BERLIN — Now focused fully on its perfumeries business, Hagen, Germany-based Douglas Group reported net sales of about 2.6 billion euros, or $2.98 billion for its financial year, which ran from October 1, 2014 to September 30, 2015. On Wednesday, the parent company of Douglas Perfumeries said the number, which is based on preliminary figures, represented a pro forma 5 percent gain, resulting from strong performances in Germany and abroad.
A leader in Europe’s selective beauty market, Douglas has 1,700 perfumeries in 19 countries.
Its international businesses, which include the French Nocibé perfumery chain, contributed 1.4 billion euros, or $1.6 billion, of total sales. Online business generated 10 percent of group revenues.
“We are delighted with the development of our business over the past financial year, which has been an important year for us above and beyond our good results,” commented Douglas Group chief executive officer Henning Kreke.
“Douglas is now a strong company, but we can get even better. We have identified concrete potential for improvement we will now focus on exploiting.”
Since its privatization via purchase by Advent International in 2013, and its consequent delisting from the German Stock Exchange, Douglas no longer releases regularly scheduled financial details. The company, which once held jewelry, book, fashion, and confectionary retailers, divested some and moved others to separate holding companies to focus on perfumeries, and acquired Nocibé in 2014.
In June of this year, Douglas was sold to private equity firm CVC Capital Partners. The founding Kreke family retains a 15 percent share of the company.