DOUGLAS Group Aims for FY 2024/25 amidst Earnings Improvement

DOUGLAS Group is on track to meet its FY 2024/25 targets despite a volatile market environment. In Q2 2024/25, sales dropped by 2.0% to €939.0 million, impacted by the macroeconomic climate and fewer trading days. Store sales remained stable at -0.1%, but e-commerce sales declined by 5.6%.

Group profitability improved with reported EBITDA rising 14.5% to €122.0 million. Quarterly net income saw a significant boost of 54.0%, reducing losses to €19.0 million. For the first half of the fiscal year, net income jumped by 71.7% to €144.0 million.

DougAS implemented cost-control measures and maintained strong sales in Central Eastern Europe, witnessing a notable 7.6% growth. The company reaffirms its guidance, expecting sales of €4.5 billion and a net income of €175 million for FY 2024/25.