Douglas Group closes financial year with 8.7% growth in revenue

Revenues up 8.7 per cent to EUR 4.5 billion with Ebitda up 11.4 per cent to EUR 808.6 million: the Douglas Group closes the financial year 2023/24 with positive results, which saw the IPO of the German perfumery chain and the implementation of its 'Let it Bloom' growth strategy. And for next year, a further increase is expected, which will bring turnover to between 4.7 and 4.8 billion, with EBITDA expected to be between 855 and 885 million.

"Not only did we close another year with excellent results exceeding expectations," commented Sander van der Laan, CEO of the Douglas Group, "but we also continued and developed our growth strategy linked to sustainability and social commitment.

Both sales in shops (+8.2%) and e-commerce (+9.8%) increased. Drivers were Europe - Central and Eastern - and niche segments. In line with its 'Let it Bloom' growth strategy, the company continues to develop its omnichannel model. It opened 54 new shops and renovated 144 existing ones, and closed 20, including six franchises. Strategic openings planned for the financial year 2024/25 include Antwerp, Salzburg and Berlin.