DOUGLAS Group Adjusts 2024/25 Financial Projections Amid Weak Market

DOUGLAS Group, a leading name in the European premium beauty industry, has revised its financial guidance for the fiscal year 2024/25. This adjustment comes in response to declining customer sentiment and a slowdown in market growth, especially in Germany and France. The Group now anticipates sales to reach approximately €4.5 billion, down from the earlier forecast of €4.7-€4.8 billion. Adjusted EBITDA margins are expected at around 17%, with net income predicted to be around €175 million, reduced from the previous estimate of €225-€265 million.

Global economic and political uncertainties have significantly affected consumer traffic in stores and online, negatively impacting DOUGLAS's sales and gross profits in the second quarter. In response, the Group has implemented cost reduction measures and reallocation of resources to stabilize its performance. Despite the challenging environment, DOUGLAS remains optimistic about its strategic 'Let it Bloom' initiative and the strength of its omnichannel business model.