Douglas on track for biggest one-day slump ever after Q1 miss

Douglas AG

13/02/2025 08:43

** Shares in Douglas  DOU1.DE  slump around 15% to their
lowest price since August after the German perfume and cosmetics
retailer's earnings missed expectations
        ** Adjusted EBITDA came in at 353.5 million euros, below
the average forecast of 371.1 million in a Vara poll
  
    ** Jefferies says the update suggests that expected beauty
slowdown in 2025 has arrived "quite rapidly"
        ** It points to the company's comments on weaker
momentum in December continuing into first weeks of this year
  
    ** The stock hits bottom of the German small-cap index
 .SDAXI , if losses hold it will see its worst day ever

 (Reporting by Elizaveta Gladun)
 ((elizaveta.gladun@thomsonreuters.com))