The German perfume chain Douglas revises and corrects its forecasts for the fiscal year 2024/2025 downward, attributing this decision to the "growing impact of macroeconomic and political uncertainty" in the sector.
The company now estimates a net profit of 175 million euros, below the previously projected range of 225 to 265 million euros. It has also adjusted its revenue forecast to 4.5 billion euros, down from the previous range of 4.7 to 4.8 billion euros. The margin of its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) now stands at 17%, compared to the initial estimate of 855 to 885 million euros.
Douglas CEO Sander van der Laan has pointed out that the increasing global economic and political tensions have affected the high-end beauty sector in Europe. In particular, he highlighted underperformance in key markets such as France and Germany, with a notable slowdown in customer traffic and demand since February.
During the fiscal year 2023/2024, Douglas achieved a revenue of 4.45 billion euros, representing an increase of 8.7% compared to the previous year. This growth was reflected in both physical store sales and e-commerce.