DOUGLAS Group Maintains Guidance Despite Challenging Q3

DOUGLAS Group reported a 2.0% decline in third-quarter sales, totaling 987.8 million euros, while adjusted EBITDA reached 127.5 million euros. Despite weak markets in Germany, France, and the Netherlands, the group confirmed its full-year guidance with an anticipated net sales growth of 0-1% and an adjusted EBITDA margin of ~15.0%.

The shift towards e-commerce continues, with robust growth in Central Eastern Europe. However, the online sales increase was insufficient to outweigh declines in Germany and France. In addition, Parfumdreams, part of the Group, experienced a significant sales drop of 10.4% due to operational challenges.

CEO Sander van der Laan emphasized ongoing strategic realignments, focusing on competitive pricing and increased e-commerce investments. The group's omnichannel approach remains integral, with cross-channel services like Click & Collect showing strong performance.