Home / Knowledge / News / Fashion / International growth of Douglas perfumeries boosts H1 profit
International growth of Douglas perfumeries boosts H1 profit
May '08
During the first half of its 2007/08 fiscal year (October 1, 2007 - March 31, 2008), the net sales of the DOUGLAS Group rose by 6.1 percent to more than 1.7 billion EUR over the previous year.

Portfolio-adjusted (exclusive of previous year's sales from René Kern and Pohland - both of which have since then been divested), the DOUGLAS Group posted sales growth of 9.9 percent.

Like-for-like sales - which only reflect those locations operating during the current and previous year's period - were 2.7 percent higher than in the previous year. In Germany, sales increased by 1.9 percent in the first half year.

Like-for-like, this translates into a sales gain of 1.0 percent for the DOUGLAS Group. As a result, the sales development on a like-for-like basis significantly improved during the course of the second quarter versus a slight minus reported at the end of the first quarter due to the prior year's artificially high figure for an impending increase of the German VAT.

The foreign subsidiaries contributed to the DOUGLAS Group's performance. Foreign sales were up 15.2 percent in the first half year primarily thanks to the powerful international growth of the Douglas perfumeries and the positive development of the Thalia bookstores in Austria.

Like-for-like, the increase outside of Germany was 6.0 percent. The earlier Easter business in this fiscal year also enhanced the solid performance of the DOUGLAS Group, the sales of which were posted in full to the second quarter (January to March).

Must ReadView All

Courtesy: Pexels

Fashion | On 23rd Jun 2018

Nigerian bank launches N1 bn fund for fashion entrepreneur

Nigeria’s Bank of Industry has set aside 1 billion Naira (N) to...

Courtesy: Tayal

Textiles | On 23rd Jun 2018

Tayal textile factory in Algeria starts exports to Turkey

Algeria’s largest textile factory, the joint Algerian-Turkish company ...

Courtesy: Manhattan Beachwear

Fashion | On 23rd Jun 2018

Manhattan Beachwear in global partnership with BCBG Group

Manhattan Beachwear, the largest swimwear manufacturer in the US, has ...

Interviews View All

Top executives
Textile industry

Overall, Union budget 2018-19 is very balanced

Smita Murarka

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category

Related Categories:

Advanced Search