The Douglas perfumery chain is confident about the new financial year (until the end of September). The SDax-listed company announced on Thursday in Düsseldorf that the start to the current first quarter was good. Management expects to be able to continue to grow and improve the margin.
Sales are expected to increase to 4.7 to 4.8 billion euros in the current financial year. Of this, between 855 and 885 million euros are expected to remain before special effects, interest, taxes and depreciation (via Ebitda). In the best case, this would correspond to an operating margin of 18.8 percent and Douglas would exceed the 18.5 percent targeted in the medium term. In the past financial year (until the end of September), however, profitability fell short of expectations. The shares fell premarket.
Based on an 8.7 percent increase in sales to almost 4.5 billion euros, Douglas earned almost 809 million euros in daily business. Analysts had a little more on their agenda. Thanks to tax effects, the bottom line was 84 million euros, around five times as much as the year before. (dpa)