Keep up-to-date with current financial news from the DOUGLAS Group. In this section, you’ll get an overview of the latest business developments.
1. Details of the person discharging managerial responsibilities / person closely associated a) Name
2. Reason for the notification a) Position / status
b) Initial notification 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name
b) LEI
4. Details of the transaction(s) a) Description of the financial instrument, type of instrument, identification code
b) Nature of the transaction
c) Price(s) and volume(s)
d) Aggregated information
e) Date of the transaction
f) Place of the transaction
18.09.2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. | ||||||||||||||||||||||||||||||||
| Language: | English |
| Company: | Douglas AG |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany |
| End of News | EQS News Service |
1. Details of the person discharging managerial responsibilities / person closely associated a) Name
2. Reason for the notification a) Position / status
b) Initial notification 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name
b) LEI
4. Details of the transaction(s) a) Description of the financial instrument, type of instrument, identification code
b) Nature of the transaction
c) Price(s) and volume(s)
d) Aggregated information
e) Date of the transaction
f) Place of the transaction
17.09.2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. | ||||||||||||||||||||||||||||||||
| Language: | English |
| Company: | Douglas AG |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany |
| End of News | EQS News Service |
1. Details of the person discharging managerial responsibilities / person closely associated a) Name
2. Reason for the notification a) Position / status
b) Initial notification 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name
b) LEI
4. Details of the transaction(s) a) Description of the financial instrument, type of instrument, identification code
b) Nature of the transaction
c) Price(s) and volume(s)
d) Aggregated information
e) Date of the transaction
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16.09.2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. | ||||||||||||||||||||||||||||||||
| Language: | English |
| Company: | Douglas AG |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany |
| End of News | EQS News Service |
1. Details of the person discharging managerial responsibilities / person closely associated a) Name
2. Reason for the notification a) Position / status
b) Initial notification 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name
b) LEI
4. Details of the transaction(s) a) Description of the financial instrument, type of instrument, identification code
b) Nature of the transaction
c) Price(s) and volume(s)
d) Aggregated information
e) Date of the transaction
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13.09.2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. | ||||||||||||||||||||||||||||||||
| Language: | English |
| Company: | Douglas AG |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany |
| End of News | EQS News Service |
1. Details of the person discharging managerial responsibilities / person closely associated a) Name
2. Reason for the notification a) Position / status
b) Initial notification 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name
b) LEI
4. Details of the transaction(s) a) Description of the financial instrument, type of instrument, identification code
b) Nature of the transaction
c) Price(s) and volume(s)
d) Aggregated information
e) Date of the transaction
f) Place of the transaction
12.09.2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. | ||||||||||||||||||||||||||||||||
| Language: | English |
| Company: | Douglas AG |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany |
| End of News | EQS News Service |
1. Details of the person discharging managerial responsibilities / person closely associated a) Name
2. Reason for the notification a) Position / status
b) Initial notification 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name
b) LEI
4. Details of the transaction(s) a) Description of the financial instrument, type of instrument, identification code
b) Nature of the transaction
c) Price(s) and volume(s)
d) Aggregated information
e) Date of the transaction
f) Place of the transaction
12.09.2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. | ||||||||||||||||||||||||||||||||
| Language: | English |
| Company: | Douglas AG |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany |
| End of News | EQS News Service |
1. Details of the person discharging managerial responsibilities / person closely associated a) Name
2. Reason for the notification a) Position / status
b) Initial notification 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name
b) LEI
4. Details of the transaction(s) a) Description of the financial instrument, type of instrument, identification code
b) Nature of the transaction
c) Price(s) and volume(s)
d) Aggregated information
e) Date of the transaction
f) Place of the transaction
10.09.2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. | ||||||||||||||||||||||||||||||||
| Language: | English |
| Company: | Douglas AG |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany |
| End of News | EQS News Service |
1. Details of the person discharging managerial responsibilities / person closely associated a) Name
2. Reason for the notification a) Position / status
b) Initial notification 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name
b) LEI
4. Details of the transaction(s) a) Description of the financial instrument, type of instrument, identification code
b) Nature of the transaction
c) Price(s) and volume(s)
d) Aggregated information
e) Date of the transaction
f) Place of the transaction
09.09.2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. | ||||||||||||||||||||||||||||||||
| Language: | English |
| Company: | Douglas AG |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany |
| End of News | EQS News Service |
1. Details of the person discharging managerial responsibilities / person closely associated a) Name
2. Reason for the notification a) Position / status
b) Initial notification 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name
b) LEI
4. Details of the transaction(s) a) Description of the financial instrument, type of instrument, identification code
b) Nature of the transaction
c) Price(s) and volume(s)
d) Aggregated information
e) Date of the transaction
f) Place of the transaction
06.09.2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. | ||||||||||||||||||||||||||||||||
| Language: | English |
| Company: | Douglas AG |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany |
| End of News | EQS News Service |
1. Details of the person discharging managerial responsibilities / person closely associated a) Name
2. Reason for the notification a) Position / status
b) Initial notification 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name
b) LEI
4. Details of the transaction(s) a) Description of the financial instrument, type of instrument, identification code
b) Nature of the transaction
c) Price(s) and volume(s)
d) Aggregated information
e) Date of the transaction
f) Place of the transaction
05.09.2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. | ||||||||||||||||||||||||||||||||
| Language: | English |
| Company: | Douglas AG |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany |
| End of News | EQS News Service |
1. Details of the person discharging managerial responsibilities / person closely associated a) Name
2. Reason for the notification a) Position / status
b) Initial notification 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name
b) LEI
4. Details of the transaction(s) a) Description of the financial instrument, type of instrument, identification code
b) Nature of the transaction
c) Price(s) and volume(s)
d) Aggregated information
e) Date of the transaction
f) Place of the transaction
04.09.2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. | ||||||||||||||||||||||||||||||||
| Language: | English |
| Company: | Douglas AG |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany |
| End of News | EQS News Service |
1. Details of the person discharging managerial responsibilities / person closely associated a) Name
2. Reason for the notification a) Position / status
b) Initial notification 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name
b) LEI
4. Details of the transaction(s) a) Description of the financial instrument, type of instrument, identification code
b) Nature of the transaction
c) Price(s) and volume(s)
d) Aggregated information
e) Date of the transaction
f) Place of the transaction
04.09.2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. | ||||||||||||||||||||||||||||||||
| Language: | English |
| Company: | Douglas AG |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany |
| End of News | EQS News Service |
1. Details of the person discharging managerial responsibilities / person closely associated a) Name
2. Reason for the notification a) Position / status
b) Initial notification 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name
b) LEI
4. Details of the transaction(s) a) Description of the financial instrument, type of instrument, identification code
b) Nature of the transaction
c) Price(s) and volume(s)
d) Aggregated information
e) Date of the transaction
f) Place of the transaction
02.09.2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. | ||||||||||||||||||||||||||||||||
| Language: | English |
| Company: | Douglas AG |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany |
| End of News | EQS News Service |
1. Details of the person discharging managerial responsibilities / person closely associated a) Name
2. Reason for the notification a) Position / status
b) Initial notification 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name
b) LEI
4. Details of the transaction(s) a) Description of the financial instrument, type of instrument, identification code
b) Nature of the transaction
c) Price(s) and volume(s)
d) Aggregated information
e) Date of the transaction
f) Place of the transaction
30.08.2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. | ||||||||||||||||||||||||||||||||
| Language: | English |
| Company: | Douglas AG |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany |
| End of News | EQS News Service |
1. Details of the person discharging managerial responsibilities / person closely associated a) Name
2. Reason for the notification a) Position / status
b) Initial notification 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name
b) LEI
4. Details of the transaction(s) a) Description of the financial instrument, type of instrument, identification code
b) Nature of the transaction
c) Price(s) and volume(s)
d) Aggregated information
e) Date of the transaction
f) Place of the transaction
30.08.2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. | ||||||||||||||||||||||||||||||||
| Language: | English |
| Company: | Douglas AG |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany |
| End of News | EQS News Service |
1. Details of the person discharging managerial responsibilities / person closely associated a) Name
2. Reason for the notification a) Position / status
b) Initial notification 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name
b) LEI
4. Details of the transaction(s) a) Description of the financial instrument, type of instrument, identification code
b) Nature of the transaction
c) Price(s) and volume(s)
d) Aggregated information
e) Date of the transaction
f) Place of the transaction
28.08.2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. | ||||||||||||||||||||||||||||||||
| Language: | English |
| Company: | Douglas AG |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany |
| End of News | EQS News Service |
1. Details of the person discharging managerial responsibilities / person closely associated a) Name
2. Reason for the notification a) Position / status
b) Initial notification 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name
b) LEI
4. Details of the transaction(s) a) Description of the financial instrument, type of instrument, identification code
b) Nature of the transaction
c) Price(s) and volume(s)
d) Aggregated information
e) Date of the transaction
f) Place of the transaction
27.08.2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. | ||||||||||||||||||||||||||||||||
| Language: | English |
| Company: | Douglas AG |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany |
| End of News | EQS News Service |
1. Details of the person discharging managerial responsibilities / person closely associated a) Name
2. Reason for the notification a) Position / status
b) Initial notification 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name
b) LEI
4. Details of the transaction(s) a) Description of the financial instrument, type of instrument, identification code
b) Nature of the transaction
c) Price(s) and volume(s)
d) Aggregated information
e) Date of the transaction
f) Place of the transaction
26.08.2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. | ||||||||||||||||||||||||||||||||
| Language: | English |
| Company: | Douglas AG |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany |
| End of News | EQS News Service |
1. Details of the person discharging managerial responsibilities / person closely associated a) Name
2. Reason for the notification a) Position / status
b) Initial notification 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name
b) LEI
4. Details of the transaction(s) a) Description of the financial instrument, type of instrument, identification code
b) Nature of the transaction
c) Price(s) and volume(s)
d) Aggregated information
e) Date of the transaction
f) Place of the transaction
23.08.2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. | ||||||||||||||||||||||||||||||||
| Language: | English |
| Company: | Douglas AG |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany |
| End of News | EQS News Service |
1. Details of the person discharging managerial responsibilities / person closely associated a) Name
2. Reason for the notification a) Position / status
b) Initial notification 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name
b) LEI
4. Details of the transaction(s) a) Description of the financial instrument, type of instrument, identification code
b) Nature of the transaction
c) Price(s) and volume(s)
d) Aggregated information
e) Date of the transaction
f) Place of the transaction
22.08.2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. | ||||||||||||||||||||||||||||||||
| Language: | English |
| Company: | Douglas AG |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany |
| End of News | EQS News Service |
1. Details of the person discharging managerial responsibilities / person closely associated a) Name
2. Reason for the notification a) Position / status
b) Initial notification 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name
b) LEI
4. Details of the transaction(s) a) Description of the financial instrument, type of instrument, identification code
b) Nature of the transaction
c) Price(s) and volume(s)
d) Aggregated information
e) Date of the transaction
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21.08.2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. | ||||||||||||||||||||||||||||||||
| Language: | English |
| Company: | Douglas AG |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany |
| End of News | EQS News Service |
1. Details of the person discharging managerial responsibilities / person closely associated a) Name
2. Reason for the notification a) Position / status
b) Initial notification 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name
b) LEI
4. Details of the transaction(s) a) Description of the financial instrument, type of instrument, identification code
b) Nature of the transaction
c) Price(s) and volume(s)
d) Aggregated information
e) Date of the transaction
f) Place of the transaction
20.08.2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. | ||||||||||||||||||||||||||||||||
| Language: | English |
| Company: | Douglas AG |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany |
| End of News | EQS News Service |
EQS-News: Douglas AG / Key word(s): Interim Report/9 Month figures Q3 Financial Year 2023/24 (April – June 2024) DOUGLAS Group continues strong financial and business performance in third quarter 2023/24
Düsseldorf, 14 August, 2024 – The DOUGLAS Group, Europe’s number one omnichannel destination for premium beauty, continued its strong financial and business performance in the third quarter of the financial year 2023/24 (April to June 2024) as it successfully further implements its “Let it Bloom” strategy. Since going public in March 2024, the company significantly deleveraged its balance sheet and strategically sharpened its profile as a customer-centric premium beauty retailer. In the third quarter of the financial year 2023/24, the DOUGLAS Group grew sales (net) by 7.3% to 977.1 million euros (Q3 22/23: 910.5 million euros), confirming preliminary numbers published 17 July 2024. Store sales (net) grew by 7.2% (lfl: +6.3%) and E-Com sales (net) 7.5% year-on-year (lfl: +9.8%) – underlining the Group’s uniquely positioned omnichannel business model. Sander van der Laan, CEO of the DOUGLAS Group, said: “Our sustained strong performance and continued growth – even above our expectations – demonstrate the resilience of our business model. Fully focusing on premium beauty is the right course for us, and this strategy strongly resonates with our customers. We’ll continue to build on this success and our strong brand.” High demand for on-site shopping and personal beauty advice DOUGLAS stores across Europe recorded a strong uplift in both visitors (+16.9%) and customers (+8.1%), emphasizing the important on-site experience and personal advice in beauty retail. The online business – which accounted for around one third of total Group sales – developed particularly well in DACHNL and CEE. The DOUGLAS Group has successfully completed the integration of parfumdreams logistics into the OWAC (OWAC = One Warehouse, All Channels) in Hamm, Germany. As a result of temporary operational challenges directly related to the integration, segment sales (net) of PD/NB decreased by -10.2%. For the future, the DOUGLAS Group anticipates a significant positive impact on cost efficiency, profitability and ultimately the customer experience due to the streamlined supply chain. From April to June 2024, the DOUGLAS Group achieved an adj. EBITDA of 162.9 million euros (Q3 22/23: 154.3 million euros), an improvement of 5.6% over the previous year. This corresponds to an adj. EBITDA margin of 16.7% (Q3 22/23: 16.9%). The financial result was impacted by negative one-off effects of around 85 million euros – around 31 million euros of which are cash effective – related to the redemption of secured notes and senior unsecured notes in April following the company’s IPO. Net income thus came in at -71.6 million euros (Q3 22/23: -26.1 million euros). Full-year sales guidance raised due to strong performance in the first nine months In the first nine months of the financial year (October 2023 to June 2024), Group sales (net) increased by 8.7% to around 3.5 billion euros (9M 22/23: around 3.2 billion euros). Growth was driven by both store sales (net) which rose by 8.2% (lfl: +7.4%) and E-Com which grew even stronger at 9.8% (lfl: +11.9%). In the same period, the Group generated an adj. EBITDA of 657.1 million euros, up 11.5% compared to the previous year and corresponding to an adj. EBITDA margin of 18.8% (9M 22/23: 18.4%). Free cash flow rose to 465.2 million euros. Following the sustained positive business development and strong sales (net) numbers for the third quarter and first nine months, the DOUGLAS Group has raised its outlook for the financial year 2023/24 on 17 July 2024. The company now expects net sales to grow around 8.5% (previously: around 7%). The Group is well on track to deliver its mid-term earnings guidance of an expected adj. EBITDA margin of around 18.5%, after 17.7% in the financial year 2022/23. Continuous development of store network – grand reopening in Vienna The store business is a key pillar and growth driver for the DOUGLAS Group; just recently it celebrated the reopening of its “House of Beauty” luxury flagship store in Vienna with a grand ceremony and a visit by Hollywood star and DOUGLAS Group testimonial Diane Kruger. The luxury store offers a strong and curated selection of brands and products as well as individual beauty services on two floors with a sales area of 795m². The company is on track to achieve its target of more than 200 store openings (net) and more than 400 store refurbishments by the end of 2026: In the first nine months of the financial year, it has opened 38 new stores and refurbished 69 existing ones (including relocations). 19 stores were closed in the same period, which included six franchise stores. Truly Beauty, truly Premium: DOUGLAS Group refines its profile In line with its growth strategy “Let it Bloom”, the DOUGLAS Group further sharpened its profile. With the sale of online pharmacy Disapo to Dutch MYA Health completed at the end of July, the Group now fully focusses on its resilient and fast-growing core premium beauty business where it strives to provide the best omnichannel shopping experience for its customers. To further enhance the DOUGLAS Group’s premium positioning across all channels and along all customer touchpoints, the Group websites including the online shop and apps will receive a new look and feel starting in early September, aligned with the premium appeal and identity of the DOUGLAS brand. The redesign aims to create an emotionally engaging and inspiring beauty experience for customers – no matter on which device they prefer to shop. Alongside the new interface and a standardized infrastructure, the online channels will be more closely interlinked with the DOUGLAS and NOCIBÉ stores, offering customers a true omnichannel shopping experience.
Overview Financial Results
Segment Overview: DACHNL (Germany / Austria / Switzerland, The Netherlands / Belgium), France (France, Monaco), Southern Europe (Croatia / Slovenia, Italy, Portugal, Spain / Andorra), Central Eastern Europe / CEE (Bulgaria / Romania, Czech Republic / Slovakia / Hungary, Estonia, Latvia, Lithuania, Poland), PD/NB (Parfumdreams / Niche Beauty)
About the DOUGLAS Group The DOUGLAS Group, with its commercial brands DOUGLAS, NOCIBÉ, Parfumdreams and Niche Beauty, is the number one omnichannel premium beauty destination in Europe. The DOUGLAS Group is inspiring customers to live their own kind of beauty by offering a unique assortment online and in around 1,870 stores. With unparalleled size and access to customers, the DOUGLAS Group is the partner of choice for brands and offers a premium range of selective and exclusive brands as well as own corporate brands. The assortment includes fragrances, color cosmetics, skin care, hair care, accessories as well as beauty services. Strengthening its successful omnichannel positioning while consistently developing superior customer experience is at the heart of the DOUGLAS Group strategy “Let it Bloom – DOUGLAS 2026”. The winning business model is underpinned by the Group’s omnichannel proposition, leading brands, and data capabilities. In the financial year 2022/23, the DOUGLAS Group generated sales (net) of 4.1 billion euros and employed around 18,000 people across Europe. The DOUGLAS Group (Douglas AG) is listed at the Frankfurt Stock Exchange. For further information please visit the DOUGLAS Group Website. Investor Contact Stefanie Steiner Press Contact Peter Wübben
14.08.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | Douglas AG |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany | |
| ISIN: | DE000BEAU7Y1 |
| WKN: | BEAU7Y |
| Indices: | SDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1967411 |
| End of News | EQS News Service |
EQS-News: Douglas AG / Key word(s): 9 Month figures/Conference Conference Call Invitation Conference call on the results for the 3rd quarter 2023/24 (ending 30 June 2024) on 14 August 2024Düsseldorf, 09 August 2024 – The DOUGLAS Group, Europe’s number one omnichannel destination for premium beauty, invites you to an analyst and investor update call on the third quarter 2023/24 on 14 August 2024.
