Look! Douglas grows 8.3% and boosts its profit by 22% in the first quarter of 2020
The German cosmetics and perfume retailer recorded a revenue of 1.3 billion euros (1.4 dollars) between September and December.
Douglas kicks off the year on a good note. The German cosmetics and perfume company saw an 8.3% growth in the first quarter of 2020. Between September and December, a period that corresponds to the first quarter of its fiscal year, the company has recorded a revenue of 1.3 billion euros (1.4 billion dollars) boosted by the sales generated during the Black Friday discount day and the Christmas campaign, as reported by the company in a release.
The German retailer also saw growth in its net profit with a 21.9% increase, up to 111 million euros (119.8 million dollars), compared to 91 million euros (98 million dollars) recorded between September and December 2018.
By markets, Germany has remained Douglas’ main consumer with a revenue increase of 7.8%, up to 481 million euros (519 million dollars). Nevertheless, the region that increased its sales in this period was Eastern Europe, which increased its revenues by 13.6% to 134 million euros (114.7 million dollars). France recorded 309 million euros (333 million dollars).
Douglas has its largest revenue platform online with a 23.2% increase in sales
The ecommerce channel has been the platform that has increased the most between
September and December. Its online platform soared up by 23.2%, up to 249 million euros (268.8 million dollars). In ten years, Douglas ecommerce has amounted to a revenue of 632 million euros (682.3 million dollars) being the channel that provides the best performance to the company.
Douglas CEO Tina Müller has assured that, in this period, the company has continued “with a solid growth trajectory with sales that have grown in all channels and show that the path taken is the correct one in our strategy”.
