Douglas reports USD 2.9 B in sales for H1 2025 amid market headwinds
The report highlights key developments in its business performance, financial position, and strategic outlook.
GERMANY – The DOUGLAS Group, a German multinational perfumery and cosmetics chain, has released its half-year financial report for 2024/2025(October 2024 – March 2025), reporting sales of approximately €2.59 billion(USD 2.90 billion), reflecting a 2.8% increase compared to the previous year.
Excluding the divestment of Disapo, sales grew by 3.7%, with store sales rising by 3.5% and e-commerce sales increasing by 1.5%.
Despite volatile market conditions and negative calendar effects, such as Easter shifting to Q3 instead of Q2, the company managed to significantly improve its net income, which surged by 71.7% to €144 million(USD 161.22 million), compared to €83.9 million(USD 93.94 million) in the previous year.
The reported EBITDA climbed 11.1% to €472.1 million(USD 528.47), with an EBITDA margin of 18.3%, up from 16.9% in the prior year.
However, adjusted EBITDA declined 3.7% to €475.9 million(USD 532.53 million), with an adjusted EBITDA margin of 18.4%, slightly lower than the 19.7% recorded in the previous year.
DOUGLAS Group projects total sales of approximately €4.5 billion(USD 5.04 billion) for the full financial year.
In addition, the retailer anticipates an adjusted EBITDA margin of around 17% and Net income of approximately €175 million.
Sander van der Laan, CEO of the DOUGLAS Group, said, “We have responded decisively to the slowdown in consumer traffic and demand for premium beauty by initiating several stabilization measures, reviewing our expenditures and capex allocation.”
“As the leading premium beauty retailer in Europe, we are strongly positioned in both the store business and online. We expect the global economic landscape and thus the premium beauty market to recover in the medium-term.”
Recently, The Douglas Group secured €200 million(USD 220 million) through a German private placement (Schuldscheindarlehen) to fully repay a €450 million bridge facility.
The facility was established after the company’s IPO at the Frankfurt Stock Exchange.
Combined with €250 million(USD 272.48 million) from operational liquidity, the funds were utilized to repay that debt fully.
This financing was achieved without in rem security, marking a significant step in the company’s financial strategy.
The repayment was made at the first due date, avoiding potential extensions and saving approximately €3.3 million(USD 3.6 million) in interest costs.
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