BERLIN Douglas Group’s net profits declined 14 percent to 78.6 million euros, or $107.1 million, in the six months ended March 31.

Sales at the Hagen, Germany-based company, whose activities include Douglas Perfumeries and retailers of confectionary, fashion, jewelry and books, rose 2.1 percent to 1.87 billion euros, or $2.55 billion. On a like-for-like basis, revenues gained 0.9 percent. The group’s online sales increased 34 percent.

Douglas’ 1,171 perfumery doors generated sales of 1.04 billion euros, or $1.42 billion, up 0.6 percent on-year. On a like-for-like basis, Douglas Perfumeries registered a 1.4 percent revenues uptick. The perfumeries’ sales in Germany rose 4.4 percent and dipped 3.2 percent abroad.

The company blamed 2011’s late Easter date, which didn’t fall into its six-month reporting period, for the modest gains.

Dollar figures are converted from euros at average exchange rates for the period to which they refer.

For its first seven months — including business rung up in April, which included Easter — Douglas Group’s sales increased 2.8 percent to 2.1 billion euros, or $2.88 billion. Douglas’ perfumery division sales in the period increased 1 percent to 1.2 billion euros, or $1.65 billion.

For the 2010-2011 fiscal year, Douglas Group anticipates sales growth between 3 percent to 5 percent, and earnings before taxes of around 140 million euros, or $197.4 million at current exchange.

load comments
blog comments powered by Disqus