Good Christmas trade boosts start to Douglas Holdings’ New Year
Sales targets surpassed despite economic crisis
Douglas Holding AG, which owns the German Douglas Perfumery chain, has reported a 3.7% climb in net sales to €3.3bn in the 2009/10 fiscal year, which was 2% higher than its projected sales target, indicating that these strong sales were in part down to healthy holiday spending by consumers.
Dr Henning Kreke, president and ceo of Douglas Holding AG comments: “We have once again achieved our targets for this fiscal year. At €131.2m, our EBT was just above our target range of between €120-€130m, with the EBT margin standing at 4% just as in the previous financial year.”
The group, which is present throughout Europe, performed particularly well in its home country of Germany with the domestic market showing an individual sales increase of up to 4.7%, with the Douglas Perfumery chain there increasing its market share.
Kreke continues: “On the whole we are thoroughly pleased with the performance delivered during the past year, given the ongoing financial crisis still being perceived in several countries. The fact that we once again surpassed our targets is largely owed to our 24,000 employees. I would like to take this opportunity to express my heartfelt gratitude to each and every one of them.”