The increasing consumption of consumption in an uncertain economic environment is more careful for the current financial year.
The consumption mood has deteriorated since mid-February, the company said and rowed back in sales and profit destinations for the financial year, which was running until the end of September.
In sales, Douglas expects a slight increase to around 4.5 billion euros instead of 4.7 billion to 4.8 billion euros. The bottom line is that a profit of around 175 million euros is said to get stuck instead of the expected range of 225 million to 265 million euros.
“The growing economic and political tensions in the world have now also reached the premium beauty market in Europe,” said Douglas boss Sander van der Laan. In the past few weeks, the frequency and demand from the customers have increasingly slowed down, which Douglas’ business has also affected.
Germany and France and thus the two most important individual markets are particularly affected. The medium -term goals are also up for debate in this environment. These would now be checked, including the further development of the degree of debt.
Douglas had returned to the stock exchange almost exactly a year ago – at an issue price of EUR 26.00 per share. The paper never saw courses about it. Most recently, a clearer slide had started in mid -February. Since then alone, the papers have lost around 30 percent of their value – until the Xetra closing on Thursday.