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Appelrath-Cüpper to hone brand profile with exclusive fashion
17
Jan '08
The 2006/07 financial year proved a successful year for the DOUGLAS Group.

At Balance Sheet Press Conference for the 2006/07 fiscal year (09/30), President and CEO Dr. Henning Kreke summarized developments as follows: "We have sustained our earnings-oriented growth and achieved our targets."

In its last fiscal year, the DOUGLAS Group had set out to record an increase in sales of 10-12 percent, and pre-tax earnings ranging between 139 and 142 million EUR.

By the end of the period, turnover had risen by 12 percent to 3.0 billion EUR, while pre-tax earnings were 10.6 percent higher at 143 million EUR.

This produced an EBT margin (previously: net operating margin) of 4.8 percent, sustaining the DOUGLAS Group's position as a top player in the German retail segment.

Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) climbed to 266 million EUR following some 243 million EUR in the previous year's period.

The EBITDA margin – the ratio of EBITDA to sales – finished at 8.9 percent after 9.1 percent 12 months earlier.

DOUGLAS Value Added (DVA) – which measures the increase in the DOUGLAS Group's value – rose by more than 6 million EUR to over 37 million EUR during the past financial year, setting a new record in the process.

It was particularly gratifying that almost all of the divisions succeeded in posting positive DVA, with the Douglas perfumeries yet again reporting the highest increase.


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