DOUGLAS Group Reports Strong Q2 Results, Increases Profitability and Flexibility

DOUGLAS Group, Europe’s leading omnichannel beauty retailer, has reported strong results for Q2 of the financial year 2023/24 (January – March 2024). Group net sales increased by 11.5% to around €958 million, with store sales growing by 11.9% and E-commerce sales rising by 10.7%. The company's adjusted EBITDA improved by 16.2% to €145.9 million, corresponding to an adjusted EBITDA margin of 15.2%.

The positive performance extended throughout the first half of the financial year (October 2023 – March 2024), with group net sales up by 9.3% to approximately €2.5 billion. Adjusted EBITDA rose by 13.6% to €494.2 million, and free cash flow reached €363.4 million.

Following a successful IPO in March 2024, DOUGLAS Group underwent a comprehensive refinancing, reducing net debt by around €1.3 billion and significantly lowering the leverage ratio from 5.0x to 2.7x.

CEO Sander van der Laan highlighted the company’s continued growth and market position, with all segments contributing to the improved sales and profitability. The implementation of "Let it Bloom" has advanced, with significant strides in store network expansion, supply chain optimization, and technology upgrades.