BERLIN — Douglas Group’s net sales rose 4.1 percent to 1.6 billion euros, or $2.17 billion, in the first five months of its current fiscal year.
On a like-for-like basis, the company’s revenues grew 2.3 percent in the period between Oct. 1, 2010, and Feb. 28, 2011. Activities at the Hagen, Germany-based firm include Douglas Perfumeries and retailers of confectionary, books, fashion and jewelry.
Douglas’ perfumery division, which includes more than 1,200 doors around the world, registered a 2.2 percent sales uptick. On a like-for-like basis, the gain was 2.4 percent.
Dollar figures are converted at average exchange for the period to which they refer.
Speaking at the annual general meeting, Douglas president and chief executive officer Henning Kreke said the company is on track to reach its financial goals for this fiscal year. That includes the previously announced 2 percent to 4 percent increase in sales and pre-tax profits ranging from 131 million euros to 140 million euros, or $180.1 million to $192.5 million at current exchange.