Douglas net sales rise by 5.6%

08 Feb '08

4 min read

Net income during the first quarter of 2007/08 rose to 94.3 million EUR following 92.4 million EUR in the previous year's period.Earnings per share increased to 2.40 EUR after 2.35 EUR a year earlier.

The Douglas perfumeries increased their sales for the quarter by 7.4 percent to 622.0 million EUR, enabling them to further extend their market-leading position in Europe. Sales at the 440 Douglas perfumeries in Germany were up 0.8 percent at 314.9 million EUR.

The 650 Douglas perfumeries outside Germany produced above-par performances; their turnover rose by 15.2 percent to 307.1 million EUR. The 31 new stores opened abroad contributed to this surge, with the highest sales gains being reported by the perfumeries in Poland, the Netherlands, Russia, Italy and Spain. The foreign stores' share of total perfumery sales rose to 49.4 percent following 46.1 percent a year earlier.

The Books division succeeded in boosting sales by 20.9 percent to 259.2 million EUR at its 271 bookstores in Germany, Austria and Switzerland. Sales at the Group's 219 bookstores in Germany were 23.4 percent higher at 200.5 million EUR, primarily as the result of acquiring Buch&Kunst with effect of January 1, 2007. Sales at the 52 Thalia bookstores in Austria and Switzerland climbed by 13.0 percent to 58.7 million EUR.

In the Jewelry division, turnover at the 203 Christ stores was up by 4.4 percent. This includes the quarter's sales from the two stores acquired from René Kern. Excluding this contribution, Christ posted a 1.8 percent sales gain over the previous year's period.

In the Fashion division, the 15 womenswear stores operated by Appelrath-Cüpper saw sales decline by 6.5 percent, partly as the result of adverse conditions in their market. In the Confectionery division, in contrast, the 294 Hussel shops recorded sales of 41.6 million EUR in the quarter under review, for an increase of 5.8 percent.

DOUGLAS HOLDING AG

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