Germany · Delayed Price · Currency is EUR Douglas AG Earnings Call Transcripts
Fiscal Year 2026
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Q1 sales grew 1.7% to €1.67B, with e-commerce up 4.2% and adjusted EBITDA margin down to 19.9% due to higher promotional activity. CEE led segment growth, while guidance for FY remains unchanged, expecting margin improvement from SG&A efficiency in H2.
Fiscal Year 2025
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Solid sales growth and doubled net income were achieved despite margin pressure from promotions and competition. E-commerce and exclusive brands drove performance, while store expansion and supply chain modernization continued. FY26 guidance targets 3.3% sales growth and 16.5% EBITDA margin.
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Q3 saw a return to growth with sales up 3.2% (4% ex-Desapo), net income swinging to €17M profit, and strong omnichannel and store expansion. Guidance for FY 2024–2025 is reaffirmed, with continued focus on cost control amid a highly promotional market and ongoing supply chain transitions.
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Q2 sales declined 2% year-over-year, with adjusted EBITDA down 16.1% but reported EBITDA up 14.5% due to minimal adjustments. Net income improved, and April sales rebounded, especially in Germany. Full-year guidance is reaffirmed, with continued investment in stores, IT, and exclusive brands.
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Q1 delivered solid sales and EBITDA growth despite a December slowdown and challenging consumer sentiment. Net income rose 30% to €163 million, leverage improved, and the company reaffirmed its FY guidance while advancing store expansion, e-commerce, and supply chain initiatives.
Fiscal Year 2024
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Full-year sales grew nearly 9% with strong omnichannel momentum, margin expansion, and improved net income driven by operational gains and debt reduction. Guidance for FY 2024-2025 targets further sales and EBITDA growth, continued deleveraging, and enhanced omnichannel and ESG initiatives.
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Q3 saw strong sales growth in both stores and e-commerce, with adjusted EBITDA up 5.6% year-over-year. The group upgraded its full-year sales guidance and remains on track for midterm targets, while executing strategic initiatives in premium beauty and digital transformation.