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Good sales performance of Douglas Perfumeries in Poland, Russia
12 May '09
5 min read
The DOUGLAS Group achieved earnings before taxes (EBT) of 109.4 million EUR in the first half year following 136.5 million EUR in the same period last year. The earnings performance as of the end of March was affected by both the shift in Easter business to the third reporting quarter and the one-off effects as part of store network streamlining of about 12 million EUR. The return on sales – the ratio of earnings before taxes (EBT) to sales – of 6.1 percent was behind the prior year's figure of 7.8 percent due to the high number of new store openings over the past twelve months.
Earnings before interest, taxes, depreciation and amortization (EBITDA) of the DOUGLAS Group came in at 176.4 million EUR during the first half year versus 197.8 million EUR in the same period last year. This was also affected by the late Easter business and the one-off effects. The EBITDA margin – the ratio of EBITDA to sales – stood at 9.9 percent after 11.3 percent a year earlier.
The first half year of the 2008/09 fiscal year closed with Group net income of 73.5 million EUR following 88.8 million EUR last year. Earnings per share fell to 1.87 EUR after 2.26 in the previous year due to the lower Group net income amount.
As of March 31, 2009, the DOUGLAS Group employed over 24,000 employees, 691 more than the year before. The number of employees abroad particularly advanced to nearly 9,600 as a result of new openings. In Germany, the number of employees was over 14,500 including almost 1,400 trainees.
The capital expenditure volume of 67.4 million EUR for the first half year was higher by 1.5 million EUR over the same period last year. Following a rise in the first quarter, capital expenditure in the second quarter was nearly 15 percent behind the prior year's figure. All in all, investments in the first half year comprised of 68 new openings (prior year: 69) as well as the expanding and refurbishment of existing locations.
The main focus of capital spending was placed on the Douglas Perfumeries, with 55 new stores including 48 outside of Germany – predominantly in Poland and Russia. As of March 31, 2009, the DOUGLAS Group's store network encompassed nearly 2,000 retail specialty stores.
Sales in the Group's divisions
The all-important Easter business for the DOUGLAS Group's divisions fell completely in April this year; in contrast, Easter sales fell in March last year. For purposes of providing an overview that is the most comparative, the cumulative sales performance is presented below for the first seven months – that is as of the end of April.
The Douglas Perfumeries increased their sales by 2.1 percent to almost 1.2 billion EUR in the first half year of the fiscal year. The 452 German perfumeries posted a sales gain of 1.4 percent. The 767 perfumeries outside of Germany increased their sales by 2.9 percent as a result of numerous new openings.
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Earnings before interest, taxes, depreciation and amortization (EBITDA) of the DOUGLAS Group came in at 176.4 million EUR during the first half year versus 197.8 million EUR in the same period last year. This was also affected by the late Easter business and the one-off effects. The EBITDA margin – the ratio of EBITDA to sales – stood at 9.9 percent after 11.3 percent a year earlier.
The first half year of the 2008/09 fiscal year closed with Group net income of 73.5 million EUR following 88.8 million EUR last year. Earnings per share fell to 1.87 EUR after 2.26 in the previous year due to the lower Group net income amount.
As of March 31, 2009, the DOUGLAS Group employed over 24,000 employees, 691 more than the year before. The number of employees abroad particularly advanced to nearly 9,600 as a result of new openings. In Germany, the number of employees was over 14,500 including almost 1,400 trainees.
The capital expenditure volume of 67.4 million EUR for the first half year was higher by 1.5 million EUR over the same period last year. Following a rise in the first quarter, capital expenditure in the second quarter was nearly 15 percent behind the prior year's figure. All in all, investments in the first half year comprised of 68 new openings (prior year: 69) as well as the expanding and refurbishment of existing locations.
The main focus of capital spending was placed on the Douglas Perfumeries, with 55 new stores including 48 outside of Germany – predominantly in Poland and Russia. As of March 31, 2009, the DOUGLAS Group's store network encompassed nearly 2,000 retail specialty stores.
Sales in the Group's divisions
The all-important Easter business for the DOUGLAS Group's divisions fell completely in April this year; in contrast, Easter sales fell in March last year. For purposes of providing an overview that is the most comparative, the cumulative sales performance is presented below for the first seven months – that is as of the end of April.
The Douglas Perfumeries increased their sales by 2.1 percent to almost 1.2 billion EUR in the first half year of the fiscal year. The 452 German perfumeries posted a sales gain of 1.4 percent. The 767 perfumeries outside of Germany increased their sales by 2.9 percent as a result of numerous new openings.
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DOUGLAS Group
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