PARIS — Douglas Group’s net income in the first three months of its 2017-18 fiscal year was flat on a reported basis and rose 31.8 percent in like-for-like terms.
The Douglas perfumery chain’s parent, based in Hagen, Germany, reported on Thursday net profits of 75 million euros in the quarter ended Dec. 31. Sales in the period gained 14.8 percent to 1.14 billion euros, driven by the consolidation of recent acquisitions and a strong Christmas season.
As reported, Douglas Group made a series of purchases last year, including the Spanish perfumery chains Perfumerias If and Bodybell, and Italy’s Limoni and La Gardenia.
The company said that business in Germany has been “underperforming.” In the first quarter, domestic sales declined 5.5 percent versus the same prior-year period to 403 million euros.
Meanwhile, the group’s e-commerce business advanced 11.7 percent.