The conference call on the results will be held at 11:00 a.m. CEST on 14 August 2024. To participate in the conference call, please make use of one of the following options:
About the DOUGLAS Group The DOUGLAS Group, with its commercial brands DOUGLAS, NOCIBÉ, Parfumdreams and Niche Beauty, is the number one omnichannel premium beauty destination in Europe. The DOUGLAS Group is inspiring customers to live their own kind of beauty by offering a unique assortment online and in around 1,870 stores. With unparalleled size and access to customers, the DOUGLAS Group is the partner of choice for brands and offers a premium range of selective and exclusive brands as well as own corporate brands. The assortment includes fragrances, color cosmetics, skin care, hair care, accessories as well as beauty services. Strengthening its successful omnichannel positioning while consistently developing superior customer experience is at the heart of the DOUGLAS Group strategy “Let it Bloom – DOUGLAS 2026”. The winning business model is underpinned by the Group’s omnichannel proposition, leading brands, and data capabilities. In the financial year 2022/23, the DOUGLAS Group generated sales (net) of 4.1 billion euros and employed around 18,000 people across Europe. The DOUGLAS Group (Douglas AG) is listed at the Frankfurt Stock Exchange. For further information please visit the DOUGLAS Group Website. Investor Contact Stefanie Steiner 09.08.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | Douglas AG |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany | |
| ISIN: | DE000BEAU7Y1 |
| WKN: | BEAU7Y |
| Indices: | SDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1964419 |
| End of News | EQS News Service |
Douglas AG / Preliminary announcement on the disclosure of financial statements Douglas AG hereby announces that the following financial reports shall be disclosed: Report Type: Quarterly/ Interim statement within the 2nd half-year Language: German Date of disclosure: August 14, 2024 Address: https://douglas.group/de/investoren/veroeffentlichungen Language: English Date of disclosure: August 14, 2024 Address: https://douglas.group/en/investors/publications 08.08.2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Douglas AG |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany |
| End of News | EQS News Service |
Douglas AG Notification of Major Holdings 1. Details of issuer
2. Reason for notification
3. Details of person subject to the notification obligation
4. Names of shareholder(s) holding directly 3% or more voting rights, if different from 3. 5. Date on which threshold was crossed or reached:
6. Total positions
7. Details on total positions a. Voting rights attached to shares (Sec. 33, 34 WpHG)
b.1. Instruments according to Sec. 38 (1) no. 1 WpHG
b.2. Instruments according to Sec. 38 (1) no. 2 WpHG
8. Information in relation to the person subject to the notification obligation
9. In case of proxy voting according to Sec. 34 para. 3 WpHG (only in case of attribution of voting rights in accordance with Sec. 34 para. 1 sent. 1 No. 6 WpHG) Date of general meeting: Holding total positions after general meeting (6.) after annual general meeting:
10. Other explanatory remarks: Date
23.07.2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Language: | English |
| Company: | Douglas AG |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany |
| End of News | EQS News Service |
Douglas AG Notification of Major Holdings 1. Details of issuer
2. Reason for notification
3. Details of person subject to the notification obligation
4. Names of shareholder(s) holding directly 3% or more voting rights, if different from 3.
5. Date on which threshold was crossed or reached:
6. Total positions
7. Details on total positions a. Voting rights attached to shares (Sec. 33, 34 WpHG)
b.1. Instruments according to Sec. 38 (1) no. 1 WpHG
b.2. Instruments according to Sec. 38 (1) no. 2 WpHG
8. Information in relation to the person subject to the notification obligation
9. In case of proxy voting according to Sec. 34 para. 3 WpHG (only in case of attribution of voting rights in accordance with Sec. 34 para. 1 sent. 1 No. 6 WpHG) Date of general meeting: Holding total positions after general meeting (6.) after annual general meeting:
10. Other explanatory remarks: Date
23.07.2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Language: | English |
| Company: | Douglas AG |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany |
| End of News | EQS News Service |
Douglas AG Notification of Major Holdings 1. Details of issuer
2. Reason for notification
3. Details of person subject to the notification obligation
4. Names of shareholder(s) holding directly 3% or more voting rights, if different from 3. 5. Date on which threshold was crossed or reached:
6. Total positions
7. Details on total positions a. Voting rights attached to shares (Sec. 33, 34 WpHG)
b.1. Instruments according to Sec. 38 (1) no. 1 WpHG
b.2. Instruments according to Sec. 38 (1) no. 2 WpHG
8. Information in relation to the person subject to the notification obligation
9. In case of proxy voting according to Sec. 34 para. 3 WpHG (only in case of attribution of voting rights in accordance with Sec. 34 para. 1 sent. 1 No. 6 WpHG) Date of general meeting: Holding total positions after general meeting (6.) after annual general meeting:
10. Other explanatory remarks: Date
17.07.2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Language: | English |
| Company: | Douglas AG |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany |
| End of News | EQS News Service |
EQS-News: Douglas AG / Key word(s): Development of Sales Trading Statement DOUGLAS Group raises sales forecast for the financial year 2023/24 and sells online pharmacy Disapo
Düsseldorf, 17 July, 2024 – The DOUGLAS Group, Europe’s number one omnichannel destination for premium beauty, has raised its sales (net) growth forecast for the current financial year from previously around 7% to around 8.5% following sustained positive business development and strong preliminary net sales numbers for the third quarter and first nine months. At the same time, the company is well on its way to deliver the mid-term earnings forecast of an expected adj. EBITDA margin of around 18.5%, after 17.7% in the financial year 22/23. In line with its strategy “Let it Bloom”, the DOUGLAS Group also pushes ahead with its strategic focus on the strongly growing core premium beauty business and is selling its online pharmacy Disapo to MYA Health B.V. Strong third quarter and first nine months of the financial year Based on preliminary numbers, the DOUGLAS Group continued its growth trajectory and increased sales (net) by 7.3% in the period from April to June 2024. The growth stems from a strong performance in both channels: while store sales (net) went up 7.2%, E-Com sales (net) grew 7.5%. In the first nine months (October 2023 – June 2024), Group sales (net) increased by 8.7% to 3.5 billion euros (PY: 3.2 billion euros). This growth was broad-based with store sales (net) rising by 8.2% and E-Com growing even stronger at 9.8%. The performance underscores the Group’s successful omnichannel model. Sander van der Laan, CEO of the DOUGLAS Group, said: “We have made excellent progress in recent years and months and increased our sales again in the third quarter. We are growing stronger than expected and continue to improve our profitability. This is exactly how we want to continue.” The full set of financial figures for the third quarter of the financial year will be published on 14 August 2024. Clear focus on premium beauty – sale of Disapo to MYA Health B.V. in final stages The due diligence has been successfully completed and the selling agreement for Disapo was signed by MYA Health B.V. on 16 July 2024. The transaction is expected to be closed by the end of July 2024. As a result of the sale of its online pharmacy business, the DOUGLAS Group anticipates improvements in its profitability in the future. The DOUGLAS Group had initially acquired Disapo in 2022 as part of its former strategy to enter the pharmacy market and converge beauty and health. With its new growth strategy “Let it Bloom – DOUGLAS 2026”, introduced in early 2023, the company has since made the fundamental decision to fully shift the focus on the resilient and strongly growing core premium beauty business across its stationary stores and online shops. As such, the DOUGLAS Group had been evaluating various strategic options for its online pharmacy business, eventually leading to the sale of Disapo to MYA Health. Disapo currently employs around 90 people. The sale of the company has no effect on employees and operations at this point in time. As a result of the transaction, MYA Health will acquire all shares and activities of Disapo, including inventories, the logistics center near Aachen and all assets and intellectual property. About Disapo and MYA Health Online pharmacy Disapo B.V. is headquartered in the Dutch city of Heerlen. Operating from its own logistics center near Aachen, Disapo ships a wide range of over-the-counter (OTC) and prescription pharmaceuticals as well as cosmetics and supplements. MYA Health, based in Amsterdam, operates a mobile app offering services around prescriptions and prescription medication, which was founded in 2021 by Christian-Alexander Vry and Dr. Daniel Lewinski. MYA Health is backed by a number of investors, including Fiege Logistics. The combination of MYA and Disapo creates an all-in-one digital offering for people who rely on prescription drugs.
About the DOUGLAS Group The DOUGLAS Group, with its commercial brands DOUGLAS, NOCIBÉ, Parfumdreams and Niche Beauty, is the number one omnichannel premium beauty destination in Europe. The DOUGLAS Group is inspiring customers to live their own kind of beauty by offering a unique assortment online and in around 1,860 stores. With unparalleled size and access to customers, the DOUGLAS Group is the partner of choice for brands and offers a premium range of selective and exclusive brands as well as own corporate brands. The assortment includes fragrances, color cosmetics, skin care, hair care, accessories as well as beauty services. Strengthening its successful omnichannel positioning while consistently developing superior customer experience is at the heart of the DOUGLAS Group strategy “Let it Bloom – DOUGLAS 2026”. The winning business model is underpinned by the Group’s omnichannel proposition, leading brands, and data capabilities. In the financial year 2022/23, the DOUGLAS Group generated sales (net) of 4.1 billion euros and employed around 18,000 people across Europe. The DOUGLAS Group (Douglas AG) is listed at the Frankfurt Stock Exchange. For further information please visit the DOUGLAS Group Website. Investor Contact Stefanie Steiner Press Contact Peter Wübben
17.07.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | Douglas AG |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany | |
| ISIN: | DE000BEAU7Y1 |
| WKN: | BEAU7Y |
| Indices: | SDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1947707 |
| End of News | EQS News Service |
Douglas AG Notification of Major Holdings 1. Details of issuer
2. Reason for notification
3. Details of person subject to the notification obligation
4. Names of shareholder(s) holding directly 3% or more voting rights, if different from 3. 5. Date on which threshold was crossed or reached:
6. Total positions
7. Details on total positions a. Voting rights attached to shares (Sec. 33, 34 WpHG)
b.1. Instruments according to Sec. 38 (1) no. 1 WpHG
b.2. Instruments according to Sec. 38 (1) no. 2 WpHG
8. Information in relation to the person subject to the notification obligation
9. In case of proxy voting according to Sec. 34 para. 3 WpHG (only in case of attribution of voting rights in accordance with Sec. 34 para. 1 sent. 1 No. 6 WpHG) Date of general meeting: Holding total positions after general meeting (6.) after annual general meeting:
10. Other explanatory remarks: Date
04.07.2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Language: | English |
| Company: | Douglas AG |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany |
| End of News | EQS News Service |
Douglas AG Notification of Major Holdings 1. Details of issuer
2. Reason for notification
3. Details of person subject to the notification obligation
4. Names of shareholder(s) holding directly 3% or more voting rights, if different from 3.
5. Date on which threshold was crossed or reached:
6. Total positions
7. Details on total positions a. Voting rights attached to shares (Sec. 33, 34 WpHG)
b.1. Instruments according to Sec. 38 (1) no. 1 WpHG
b.2. Instruments according to Sec. 38 (1) no. 2 WpHG
8. Information in relation to the person subject to the notification obligation
9. In case of proxy voting according to Sec. 34 para. 3 WpHG (only in case of attribution of voting rights in accordance with Sec. 34 para. 1 sent. 1 No. 6 WpHG) Date of general meeting: Holding total positions after general meeting (6.) after annual general meeting:
10. Other explanatory remarks: Date
04.07.2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Language: | English |
| Company: | Douglas AG |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany |
| End of News | EQS News Service |
1. Details of the person discharging managerial responsibilities / person closely associated a) Name
2. Reason for the notification a) Position / status
b) Initial notification 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name
b) LEI
4. Details of the transaction(s) a) Description of the financial instrument, type of instrument, identification code
b) Nature of the transaction
c) Price(s) and volume(s)
d) Aggregated information
e) Date of the transaction
f) Place of the transaction
01.07.2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. | ||||||||||||||||||||||||||||||||
| Language: | English |
| Company: | Douglas AG |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany |
| End of News | EQS News Service |
1. Details of the person discharging managerial responsibilities / person closely associated a) Name
2. Reason for the notification a) Position / status
b) Initial notification 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name
b) LEI
4. Details of the transaction(s) a) Description of the financial instrument, type of instrument, identification code
b) Nature of the transaction
c) Price(s) and volume(s)
d) Aggregated information
e) Date of the transaction
f) Place of the transaction
19.06.2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. | ||||||||||||||||||||||||||||||||
| Language: | English |
| Company: | Douglas AG |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany |
| End of News | EQS News Service |
1. Details of the person discharging managerial responsibilities / person closely associated a) Name
2. Reason for the notification a) Position / status
b) Initial notification 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name
b) LEI
4. Details of the transaction(s) a) Description of the financial instrument, type of instrument, identification code
b) Nature of the transaction
c) Price(s) and volume(s)
d) Aggregated information
e) Date of the transaction
f) Place of the transaction
19.06.2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. | ||||||||||||||||||||||||||||||||
| Language: | English |
| Company: | Douglas AG |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany |
| End of News | EQS News Service |
1. Details of the person discharging managerial responsibilities / person closely associated a) Name
2. Reason for the notification a) Position / status
b) Initial notification 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name
b) LEI
4. Details of the transaction(s) a) Description of the financial instrument, type of instrument, identification code
b) Nature of the transaction
c) Price(s) and volume(s)
d) Aggregated information
e) Date of the transaction
f) Place of the transaction
19.06.2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. | ||||||||||||||||||||||||||||||||
| Language: | English |
| Company: | Douglas AG |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany |
| End of News | EQS News Service |
Douglas AG Notification of Major Holdings 1. Details of issuer
2. Reason for notification
3. Details of person subject to the notification obligation
4. Names of shareholder(s) holding directly 3% or more voting rights, if different from 3. 5. Date on which threshold was crossed or reached:
6. Total positions
7. Details on total positions a. Voting rights attached to shares (Sec. 33, 34 WpHG)
b.1. Instruments according to Sec. 38 (1) no. 1 WpHG
b.2. Instruments according to Sec. 38 (1) no. 2 WpHG
8. Information in relation to the person subject to the notification obligation
9. In case of proxy voting according to Sec. 34 para. 3 WpHG (only in case of attribution of voting rights in accordance with Sec. 34 para. 1 sent. 1 No. 6 WpHG) Date of general meeting: Holding total positions after general meeting (6.) after annual general meeting:
10. Other explanatory remarks: Date
19.06.2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Language: | English |
| Company: | Douglas AG |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany |
| End of News | EQS News Service |
1. Details of the person discharging managerial responsibilities / person closely associated a) Name
2. Reason for the notification a) Position / status
b) Amendment
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name
b) LEI
4. Details of the transaction(s) a) Description of the financial instrument, type of instrument, identification code
b) Nature of the transaction
c) Price(s) and volume(s)
d) Aggregated information
e) Date of the transaction
f) Place of the transaction
06.06.2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Douglas AG |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany |
| End of News | EQS News Service |
1. Details of the person discharging managerial responsibilities / person closely associated a) Name
2. Reason for the notification a) Position / status
b) Amendment
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name
b) LEI
4. Details of the transaction(s) a) Description of the financial instrument, type of instrument, identification code
b) Nature of the transaction
c) Price(s) and volume(s)
d) Aggregated information
e) Date of the transaction
f) Place of the transaction
06.06.2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Douglas AG |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany |
| End of News | EQS News Service |
1. Details of the person discharging managerial responsibilities / person closely associated a) Name
2. Reason for the notification a) Position / status
b) Amendment
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name
b) LEI
4. Details of the transaction(s) a) Description of the financial instrument, type of instrument, identification code
b) Nature of the transaction
c) Price(s) and volume(s)
d) Aggregated information
e) Date of the transaction
f) Place of the transaction
06.06.2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Douglas AG |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany |
| End of News | EQS News Service |
1. Details of the person discharging managerial responsibilities / person closely associated a) Name
2. Reason for the notification a) Position / status
b) Initial notification 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name
b) LEI
4. Details of the transaction(s) a) Description of the financial instrument, type of instrument, identification code
b) Nature of the transaction
c) Price(s) and volume(s)
d) Aggregated information
e) Date of the transaction
f) Place of the transaction
05.06.2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Language: | English |
| Company: | Douglas AG |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany |
| End of News | EQS News Service |
1. Details of the person discharging managerial responsibilities / person closely associated a) Name
2. Reason for the notification a) Position / status
b) Initial notification 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name
b) LEI
4. Details of the transaction(s) a) Description of the financial instrument, type of instrument, identification code
b) Nature of the transaction
c) Price(s) and volume(s)
d) Aggregated information
e) Date of the transaction
f) Place of the transaction
05.06.2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. | ||||||||||||||||||||||||||||||||||||||
| Language: | English |
| Company: | Douglas AG |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany |
| End of News | EQS News Service |
1. Details of the person discharging managerial responsibilities / person closely associated a) Name
2. Reason for the notification a) Position / status
b) Initial notification 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name
b) LEI
4. Details of the transaction(s) a) Description of the financial instrument, type of instrument, identification code
b) Nature of the transaction
c) Price(s) and volume(s)
d) Aggregated information
e) Date of the transaction
f) Place of the transaction
05.06.2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Language: | English |
| Company: | Douglas AG |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany |
| End of News | EQS News Service |
1. Details of the person discharging managerial responsibilities / person closely associated a) Name
2. Reason for the notification a) Position / status
b) Initial notification 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name
b) LEI
4. Details of the transaction(s) a) Description of the financial instrument, type of instrument, identification code
b) Nature of the transaction
c) Price(s) and volume(s)
d) Aggregated information
e) Date of the transaction
f) Place of the transaction
05.06.2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Douglas AG |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany |
| End of News | EQS News Service |
1. Details of the person discharging managerial responsibilities / person closely associated a) Name
2. Reason for the notification a) Position / status
b) Initial notification 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name
b) LEI
4. Details of the transaction(s) a) Description of the financial instrument, type of instrument, identification code
b) Nature of the transaction
c) Price(s) and volume(s)
d) Aggregated information
e) Date of the transaction
f) Place of the transaction
05.06.2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Douglas AG |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany |
| End of News | EQS News Service |
1. Details of the person discharging managerial responsibilities / person closely associated a) Name
2. Reason for the notification a) Position / status
b) Initial notification 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name
b) LEI
4. Details of the transaction(s) a) Description of the financial instrument, type of instrument, identification code
b) Nature of the transaction
c) Price(s) and volume(s)
d) Aggregated information
e) Date of the transaction
f) Place of the transaction
05.06.2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Douglas AG |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany |
| End of News | EQS News Service |
Douglas AG Notification of Major Holdings 1. Details of issuer
2. Reason for notification
3. Details of person subject to the notification obligation
4. Names of shareholder(s) holding directly 3% or more voting rights, if different from 3.
5. Date on which threshold was crossed or reached:
6. Total positions
7. Details on total positions a. Voting rights attached to shares (Sec. 33, 34 WpHG)
b.1. Instruments according to Sec. 38 (1) no. 1 WpHG
b.2. Instruments according to Sec. 38 (1) no. 2 WpHG
8. Information in relation to the person subject to the notification obligation
9. In case of proxy voting according to Sec. 34 para. 3 WpHG (only in case of attribution of voting rights in accordance with Sec. 34 para. 1 sent. 1 No. 6 WpHG) Date of general meeting: Holding total positions after general meeting (6.) after annual general meeting:
10. Other explanatory remarks: Date
04.06.2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Language: | English |
| Company: | Douglas AG |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany |
| End of News | EQS News Service |
EQS-News: Douglas AG / Key word(s): Half Year Results Q2 Financial Year 2023/24 (January – March 2024) DOUGLAS Group accelerates sales growth, improves profitability and increases financial flexibility
Düsseldorf, 29 May, 2024 – The DOUGLAS Group, Europe’s number one omnichannel destination for premium beauty, continued to grow profitably in the second quarter of the financial year 2023/24 (January – March 2024) and accelerated its trajectory with double-digit offline and online growth. Confirming preliminary numbers published 15 April 2024, the DOUGLAS Group grew overall sales (net) by 11.5% to around 958 million euros (Q2 2022/23: nearly 860 million euros). Both stores and E-Com developed well: Store sales (net) increased by 11.9% (lfl: +10.8%) and E-Com sales (net) by 10.7% (lfl: +10.4%). Keeping their growth momentum, Group sales have now increased for eleven consecutive quarters. Sander van der Laan, CEO of the DOUGLAS Group, said: “We have confirmed our trend and market position with a strong second quarter and good performance in all our segments. Our omnichannel model continues to drive our growth while we kept costs under control and thus further improved our profitability. Beyond that, our recent refinancing greatly expanded our financial flexibility. All of this puts us in an excellent spot to meet our annual and mid-term guidance.” In the second quarter of the financial year 2023/24, the DOUGLAS Group continued to improve its profitability and generated an adj. EBITDA of 145.9 million euros (Q2 2022/23: 125.5 million euros), a rise of 16.2% compared to the previous year. This corresponds to an adj. EBITDA margin of 15.2%, an increase of 0.6 percentage points year-on-year. All segments contributed to overall sales (net) and adj. EBITDA growth. Net income from January to March came in at ‑41.3 million euros (Q2 2022/23: -42.2 million euros) and was affected by a number of non-recurring effects, including expenses in connection with the DOUGLAS Group’s IPO at the Frankfurt Stock Exchange in March 2024 and a positive one-off effect in the financial result due to the valuation of bonds and related assets. Strong momentum in first six months of the financial year From October 2023 to March 2024, the DOUGLAS Group achieved net sales of around 2.5 billion euros (+9.3%) and generated an adj. EBITDA of 494.2 million euros, a considerable increase of 13.6% compared to the same period in the financial year 2022/2023. On a half-year basis, store sales (net) increased by 8.6% (lfl: +7.7%) and E-Com sales (net) by 10.7% (lfl: +10.5%), demonstrating the resilience of the omnichannel model and sustained customer demand both offline and online. Net income in the first six months was at 83.9 million euros (H1 2022/23: 71.0 million euros), up 18.1% year-on-year. In addition to the IPO costs, mainly incurred in the second quarter, the half-year was affected by non-recurring effects in the financial result. Free cash flow amounted to 363.4 million euros compared to 237.8 million euros in the previous year. In April 2024, following its listing on the Frankfurt Stock Exchange, the DOUGLAS Group completed a comprehensive refinancing and reduced its net debt by around 1.3 billion euros through the primary proceeds from the IPO, an equity injection by CVC and the Kreke family as well as available liquidity. The new financing comes with improved conditions leading to an expected reduction of yearly interest expenses of up to 100 million euros. The leverage ratio has decreased significantly within a year from 5.0x per 31.03.2023 to 2.7x as of 31.03.2024. The company remains committed to further deleveraging and accordingly expects a positive impact on the future net income. “Let it Bloom – DOUGLAS 2026” implementation well on track The strong development in recent quarters has been visibly supported by the ongoing implementation of "Let it Bloom". The DOUGLAS Group has recently taken further strategic decisions and passed several key milestones which it expects to drive the positive momentum:
DOUGLAS Group confirms outlook for financial year 2023/24 The DOUGLAS Group forecasts sales (net) to increase by around 7% in the financial year 2023/24 and also mid-term, driven by both channels with an anticipated increase of store sales (net) in the mid-single-digit range and an anticipated increase of E-Com sales (net) in the high-single-digit range. EBITDA is developing positively, in line with the target to develop to an adj. EBITDA margin of around 18.5%. With the results achieved in the first half of the financial year 2023/24, the DOUGLAS Group is well positioned to deliver on this guidance and achieve both this year’s targets as well as the mid-term expectations.
