Douglas drops after FY outlook cut

Douglas AG

21/03/2025 07:40

** Shares in Douglas DOU1.DE drop around 10% in early Frankfurt trade after the German perfume and cosmetics retailer cut its FY outlook, citing slowdown in the European premium beauty market

** The company now expects net sales of EUR 4.5 bln vs previously EUR 4.7–4.8 bln; net income of EUR 175 mln vs previously EUR 225–265 mln

** "Investors viewed the premium category as more defensive and less economically sensitive than other retail categories but this does not appear to be the case," Deutsche Bank analyst Adam Cochrane says in a note

** He adds that while consensus expectations were already below the guidance "the credibility gap has widened" now

** The stock is down 29% YTD

 (Reporting by Amir Orusov)

 ((Amir.orusov@thomsonreuters.com))