Brief: Douglas AG - Q2 Adjusted Ebitda At EUR 145.9 Mln, Up 16.2% YoY

Douglas AG

29/05/2024 08:31

May 29 (Reuters) - DOUGLAS AG  DOU1.DE :
    * Q2 ADJUSTED EBITDA IMPROVED BY 16.2% TO 145.9 MILLION
EUROS,
CORRESPONDING TO AN ADJUSTED. EBITDA MARGIN OF 15.2% (ADDS
PERIOD)
    * Q2 GROUP SALES (NET) INCREASED BY 11.5% (REPORTED) TO
AROUND 958
MILLION EUROS (LIKE-FOR-LIKE, "LFL": +10.7%) (CORRECTS SPELLING
OF COMPANY NAME)
    * DOUGLAS GROUP ACCELERATES SALES GROWTH, IMPROVES
PROFITABILITY
AND INCREASES FINANCIAL FLEXIBILITY
    * H1 GROUP SALES (NET) ROSE BY 9.3% TO AROUND 2.5 BILLION
EUROS:
STORE SALES (NET) UP 8.6% AND E-COM SALES (NET) UP 10.7%
    * H1 ADJUSTED. EBITDA IMPROVED BY 13.6% TO 494.2 MILLION
EUROS;
ADJUSTED. EBITDA MARGIN GREW 0.7PPTS TO 19.7%
    * DOUGLAS GROUP CONFIRMS OUTLOOK FOR FINANCIAL YEAR 2023/24
    * COMPANY REMAINS COMMITTED TO FURTHER DELEVERAGING AND
ACCORDINGLY EXPECTS A POSITIVE IMPACT ON FUTURE NET INCOME
    * Q2 NET INCOME FROM JANUARY TO MARCH CAME IN AT -41.3
MILLION
EUROS (Q2 2022/23: -42.2 MILLION EUROS)

Further company coverage:  DOU1.DE 

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