BERLIN — Douglas Group registered a 1.8 percent rise in net sales to 3.38 billion euros, or $4.72 billion, for its fiscal year ended Sept. 30, according to preliminary results published today.
The Hagen, Germany-based company — whose retail activities include Douglas Perfumeries, books, jewelry, fashion and confectionery businesses — said it would narrowly meet its fiscal year target of about 140 million euros, or $195.4 million, in operating earnings before taxes.
A 4 percent gain in the group’s domestic sales to 2.26 billion euros, or $3.15 billion, helped offset the 2.5 percent decline in its international business to 1.12 billion euros, or $1.56 billion. Douglas Group’s online revenues increased nearly 27 percent year-on-year, generating about 6 percent of the company’s total sales.
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Dollar figures are converted at the average exchange rate for the 12-month period to which they refer.
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Douglas Perfumeries’ sales were flat at 1.88 billion euros, or $2.62 billion. On a like-for-like basis, revenues at the 1,168 doors gained 1.8 percent.
The perfumery’s 446 domestic stores continued outperforming those abroad, with sales rising 4.6 percent to 990.5 million euros, or $1.38 billion. Douglas’ 722 international perfumeries’ revenues declined 4.6 percent on-year, with performances lagging in Italy, France, Spain, Portugal and Croatia. After adjustments made for Douglas exiting the Russian, U.S. and Danish markets, international sales grew 0.8 percent.
Sales at Douglas Group’s 207 Christ jewelry stores rose 9.7 percent, to 340.4 million euros, or $475.2 million, up 8.5 percent on a like-for-like basis — the largest increase among Douglas Group’s retail holdings. Fashion retailer AppelrathCüpper registered a slight sales uptick of 0.3 percent to 124.5 million euros, or $173.8 million.