Overview Financial Results
* As of 31 March 2024, only parts of the IPO proceeds as well as the equity injection have been used to repay financial debt. The full refinancing became effective on 15 April 2024. Segment Overview: DACHNL (Austria, Belgium, Germany, Switzerland, The Netherlands), France (France, Monaco), Southern Europe (Andorra, Croatia, Italy, Portugal, Slovenia, Spain), Central Eastern Europe / CEE (Bulgaria, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia), PD/NB (Parfumdreams, Niche Beauty)
About the DOUGLAS Group The DOUGLAS Group, with its commercial brands DOUGLAS, NOCIBÉ, Parfumdreams and Niche Beauty, is the number one omnichannel premium beauty destination in Europe. The DOUGLAS Group is inspiring customers to live their own kind of beauty by offering a unique assortment online and in around 1,860 stores. With unparalleled size and access to customers, the DOUGLAS Group is the partner of choice for brands and offers a premium range of selective and exclusive brands as well as own corporate brands. The assortment includes fragrances, color cosmetics, skin care, hair care, accessories as well as beauty services. Strengthening its successful omnichannel positioning while consistently developing superior customer experience is at the heart of the DOUGLAS Group strategy “Let it Bloom – DOUGLAS 2026”. The winning business model is underpinned by the Group’s omnichannel proposition, leading brands, and data capabilities. In the financial year 2022/23, the DOUGLAS Group generated sales (net) of 4.1 billion euros and employed around 18,000 people across Europe. The DOUGLAS Group (Douglas AG) is listed at the Frankfurt Stock Exchange. For further information please visit the DOUGLAS Group Website. Investor Contact Stefanie Steiner
Peter Wübben 29.05.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | Douglas AG |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany | |
| ISIN: | DE000BEAU7Y1 |
| WKN: | BEAU7Y |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1913029 |
| End of News | EQS News Service |
Douglas AG Notification of Major Holdings 1. Details of issuer
2. Reason for notification
3. Details of person subject to the notification obligation
4. Names of shareholder(s) holding directly 3% or more voting rights, if different from 3. 5. Date on which threshold was crossed or reached:
6. Total positions
7. Details on total positions a. Voting rights attached to shares (Sec. 33, 34 WpHG)
b.1. Instruments according to Sec. 38 (1) no. 1 WpHG
b.2. Instruments according to Sec. 38 (1) no. 2 WpHG
8. Information in relation to the person subject to the notification obligation
9. In case of proxy voting according to Sec. 34 para. 3 WpHG (only in case of attribution of voting rights in accordance with Sec. 34 para. 1 sent. 1 No. 6 WpHG) Date of general meeting: Holding total positions after general meeting (6.) after annual general meeting:
10. Other explanatory remarks: Date
27.05.2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Language: | English |
| Company: | Douglas AG |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany |
| End of News | EQS News Service |
Douglas AG Notification of Major Holdings 1. Details of issuer
2. Reason for notification
3. Details of person subject to the notification obligation
4. Names of shareholder(s) holding directly 3% or more voting rights, if different from 3.
5. Date on which threshold was crossed or reached:
6. Total positions
7. Details on total positions a. Voting rights attached to shares (Sec. 33, 34 WpHG)
b.1. Instruments according to Sec. 38 (1) no. 1 WpHG
b.2. Instruments according to Sec. 38 (1) no. 2 WpHG
8. Information in relation to the person subject to the notification obligation
9. In case of proxy voting according to Sec. 34 para. 3 WpHG (only in case of attribution of voting rights in accordance with Sec. 34 para. 1 sent. 1 No. 6 WpHG) Date of general meeting: Holding total positions after general meeting (6.) after annual general meeting:
10. Other explanatory remarks: Date
23.05.2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Language: | English |
| Company: | Douglas AG |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany |
| End of News | EQS News Service |
EQS-News: Douglas AG / Key word(s): Conference/Half Year Results Conference Call Invitation Conference call on the results for the 2nd quarter 2023/24 (ending 31 March 2024) on 29 May 2024 Düsseldorf, 23 May, 2024 – The DOUGLAS Group, Europe’s number one omnichannel destination for premium beauty, invites you to an analyst and investor update call on the second quarter 2023/24 on 29 March 2024. The conference call on the results will be held at 11:00 a.m. CEST on 29 May 2024. To participate in the conference call, please make use of one of the following options:
About the DOUGLAS Group The DOUGLAS Group, with its commercial brands DOUGLAS, NOCIBÉ, Parfumdreams and Niche Beauty, is the number one omnichannel premium beauty destination in Europe. The DOUGLAS Group is inspiring customers to live their own kind of beauty by offering a unique assortment online and in around 1,850 stores. With unparalleled size and access to customers, the DOUGLAS Group is the partner of choice for brands and offers a premium range of selective and exclusive brands as well as own corporate brands. The assortment includes fragrances, color cosmetics, skin care, hair care, accessories as well as beauty services. Strengthening its successful omnichannel positioning while consistently developing superior customer experience is at the heart of the DOUGLAS Group strategy “Let it Bloom – DOUGLAS 2026”. The winning business model is underpinned by the Group’s omnichannel proposition, leading brands, and data capabilities. In the financial year 2022/23, the DOUGLAS Group generated sales (net) of 4.1 billion euros and employed around 18,000 people across Europe. The DOUGLAS Group (Douglas AG) is listed at the Frankfurt Stock Exchange. For further information please visit the DOUGLAS Group Website.
Stefanie Steiner 23.05.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | Douglas AG |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany | |
| ISIN: | DE000BEAU7Y1 |
| WKN: | BEAU7Y |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1910039 |
| End of News | EQS News Service |
Douglas AG / Preliminary announcement on the disclosure of financial statements Douglas AG hereby announces that the following financial reports shall be disclosed: Report Type: Financial report of the group (half-year/Q2) Language: German Date of disclosure: May 29, 2024 Address: https://douglas.group/de/investoren/veroeffentlichungen#veroeffentlichungen Language: English Date of disclosure: May 29, 2024 Address: https://douglas.group/en/investors/publications 20.05.2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Douglas AG |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany |
| End of News | EQS News Service |
Douglas AG Notification of Major Holdings 1. Details of issuer
2. Reason for notification
3. Details of person subject to the notification obligation
4. Names of shareholder(s) holding directly 3% or more voting rights, if different from 3.
5. Date on which threshold was crossed or reached:
6. Total positions
7. Details on total positions a. Voting rights attached to shares (Sec. 33, 34 WpHG)
b.1. Instruments according to Sec. 38 (1) no. 1 WpHG
b.2. Instruments according to Sec. 38 (1) no. 2 WpHG
8. Information in relation to the person subject to the notification obligation
9. In case of proxy voting according to Sec. 34 para. 3 WpHG (only in case of attribution of voting rights in accordance with Sec. 34 para. 1 sent. 1 No. 6 WpHG) Date of general meeting: Holding total positions after general meeting (6.) after annual general meeting:
10. Other explanatory remarks:
Date
10.05.2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Language: | English |
| Company: | Douglas AG |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany |
| End of News | EQS News Service |
Douglas AG Notification of Major Holdings 1. Details of issuer
2. Reason for notification
3. Details of person subject to the notification obligation
4. Names of shareholder(s) holding directly 3% or more voting rights, if different from 3.
5. Date on which threshold was crossed or reached:
6. Total positions
7. Details on total positions a. Voting rights attached to shares (Sec. 33, 34 WpHG)
b.1. Instruments according to Sec. 38 (1) no. 1 WpHG
b.2. Instruments according to Sec. 38 (1) no. 2 WpHG
8. Information in relation to the person subject to the notification obligation
9. In case of proxy voting according to Sec. 34 para. 3 WpHG (only in case of attribution of voting rights in accordance with Sec. 34 para. 1 sent. 1 No. 6 WpHG) Date of general meeting: Holding total positions after general meeting (6.) after annual general meeting:
10. Other explanatory remarks:
Date
10.05.2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Language: | English |
| Company: | Douglas AG |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany |
| End of News | EQS News Service |
EQS-News: Douglas AG / Key word(s): Financing THIS ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO SELL OR ISSUE, OR ANY SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY SECURITIES OF DOUGLAS AG, KIRK BEAUTY SUN GMBH OR DOUGLAS SERVICE GMBH. NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, SOUTH AFRICA, JAPAN OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR REQUIRE REGISTRATION OR ANY OTHER MEASURES.
Comprehensive Refinancing Strong financial foundation: DOUGLAS Group reduces net debt by 1 billion euros and increases financial flexibility
Düsseldorf, 15 April 2024 – The DOUGLAS Group, Europe’s number one omnichannel premium beauty destination, has paved the way for the future with a comprehensive refinancing. Following its listing on the Frankfurt Stock Exchange at the end of March, the company had already used the proceeds and a capital injection to partially prepay an existing facilities agreement in the amount of 675 million euros (nominal). In a second step, with today’s drawing of 1.3 billion euros under the new financing of in total 1.6 billion euros, the Group now redeemed the remaining existing financial indebtedness. As a result of the refinancing, the leverage ratio decreased significantly from previously 4.0x to approx. 2.7x. The new financing reduces the interest rate from around 8% to a range of 5.5% to 6.5%. As a result, annual interest payments are expected to be reduced by up to 100 million euros. “With this important step, we have established a strong financial foundation for the coming years,” said Mark Langer, CFO of the DOUGLAS Group. “At the same time, we are in a position to make investments from our cashflow into our successful business model and future growth. It is our firm goal to further reduce our debt and to start paying dividends in the medium term. This is what we are consistently working towards.” New financing of 1.6 billion euros The new financing includes a term loan facility of 800 million euros (interest rate: EURIBOR + 2.75% initial margin) with a term of five years and a bridge facility of 450 million euros (interest rate: EURIBOR + 2.25% initial margin) with a term of twelve months, which can be extended twice by six months each without further approval of the banks. The DOUGLAS Group has further secured a revolving credit facility (RCF) of 350 million euros, of which 50 million euros had been drawn today. With today’s refinancing, the company fully redeemed senior secured notes in a nominal amount of 1.305 billion euros and senior unsecured notes in a nominal amount of approx. 567 million euros and continues its path towards debt reduction: After 4.7x per 30.09.2023 and 4.0x per 31.12.2023, the leverage ratio is now at approx. 2.7x (calculated on adjusted EBITDA (LTM) and liquidity as of 31.12.2023). The new financing was signed on 8 March 2024 and also includes a so-called “ESG Rendezvous-Clause” which allows to directly link the interest margin to specific sustainability KPIs. These will be defined between the syndicate banks and the DOUGLAS Group. The bank consortium consists of 15 banks, with UniCredit Bank GmbH acting as documentation agent. Sales growth trend accelerated in the second quarter The DOUGLAS Group accelerated its growth trajectory in the recently completed second quarter of the financial year 2023/24. Group sales (net) increased by 11.5% based on preliminary and unaudited figures. Total growth was backed by strong development in all areas and consistent performance of the omnichannel business model. While store sales improved by 12.0%, E‑Commerce sales also rose double-digit by 10.7%. All segments contributed positively to the overall sales increase and continued to grow vs. prior year in the first half of the financial year. Sander van der Laan, CEO of the DOUGLAS Group, said: “After a very good start to the financial year during the Christmas period, we have followed up with another excellent quarter: The results for the first three months of the 2024 calendar year are an impressive demonstration of the attractiveness of our offering, our exceptional customer loyalty and the resilience of our omnichannel model. This also marks eleven consecutive quarters of total sales growth – a clear sign that we’re on the right track.” The full financial figures for the second quarter and first half of the financial year will be published on 29 May 2024.
About the DOUGLAS Group The DOUGLAS Group, with its commercial brands DOUGLAS, NOCIBÉ, Parfumdreams and Niche Beauty, is the number one omnichannel premium beauty destination in Europe. The DOUGLAS Group is inspiring customers to live their own kind of beauty by offering a unique assortment online and in around 1,850 stores. With unparalleled size and access to customers, the DOUGLAS Group is the partner of choice for brands and offers a premium range of selective and exclusive brands as well as own corporate brands. The assortment includes fragrances, color cosmetics, skin care, hair care, accessories as well as beauty services. Strengthening its successful omnichannel positioning while consistently developing superior customer experience is at the heart of the DOUGLAS Group strategy “Let it Bloom – DOUGLAS 2026”. The winning business model is underpinned by the Group’s omnichannel proposition, leading brands, and data capabilities. In the financial year 2022/23, the DOUGLAS Group generated sales (net) of 4.1 billion euros and employed around 18,000 people across Europe. For more information visit the DOUGLAS Group website. Investor Relations Contact Stefanie Steiner Press Contact Peter Wübben Cautionary Statement This announcement does not contain or constitute an offer of, or the solicitation of an offer to buy or subscribe for, securities to any person in the United States, Australia, Canada, South Africa, Japan or in any jurisdiction to whom or in which such offer or solicitation is unlawful. Neither this announcement nor the publication in which it is contained is for publication or distribution, directly or indirectly, in whole or in part, in or into the United States of America, including its territories and possessions, any state of the United States and the District of Columbia (the “United States”). The information in this announcement does not contain or constitute an offer to acquire, subscribe or otherwise trade in securities in DOUGLAS AG, Kirk Beauty SUN GmbH or Douglas GmbH in any jurisdiction. Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or the securities laws of any state or other jurisdiction of the United States, and may not be offered, subscribed, used, pledged, sold, resold, allotted, delivered or otherwise transferred, directly or indirectly, in or into the United States absent such registration, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements under the Securities Act, in each case in compliance with any applicable securities laws of any state or other jurisdiction of the United States. There will be no public offer of the securities in the United States. In member states of the European Economic Area (other than Germany), this announcement is only addressed to and directed at persons who are “qualified investors” within the meaning of Article 2(e) of the Prospectus Regulation. In the United Kingdom, this announcement is only addressed to and directed at persons who are “qualified investors” within the meaning of Article 2 of the Prospectus Regulation (Regulation (EU) 2017/1129 and amendments thereto) as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018 and who (i) have professional experience in matters relating to investments falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Order”) or (ii) are high net worth entities falling within article 49(2)(a) to (d) of the Order (all such persons being referred to as “relevant persons”). In the United Kingdom, this announcement is directed only at relevant persons. Any person who is not a relevant person should not act or rely on this announcement or any of its contents. Any investment or investment activity to which this announcement relates is available only to relevant persons and will be engaged in only with relevant persons and it should not be relied on by anyone other than a relevant person. This announcement may contain forward-looking statements. These forward looking statements can be identified by the use of forward looking terminology, including words such as “intend”, “expect”, “anticipate”, “may”, “believe”, “plan”, “estimate”, “will” and other expressions which imply indications or predictions of future development or trends, and which are not based on historical facts. Forward-looking statements inherently involve both known and unknown risks and uncertainties as they depend on future events and circumstances. Forward-looking statements do not guarantee future results or developments and the actual outcome could differ materially from the forward-looking statements. [1] Leverage = net debt / adjusted EBITDA for the twelve-month period ended as of the reporting date 15.04.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | Douglas AG |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany | |
| ISIN: | DE000BEAU7Y1 |
| WKN: | BEAU7Y |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1880757 |
| End of News | EQS News Service |
EQS-News: Douglas AG / Key word(s): Miscellaneous THIS ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO SELL OR ISSUE, OR ANY SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY SECURITIES OF DOUGLAS AG, KIRK BEAUTY SUN GMBH OR DOUGLAS SERVICE GMBH. NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, SOUTH AFRICA, JAPAN OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR REQUIRE REGISTRATION OR ANY OTHER MEASURES. Douglas AG announces satisfaction of transaction conditions Düsseldorf, 15 April 2024 – The DOUGLAS Group announced today the satisfaction of all Transaction Conditions stated in the notices of redemption issued on April 5, 2024, to holders of (i) the 6.000% Senior Secured Notes due 2026 issued by Douglas Service GmbH (formerly Douglas GmbH) (the “2026 Notes”) and (ii) the 8.250% (Cash Interest) / 9.000% (PIK Interest) Senior PIK Notes due 2026 issued by Kirk Beauty SUN GmbH (the “PIK Notes” and, together with the 2026 Notes, the “Notes”) (the “Notices of Redemption”). On March 25, 2024, the initial public offering of capital stock of Douglas AG was completed. With the drawing of funds under the EUR 1,600 million term and revolving facilities agreement today, the Transaction Conditions as set out in the Notices of Redemption have been satisfied and the redemption of the Notes will proceed as previously described in such notices.
About the DOUGLAS Group The DOUGLAS Group, with its commercial brands DOUGLAS, NOCIBÉ, Parfumdreams and Niche Beauty, is the number one omnichannel premium beauty destination in Europe. The DOUGLAS Group is inspiring customers to live their own kind of beauty by offering a unique assortment online and in around 1,850 stores. With unparalleled size and access to customers, the DOUGLAS Group is the partner of choice for brands and offers a premium range of selective and exclusive brands as well as own corporate brands. The assortment includes fragrances, color cosmetics, skin care, hair care, accessories as well as beauty services. Strengthening its successful omnichannel positioning while consistently developing superior customer experience is at the heart of the DOUGLAS Group strategy “Let it Bloom – DOUGLAS 2026”. The winning business model is underpinned by the Group’s omnichannel proposition, leading brands, and data capabilities. In the financial year 2022/23, the DOUGLAS Group generated sales (net) of 4.1 billion euro and employed around 18,000 people across Europe. For more information visit the DOUGLAS Group website. Investor Relations Contact Stefanie Steiner Press Contact Peter Wübben Cautionary Statement This announcement does not contain or constitute an offer of, or the solicitation of an offer to buy or subscribe for, securities to any person in the United States, Australia, Canada, South Africa, Japan or in any jurisdiction to whom or in which such offer or solicitation is unlawful. Neither this announcement nor the publication in which it is contained is for publication or distribution, directly or indirectly, in whole or in part, in or into the United States of America, including its territories and possessions, any state of the United States and the District of Columbia (the “United States”). The information in this announcement does not contain or constitute an offer to acquire, subscribe or otherwise trade in securities in DOUGLAS AG, Kirk Beauty SUN GmbH or Douglas GmbH in any jurisdiction. Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or the securities laws of any state or other jurisdiction of the United States, and may not be offered, subscribed, used, pledged, sold, resold, allotted, delivered or otherwise transferred, directly or indirectly, in or into the United States absent such registration, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements under the Securities Act, in each case in compliance with any applicable securities laws of any state or other jurisdiction of the United States. There will be no public offer of the securities in the United States. In member states of the European Economic Area (other than Germany), this announcement is only addressed to and directed at persons who are “qualified investors” within the meaning of Article 2(e) of the Prospectus Regulation. In the United Kingdom, this announcement is only addressed to and directed at persons who are “qualified investors” within the meaning of Article 2 of the Prospectus Regulation (Regulation (EU) 2017/1129 and amendments thereto) as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018 and who (i) have professional experience in matters relating to investments falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Order”) or (ii) are high net worth entities falling within article 49(2)(a) to (d) of the Order (all such persons being referred to as “relevant persons”). In the United Kingdom, this announcement is directed only at relevant persons. Any person who is not a relevant person should not act or rely on this announcement or any of its contents. Any investment or investment activity to which this announcement relates is available only to relevant persons and will be engaged in only with relevant persons and it should not be relied on by anyone other than a relevant person. This announcement may contain forward-looking statements. These forward looking statements can be identified by the use of forward looking terminology, including words such as “intend”, “expect”, “anticipate”, “may”, “believe”, “plan”, “estimate”, “will” and other expressions which imply indications or predictions of future development or trends, and which are not based on historical facts. Forward-looking statements inherently involve both known and unknown risks and uncertainties as they depend on future events and circumstances. Forward-looking statements do not guarantee future results or developments and the actual outcome could differ materially from the forward-looking statements. 15.04.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | Douglas AG |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany | |
| ISIN: | DE000BEAU7Y1 |
| WKN: | BEAU7Y |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1880573 |
| End of News | EQS News Service |
Douglas AG Notification of Major Holdings 1. Details of issuer
2. Reason for notification
3. Details of person subject to the notification obligation
4. Names of shareholder(s) holding directly 3% or more voting rights, if different from 3. 5. Date on which threshold was crossed or reached:
6. Total positions
7. Details on total positions a. Voting rights attached to shares (Sec. 33, 34 WpHG)
b.1. Instruments according to Sec. 38 (1) no. 1 WpHG
b.2. Instruments according to Sec. 38 (1) no. 2 WpHG
8. Information in relation to the person subject to the notification obligation
9. In case of proxy voting according to Sec. 34 para. 3 WpHG (only in case of attribution of voting rights in accordance with Sec. 34 para. 1 sent. 1 No. 6 WpHG) Date of general meeting: Holding total positions after general meeting (6.) after annual general meeting:
10. Other explanatory remarks: Date
26.03.2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Language: | English |
| Company: | Douglas AG |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany |
| End of News | EQS News Service |
Douglas AG Notification of Major Holdings 1. Details of issuer
2. Reason for notification
3. Details of person subject to the notification obligation
4. Names of shareholder(s) holding directly 3% or more voting rights, if different from 3. 5. Date on which threshold was crossed or reached:
6. Total positions
7. Details on total positions a. Voting rights attached to shares (Sec. 33, 34 WpHG)
b.1. Instruments according to Sec. 38 (1) no. 1 WpHG
b.2. Instruments according to Sec. 38 (1) no. 2 WpHG
8. Information in relation to the person subject to the notification obligation
9. In case of proxy voting according to Sec. 34 para. 3 WpHG (only in case of attribution of voting rights in accordance with Sec. 34 para. 1 sent. 1 No. 6 WpHG) Date of general meeting: Holding total positions after general meeting (6.) after annual general meeting:
10. Other explanatory remarks: Date
25.03.2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Language: | English |
| Company: | Douglas AG |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany |
