THE FACT THAT? Douglas Group reported strong full-year sales growth and more than doubling net income in fiscal year 2024/25, meeting updated guidance despite the volatile beauty retail environment in Europe.
THE DETAILS Sales rose 3.5%, excluding the sold Disapo business, to €4.58 billion, supported by growth in both stores and e-commerce, with an acceleration online in the second half. The adjusted EBITDA margin reached 16.8%, while net profit increased to €175.4 million, driven in part by lower debt. Fourth-quarter performance was driven by increased price sensitivity and promotional pressure, resulting in lower profitability despite positive sales momentum. The retailer continued to expand its store network, investing in IT, supply chain and omnichannel capabilities, and flagged possible expansion beyond continental Europe, including a possible entry into the Middle East. For the 2025/26 fiscal year, Douglas expects sales of between €4.65 billion and €4.8 billion and an adjusted EBITDA margin of around 16.5%.
THE WHY? As premium beauty markets in Europe continue to grow at a slower pace, Douglas is prioritizing profitable omnichannel growth, operational efficiency and selective geographic expansion to navigate changing consumer behavior and intensifying competition..
Fountain: Douglas
