The leading prestige beauty retailer in Europe saw a 5.8% increase in sales (+5.3% like-for-like) in the last quarter of 2024, marking the first quarter of its staggered fiscal year.
Despite a gloomy consumer climate in two of its key markets — France and Germany — Douglas announced on Thursday, February 13, that revenue from October to December 2024 reached 1.65 billion euros, while adjusted operating profit (EBITDA) rose by 1.5% to 353.5 million euros.
It was in France, the group’s second market, that sales growth was weakest (+2.1%), while the DACHNL [1] zone, by far the most important, grew by 6.2%, while the Central and Eastern Europe (CEE) zone posted the strongest growth (+13.2%).
“We kicked off the new financial year with a solid performance and continued to grow – not just against a very strong prior-year quarter, but also a challenging economic environment, with consumer sentiment across wide parts of Europe notably softening,” said Sander van der Laan, CEO of the Douglas Group.
The perfume chain returned to the Frankfurt stock exchange in March 2024.