| End of News | EQS News Service |
Douglas AG Notification of Major Holdings 1. Details of issuer
2. Reason for notification
3. Details of person subject to the notification obligation
4. Names of shareholder(s) holding directly 3% or more voting rights, if different from 3.
5. Date on which threshold was crossed or reached:
6. Total positions
7. Details on total positions a. Voting rights attached to shares (Sec. 33, 34 WpHG)
b.1. Instruments according to Sec. 38 (1) no. 1 WpHG
b.2. Instruments according to Sec. 38 (1) no. 2 WpHG
8. Information in relation to the person subject to the notification obligation
9. In case of proxy voting according to Sec. 34 para. 3 WpHG (only in case of attribution of voting rights in accordance with Sec. 34 para. 1 sent. 1 No. 6 WpHG) Date of general meeting: Holding total positions after general meeting (6.) after annual general meeting:
10. Other explanatory remarks:
Date
25.03.2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Language: | English |
| Company: | Douglas AG |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany |
| End of News | EQS News Service |
1. Details of the person discharging managerial responsibilities / person closely associated a) Name
2. Reason for the notification a) Position / status
b) Initial notification 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name
b) LEI
4. Details of the transaction(s) a) Description of the financial instrument, type of instrument, identification code
b) Nature of the transaction
c) Price(s) and volume(s)
d) Aggregated information
e) Date of the transaction
f) Place of the transaction
22.03.2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. | |||||||||||||||||||||||||||||
| Language: | English |
| Company: | Douglas AG |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany |
| End of News | EQS News Service |
1. Details of the person discharging managerial responsibilities / person closely associated a) Name
2. Reason for the notification a) Position / status
b) Initial notification 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name
b) LEI
4. Details of the transaction(s) a) Description of the financial instrument, type of instrument, identification code
b) Nature of the transaction
c) Price(s) and volume(s)
d) Aggregated information
e) Date of the transaction
f) Place of the transaction
22.03.2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. | |||||||||||||||||||||||||||||
| Language: | English |
| Company: | Douglas AG |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany |
| End of News | EQS News Service |
1. Details of the person discharging managerial responsibilities / person closely associated a) Name
2. Reason for the notification a) Position / status
b) Initial notification 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name
b) LEI
4. Details of the transaction(s) a) Description of the financial instrument, type of instrument, identification code
b) Nature of the transaction
c) Price(s) and volume(s)
d) Aggregated information
e) Date of the transaction
f) Place of the transaction
22.03.2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Douglas AG |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany |
| End of News | EQS News Service |
1. Details of the person discharging managerial responsibilities / person closely associated a) Name
2. Reason for the notification a) Position / status
b) Initial notification 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name
b) LEI
4. Details of the transaction(s) a) Description of the financial instrument, type of instrument, identification code
b) Nature of the transaction
c) Price(s) and volume(s)
d) Aggregated information
e) Date of the transaction
f) Place of the transaction
22.03.2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Douglas AG |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany |
| End of News | EQS News Service |
1. Details of the person discharging managerial responsibilities / person closely associated a) Name
2. Reason for the notification a) Position / status
b) Initial notification 3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name
b) LEI
4. Details of the transaction(s) a) Description of the financial instrument, type of instrument, identification code
b) Nature of the transaction
c) Price(s) and volume(s)
d) Aggregated information
e) Date of the transaction
f) Place of the transaction
22.03.2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Douglas AG |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany |
| End of News | EQS News Service |
Douglas AG / Home Member State Douglas AG announces according to Art. 5 WpHG that Germany is the Home Member State. 20.03.2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Douglas AG |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany |
| End of News | EQS News Service |
Douglas AG / Key word(s): IPO NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, SOUTH AFRICA, JAPAN OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR REQUIRE REGISTRATION OR ANY OTHER MEASURES. Final offer price for DOUGLAS AG shares set at 26.00 euro per share Düsseldorf, March 19, 2024 –DOUGLAS AG, together with its shareholder Kirk Beauty International S.A., a holding company majority-owned by funds advised by global private equity firm CVC Capital Partners as well as the Kreke family, has set the final offer price at 26.00 euro per share today. In total, 34,192,455 shares are being placed with investors thereof 32,692,308 newly issued shares and 1,500,147 existing shares from the holdings of Kirk Beauty International S.A. The total offer size amounts to around 890 million euro with gross proceeds for DOUGLAS AG of around 850 million euro, which corresponds to a market capitalization of DOUGLAS AG of around 2.8 billion euro. Following completion of the IPO, the free float is expected to be around 31.8%. CVC Capital Partners and the Kreke family retain their indirect investments resulting in indirect holdings of around 54.4% for CVC Capital Partners and around 10.2% for the Kreke family. The shares of DOUGLAS AG are expected to be trading on the regulated market (Prime Standard) of the Frankfurt Stock Exchange from March 21, 2024, on. The settlement and closing of the offering are planned for March 25, 2024. Investor Relations Contact DOUGLAS Group Stefanie Steiner Director Investor Relations and M&A Phone: +49 211 16847 8594 E-Mail: ir@douglas.de End of Inside Information Information and Explanation of the Issuer to this announcement: Important Notice This announcement is an advertisement for the purposes of the prospectus regulation EU 2017/1129, as amended (“Prospectus Regulation”). It does not constitute an offer to purchase any shares in DOUGLAS AG and does not replace the securities prospectus which will be available free of charge, together with the relevant translation(s) of the summary, on DOUGLAS Group's website at https://douglas.group/en/investors/ under the “Listing” section. The approval of the securities prospectus by the German Federal Financial Supervisory Authority (“BaFin”) should not be understood as an endorsement of the investment in any shares in DOUGLAS AG. Investors should purchase shares solely on the basis of the prospectus (including any supplements thereto, if any) relating to the shares and should read the prospectus which is yet to be published (including any supplements thereto, if any) before making an investment decision in order to fully understand the potential risks and rewards associated with the decision to invest in the shares. Investment in shares entails numerous risks, including a total loss of the initial investment. This announcement does not contain or constitute an offer of, or the solicitation of an offer to buy or subscribe for, securities to any person in the United States, Australia, Canada, South Africa, Japan or in any jurisdiction to whom or in which such offer or solicitation is unlawful. Neither this announcement nor the publication in which it is contained is for publication or distribution, directly or indirectly, in whole or in part, in or into the United States of America, including its territories and possessions, any state of the United States and the District of Columbia (the “United States”). The information in this announcement does not contain or constitute an offer to acquire, subscribe or otherwise trade in shares in DOUGLAS AG in any jurisdiction. Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or the securities laws of any state or other jurisdiction of the United States, and may not be offered, subscribed, used, pledged, sold, resold, allotted, delivered or otherwise transferred, directly or indirectly, in or into the United States absent such registration, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements under the Securities Act, in each case in compliance with any applicable securities laws of any state or other jurisdiction of the United States. There will be no public offer of the securities in the United States. Subject to certain exceptions under applicable law, the securities referred to herein may not be offered or sold in Australia, Canada, South Africa or Japan or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada, South Africa or Japan. There will be no public offer of the securities in Australia, Canada, South Africa or Japan. In member states of the European Economic Area (other than Germany), this announcement is only addressed to and directed at persons who are “qualified investors” within the meaning of Article 2(e) of the Prospectus Regulation. In the United Kingdom, this announcement is only addressed to and directed at persons who are “qualified investors” within the meaning of Article 2 of the Prospectus Regulation (Regulation (EU) 2017/1129 and amendments thereto) as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018 and who (i) have professional experience in matters relating to investments falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Order”) or (ii) are high net worth entities falling within article 49(2)(a) to (d) of the Order (all such persons being referred to as “relevant persons”). In the United Kingdom, this announcement is directed only at relevant persons. Any person who is not a relevant person should not act or rely on this announcement or any of its contents. Any investment or investment activity to which this announcement relates is available only to relevant persons and will be engaged in only with relevant persons and it should not be relied on by anyone other than a relevant person. No person is authorized to give any information or to make any representation not contained in and not consistent with the announcement and, if given or made, such information or representation must not be relied upon as having been authorized by or on behalf of DOUGLAS AG or any Person. This announcement may contain forward-looking statements which reflect DOUGLAS AG’s current view on future events and financial and operational development. Words such as “intend”, “expect”, “anticipate”, “may”, “believe”, “plan”, “estimate” and other expressions which imply indications or predictions of future development or trends, and which are not based on historical facts, are intended to identify forward-looking statements. Forward-looking statements inherently involve both known and unknown risks and uncertainties as they depend on future events and circumstances. Forward-looking statements do not guarantee future results or developments and the actual outcome could differ materially from the forward-looking statements. Each of the Banks and their respective affiliates expressly disclaims any obligation or undertaking to update, review or revise any forward-looking statement contained in this announcement whether as a result of new information, future developments or otherwise. The Banks are acting exclusively for DOUGLAS AG and the Selling Shareholder and no-one else in connection with the planned offering of shares of DOUGLAS AG (the “Offering”). They will not regard any other person as their respective clients in relation to the Offering and will not be responsible to anyone other than DOUGLAS AG and the Selling Shareholder for providing the protections afforded to their respective clients, nor for providing advice in relation to the Offering, the contents of this announcement or any transaction, arrangement or other matter referred to herein. In connection with the Offering, the Banks and any of their affiliates, acting as investors for their own accounts, may subscribe for or purchase securities of DOUGLAS AG and in that capacity may retain, purchase, sell, offer to sell or otherwise deal for their own accounts in such securities and other securities of DOUGLAS AG or related investments in connection with the Offering or otherwise. Accordingly, references in the prospectus, once published, to the securities being issued, offered, subscribed, acquired, placed or otherwise dealt in should be read as including any issue or offer to, or subscription, acquisition, placing or dealing by the Banks and any of their affiliates acting as investors for their own accounts. In addition, certain of the Banks or their respective affiliates may enter into financing arrangements and swaps with investors in connection with which such Banks (or their affiliates) may from time to time acquire, hold or dispose of DOUGLAS AG’s shares. The Banks do not intend to disclose the extent of any such investment or transactions otherwise than in accordance with any legal or regulatory obligations to do so. None of the Banks or any of their respective affiliates, directors, officers, personally liable partners, employees, advisers or agents accepts any responsibility or liability whatsoever for or makes any representation or warranty, express or implied, as to the truth, accuracy or completeness of the information in this announcement (or whether any information has been omitted from the announcement) or any other information relating to DOUGLAS AG, its subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of this announcement or its contents or otherwise arising in connection therewith. In connection with the Offering, Goldman Sachs Bank Europe SE, as stabilization manager, or any of its agents, may (but will be under no obligation to), to the extent permitted by applicable law, take stabilization measures in accordance with Article 5(4) and (5) of the Regulation (EU) No 596/2014 of the European Parliament and of the Council of April 16, 2014 on market abuse in conjunction with Articles 5 through 7 of Commission Delegated Regulation (EU) 2016/1052) of March 8, 2016. Stabilization measures aim at supporting the market price of the shares of DOUGLAS AG during the stabilization period, such period starting on the date the DOUGLAS AG’s shares commence trading on the regulated market segment (regulierter Markt) of the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse) with simultaneous admission to the sub-segment of the regulated market with additional post-admission obligations (Prime Standard) of the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse), expected to be March 21, 2024, and ending no later than 30 calendar days thereafter (the “Stabilization Period“). Stabilization transactions may result in a market price that is higher than would otherwise prevail. The stabilization manager is not required to enter into such transactions and such transactions may be effected on any stock market, over-the-counter market, stock exchange or otherwise. However, there will be no obligation on the stabilization manager or any of its agents to effect stabilizing transactions and there is no assurance that stabilizing transactions will be undertaken. Stabilization measures may be undertaken at the following trading venues: Frankfurt Stock Exchange, Xetra, BATS Europe, Chi-X Exchange, Munich Stock Exchange, Stuttgart Stock Exchange, Turquoise MTF. Such stabilizing measures, if commenced, may be discontinued at any time without prior notice. In no event will measures be taken to stabilize the market price of DOUGLAS AG’s shares above the offer price. Save as required by law or regulation, neither the stabilization manager nor any of its agents intends to disclose the extent of any stabilization transactions conducted in relation to the Offering. The information contained in this release is for background purposes only and does not purport to be full or complete. No reliance may be placed by any person for any purpose on the information contained in this release or its accuracy, fairness or completeness. Solely for the purposes of the product governance requirements contained within: (a) EU Directive 2014/65/EU on markets in financial instruments, as amended (“MiFID II”); (b) Articles 9 and 10 of Commission Delegated Directive (EU) 2017/593 supplementing MiFID II; and (c) local implementing measures (together, the “MiFID II Product Governance Requirements”), and disclaiming all and any liability, whether arising in tort, contract or otherwise, which any “manufacturer” (for the purposes of the MiFID II Product Governance Requirements) may otherwise have with respect thereto, the shares have been subject to a product approval process, which has determined that such share are: (i) compatible with an end target market of retail investors and investors who meet the criteria of professional clients and eligible counterparties, each as defined in MiFID II; and (ii) eligible for distribution through all distribution channels as are permitted by MiFID II (the “Target Market Assessment”). Notwithstanding the Target Market Assessment, distributors should note that: the price of the shares may decline and investors could lose all or part of their investment; the shares offer no guaranteed income and no capital protection; and an investment in the shares in compatible only with investors who do not need a guaranteed income or capital protection, who (either alone or in conjunction with an appropriate financial or other adviser) are capable of evaluating the merits and risks of such an investment and who have sufficient resources to be able to bear any losses that may result therefrom. The Target Market Assessment is without prejudice to the requirements of any contractual, legal or regulatory selling restrictions in relation to the offering. For the avoidance of doubt, the Target Market Assessment does not constitute: (a) an assessment of suitability or appropriateness for the purposes of MiFID II; or (b) a recommendation to any investor or group of investors to invest in, or purchase, or take any other action whatsoever with respect to the shares. Each distributor is responsible for undertaking its own target market assessment in respect of the shares and determining appropriate distribution channels. The date of the admission to trading of shares of DOUGLAS AG on the regulated market segment (regulierter Markt) of the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse) with simultaneous admission to the sub-segment of the regulated market with additional post-admission obligations (Prime Standard) of the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse) (together, the “Admission”) may be influenced by things such as market conditions. There is no guarantee that Admission will occur and no financial decision should be based on the intentions of DOUGLAS AG in relation to Admission at this stage. Acquiring investments to which this release relates may expose an investor to a significant risk of losing all of the amount invested. Persons considering making such investments should consult an authorized person specializing in advising on such investments. This release does not constitute a recommendation concerning the Offering. The value of shares can decrease as well as increase. Potential investors should consult a professional advisor as to the suitability of the Offering for the person concerned. 19-March-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Douglas AG |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany | |
| ISIN: | DE000BEAU7Y1 |
| WKN: | BEAU7Y |
| Listed: | Regulated Market in Frankfurt (Prime Standard) |
| EQS News ID: | 1862471 |
| End of Announcement | EQS News Service |
Douglas AG / Key word(s): IPO NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, SOUTH AFRICA, JAPAN OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR REQUIRE REGISTRATION OR ANY OTHER MEASURES. Final offer price for DOUGLAS AG shares set at 26.00 euro per share Düsseldorf, March 19, 2024 –DOUGLAS AG, together with its shareholder Kirk Beauty International S.A., a holding company majority-owned by funds advised by global private equity firm CVC Capital Partners as well as the Kreke family, has set the final offer price at 26.00 euro per share today. In total, 34,192,455 shares are being placed with investors thereof 32,692,308 newly issued shares and 1,500,147 existing shares from the holdings of Kirk Beauty International S.A. The total offer size amounts to around 890 million euro with gross proceeds for DOUGLAS AG of around 850 million euro, which corresponds to a market capitalization of DOUGLAS AG of around 2.8 billion euro. Following completion of the IPO, the free float is expected to be arround 1.8%. CVC Capital Partners and the Kreke family retain their indirect investments resulting in indirect holdings of around 54.4% for CVC Capital Partners and around 10.2% for the Kreke family. The shares of DOUGLAS AG are expected to be trading on the regulated market (Prime Standard) of the Frankfurt Stock Exchange from March 21, 2024, on. The settlement and closing of the offering are planned for March 25, 2024. Investor Relations Contact DOUGLAS Group Stefanie Steiner Director Investor Relations and M&A Phone: +49 211 16847 8594 E-Mail: ir@douglas.de End of Inside Information Information and Explanation of the Issuer to this announcement: Important Notice This announcement is an advertisement for the purposes of the prospectus regulation EU 2017/1129, as amended (“Prospectus Regulation”). It does not constitute an offer to purchase any shares in DOUGLAS AG and does not replace the securities prospectus which will be available free of charge, together with the relevant translation(s) of the summary, on DOUGLAS Group's website at https://douglas.group/en/investors/ under the “Listing” section. The approval of the securities prospectus by the German Federal Financial Supervisory Authority (“BaFin”) should not be understood as an endorsement of the investment in any shares in DOUGLAS AG. Investors should purchase shares solely on the basis of the prospectus (including any supplements thereto, if any) relating to the shares and should read the prospectus which is yet to be published (including any supplements thereto, if any) before making an investment decision in order to fully understand the potential risks and rewards associated with the decision to invest in the shares. Investment in shares entails numerous risks, including a total loss of the initial investment. This announcement does not contain or constitute an offer of, or the solicitation of an offer to buy or subscribe for, securities to any person in the United States, Australia, Canada, South Africa, Japan or in any jurisdiction to whom or in which such offer or solicitation is unlawful. Neither this announcement nor the publication in which it is contained is for publication or distribution, directly or indirectly, in whole or in part, in or into the United States of America, including its territories and possessions, any state of the United States and the District of Columbia (the “United States”). The information in this announcement does not contain or constitute an offer to acquire, subscribe or otherwise trade in shares in DOUGLAS AG in any jurisdiction. Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or the securities laws of any state or other jurisdiction of the United States, and may not be offered, subscribed, used, pledged, sold, resold, allotted, delivered or otherwise transferred, directly or indirectly, in or into the United States absent such registration, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements under the Securities Act, in each case in compliance with any applicable securities laws of any state or other jurisdiction of the United States. There will be no public offer of the securities in the United States. Subject to certain exceptions under applicable law, the securities referred to herein may not be offered or sold in Australia, Canada, South Africa or Japan or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada, South Africa or Japan. There will be no public offer of the securities in Australia, Canada, South Africa or Japan. In member states of the European Economic Area (other than Germany), this announcement is only addressed to and directed at persons who are “qualified investors” within the meaning of Article 2(e) of the Prospectus Regulation. In the United Kingdom, this announcement is only addressed to and directed at persons who are “qualified investors” within the meaning of Article 2 of the Prospectus Regulation (Regulation (EU) 2017/1129 and amendments thereto) as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal) Act 2018 and who (i) have professional experience in matters relating to investments falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Order”) or (ii) are high net worth entities falling within article 49(2)(a) to (d) of the Order (all such persons being referred to as “relevant persons”). In the United Kingdom, this announcement is directed only at relevant persons. Any person who is not a relevant person should not act or rely on this announcement or any of its contents. Any investment or investment activity to which this announcement relates is available only to relevant persons and will be engaged in only with relevant persons and it should not be relied on by anyone other than a relevant person. No person is authorized to give any information or to make any representation not contained in and not consistent with the announcement and, if given or made, such information or representation must not be relied upon as having been authorized by or on behalf of DOUGLAS AG or any Person. This announcement may contain forward-looking statements which reflect DOUGLAS AG’s current view on future events and financial and operational development. Words such as “intend”, “expect”, “anticipate”, “may”, “believe”, “plan”, “estimate” and other expressions which imply indications or predictions of future development or trends, and which are not based on historical facts, are intended to identify forward-looking statements. Forward-looking statements inherently involve both known and unknown risks and uncertainties as they depend on future events and circumstances. Forward-looking statements do not guarantee future results or developments and the actual outcome could differ materially from the forward-looking statements. Each of the Banks and their respective affiliates expressly disclaims any obligation or undertaking to update, review or revise any forward-looking statement contained in this announcement whether as a result of new information, future developments or otherwise. The Banks are acting exclusively for DOUGLAS AG and the Selling Shareholder and no-one else in connection with the planned offering of shares of DOUGLAS AG (the “Offering”). They will not regard any other person as their respective clients in relation to the Offering and will not be responsible to anyone other than DOUGLAS AG and the Selling Shareholder for providing the protections afforded to their respective clients, nor for providing advice in relation to the Offering, the contents of this announcement or any transaction, arrangement or other matter referred to herein. In connection with the Offering, the Banks and any of their affiliates, acting as investors for their own accounts, may subscribe for or purchase securities of DOUGLAS AG and in that capacity may retain, purchase, sell, offer to sell or otherwise deal for their own accounts in such securities and other securities of DOUGLAS AG or related investments in connection with the Offering or otherwise. Accordingly, references in the prospectus, once published, to the securities being issued, offered, subscribed, acquired, placed or otherwise dealt in should be read as including any issue or offer to, or subscription, acquisition, placing or dealing by the Banks and any of their affiliates acting as investors for their own accounts. In addition, certain of the Banks or their respective affiliates may enter into financing arrangements and swaps with investors in connection with which such Banks (or their affiliates) may from time to time acquire, hold or dispose of DOUGLAS AG’s shares. The Banks do not intend to disclose the extent of any such investment or transactions otherwise than in accordance with any legal or regulatory obligations to do so. None of the Banks or any of their respective affiliates, directors, officers, personally liable partners, employees, advisers or agents accepts any responsibility or liability whatsoever for or makes any representation or warranty, express or implied, as to the truth, accuracy or completeness of the information in this announcement (or whether any information has been omitted from the announcement) or any other information relating to DOUGLAS AG, its subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of this announcement or its contents or otherwise arising in connection therewith. In connection with the Offering, Goldman Sachs Bank Europe SE, as stabilization manager, or any of its agents, may (but will be under no obligation to), to the extent permitted by applicable law, take stabilization measures in accordance with Article 5(4) and (5) of the Regulation (EU) No 596/2014 of the European Parliament and of the Council of April 16, 2014 on market abuse in conjunction with Articles 5 through 7 of Commission Delegated Regulation (EU) 2016/1052) of March 8, 2016. Stabilization measures aim at supporting the market price of the shares of DOUGLAS AG during the stabilization period, such period starting on the date the DOUGLAS AG’s shares commence trading on the regulated market segment (regulierter Markt) of the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse) with simultaneous admission to the sub-segment of the regulated market with additional post-admission obligations (Prime Standard) of the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse), expected to be March 21, 2024, and ending no later than 30 calendar days thereafter (the “Stabilization Period“). Stabilization transactions may result in a market price that is higher than would otherwise prevail. The stabilization manager is not required to enter into such transactions and such transactions may be effected on any stock market, over-the-counter market, stock exchange or otherwise. However, there will be no obligation on the stabilization manager or any of its agents to effect stabilizing transactions and there is no assurance that stabilizing transactions will be undertaken. Stabilization measures may be undertaken at the following trading venues: Frankfurt Stock Exchange, Xetra, BATS Europe, Chi-X Exchange, Munich Stock Exchange, Stuttgart Stock Exchange, Turquoise MTF. Such stabilizing measures, if commenced, may be discontinued at any time without prior notice. In no event will measures be taken to stabilize the market price of DOUGLAS AG’s shares above the offer price. Save as required by law or regulation, neither the stabilization manager nor any of its agents intends to disclose the extent of any stabilization transactions conducted in relation to the Offering. The information contained in this release is for background purposes only and does not purport to be full or complete. No reliance may be placed by any person for any purpose on the information contained in this release or its accuracy, fairness or completeness. Solely for the purposes of the product governance requirements contained within: (a) EU Directive 2014/65/EU on markets in financial instruments, as amended (“MiFID II”); (b) Articles 9 and 10 of Commission Delegated Directive (EU) 2017/593 supplementing MiFID II; and (c) local implementing measures (together, the “MiFID II Product Governance Requirements”), and disclaiming all and any liability, whether arising in tort, contract or otherwise, which any “manufacturer” (for the purposes of the MiFID II Product Governance Requirements) may otherwise have with respect thereto, the shares have been subject to a product approval process, which has determined that such share are: (i) compatible with an end target market of retail investors and investors who meet the criteria of professional clients and eligible counterparties, each as defined in MiFID II; and (ii) eligible for distribution through all distribution channels as are permitted by MiFID II (the “Target Market Assessment”). Notwithstanding the Target Market Assessment, distributors should note that: the price of the shares may decline and investors could lose all or part of their investment; the shares offer no guaranteed income and no capital protection; and an investment in the shares in compatible only with investors who do not need a guaranteed income or capital protection, who (either alone or in conjunction with an appropriate financial or other adviser) are capable of evaluating the merits and risks of such an investment and who have sufficient resources to be able to bear any losses that may result therefrom. The Target Market Assessment is without prejudice to the requirements of any contractual, legal or regulatory selling restrictions in relation to the offering. For the avoidance of doubt, the Target Market Assessment does not constitute: (a) an assessment of suitability or appropriateness for the purposes of MiFID II; or (b) a recommendation to any investor or group of investors to invest in, or purchase, or take any other action whatsoever with respect to the shares. Each distributor is responsible for undertaking its own target market assessment in respect of the shares and determining appropriate distribution channels. The date of the admission to trading of shares of DOUGLAS AG on the regulated market segment (regulierter Markt) of the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse) with simultaneous admission to the sub-segment of the regulated market with additional post-admission obligations (Prime Standard) of the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse) (together, the “Admission”) may be influenced by things such as market conditions. There is no guarantee that Admission will occur and no financial decision should be based on the intentions of DOUGLAS AG in relation to Admission at this stage. Acquiring investments to which this release relates may expose an investor to a significant risk of losing all of the amount invested. Persons considering making such investments should consult an authorized person specializing in advising on such investments. This release does not constitute a recommendation concerning the Offering. The value of shares can decrease as well as increase. Potential investors should consult a professional advisor as to the suitability of the Offering for the person concerned. 19-March-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Douglas AG |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany | |
| ISIN: | DE000BEAU7Y1 |
| WKN: | BEAU7Y |
| Listed: | Regulated Market in Frankfurt (Prime Standard) |
| EQS News ID: | 1862267 |
| End of Announcement | EQS News Service |
EQS-News: Douglas GmbH / Key word(s): Conference CONFERENCE CALL INVITATION Conference call on the results for the 1st quarter 2023/24 (ending 31 December 2023) on 22 February 2024 Düsseldorf, 21 February 2024. Douglas, Europe’s leading omnichannel beauty destination, invites you to an analyst update call on the first quarter 2023/24 on 22 February 2024. The conference call on the results will be held at 11:00 a.m. CEST on 22 February 2024. To participate in the conference call, please make use of one of the following options:
ABOUT DOUGLAS: DOUGLAS is the number one omnichannel premium beauty destination in Europe. The company is inspiring customers to live their own kind of beauty by offering a unique assortment online and in around 1,850 stores. With unparalleled size and access to customers, DOUGLAS is the partner of choice for brands and offers a selected range of selective and exclusive brands as well as own corporate brands. The assortment includes fragrances, make-up, skin care, hair care, accessories as well as beauty services. Strengthening its successful omnichannel positioning while consistently developing superior customer experience is at the heart of the company’s strategy “Let it Bloom – DOUGLAS 2026”. The winning business model is underpinned by DOUGLAS’ omnichannel proposition, leading brands, and data capabilities. In the fiscal year 2022/23, DOUGLAS generated sales of 4.1 billion euros and employed around 18,000 people across Europe. More information is available at https://douglas.group/en/investors. 21.02.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | Douglas GmbH |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany | |
| ISIN: | XS2326497802 |
| WKN: | A3H3J7 |
| Listed: | Regulated Unofficial Market in Berlin, Frankfurt, Hamburg, Hanover, Munich, Stuttgart; Dublin |
| EQS News ID: | 1842193 |
| End of News | EQS News Service |
EQS-News: Douglas GmbH / Key word(s): Quarter Results Q1 2023/24 (October – December 2023) Strong start into the new financial year: DOUGLAS Group significantly increased sales and profitability
Düsseldorf, 15 February 2024 – The DOUGLAS Group, Europe's leading omnichannel destination for premium beauty, continued its profitable growth trajectory in the first quarter of its financial year 2023/24. Based on unaudited numbers, Group sales (net) increased by 8.0% to around 1.56 billion euros in the important period from October to December 2023 (Q1 2022/23: 1.44 billion euros). Actual Group sales (net) are slightly below the previous communicated +8.3% due to the discontinuation of the Spain restructuring adjustments and minor consolidation effects. Growth was driven by strong results of both channels: Store sales (net) increased by 6.7% (lfl: +6.0%) while E-Com sales (net) grew 10.7% year-on-year (lfl: +10.7%), both thus continuing the positive trend from previous quarters. This also marks the tenth consecutive quarter of Group sales (net) growth. All segments contributed positively to overall growth for both sales and earnings. “The months from October to December are the most important sales period of the year for us”, said Sander van der Laan, CEO DOUGLAS Group. “The team has pulled off a strong start to our financial year: We are growing both top and bottom line, across all channels and regions compared to the previous year while also significantly improving our profitability. We clearly see our ‘Let it Bloom’ strategy bearing fruit. The results are well in line with our midterm guidance of a compound annual sales (net) growth rate of around 7% and encourage us to press ahead with our strategic initiatives.” Further increased profitability and net income Beyond the continued total sales (net) growth, the DOUGLAS Group also further increased its profitability and generated an adj. EBITDA of 348.3 million euros (Q1 2022/23: 309.4 million euros), an improvement of 12.6%. The corresponding adj. EBITDA margin was 22.4%, another step up compared to the 21.5% of the previous year. Net income in the first quarter improved by 10.6% to 125.2 million euros (Q1 2022/23: 113.2 million euros). Free cash flow increased to 459.4 million euros. In the previous year, this figure amounted to 402.3 million euros, taking into account the money market instruments reported as current other financial assets. Accordingly, the DOUGLAS Group's net leverage ratio significantly improved further to 4.0x as of the reporting date (31 Dec. 2023: 4.8x)[1]. Strong E-Commerce momentum The E-Com business recorded a particularly strong performance with an impressive double-digit sales (net) growth of 10.7%, resulting in the sixth consecutive quarter of E-Com growth. The online pure player segment Parfumdreams/Niche Beauty contributed with a strong increase in sales (net) of 26.0% compared to previous year’s quarter. Overall E-Com growth in the first quarter, which includes important customer events like Singles’ Day, Beauty (Black) Friday, and Christmas, was driven in particular by a strong performance of the segments DACHNL (+11.6%), CEE (+20.2%), and the online beauty pure players Parfumdreams/Niche Beauty. In line with the high E-Com demand, the DOUGLAS online shops received more than 20,000 delivery orders per hour across Europe at peak times during Black Friday. Bestsellers in the first quarter included Advent calendars, premium fragrances, and gift sets with fragrance or body care products. Expansion and refurbishment of store network As part of the “Let it Bloom – DOUGLAS 2026” strategy, the DOUGLAS Group has launched a program to develop and expand its store network until the end of the financial year 2025/26. The DOUGLAS Group plans to open (net) more than 200 stores across Europe and more than 400 stores are set to be upgraded or refurbished. With this strategic initiative, the DOUGLAS Group aims to offer customers an even more appealing and contemporary shopping experience. The first quarter of the current financial year already saw a notable number of net 17 store openings. Updated sustainability strategy with ambitious goals The DOUGLAS Group has recently published its Sustainability Report for the financial year 2022/23, following the ambition to also be a leading beauty retailer in sustainability. The report includes an updated, more ambitious sustainability strategy in line with the overarching “Let it Bloom” strategy, thus expanding the previous approach of the 2020/21 financial year. The DOUGLAS Group’s sustainability strategy is based on three focus areas: People, Planet, and Products. Overview Financial Results
* As the restructuring in Spain has been successfully completed, the DOUGLAS Group will cease adjusting sales (net) going forward and inform on a reported basis. ** CEE = Central Eastern Europe (Bulgaria, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia)
About the DOUGLAS Group The DOUGLAS Group, with its commercial brands DOUGLAS, NOCIBÉ, parfumdreams and Niche Beauty, is the number one omnichannel premium beauty destination in Europe. The DOUGLAS Group is inspiring customers to live their own kind of beauty by offering a unique assortment online and in around 1,850 stores. With unparalleled size and access to customers, the DOUGLAS Group is the partner of choice for brands and offers a premium range of selective and exclusive brands as well as own corporate brands. The assortment includes fragrances, color cosmetics, skin care, hair care, accessories as well as beauty services. Strengthening its successful omnichannel positioning while consistently developing superior customer experience is at the heart of the DOUGLAS Group strategy “Let it Bloom – DOUGLAS 2026”. The winning business model is underpinned by the Group’s omnichannel proposition, leading brands, and data capabilities. In the financial year 2022/23, the DOUGLAS Group generated sales (net) of 4.1 billion euros and employed around 18,000 people across Europe. For more information visit the DOUGLAS Group website. Press Contact Peter Wübben [1] Net financial debt position of €3.063m and LTM EBITDA of €765m. 15.02.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | Douglas GmbH |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany | |
| ISIN: | XS2326497802 |
| WKN: | A3H3J7 |
| Listed: | Regulated Unofficial Market in Berlin, Frankfurt, Hamburg, Hanover, Munich, Stuttgart; Dublin |
| EQS News ID: | 1837589 |
| End of News | EQS News Service |
EQS-News: Douglas GmbH / Key word(s): ESG/Sustainability SUSTAINABILITY
ESG Report
Düsseldorf, 1 February 2024 – DOUGLAS, Europe’s leading omnichannel destination for premium beauty, has released its Sustainability report of the financial year 2022/23 with reference to the international standards of the Global Reporting Initiative (GRI). The report includes an updated, more ambitious sustainability strategy expanding the previous approach of the 2020/21 financial year. Sander van der Laan, CEO DOUGLAS Group and Chairman of the ESG Committee, said: “As Europe’s number one omnichannel premium beauty destination, we have the ambition to also be a leading beauty retailer in sustainability. We have made good progress on our sustainability journey, for instance in reducing our combined Scopes 1 and 2 emissions in the past years. We are committed to our ambitious goals to further reduce our carbon footprint and to promote sustainable practices.” DOUGLAS’ sustainability strategy forms an integral part of the company’s “Let it Bloom – DOUGLAS 2026” strategy, which is focused on accelerating growth through a targeted omnichannel business model and a strict focus on the customer. The ESG strategy is firmly anchored in the first strategy pillar ‘Be the #1 BEAUTY DESTINATION in all our markets’ and is based on three focus areas: People, Planet, and Products. The governance framework of DOUGLAS is the fundament to these central focus areas, with ESG integrated into management remuneration, showcasing the dedication to sustainable practices from top to bottom. The main components are:
The full Sustainability Report is available on the DOUGLAS website
* Scopes 1 and 2 emissions are layers of greenhouse gas emissions according to the Greenhouse Gas Protocol.
ABOUT DOUGLAS DOUGLAS is the number one omnichannel premium beauty destination in Europe. The company is inspiring customers to live their own kind of beauty by offering a unique assortment online and in around 1,850 stores. With unparalleled size and access to customers, DOUGLAS is the partner of choice for brands and offers a premium range of selective and exclusive brands as well as own corporate brands. The assortment includes fragrances, color cosmetics, skin care, hair care, accessories as well as beauty services. Strengthening its successful omnichannel positioning while consistently developing superior customer experience is at the heart of the company’s strategy “Let it Bloom – DOUGLAS 2026”. The winning business model is underpinned by DOUGLAS’ omnichannel proposition, leading brands, and data capabilities. In the financial year 2022/23, DOUGLAS generated sales (net) of 4.1 billion euros and employed around 18,000 people across Europe.
For more information visit the DOUGLAS website.
PRESS CONTACT Peter Wübben 01.02.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | Douglas GmbH |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany | |
| ISIN: | XS2326497802 |
| WKN: | A3H3J7 |
| Listed: | Regulated Unofficial Market in Berlin, Frankfurt, Hamburg, Hanover, Munich, Stuttgart; Dublin |
| EQS News ID: | 1827557 |
| End of News | EQS News Service |
EQS-News: Douglas GmbH / Key word(s): Preliminary Results/Annual Results TRADING STATEMENT Peak Season
Düsseldorf, 15 January 2024 – DOUGLAS, Europe's leading omnichannel destination for premium beauty, continued its successful growth trajectory in the first quarter of its financial year 2023/24. Based on preliminary figures, group sales (net) increased by 8.3% to around 1.56 billion euros in the period from October to December 2023 (Q1 2022/23: 1.44 billion euros). This positive start to the financial year was due to the good results of both channels: store sales (net) recorded an increase of 7.1% (lfl: +6.0%), while the E-Com business grew by 10.7% year-on-year (lfl: +10.7%). This once again demonstrates the advantage of DOUGLAS’ omnichannel positioning and its ‘Let it Bloom’ strategy. Sander van der Laan, CEO DOUGLAS Group, said: "I would like to thank all colleagues in the stores and behind our web-shops for their great job during this important quarter. Regardless the difficult economic circumstances, our customers are attracted by our comprehensive beauty offering and appreciate the broad omnichannel range of brands. Our peak season has been proven to be very successful. We are on track to achieve our ambition of 5 billion euros net sales in 2026." The positive development in the first quarter of 2023/24 proves that DOUGLAS is on the right track. In the mid-term, DOUGLAS has the ambition to grow group sales (net) at a compound annual growth rate (CAGR) of around 7%. The company also aims to further achieve an adjusted EBITDA margin of around 18.5% with typical fluctuations year-over-year. Further information on the medium-term targets will be provided on the DOUGLAS’ Investor Relations homepage in due course. The full quarterly results for Q1 2023/24 will be published on 22 February 2024.
ABOUT DOUGLAS DOUGLAS is the number one omnichannel premium beauty destination in Europe. The company is inspiring customers to live their own kind of beauty by offering a unique assortment online and in around 1,850 stores. With unparalleled size and access to customers, DOUGLAS is the partner of choice for brands and offers a premium range of selective and exclusive brands as well as own corporate brands. The assortment includes fragrances, color cosmetics, skin care, hair care, accessories as well as beauty services. Strengthening its successful omnichannel positioning while consistently developing superior customer experience is at the heart of the company’s strategy “Let it Bloom – DOUGLAS 2026”. The winning business model is underpinned by DOUGLAS’ omnichannel proposition, leading brands, and data capabilities. In the financial year 2022/23, DOUGLAS generated sales of 4.1 billion euros and employed around 18,000 people across Europe. For more information visit the DOUGLAS website.
