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Perfumery chain Douglas has seen its sales grow last quarter, both in its physical shops and online. The retailer still made a net loss, but the IPO did reduce debt significantly.
One-off costs
With sales up 11.5 % to more than 958 million euros, Douglas had a strong second quarter. Its physical shops, accounting for some two-thirds of sales, grew by 11.9 %, while online advanced by 10.7 %. Gross operating profit rose 16.2 % to 145.9 million euros.
There still was a net loss of 41.3 million euros, but that was a slight improvement from the loss of 42.2 million euros in the previous financial year. The loss is partly explained by one-off costs related to the recent IPO.
CEO Sander van der Laan said he was satisfied with revenue growth and cost control. Thanks to its IPO since March, the group’s net debt has already fallen by 1.3 billion euros.
