🌸 Q3 2023/24 Performance
Douglas Group achieved strong results in Q3 2023/24, with net sales up 7.3% to $1.1B. This growth was driven by a 7.2% increase in store sales and a 7.5% rise in E-Commerce sales. CEO Sander van der Laan emphasized, “Our sustained strong performance and continued growth demonstrate the resilience of our business model.”
🚀 Nine-Month Results and Outlook
For the first nine months of the financial year, DOUGLAS Group's net sales rose by 8.7% to $3.8B. The company’s adjusted EBITDA jumped 11.5% to $721M, with a margin of 18.8%. Following this positive trend, the group raised its full-year sales growth guidance to 8.5%, up from 7% previously.
🛠️ Strategic Developments
Douglas completed the integration of parfumdreams logistics into the OWAC in Hamm, Germany, anticipating long-term profitability gains. The company also sold its online pharmacy Disapo to MYA Health, refocusing on its core premium beauty business. “Fully focusing on premium beauty is the right course for us,” van der Laan stated.
🏬 Store Network Expansion
The store network remains a key growth driver. The flagship luxury store in Vienna reopened with a grand ceremony, and the group has opened 38 new stores and refurbished 69 in the first nine months of 2023/24. The goal is to surpass 200 new openings and 400 refurbishments by 2026.
What impact will DOUGLAS' premium focus have?