PRESS CONTACT Peter Wübben 15.01.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | Douglas GmbH |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany | |
| ISIN: | XS2326497802 |
| WKN: | A3H3J7 |
| Listed: | Regulated Unofficial Market in Berlin, Frankfurt, Hamburg, Hanover, Munich, Stuttgart; Dublin |
| EQS News ID: | 1814513 |
| End of News | EQS News Service |
EQS-News: Douglas GmbH / Key word(s): Annual Report/Annual Results PRESS RELEASE
Financial year 2022/23
Düsseldorf, 20 December 2023 – DOUGLAS, Europe’s number one omnichannel premium beauty destination, completed its financial year 2022/23 with record results: with adj. sales (net) of 4.1 billion euros (FY 2021/22: 3.65 billion euros) between October 2022 and September 2023, DOUGLAS surpassed the threshold of 4 billion euros in sales (net) for the first time and grew by 12.1% compared to the previous financial year. The Group cemented its omnichannel focus as both stores (+13.0%) and E-Commerce (+10.3%) contributed double-digit to this performance. At the same time, DOUGLAS achieved a Group adj. EBITDA of 725.9 million euros (FY 2021/22: 593.4 million euros), up 22.3% year-on-year and corresponding to an adj. EBITDA margin of 17.7%. For the first time since the outbreak of the COVID pandemic, DOUGLAS reported a net profit as the net income significantly improved to 16.7 million euros from -313.8 million euros in the previous year. Free Cash Flow (FCF) increased to 480.6 million euros (FY 2021/22: 366.6 million euros). “Our strong financial performance proves the strength of our well-positioned omnichannel business model and unique customer proposition", said DOUGLAS Group CEO Sander van der Laan. “We will continue to build on this success by consistently implementing our ‘Let it Bloom’ strategy with various initiatives already started this year. DOUGLAS is well on track to maintain its growth trajectory and achieve the Group sales target of 5 billion euros by 2026.” Q4: Adj. sales (net) growth for nine consecutive quarters DOUGLAS also closed the financial year with another successful quarter and grew adj. sales (net) from July to September by 9.1% to 883.0 million euros (Q4 2021/22: 809.7 million euros). The growth stems from good results across both channels: Store adj. sales (net) grew 9.6% (lfl: +8.6%) and E-Commerce sales were up 7.9% year-on-year (lfl: +12.0%), once again demonstrating the resilient omnichannel model. Total growth in the fourth quarter – which corresponds to an adj. sales (net) growth for nine consecutive quarters – was driven by positive results across all segments, with DACHNL (+9.2%) and CEE (+18.8%) developing particularly well. From July to September, DOUGLAS achieved a Group adj. EBITDA of 136.7 million euros (Q4 2021/22: 109.4 million euros). This corresponds to an adj. EBITDA margin of 15.5% which is ahead of the previous financial year’s margin of 13.5%. Fourth quarter net income improved by 203.0 million euros to -28.2 million euros (Q4 2021/22: -231.2 million euros). Cash as of 30 September stood at 262.3 million euros (30.09.22: 245.3 million euros). As a result of the positive cash development and the strong increase in adj. EBITDA, DOUGLAS’ net leverage ratio improved further to 4.7 as of the reporting date. DOUGLAS sets course for future growth As DOUGLAS continues implementing its strategy “Let it Bloom – DOUGLAS 2026” to set the course for long-term future growth, the Group has made landmark decisions and achieved new milestones in the four key strategic pillars #1 Beauty Destination, Range of Brands, Omnichannel Experience and Efficient Operating Model. Business development is expected to be driven by several initiatives and fields of action, including:
Good start to financial year 2023/24 DOUGLAS started well into the new financial year 2023/24. The important pre-Christmas sales period with the retail highlights “Singles’ Day” and “Beauty Friday” / “Black Week” proved to be satisfactory both online and in the stationary business. In October 2023, DOUGLAS decided to pay the interests for its PIK notes in cash as a result of the continued positive liquidity development of the Group. OVERVIEW FINANCIAL RESULTS*
* Financial reporting in accordance with IFRS 16. All comparative figures have been adjusted accordingly. *** CEE = Central Eastern Europe (Bulgaria, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia)
ABOUT DOUGLAS DOUGLAS is the number one omnichannel premium beauty destination in Europe. The company is inspiring customers to live their own kind of beauty by offering a unique assortment online and in around 1,850 stores. With unparalleled size and access to customers, DOUGLAS is the partner of choice for brands and offers a selected range of selective and exclusive brands as well as own corporate brands. The assortment includes fragrances, make-up, skin care, hair care, accessories as well as beauty services. Strengthening its successful omnichannel positioning while consistently developing superior customer experience is at the heart of the company’s strategy “Let it Bloom – DOUGLAS 2026”. The winning business model is underpinned by DOUGLAS’ omnichannel proposition, leading brands, and data capabilities. In the fiscal year 2022/23, DOUGLAS generated sales of 4.1 billion euros and employed around 18,000 people across Europe. For more information visit the DOUGLAS website. PRESS CONTACT Peter Wübben 20.12.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | Douglas GmbH |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany | |
| ISIN: | XS2326497802 |
| WKN: | A3H3J7 |
| Listed: | Regulated Unofficial Market in Berlin, Frankfurt, Hamburg, Hanover, Munich, Stuttgart; Dublin |
| EQS News ID: | 1800595 |
| End of News | EQS News Service |
EQS-News: Douglas GmbH / Key word(s): Annual Results/Quarter Results INVESTOR RELATIONS RELEASE
Publication of results for the 4th quarter 2022/23 (ending 30 September 2023) on 20 December 2023 Düsseldorf, 15 December 2023. Douglas, Europe’s leading omnichannel beauty destination, will release its results for the fourth quarter and full year 2022/23 on 20 December 2023. The results release and accompanying presentation will be available through the investor relations website. A conference call on the results will be held at 11:00 a.m. CEST on 20 December 2023. To participate in the conference call, please make use of one of the following options:
A replay will be available on the investor relations website later on 20 December 2023.
ABOUT DOUGLAS: DOUGLAS is Europe’s leading omnichannel beauty destination. We inspire customers to live their own kind of beauty by offering a unique assortment in online stores, via a partner program and in around 1,840 stores. Strengthening our successful omnichannel positioning while consistently developing the customer experience is at the heart of our strategy. In its fiscal year 2021/22, DOUGLAS generated sales of 3.65 billion euros with a focus on fragrances, make-up, skin care, hair care, health care and accessories. More information is available at https://corporate.douglas.de/investors/?lang=en. 15.12.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | Douglas GmbH |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany | |
| ISIN: | XS2326497802 |
| WKN: | A3H3J7 |
| Listed: | Regulated Unofficial Market in Berlin, Frankfurt, Hamburg, Hanover, Munich, Stuttgart; Dublin |
| EQS News ID: | 1797433 |
| End of News | EQS News Service |
EQS-News: Douglas GmbH / Key word(s): Bond IR NEWS Cash payment of interest on Kirk Beauty SUN notes on the back of strong cash generation DOUGLAS will pay interest on PIK notes in cash
Düsseldorf, 16 October 2023 – DOUGLAS, Europe’s leading omnichannel beauty destination, will start to pay cash interest on its Kirk Beauty SUN notes starting with the payment date 16 October 2023. This shift has two positive effects for DOUGLAS: first, the gross debt will not increase any further which supports DOUGLAS on its deleveraging path. Second, the cash interest rate is at 8.25% and thereby 75 basis points lower than PIK interest rate which represents interest cost savings of more than 4 million Euro per year in addition to the ceasing compound effect from PIK interest. “Our third quarter results already showed the strong cash generation of DOUGLAS even in a still challenging economic environment”, said Mark Langer. “With this switch to cash interest payment we underline our ambition to deleverage DOUGLAS not only by growing our EBITDA, but also by keeping the gross debt stable.” The cash interest was paid today, the next payment date is 15 April 2024.
ABOUT DOUGLAS DOUGLAS is Europe’s leading omnichannel beauty destination. We inspire customers to live their own kind of beauty by offering a unique assortment in online stores, via a partner program and in around 1,840 stores. Strengthening our successful omnichannel positioning while consistently developing the customer experience is at the heart of our strategy. In its fiscal year 2021/22, DOUGLAS generated sales of 3.65 billion euros with a focus on fragrances, make-up, skin care, hair care, health care and accessories. INVESTOR RELATIONS CONTACT Stefanie Steiner Head of Investor Relations and M&A Phone: +49 (0)211 16847 8594 E-mail: ir@douglas.de 16.10.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | Douglas GmbH |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany | |
| ISIN: | XS2326497802 |
| WKN: | A3H3J7 |
| Listed: | Regulated Unofficial Market in Berlin, Frankfurt, Hamburg, Hanover, Munich, Stuttgart; Dublin |
| EQS News ID: | 1749089 |
| End of News | EQS News Service |
EQS-News: Douglas GmbH / Key word(s): 9 Month figures PRESS RELEASE Q3 Fiscal Year 2022/23 (April – June) DOUGLAS continues sales and profit growth in third quarter
Düsseldorf, 24 August 2023 – DOUGLAS, Europe’s leading omnichannel beauty destination, continued its growth path and increased sales and profits also in the third quarter (April – June) of the fiscal year 2022/23. Both stores and E-Commerce contributed to the Group’s growth, underpinning DOUGLAS’ omnichannel focus. DOUGLAS grew adj. sales (net) from April to June by 9.7% to 910.4 (829.7) million euros. Store adj. sales (net) grew by 12.1% (lfl: +10.7%), with E-Commerce sales (net) also up 5.2% year-on-year (lfl: +8.5%). The digital business, which accounted for 31.9% of total Group sales, recorded continued sales growth in the core beauty area. Total growth from April to June 2023 was driven by all segments. The segments Southern Europe (+13.7%) and Central Eastern Europe (+16.9%) showed the strongest growth rates. “Our third quarter results underline once again DOUGLAS’ resilience and strong market position, especially as we entered a phase of a slowing down inflation and a steadily improving product availability”, said Sander van der Laan. “Even though uncertainties for our customers persist, we have been able to grow across all segments, channels and categories and to improve profitability at the same time.” Strengthened profitability and liquidity position In the third quarter, DOUGLAS achieved a Group adj. EBITDA of 154.3 (137.9) million euros. This corresponds to an adj. EBITDA margin of 16.9% which is ahead of the previous year’s margin of 16.6%. Third quarter net income improved by 25.3 million euros or nearly 50% to -26.1 (-51.4) million euros. In line with the usual seasonal fluctuations, net liquidity stood at 239.4 (270.8) million euros. Nine months performance very strong For the full first nine months of the fiscal year, DOUGLAS achieved adj. sales (net) of 3,208 (2,840) million euros and a Group adj. EBITDA of 589.2 (490.8) million euros, corresponding to an adj. EBITDA margin of 18.4% (17.3%). Net income after nine months stood at 44.9 million euros, a positive swing of more than 120 million euros compared to the previous year. Implementation of “Let it Bloom” strategy well on track Earlier this year, DOUGLAS introduced its new strategy “Let it Bloom – DOUGLAS 2026” which focuses on four key pillars: #1 Beauty Destination, Range of Brands, Omnichannel Experience and Efficient Operating Model, all based on the DOUGLAS culture as a strong foundation. The Group is making good progress in implementing the strategy and translating the key objectives into specific measures and initiatives. Three groundbreaking decisions were made recently:
In addition, DOUGLAS continues to expand its footprint in Europe with today’s opening of its first store in Belgium, located in the Wijnegem shopping center near Antwerp. This step marks DOUGLAS’ stationary debut in the country following the online shop in 2021.
ABOUT DOUGLAS DOUGLAS is Europe’s leading omnichannel beauty destination. We inspire customers to live their own kind of beauty by offering a unique assortment in online stores, via a partner program and in around 1,840 stores. Strengthening our successful omnichannel positioning while consistently developing the customer experience is at the heart of our strategy. In its fiscal year 2021/22, DOUGLAS generated sales of 3.65 billion euros with a focus on fragrances, make-up, skin care, hair care, health care and accessories.
PRESS CONTACT Peter Wübben
OVERVIEW FINANCIAL RESULTS*
* Financial reporting in accordance with IFRS 16. All comparative figures have been adjusted accordingly. 24.08.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | Douglas GmbH |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany | |
| ISIN: | XS2326497802 |
| WKN: | A3H3J7 |
| Listed: | Regulated Unofficial Market in Berlin, Frankfurt, Hamburg, Hanover, Munich, Stuttgart; Dublin |
| EQS News ID: | 1710301 |
| End of News | EQS News Service |
EQS-News: Douglas GmbH / Key word(s): Interim Report/9 Month figures INVESTOR RELATIONS RELEASE Publication of results for the 3rd quarter 2022/23 (ending 30 June 2023) on 24 August 2023 Düsseldorf, 17 August 2023. Douglas, Europe’s leading omnichannel beauty destination, will release its results for the third quarter and first nine months 2022/23 on 24 August 2023. The results release and accompanying presentation will be available through the investor relations website. A conference call on the results will be held at 11:00 a.m. CEST on 24 August 2023. To participate in the conference call, please make use of one of the following options:
A replay will be available on the investor relations website later on 24 August 2023.
ABOUT DOUGLAS: DOUGLAS is Europe’s leading omnichannel beauty destination. We inspire customers to live their own kind of beauty by offering an unparalleled assortment in online stores, via a partner program and in around 1,800 stores. Strengthening our successful omnichannel positioning while consistently developing the customer experience is at the heart of our strategy. In its fiscal year 2021/22, DOUGLAS generated sales of 3.65 billion euros in perfume, decorative cosmetic, skin and hair care, nutritional supplements, health care and accessories. More information is available at https://corporate.douglas.de/investors/?lang=en. 17.08.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | Douglas GmbH |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany | |
| ISIN: | XS2326497802 |
| WKN: | A3H3J7 |
| Listed: | Regulated Unofficial Market in Berlin, Frankfurt, Hamburg, Hanover, Munich, Stuttgart; Dublin |
| EQS News ID: | 1706307 |
| End of News | EQS News Service |
EQS-News: Douglas GmbH / Key word(s): Rating IR NEWS Standard & Poor’s upgrades DOUGLAS‘ outlook to stable, affirms rating
Düsseldorf, 06.07.2023. Rating agency Standard & Poor’s Global Ratings has upgraded the outlook for DOUGLAS GmbH to stable as the operating performance exceeded its expectations in 2022, with record sales of €3.7 billion and stronger margins. Although S&P expects Douglas to sustain these improvements, the effect of inflation on discretionary spending and costs, combined with rising interest rates, could curtail further improvements. While S&P anticipates that results for the full fiscal year will be in line with trading in the first six months of fiscal 2023, the rating is still constrained by Douglas’ limited capacity to generate positive FOCF after leases, as well as the high leverage. With regard to the economic environment, S&P expects that discretionary spending could be hit by high inflation, but views beauty items as less discretionary. S&P anticipates that customers will cut back their consumption of larger articles, such as washing machines, and more discretionary items, such as clothing, rather than of their beauty products.
DOUGLAS is Europe’s leading omni-channel beauty destination. We inspire customers to live their own kind of beauty by offering an unparalleled assortment in online stores, via a partner program and in around 1,800 stores. Strengthening our successful omni-channel positioning while consistently developing the customer experience is at the heart of our strategy. In its fiscal year 2021/22, DOUGLAS generated sales of 3.65 billion euros in perfume, decorative cosmetic, skin and hair care nutritional supplements, health care and accessories.
CONTACTS DOUGLAS INVESTOR RELATIONS Stefanie Steiner Head of Investor Relations and M&A Phone: +49 (0) 211 16847 8594 Email: ir@douglas.de
Peter Wübben SVP Global Communications & Sustainability Phone: +49 (0) 211 16847 664 Email: pr@douglas.de
06.07.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | Douglas GmbH |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany | |
| ISIN: | XS2326497802 |
| WKN: | A3H3J7 |
| Listed: | Regulated Unofficial Market in Berlin, Frankfurt, Hamburg, Hanover, Munich, Stuttgart; Dublin |
| EQS News ID: | 1673631 |
| End of News | EQS News Service |
EQS-News: Douglas GmbH / Key word(s): Half Year Results/Half Year Report PRESS RELEASE January - March 2023
Düsseldorf, 30 May 2023 – DOUGLAS, Europe’s leading omnichannel beauty destination, achieved strong sales growth and increased its profitability in the second quarter of the fiscal year 2022/23. Despite a continued challenging macroeconomic environment, both stores and E-Commerce contributed double-digit sales increases, underpinning DOUGLAS’ omnichannel focus as part of its strategy “Let it Bloom – DOUGLAS 2026”. For the first half of the fiscal year, the company reported net sales of 2,297.5 million euros and an adjusted EBITDA of 435.0 million euros, both significantly higher than in the first half of the previous fiscal year 2021/2022. Sander van der Laan, CEO of DOUGLAS Group, said: “As we look back on another successful quarter, it clearly shows that even in the current challenging environment of inflation and supply chain disruption, DOUGLAS’ business model proves to be resilient and well-positioned for the future. Not only do these results continue our positive trend, but our omnichannel model has also once again proven to be the right focus for us. With our new strategy ‘Let it Bloom’, we will take these strengths and build on them to further elevate our business.” Strong sales growth across all channels DOUGLAS significantly increased sales from January to March 2023 by 19.3% to 858.5 million euros, therefore growing its business for the eighth consecutive quarter. The company continued to attract customers with its unique omnichannel offering, wide product range and unrivalled beauty expertise. Alongside an increasing demand for expert advice and personal shopping, store sales grew by 19.5% (lfl: +24.5%), while E-Commerce sales also went up by 20.0% year-on-year (lfl: +12.1%). The E-Commerce business remained strong and accounted for more than one third of total Group sales. Online sales are particularly fueled by the DOUGLAS app which recorded significant growth of 27% in the second quarter and a strong uplift in both orders and monthly active users. Growth from January to March 2023 was driven by positive developments across all categories and segments. The segments DACHNL (lfl: +23.1%) and Eastern Europe (lfl: +27.6%) showed the strongest growth rates compared to the prior-year quarter. Improved profitability, strong liquidity position DOUGLAS achieved a Group operating profit (adjusted EBITDA) of 126.9 million euros in the second quarter, a 32.9% improvement year-on-year. At the same time, the corresponding adjusted EBITDA margin rose by 1.5 percentage points to 14.8%. Improved profitability was driven by a higher gross margin and ongoing cost discipline. Higher interest rates due to rate hikes by the European Central Bank led to increased financial expenses. Further potential rate increases are hedged. Nevertheless, DOUGLAS improved the second quarter net income by 45.3% to -55.6 million euros. On a half-year basis, net profit amounted to +71.0 million euros compared to -31.1 million euros in the prior-year period. In line with the usual seasonal swings, net liquidity was at 238.2 million euros. New strategy includes targeted investments in store network As part of the recently introduced strategy “Let it Bloom – DOUGLAS 2026”, DOUGLAS also strengthens its store network by increasing its investments which includes entering new markets: Since the beginning of this year, DOUGLAS has opened three stores in Ljubljana which marks the first step into the stationary business in Slovenia. The first store opening in Belgium is planned for the second half of 2023. In addition, further DOUGLAS stores opened in Portugal and Germany, with a Flagship Store in Düsseldorf specifically designed to attract a younger audience.
ABOUT DOUGLAS DOUGLAS is Europe’s leading omnichannel beauty destination. We inspire customers to live their own kind of beauty by offering an unparalleled assortment in online stores, via a partner program and in around 1,840 stores. Strengthening our successful omnichannel positioning while consistently developing the customer experience is at the heart of our strategy. In its fiscal year 2021/22, DOUGLAS generated sales of 3.65 billion euros in perfume, decorative cosmetic, skin and hair care, nutritional supplements, health care and accessories.
PRESS CONTACT Peter Wübben
30.05.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | Douglas GmbH |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany | |
| ISIN: | XS2326497802 |
| WKN: | A3H3J7 |
| Listed: | Regulated Unofficial Market in Berlin, Frankfurt, Hamburg, Hanover, Munich, Stuttgart; Dublin |
| EQS News ID: | 1644245 |
| End of News | EQS News Service |
EQS-News: Douglas GmbH / Key word(s): Half Year Report/Half Year Results INVESTOR RELATIONS RELEASE
Publication of results for the 2nd quarter 2022/23 (ending 31 March 2023) on 30 May 2023 Düsseldorf, 22 May 2023. Douglas, Europe’s leading omnichannel beauty destination, will release its results for the second quarter and first half year 2022/23 on 30 May 2023. The results release and accompanying presentation will be available through the investor relations website (https://corporate.douglas.de/investors/?lang=en). A conference call on the results will be held at 11:00 a.m. CEST on 30 May 2023. To participate in the conference call, please make use of one of the following options:
A replay will be available at the investor relations website later on 30 May 2023.
ABOUT DOUGLAS: DOUGLAS is Europe’s leading omnichannel beauty destination. We inspire customers to live their own kind of beauty by offering an unparalleled assortment in online stores, via a partner program and in around 1,800 stores. Strengthening our successful omnichannel positioning while consistently developing the customer experience is at the heart of our strategy. In its fiscal year 2021/22, DOUGLAS generated sales of 3.65 billion euros in perfume, decorative cosmetic, skin and hair care nutritional supplements, health care and accessories. More information is available at https://corporate.douglas.de/investors/?lang=en. 22.05.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | Douglas GmbH |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany | |
| ISIN: | XS2326497802 |
| WKN: | A3H3J7 |
| Listed: | Regulated Unofficial Market in Berlin, Frankfurt, Hamburg, Hanover, Munich, Stuttgart; Dublin |
| EQS News ID: | 1638357 |
| End of News | EQS News Service |
EQS-News: Douglas GmbH / Key word(s): Rating IR NEWS Fitch upgrades DOUGLAS‘ outlook to stable, affirms rating
Düsseldorf, 12.04.2023. Rating agency Fitch has upgraded the outlook for DOUGLAS GmbH to stable as it recognizes the strong recovery of the operating business post the pandemic as well as the improved EBITDA margin. DOUGLAS’ leading market position in the European beauty sector, which is less susceptible to cyclical swings, should result in an only moderate impact from a potential slowdown in consumer spending in 2023. Fitch also acknowledges the strengths of DOUGLAS’ omni-channel business model with a strong online presence and beauty stores. With this set-up the leading beauty destination offers best-in-class customer experience and advice, both essential for sustainable growth. The new assessment does not yet comprise DOUGLAS’ recently announced strategy “Let it bloom” which the company expects to significantly improve its net sales, EBITDA and cash flow profile.
