Germany · Delayed Price · Currency is EUR Douglas AG Earnings Call Transcripts
Fiscal Year 2026
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Q2 saw modest 1.1% sales growth, with e-commerce outperforming stores, but profitability was hit by EUR 99 million in goodwill impairments and ongoing margin pressure. Guidance was lowered, with full-year sales expected at the lower end and EBITDA margin at 16%.
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Q1 sales grew 1.7% year-over-year to EUR 1.67 billion, with e-commerce up 4.2% and adjusted EBITDA margin at 19.9%. Gross margin declined due to higher promotions, but net financial debt improved and guidance for the year remains unchanged. CEE led segment growth, and exclusive brands and digital initiatives are strategic priorities.
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 e-commerce and core markets under pressure, but April saw a rebound due to Easter. Adjusted EBITDA fell 16.1%, while reported EBITDA rose on fewer adjustments. Full-year guidance is reaffirmed, with ongoing strategic investments and supply chain transformation.
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Q1 delivered solid sales and EBITDA growth despite a challenging consumer environment and increased promotional activity. Store expansion, exclusive brand launches, and supply chain upgrades supported performance, while guidance for FY 2024/25 remains unchanged but at the lower end of the EBITDA range.
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 delivered strong sales and EBITDA growth, with robust omnichannel performance and continued network expansion. Guidance was upgraded, premium beauty focus sharpened, and financial flexibility improved post-IPO. European market remains resilient despite global slowdown.