The logo of the Douglas perfumery chain is above the entrance area of a branch. The branch business is the largest growth driver of the perfumery chain.
(Photo: Daniel Karmann/dpa)
Germany’s largest perfumery chain Douglas did good business despite the slump in consumption between April and June. “Douglas continues to grow in a difficult macroeconomic environment and is once again proving resilient and profitable,” said CEO Sander van der Laan on Thursday when presenting the figures for the third quarter of the 2022/23 financial year. Between April and June, adjusted net consolidated sales increased by 9.7 percent to a good 910 million euros. The biggest growth driver was the branch business with an increase of a good twelve percent. However, sales in e-commerce also increased by 5.2 percent. The digital business now accounts for almost 32 percent of group sales. The bottom line is that the company, which has been carrying billions in debt since it was taken over by financial investors, reported a consolidated loss of 26.1 million euros for the third quarter. Compared to the same quarter of the previous year, the loss has thus halved. For the first nine months of the year, however, Douglas was able to present a net profit of almost 45 million euros, an improvement of more than 120 million euros compared to the same period last year.