ABOUT DOUGLAS DOUGLAS is Europe’s leading omni-channel beauty destination. We inspire customers to live their own kind of beauty by offering an unparalleled assortment in online stores, via a partner program and in around 1,800 stores. Strengthening our successful omni-channel positioning while consistently developing the customer experience is at the heart of our strategy. In its fiscal year 2021/22, DOUGLAS generated sales of 3.65 billion euros in perfume, decorative cosmetic, skin and hair care nutritional supplements, health care and accessories.
CONTACTS DOUGLAS INVESTOR RELATIONS Stefanie Steiner Head of Investor Relations and M&A Phone: +49 (0) 211 16847 8594 Email: ir@douglas.de
Peter Wübben SVP Global Communications & Sustainability Phone: +49 (0) 211 16847 664 Email: pr@douglas.de
12.04.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | Douglas GmbH |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany | |
| ISIN: | XS2326497802 |
| WKN: | A3H3J7 |
| Listed: | Regulated Unofficial Market in Berlin, Frankfurt, Hamburg, Hanover, Munich, Stuttgart; Dublin |
| EQS News ID: | 1605805 |
| End of News | EQS News Service |
EQS-News: Douglas GmbH / Key word(s): Strategic Company Decision PRESS RELEASE “Let it Bloom – DOUGLAS 2026”
Düsseldorf, 22 March 2023 - DOUGLAS, Europe’s leading beauty destination, unveiled its strategy program ‘Let it Bloom – DOUGLAS 2026’ – well in time with the beginning of spring. The program includes a four-year growth plan for all of its business activities. By putting customers at the center of the business model and by finetuning every relevant operational and efficiency lever, the company aims to accelerate its growth trajectory. DOUGLAS wants to grow sales, profits and cash-flow generation: until 2026, the company plans to increase the Group’s net sales to 5 billion euros (FY 2021/22: 3.65 billion euros) and its EBITDA accordingly. To enhance its customer journey, DOUGLAS wants to further develop its European footprint, E-Commerce offering, brand positioning as well as its range of brands on offer. Moreover, the company will further develop its retail media activities. In its day-to-day operations, DOUGLAS will improve efficiency with greater focus on costs, standardization and the supply chain and will develop its technological backbone. CEO Sander van der Laan says: “We have seen a tremendous comeback of our stores after the pandemic and the era of lockdowns, while E-Commerce remains strong. Our leading omni-channel business model has proven very resilient and this is exactly what we will focus on. We strongly believe in the combination of a unique stationary offer with the passionate service from our around 16,000 Beauty Advisors and a convenient online shopping experience. Both based on an outstanding brand perception as well as an attractive range of product brands on offer.” As part of the strategy program, DOUGLAS commits to targeted investments into its store network including modernization, expansion within existing markets and into new markets such as Belgium and Slovenia, as well as into further growth of the E-Commerce business, the online partner program and omni-channel integration. At the same time, the company envisages to increase profits and cash-flow generation with stricter cost management and efficiency improvements in all of its processes. To explore and to realize saving potentials, the company has conducted a comprehensive in-depth analysis, carried out by several inhouse expert teams. “This is a bottom-up driven process. We are looking into each aspect of our business to unlock efficiency gains while strengthening our market position at the same time,” said van der Laan. The strategy program ‘Let it Bloom – DOUGLAS 2026’ focuses on four strategic pillars with the DOUGLAS team as strong foundation:
Last, but not least, the foundation: Grow our CULTURE AND VALUES, lived by us: As DOUGLAS is poised to expand its leading role in the European beauty market, it will foster a performance culture supporting employees according to their individual strengths. The overall results and top priority goals of this process are to improve the customer proposition and employee satisfaction of DOUGLAS and its entities Nocibé, Parfumdreams and Niche Beauty leading to an improvement of financial performance. “We are deeply convinced, that this is the right path to accelerated growth and increased company value. We firmly believe that we have a unique company brand with outstanding people and a very successful business model. We will build on these virtues and further strengthen our market position,” said van der Laan.
ABOUT DOUGLAS DOUGLAS is Europe’s leading omni-channel beauty destination. We inspire customers to live their own kind of beauty by offering an unparalleled assortment in online stores, the partner program and around 1,800 stores. Strengthening our successful omni-channel positioning is at the heart of our strategy, under which we are consistently developing the customer experience. In fiscal year 2021/22, DOUGLAS generated sales of 3.65 billion euros in the areas of perfumery, decorative cosmetics, skin and hair care as well as nutritional supplements, health and accessories. PRESS CONTACT Peter Wübben Head of Corporate Communications & Sustainability Phone: +49 211 16847 664 E-Mail: pr@douglas.de 22.03.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | Douglas GmbH |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany | |
| ISIN: | XS2326497802 |
| WKN: | A3H3J7 |
| Listed: | Regulated Unofficial Market in Berlin, Frankfurt, Hamburg, Hanover, Munich, Stuttgart; Dublin |
| EQS News ID: | 1588601 |
| End of News | EQS News Service |
EQS-News: Douglas GmbH / Key word(s): Quarterly / Interim Statement/Quarter Results PRESS RELEASE Strong start into the fiscal year
Düsseldorf, February 17, 2023 – DOUGLAS, Europe’s leading premium beauty retailer, started the new fiscal year 2022/23 with strong growth in the first quarter. Sander van der Laan, CEO of DOUGLAS Group, said: “Against the backdrop of the volatile market environment, DOUGLAS had an exceptionally strong Christmas quarter both in terms of sales and profits. Our omnichannel business model proved to be a differentiating factor and allowed us to attract customers and increase sales. When it comes to premium beauty, consumer behavior remained largely intact in an inflationary environment. Customers were won over by our attractive product range and the expert advice provided by our teams. While we remain cautious about the overall economic environment in the upcoming quarters, we will continue to further enhance our offering and strengthen our operating model.” Sales growth across all channels From its strong market position, DOUGLAS significantly increased its sales and earnings from October to December 2022. The company recorded strong growth in sales of 11.5% to 1.44 billion euros (lfl: +13.4%) and therefore continued to expand its business for the seventh consecutive quarter. The good results were driven by both stores and E-Commerce. While store sales rose significantly compared to the previous year Growth in the first quarter stems from solid performance across segments, all of which contributed positively to this improvement. The segments DACHNL and CEE in particular stood out and accounted for the largest share of sales growth in both channels. France and Southern Europe also developed positively with the latter performing well even in spite of substantial store closures in Spain. Strengthened profitability and liquidity position Group operating profit (adjusted EBITDA) rose by 19.7% to 308.1 million euros in the first quarter. Adjusted EBITDA margin also improved by 1.5 percentage points to 21.4%. The improved profitability resulted from the strong increase in sales combined with continued discipline in expenditures. Together with lower financial expenses this led to a rise in net income of 79.3% to 126.7 million euros. Thanks to the successful first quarter, net liquidity reached 516.7 million euros. From now on, DOUGLAS is reporting its results exclusively in accordance with IFRS 16; therefore, all results of the current fiscal year 2022/23 will be reported under IFRS 16 as well. In this context, all comparative reporting figures have been adjusted accordingly. Growth across all product categories Business performance in the first quarter of the financial year was underpinned in particular by the very successful and eventful months of November and December, including the respective sales highlights of Black Friday and Christmas. Notably, the strong development in the high-volume sales quarter from October to December was achieved against a background of persisting supply chain constraints. Corresponding to the successful Christmas season, all product categories showed strong growth rates. Fragrance, the largest category, achieved a further increase in sales from an already high level. Momentum was even stronger in make-up, with lipstick sales up more than 50% compared to the previous year. Coinciding with Christmas, there was also a strong demand for Advent calendars such as the internationally launched DOUGLAS Exclusive Advent Calendar. Hollywood Star Diane Kruger and actor Elyas M’Barek as new faces of DOUGLAS DOUGLAS has recently introduced a new visual brand communication across Europe, both in its stores and online. The internationally renowned actors Diane Kruger and Elyas M'Barek replaced the previous Lindbergh photos as the new faces of DOUGLAS. The launch was marked by the international campaign "Beauty is ...", as Europe's leading platform for premium beauty wants to set an impulse for the individual interpretation of beauty.
ABOUT DOUGLAS DOUGLAS is the leading premium beauty retailer in Europe. DOUGLAS inspires customers to live their own kind of beauty by offering an unparalleled assortment in online stores, the partner program and around 1,800 stores. The further development of our successful omnichannel positioning is at the heart of our strategy, under which we are consistently expanding both our Store experience and strong E-Commerce. In fiscal year 2021/22, DOUGLAS generated sales of 3.65 billion euros in the areas of perfumery, decorative cosmetics, skin and hair care as well as nutritional supplements, health and accessories. PRESS CONTACT Peter Wübben Head of Corporate Communications & Sustainability Phone: +49 211 16847 8569 E-Mail: pr@douglas.de
OVERVIEW FINANCIAL RESULTS*
17.02.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | Douglas GmbH |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany | |
| ISIN: | XS2326497802 |
| WKN: | A3H3J7 |
| Listed: | Regulated Unofficial Market in Berlin, Frankfurt, Hamburg, Hanover, Munich, Stuttgart; Dublin |
| EQS News ID: | 1562245 |
| End of News | EQS News Service |
EQS-News: Douglas GmbH / Key word(s): Interim Report/Conference PRESS RELEASE Release of results for the 1st quarter 2022/23 (ending 31 December 2022) on 17 February 2023 Düsseldorf, 13 February 2023. Douglas, Europe’s leading premium beauty platform, will release its results for the first quarter 2022/23 on 17 February 2023. The results release and accompanying presentation will be available through the Investor Relations website (https://corporate.douglas.de/investors/?lang=en). A conference call on the results will be held at 11:00 a.m. CET on 17 February 2023. To participate in the Conference, please make use of one of the following options:
A replay will be available at the Investor Relations website later on 17 February 2023.
ABOUT DOUGLAS: DOUGLAS is Europe’s leading platform for premium beauty and health. Offering nearly 300,000 beauty, health and lifestyle products in online shops, the partner program and around 1,900 stores, DOUGLAS inspires customers to live their own kind of beauty by offering a previously unparalleled assortment. The further development of our successful omnichannel positioning is at the heart of our #FORWARDBEAUTY.DigitalFirst strategy, under which we are consistently expanding both our strong E-Commerce and store experience. In fiscal year 2020/21, DOUGLAS generated sales of 3.1 billion euros in the areas of perfumery, decorative cosmetics, skin and hair care as well as nutritional supplements, health and accessories. More information is available at https://corporate.douglas.de/investors/?lang=en. 13.02.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | Douglas GmbH |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany | |
| ISIN: | XS2326497802 |
| WKN: | A3H3J7 |
| Listed: | Regulated Unofficial Market in Berlin, Frankfurt, Hamburg, Hanover, Munich, Stuttgart; Dublin |
| EQS News ID: | 1558195 |
| End of News | EQS News Service |
EQS-News: Douglas GmbH / Key word(s): Annual Report PRESS RELEASE 4th quarter and full year 2021/22 Resilient business model: DOUGLAS with further sales and earnings growth Q4 2021/22 performance:
Full year 2021/22 performance:
Düsseldorf, December 20, 2022 - DOUGLAS, the leading premium beauty retailer in Sander van der Laan, CEO of DOUGLAS Group, said: “The positive sales performance in a difficult economic environment demonstrates how strongly DOUGLAS has been positioned in the past years with its omnichannel model. The combination of an attractive store business and an almost unique online offering has made the company more Sales growth in six consecutive quarters In the fourth quarter of the 2021/22 fiscal year (July to September 2022), DOUGLAS increased sales by 7.6 percent to 809.7 million euros (lfl: +10.2 percent). This marks the sixth consecutive quarter in which the company has expanded its business. At the same time, quarterly sales (lfl) were 20.6 percent above the pre-COVID level (2018/19). E‑Commerce sales (including the Dutch online pharmacy Disapo B.V.) increased by 16.7 percent to 247.2 million euros compared to the prior-year quarter. This means that the E‑Commerce share of total sales remains 30.5 percent (pre-COVID: 16.9 percent). Quarterly Store sales rose by 3.0 percent year-on-year to 556.6 million euros Full-year sales up on previous year and pre-COVID level With the increase of its total sales compared to the previous year and compared to pre-COVID levels, DOUGLAS underlined its position as the leading premium beauty retailer in both stores and E-Commerce. Store sales rose by 27.4 percent to around 2.44 billion euros (lfl: +40.9 percent). This was also due to the easing of pandemic restrictions during the fiscal year. E-Commerce generated annual sales of around 1.2 billion euros (including the Dutch online pharmacy Disapo B.V.), down slightly by minus 0.7 percent compared to previous year, when stores had been closed for months across Europe due to the pandemic. Compared with the period before COVID, online sales more than doubled. Group operating profit (adjusted EBITDA) also saw a significant increase of 49.4 percent year-on-year to 325.5 million euros (previous year: 217.8 million euros), almost matching pre-COVID levels. Group CFO Mark Langer said: “The results prove that we are on the right track. Our performance this year was also strengthened by the return of social life after COVID restrictions were eased. Less mask-wearing means more make-up and more lipsticks. And the strong mix of our store and online offer, unique shopping experiences, customer-focused marketing and exclusive offers such as Billie Eilish’s fragrance has been met with catch-up demand from customers.” The net profit of minus 306.5 million euros for the fiscal year was impacted by one-off non-cash goodwill impairments of 231.9 million euros due to the significant rise in interest rates. Earnings were also impacted by the acquired online pharmacy Disapo B.V. as well as restructuring expenses for store closures, among other things. This was counteracted by a capitalization of deferred taxes, which led to a tax relief of 43.2 million euros. Good start to new fiscal year 2022/23 – business environment remains challenging DOUGLAS made a good start to the new 2022/23 fiscal year and thus the Christmas business. Strong sales days such as “Singles’ Day”, “Black Friday” and “Cyber Monday” already proved very satisfactory both online and in the stores. “This time of the year is the most important in our business,” said van der Laan. “We are at the climax of the Christmas season. I would like to thank all our colleagues for their great efforts and commitment to DOUGLAS and our customers. At the same time, the economic environment remains challenging: inflation, decreasing purchasing power of private households and supply chain disruptions will go on and could also have a noticeable impact on our business. Therefore, as well as expanding our omnichannel strategy and maintaining a strict customer orientation, we are keeping a strong focus on costs and cash management and thus on the earnings situation.”
ABOUT DOUGLAS DOUGLAS is the leading premium beauty retailer in Europe. With around 300,000 beauty, health and lifestyle products in online stores, the partner program and around 1,800 stores, DOUGLAS inspires customers to live their own kind of beauty by offering an unparalleled assortment. The further development of our successful omnichannel positioning is at the heart of our strategy, under which we are consistently expanding both our Store experience and strong E-Commerce. In fiscal year 2021/22, DOUGLAS generated sales of 3.65 billion euros in the areas of perfumery, decorative cosmetics, skin and hair care as well as nutritional supplements, health and accessories.
PRESS CONTACT: Peter Wübben Head of Corporate Communications & Sustainability Phone: +49 211 16847 8569 E-Mail: pr@douglas.de
OVERVIEW FINANCIAL RESULTS
20.12.2022 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | Douglas GmbH |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany | |
| ISIN: | XS2326497802 |
| WKN: | A3H3J7 |
| Listed: | Regulated Unofficial Market in Berlin, Frankfurt, Hamburg, Hanover, Munich, Stuttgart; Dublin |
| EQS News ID: | 1517021 |
| End of News | EQS News Service |
EQS-News: Douglas GmbH / Key word(s): Annual Results/Conference PRESS RELEASE Release of results for the 4th quarter and full year 2021/22 (ending 30 September 2022) on 20 December 2022 Düsseldorf, 14 December 2022. Douglas, Europe’s leading premium beauty platform, will release its results for the fourth quarter and full year 2021/22 on 20 December 2022. The results release and accompanying presentation will be available through the Investor Relations website (https://corporate.douglas.de/investors/?lang=en). A conference call on the results will be held at 11:00 a.m. CET on 20 December 2022. To participate in the Conference, please make use of one of the following options:
A replay will be available at the Investor Relations website later on 20 December 2022.
ABOUT DOUGLAS: DOUGLAS is Europe’s leading platform for premium beauty and health. Offering nearly 300,000 beauty, health and lifestyle products in online shops, the partner program and around 1,900 stores, DOUGLAS inspires customers to live their own kind of beauty by offering a previously unparalleled assortment. The further development of our successful omnichannel positioning is at the heart of our #FORWARDBEAUTY.DigitalFirst strategy, under which we are consistently expanding both our strong E-Commerce and store experience. In fiscal year 2020/21, DOUGLAS generated sales of 3.1 billion euros in the areas of perfumery, decorative cosmetics, skin and hair care as well as nutritional supplements, health and accessories. More information is available at https://corporate.douglas.de/investors/?lang=en. 14.12.2022 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | Douglas GmbH |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany | |
| ISIN: | XS2326497802 |
| WKN: | A3H3J7 |
| Listed: | Regulated Unofficial Market in Berlin, Frankfurt, Hamburg, Hanover, Munich, Stuttgart; Dublin |
| EQS News ID: | 1513527 |
| End of News | EQS News Service |
EQS-News: Douglas GmbH / Key word(s): Miscellaneous The Post-Closing Reorganization described in the Offering Memorandum dated 26 March 2021 has been completed. 08.12.2022 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | Douglas GmbH |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany | |
| ISIN: | XS2326497802 |
| WKN: | A3H3J7 |
| Listed: | Regulated Unofficial Market in Berlin, Frankfurt, Hamburg, Hanover, Munich, Stuttgart; Dublin |
| EQS News ID: | 1508853 |
| End of News | EQS News Service |
EQS-News: Douglas GmbH / Key word(s): Personnel PRESS RELEASE Sander van der Laan appointed as new DOUGLAS CEO – Tina Müller joins the Supervisory Board Düsseldorf, 20.10.2022 DOUGLAS, Europe’s leading provider of premium beauty and health products, today announced a leadership change: Sander van der Laan (54) will become CEO of the company as of November 1, 2022. He will succeed Tina Müller (54), who decided to resign at her own request and will join the Supervisory Board after five successful years as CEO of DOUGLAS. “I am delighted that we have won Sander van der Laan as CEO of DOUGLAS. He is an excellent manager with proven experience in the retail industry and a strong leadership personality. I would like to thank Tina Müller on behalf of the entire Supervisory Board for her outstanding contribution to the company's success and regret her departure," said Henning Kreke, Chairman of the Supervisory Board of DOUGLAS. "In the last years, she has redefined DOUGLAS' strategy and successfully driven the company's transformation into Europe's leading digital premium beauty platform. We are very pleased that we will continue to benefit from her expertise and experience as a member of the Supervisory Board.” Alexander Dibelius, CEO Germany of CVC, the majority shareholder of DOUGLAS, said: “With Sander van der Laan, we welcome an experienced manager with an outstanding track record at renowned retailers and brand manufacturers. We are very much looking forward to joining forces. Tina Müller has laid an excellent foundation: She has geared DOUGLAS towards a modern and digital direction. At the same time, she has tripled e-commerce sales, achieved record sales and an excellent result this year after steering the company safely through the pandemic. We thank her for her outstanding commitment to the company and its employees.” Tina Müller said: “It was my great pleasure to lead DOUGLAS into a new era together with an outstanding team, who has always put our customers first. I am truly proud that together we have created Europe's largest premium beauty and health platform. Now is the right time for me to take the next step. In the coming years, I want to set new and different impulses. I would like to express my gratitude to all DOUGLAS employees and brand partners for their support and great trust. In addition, I would also like to thank our customers for their fantastic support over the past years. I am delighted that Sander van der Laan, a recognized and experienced top manager, is taking over at DOUGLAS. I am certain that he will successfully lead the company and I wish him and all colleagues the very best.” Sander van der Laan most recently steered the fortunes of Dutch non-food retailer Action as CEO for more than six years. Under his leadership, the company's sales increased from 2 to over 5 billion euros. He also played a key role in driving Action's international expansion in ten European countries, further developing the brand and product range and successfully establishing the company's digital interface. Prior to joining Action, he spent over 16 years in various management positions at the listed retail company Ahold Delhaize – most recently as CEO of the leading Dutch retail chain Albert Heijn. During this time, he was responsible for the transformation of Albert Heijn into a multi-channel brand and headed the company's expansion into new markets. “Sander van der Laan has extensive management expertise in the retail sector combined with an outstanding track record in driving sales, marketing, supply chain management and digitalization. Within a few years, he significantly increased Action's sales and operating profit. This makes him an ideal candidate to lead DOUGLAS into the next phase. In particular, this will include optimizing backbone processes to match the e-commerce business, fully integrating the pharmacy portfolio, and further strengthening profitability,” said Kreke. “DOUGLAS has undergone an extraordinary development in the last few years," said van der Laan. "I am looking forward to contributing my experience and continuing the company's success story together with an accomplished team.” Since she was appointed CEO in November 2017, Tina Müller has successfully realigned DOUGLAS' strategy. In addition to the strong focus on e-commerce, she repositioned DOUGLAS with a successful brand relaunch and refined the shopping experience in the stores substantially. Most recently, Tina Müller restructured the European store network and laid the foundation for the company's expansion into the highly attractive growing online pharmacy market with the acquisition of the Dutch mail-order pharmacy Disapo.
