Brief: Douglas Expects FY Sales Growth To Be Around 8.5%

Douglas AG

17/07/2024 09:09

July 17 (Reuters) - DOUGLAS AG  DOU1.DE :
    * RAISES SALES FORECAST FOR THE FINANCIAL YEAR 2023/24 AND
SELLS
ONLINE PHARMACY DISAPO
    * SALES GROWTH FOR FINANCIAL YEAR NOW EXPECTED TO BE AROUND
8.5%
    * STRONG Q3 REVENUE BASED ON PRELIMINARY FIGURES: GROUP
SALES
(NET) INCREASED BY 7.3% IN PERIOD FROM APRIL TO JUNE 2024, WITH
GROWTH DRIVEN BY BOTH STORE (+7.2%) AND E-COM BUSINESS (+7.5%)
    * IN FIRST NINE MONTHS (OCTOBER 2023 - JUNE 2024), GROUP
SALES
(NET) ROSE BY 8.7% WITH STORES CONTRIBUTING 8.2% GROWTH AND
E-COM INCREASING BY 9.8% (PRELIMINARY FIGURES)
    * COMPANY EXPECTS ITS FY ADJUSTED. EBITDA MARGIN TO BE
SIGNIFICANTLY ABOVE PRIOR YEAR; DOUGLAS GROUP IS WELL ON TRACK
TO REACH ITS MID-TERM TARGET OF AROUND 18.5% ADJUSTED. EBITDA
MARGIN
    * CLOSING FOR DISAPO SALE EXPECTED BY END OF JULY 2024

Source text for Eikon:  ID:nEQ5rjp92a 
Further company coverage:  DOU1.DE 

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