BERLIN — Douglas Group sales rose 1.4 percent to 1.2 billion euros, or $1.62 billion, in its first quarter ended Dec. 31. On a like-for-like basis, revenues increased 2.2 percent. Dollar figures are converted at the average exchange rate for the period to which they refer.
Sales from Douglas Group’s online shops gained more than 20 percent. Holiday revenues, online performance and domestic growth were key to gains for the Hagen, Germany-based group, whose retail activities include Douglas Perfumeries, books, jewelry, fashion and confectionery businesses.
Total sales in Germany increased 4.1 percent, or 3.8 percent on a like-for-like basis. Group revenues abroad dipped 4.1 percent, or 0.9 percent in comparable terms.
Despite closing 72 stores in 2011, including 32 perfumeries in Russia, Douglas Perfumeries’ first-quarter sales were on a par with the prior year. Domestic perfumeries performed particularly well, registering a 5.1 percent sales gain.
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“All in all, this trend in sales during the first quarter gives us a solid foundation for the rest of the fiscal year,” said Douglas Group president and chief executive officer Henning Kreke during a press conference Wednesday.
Douglas Group also reported that its net profits for the fiscal year ended Sept. 30, leapt 14.3 percent to 87 million euros, or $121.38 million. Additionally, the company confirmed its net sales rose 1.7 percent to 3.38 billion euros, or $4.72 billion.