BERLIN — Douglas Perfumeries reported Tuesday a sales uptick of 2.2 percent to 1.45 billion euros, or $1.99 billion at average exchange, for the first nine months of its fiscal year.
Douglas also maintained its outlook for the year, after a disappointing second quarter caused the company to downgrade its overall sales and profits forecast in May. Its expectation for sales growth of 2 percent for the fiscal year remains unchanged.
The nine-month results cover the period from Oct. 1, 2008, to June 30. The fiscal year for the Douglas Group, which includes books, jewelry, fashion and confectionary retail businesses in addition to the perfumeries, ends Sept. 30.
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Nine-month figures for the firm’s 451 German perfumeries showed a 1.6 percent sales rise to 718.9 million euros, or $955.9 million, but a 0.3 percent decline on a like-for-like basis. Douglas Perfumeries’ 766 international doors increased sales by 2.8 percent in the nine-month period to 728.8 million euros, or $969 million. Highlights were Russia and Poland, while sales declined in Spain, Portugal, Italy, France and the Baltic States.
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Net income for Douglas Group fell 16 percent to 73.6 million euros, or $97.9 million, during the nine-month period. Sales for the group, which includes a network of 1,999 stores, were up 2.7 percent over the previous year to 2.5 billion euros, or $3.32 billion, with like-for-like sales down 0.9 percent.
Group operating earnings dropped to 120.5 million euros, or $160.2 million, against the previous year’s figure of 136.7 million euros, or $181.8 million, an 11.8 percent decline. Earnings before interest, taxes, depreciation and amortization dipped 9 percent to 205 million euros, or $272.6 million.
Operating earnings before taxes came in at 120 million euros, or $159.6 million.
Year-to-date, Douglas Perfumeries opened 69 new stores across Europe. The perfumery arm will continue to be the focus of group investment, with store openings and updates on tap in most of the countries where Douglas is present, according to the company, which added that underperforming perfumeries will be closed in some foreign markets.