ABOUT DOUGLAS DOUGLAS is Europe’s leading platform for premium beauty and health. Offering nearly 300,000 beauty, health and lifestyle products in online shops, the partner program and around 1,900 stores, DOUGLAS inspires customers to live their own kind of beauty by offering a previously unparalleled assortment. The further development of our successful omnichannel positioning is at the heart of our #FORWARDBEAUTY.DigitalFirst strategy, under which we are consistently expanding both our strong E-Commerce and store experience. In fiscal year 2020/21, DOUGLAS generated sales of 3.1 billion euros in the areas of perfumery, decorative cosmetics, skin and hair care as well as nutritional supplements, health and accessories. PRESS CONTACT Peter Wübben, Corporate Communications, DOUGLAS Phone: +49 (0) 211 16847 8569 E-mail: pr@douglas.de
20.10.2022 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | Douglas GmbH |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany | |
| ISIN: | XS2326497802 |
| WKN: | A3H3J7 |
| Listed: | Regulated Unofficial Market in Berlin, Frankfurt, Hamburg, Hanover, Munich, Stuttgart; Dublin |
| EQS News ID: | 1467917 |
| End of News | EQS News Service |
DGAP-News: Douglas GmbH / Key word(s): 9 Month figures/Quarter Results PRESS RELEASE Sales above pre-COVID level DOUGLAS continues to accelerate growth in the third quarter - significant increase in sales and earnings
Düsseldorf, 23 August 2022. DOUGLAS, Europe's leading provider of premium beauty and health products, significantly increased its sales and operating result in the third quarter of fiscal year 2021/22 (April to June). DOUGLAS achieved noticeable growth compared to both the previous year and the quarter before the start of the pandemic. This means that the positive trend in the current fiscal year has continued: the store business, for example, achieved significant sales growth compared to the prior-year quarter, following the removal of the COVID restrictions, and is even above the pre-COVID level (+2 percent on a like-for-like basis). At the same time, the E-Commerce business has stabilized at a high level. "The return to our stores is driving our growth and demonstrates the high demand for personal in-store advice," said Tina Müller, CEO DOUGLAS Group. "At the same time, we have managed to maintain online sales at a consistently high level. This successful combination of revitalized store business and strong E-Commerce speaks for our unique business model. In sum, this makes us stronger than before the pandemic." Significant growth in sales In the third quarter of 2021/22, Europe's leading premium beauty and health platform increased sales by around 30 percent to 830 million euros; on a like-for-like basis, the rise amounted to around 35 percent. Group sales on a like-for-like basis were thus 21 percent above the pre-COVID level. Sales from E-Commerce (including Dutch online pharmacy Disapo B.V.) increased by 5.3 percent to 276 million euros compared to the prior-year quarter. This means that E-Commerce now accounts for more than 33% of total sales (pre-COVID: 17.3%). Overall, sales in the online business were twice as high (+110 percent) as before the outbreak of the pandemic. In the Brick & Mortar business, sales rose by 47.5 percent compared with the previous year to 554 million euros, representing like-for-like growth of 66.5 percent. Customers' desire for personal advice and the return of social, leisure and evening events played a major part in these higher sales. The significant improvement in sales was driven in particular by the DACHNL region, where like-for-like sales doubled. In France and Central Eastern Europe, like-for-like store sales increased by more than 50 percent respectively. Substantial improvement in profitability Group operating profit (adjusted EBITDA) more than doubled in the third quarter, rising by 40 million euros to 64 million euros. The EBITDA margin increased to 7.7 percent (previous year: 3.7 percent). The improvement in profitability resulted from sales growth, savings from the Store Optimization Program (SOP) and ongoing consistent cost management. In the first nine months of the fiscal year 2021/22 (October 2021 to June 2022), DOUGLAS increased sales by 20 percent to more than 2.8 billion euros, representing a like-for-like increase of 27 percent. The operating profit (adjusted EBITDA) improved by 45 percent to 280 million euros. "The results of the past quarter prove that our #FORWARDBEAUTY strategy is taking hold. At the same time, it demonstrates the resilience of our business model, with two strong and closely integrated sales channels, in an increasingly challenging market environment," said Tina Müller. "Seeing this business development gives us encouragement to consistently pursue our strategic course, to drive forward core initiatives such as the expansion of the pharmacy range, and to strengthen our online offering and our stores with targeted modernizations and expansions." Following the successful acquisition of Dutch online pharmacy Disapo B.V., DOUGLAS started the expansion of its pharmacy range in May. Around 11,000 non-prescription products have since been available in the German DOUGLAS online store via the partner program. This launch as part of the online partner program was accompanied by a broad advertising campaign in June, which focused on the advantages of having numerous pharmacy products easily available via the DOUGLAS platform. As part of the expansion of the pharmacy product range, DOUGLAS will be hosting its first Beauty + Health Summit at the beginning of September, where customers will be able to find out more about the latest innovations and trends. With this event, featuring numerous doctors as guest speakers, DOUGLAS is underpinning its expertise in the area of health. Marking a further milestone in the expansion of its exclusive range of products and customer services, DOUGLAS will open its new luxury store with Beauty Suite on Düsseldorf's shopping boulevard Königsallee at the end of August. Customers at the store will enjoy a unique experience of shopping and personal in-store advice. Within the product categories, fragrances and make-up in particular made significant sales gains in the past quarter, following increased demand from customers for skin and hair care products during the lockdowns. The launch of Billie Eilish's perfume was a notable success. The fragrance has been available exclusively from DOUGLAS throughout Europe since June and is already one of the strongest market launches of the past 12 months.
ABOUT DOUGLAS: DOUGLAS is Europe’s leading platform for premium beauty and health. Offering nearly 300,000 beauty, health and lifestyle products in online shops, the partner program and around 1,900 stores, DOUGLAS inspires customers to live their own kind of beauty by offering a previously unparalleled assortment. The further development of our successful omnichannel positioning is at the heart of our #FORWARDBEAUTY.DigitalFirst strategy, under which we are consistently expanding both our strong E-Commerce and store experience. In fiscal year 2020/21, DOUGLAS generated sales of 3.1 billion euros in the areas of perfumery, decorative cosmetics, skin and hair care as well as nutritional supplements, health and accessories. PRESS CONTACT: Peter Wübben Head of Corporate Communications & Sustainability Phone: : +49 211 16847 8569 Mail: pr@douglas.de
OVERVIEW FINANCIAL RESULTS
23.08.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
| Language: | English |
| Company: | Douglas GmbH |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany | |
| ISIN: | XS2326497802 |
| WKN: | A3H3J7 |
| Listed: | Regulated Unofficial Market in Berlin, Frankfurt, Hamburg, Hanover, Munich, Stuttgart; Dublin |
| EQS News ID: | 1425683 |
| End of News | DGAP News Service |
DGAP-News: Douglas GmbH / Key word(s): Conference/9 Month figures PRESS RELEASE
Release of results for the third quarter and nine months 2021/22 (ending 30 June 2022) on 23 August 2022 Düsseldorf, 18 August 2022. Douglas, Europe’s leading premium beauty platform, will release its results for the third quarter and first nine months 2021/22 on 23 August 2022. The results release and accompanying presentation will be available through the Investor Relations website (http://ir.douglas.de/). A conference call on the results will be held at 11:00 a.m. CET on 23 August 2022. To participate in the Conference, please make use of one of the following options:
A replay will be available at the Investor Relations website later on 23 August 2022.
ABOUT DOUGLAS: DOUGLAS is Europe’s leading platform for premium beauty and health. Offering almost 200,000 beauty, health and lifestyle products in online shops, the partner program and around 2,000 stores, DOUGLAS inspires customers to live their own kind of beauty by offering a previously unparalleled assortment. The further development of our successful omnichannel positioning is at the heart of our #FORWARDBEAUTY.DigitalFirst strategy, under which we are consistently expanding both our strong e-commerce and store experience. In fiscal year 2020/21, DOUGLAS generated sales of 3.1 billion euros in the areas of perfumery, decorative cosmetics, skin and hair care as well as nutritional supplements, health and accessories. More information is available at https://corporate.douglas.de/investors/?lang=en. 19.08.2022 CET/CEST Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
| Language: | English |
| Company: | Douglas GmbH |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany | |
| ISIN: | XS2326497802 |
| WKN: | A3H3J7 |
| Listed: | Regulated Unofficial Market in Berlin, Frankfurt, Hamburg, Hanover, Munich, Stuttgart; Dublin |
| EQS News ID: | 1424027 |
| End of News | DGAP News Service |
DGAP-News: Douglas GmbH / Key word(s): Conference/9 Month figures PRESS RELEASE Release of results for the third quarter and nine months 2021/22 (ending 30 June 2022) on 23 August 2022 Düsseldorf, 17 August 2022. DOUGLAS, Europe’s leading premium beauty platform, will release its results for the third quarter and first nine months 2021/22 on 23 August 2022. The results release and accompanying presentation will be available through the Investor Relations website (http://ir.douglas.de/). A conference call on the results will be held at 11:00 a.m. CET on 25 May 2022. To participate in the Conference, please make use of one of the following options:
A replay will be available at the Investor Relations website later on 23 August 2022.
ABOUT DOUGLAS: DOUGLAS is Europe’s leading platform for premium beauty and health. Offering almost 200,000 beauty, health and lifestyle products in online shops, the partner program and around 2,000 stores, DOUGLAS inspires customers to live their own kind of beauty by offering a previously unparalleled assortment. The further development of our successful omnichannel positioning is at the heart of our #FORWARDBEAUTY.DigitalFirst strategy, under which we are consistently expanding both our strong e-commerce and store experience. In fiscal year 2020/21, DOUGLAS generated sales of 3.1 billion euros in the areas of perfumery, decorative cosmetics, skin and hair care as well as nutritional supplements, health and accessories. More information is available at https://corporate.douglas.de/investors/?lang=en. 17.08.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
| Language: | English |
| Company: | Douglas GmbH |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany | |
| ISIN: | XS2326497802 |
| WKN: | A3H3J7 |
| Listed: | Regulated Unofficial Market in Berlin, Frankfurt, Hamburg, Hanover, Munich, Stuttgart; Dublin |
| EQS News ID: | 1422815 |
| End of News | DGAP News Service |
DGAP-News: Douglas GmbH / Key word(s): Sustainability PRESS RELEASE ESG Report 2021
Düsseldorf, 8 June 2022. DOUGLAS aims to become a driving force for greater sustainability in the beauty industry. In its assortment and especially in its premium beauty products, Europe's leading provider is increasingly focusing on clean beauty and natural cosmetics. As such, the range of sustainable cosmetic and beauty products is to be significantly increased in close cooperation with manufacturers and suppliers. DOUGLAS is also striving to become climate-neutral in its own business operations by the end of 2025. In terms of diversity and gender equality, the Düsseldorf-based company is already a leader: more than half of the Group's management positions are already held by women. "As Europe's leading provider of premium beauty, we are aware of our great ecological and social responsibility," said Tina Müller, DOUGLAS Group CEO. "At the same time, the expectations of our customers have grown significantly: Sustainability considerations are among the key purchasing criteria, alongside quality and price. Therefore, our ambition is to be a leading player in the beauty industry in terms of sustainability. Sustainable thinking and action must be among the top priorities, both in our own activities and in our cooperation with suppliers and business partners." The comprehensive sustainability report [https://corporate.douglas.de/esg-report/?lang=en] now published by DOUGLAS focuses on four areas of action: People, Products, Planet and Governance, within which the following key topics have been prioritized: - Customer satisfaction and shopping experience - Diversity, equality and inclusion - Employee engagement - Sustainable assortment, especially for own brands - Reduction of CO2 emissions - Resource efficiency - ESG commitment of the management In line with these topics, DOUGLAS has formulated mandatory, qualitative and quantitative goals as well as intentions for the coming years. "We will measure ourselves against our plans and promises and communicate progress continuously and transparently," said Tina Müller. "Together with our employees, customers and business partners, we want to anchor sustainability as an integral element in every area of our business. This starts with raising awareness, continues through changes in attitude and behavior, and evolves into specific measures and projects, ultimately resulting in tangible and powerful results." Among other things, DOUGLAS has set itself the goal of reducing CO2e emissions in its own business operations ("Scope 1 and 2") by at least half by the end of 2025 compared to the base year of 2019. In order to become climate neutral, DOUGLAS will close the gap in 2025 and compensate unavoidable emissions using certified standards. In addition, Europe's market leader in the beauty sector intends to boost its efficient use of materials. In order to conserve valuable resources, DOUGLAS is looking at various ways to increase the share of recycled materials while reducing the amount of waste generated within the company. Simultaneously, the company intends to establish a waste system that is broken down by material and type of disposal, thus allowing consumers to see where glass, paper and other recyclable materials end up. A comparatively positive development can already be observed in the e-commerce return rates: the volume of returns has already fallen by around a third between 2019 and 2021 to 4.4% of the shipments delivered. All returns in Germany that cannot be resold but are suitable for donation are given to charitable organizations such as "Die Tafel Düsseldorf e. V." and "Bürgerstiftung". In the area of Products, DOUGLAS already identifies clean beauty products throughout its assortment with a dedicated label. In the case of its own brands, DOUGLAS has set itself the clear goal of becoming a pioneer in sustainability, as the company has a direct influence on the development and manufacturing of the products in this area. Numerous advances have already been made at DOUGLAS Brands: - almost 100% of the new DOUGLAS Brands products launched since 2020 are free of microplastics - more than 40% of the products launched in the 2021/22 fiscal year fall into the clean beauty category - 93% of the products launched since 2020/21 financial year are vegan - 63% of the new DOUGLAS Brands products launched in the financial year 2021/22 will be FSC-compliant - more than 50% of all new DOUGLAS Brands products will be using recycled material by 2030 - 85% of DOUGLAS Brands are already produced in the EU "We are proud of these key figures. At the same time, we are determined to keep up the fast pace when it comes to improving the environmental performance of our own brands," said Susanne Cornelius, DOUGLAS Brands CEO. "This applies to every aspect of the product: manufacturing, ingredients, packaging materials, disposal. We can only truly speak of sustainability if we take a holistic view and approach. This includes DOUGLAS Brands partnering with Plastic Bank." The organization builds ethical recycling ecosystems in vulnerable coastal communities. The collectors receive bonuses for the plastic they collect, which help them meet their families' basic needs, such as food or school fees." As part of the cooperation, a contribution will be made to Plastic Bank for each item sold from the DOUGLAS "Home Spa" and "Essential" private labels. DOUGLAS is not only focusing on greater sustainability of its own brands but also on its cooperation with business partners. "We already expect and demand a corresponding attitude from our suppliers and we incorporate this into all discussions," explained Tina Müller. "In addition, we expressly welcome the recent efforts of various manufacturers to determine the ecological footprint at the product level and to make it transparent for customers. This will be a giant step forward in the beauty industry’s efforts to promote sustainable consumption more effectively." In the People sector, DOUGLAS is already a leader on several parameters. Diversity, tolerance and mutual respect are practiced core values of the Group’s corporate culture; its Purpose is based on a togetherness in which all people "feel seen, heard and valued." The internal motto is: "We open all eyes to the beauty of uniqueness, bring it to life and make life itself more beautiful." Tina Müller adds: "We do not discriminate between skin color, origin, sexual orientation or personal pronouns. DOUGLAS sees itself as a democratic and inclusive brand that stands for an open and diverse society. As an employer, DOUGLAS practices equal treatment, tolerance and equal opportunities at all levels of the workforce." For example, DOUGLAS was the first company to receive full BeyondGenderAgenda (BGA) certification. More than half of the management positions are already occupied by women. Employee satisfaction is of paramount importance to DOUGLAS, which is why the company is preparing an employee Net Promoter Score (eNPS) for the entire organization in 2022. At the same time, great importance is attached to training: a dual study program is offered at the company headquarters, giving high school graduates the opportunity to combine a 3.5-year bachelor's degree with a practical component in various areas. To ensure a high level of customer satisfaction, comprehensive analysis systems have been implemented, such as the Net Promoter Score (NPS) for transactions. As part of Governance, the management has committed to the ambitious sustainability strategy, which will be reinforced from fiscal year 2022/23 onwards by linking components of management compensation to progress in sustainability. With regard to compliance, anti-corruption, transparency and data protection, DOUGLAS has also introduced mechanisms, systems and processes to ensure fairness and legal compliance. The DOUGLAS Code of Conduct, for example, sets out commitments to responsible business practices for all employees and business partners. ABOUT DOUGLAS DOUGLAS is Europe’s leading platform for premium beauty. Offering almost 200,000 beauty, health and lifestyle products in online shops, the partner program and around 2,000 stores, DOUGLAS inspires customers to live their own kind of beauty by offering a previously unparalleled assortment. The further development of our successful omnichannel positioning is at the heart of our #FORWARDBEAUTY.DigitalFirst strategy, under which we are consistently expanding both our strong e-commerce and store experience. In fiscal year 2020/21, DOUGLAS generated sales of 3.1 billion euros in the areas of perfumery, decorative cosmetics, skin and hair care as well as nutritional supplements, health and accessories. PRESS CONTACT Peter Wübben 08.06.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
| Language: | English |
| Company: | Douglas GmbH |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany | |
| ISIN: | XS2326497802 |
| WKN: | A3H3J7 |
| Listed: | Regulated Unofficial Market in Berlin, Frankfurt, Hamburg, Hanover, Munich, Stuttgart; Dublin |
| EQS News ID: | 1370777 |
| End of News | DGAP News Service |
DGAP-News: Douglas GmbH / Key word(s): Quarter Results/Quarterly / Interim Statement PRESS RELEASE DOUGLAS reports strong sales and earnings growth in second quarter - Group sales significantly above pre-COVID-19 level
Düsseldorf, 25 May 2022. DOUGLAS, Europe's leading premium beauty group, continued its growth course in the second quarter of the fiscal year 2021/22 and significantly increased sales and earnings. Both year-on-year and compared to the pre-COVID-19 quarter of 2019, the Düsseldorf-based company posted significant gains and won further market share in Germany. In particular, the brick & mortar business picked up noticeably following the relaxation of COVID restrictions in the months from January to March of this year, more than doubling sales year-on-year. As expected, some of the online business shifted back to the stores, but overall it remained at a very high level. "We are now seeing the ratios of online and store sales starting to rebalance after the end of the lockdowns," said Tina Müller, DOUGLAS Group CEO. "For example, we had e-commerce sales in the second quarter that were twice as high as in pre-COVID-19 times. It is pleasing that we were able to maintain this high level while also achieving disproportionately strong growth in our store business. This shows that our Beauty Platform-Strategy approach is proving to be the right business model." Significant sales and earnings growth in the second quarter In the second quarter of 2021/22, Europe's leading premium beauty group increased its sales by around 31 percent to 719 million euros; in like-for-like terms, the rise even amounted to around 39 percent. Group like-for-like sales were thus 12.0 percent higher than before the outbreak of the COVID-19 pandemic. As expected, in the course of stores reopening, a certain amount of sales shifted back from online retail to brick & mortar business, although the level of e-commerce remained very high. Sales in the online business, which DOUGLAS has strategically expanded in recent years, thus amounted to 250 million euros (-14.3 percent vs. prior-year quarter), more than double the figure recorded in the pre-COVID-19 quarter of 2019. "We are satisfied with this sales performance while the profitability of the e-commerce business remains strong," said DOUGLAS Group CDO Vanessa Stützle, . "This demonstrates the strengths of our business model, that through our loyalty program we can target and serve customers in a personalized way, depending on their preferences in the channel of their choice. The rapid integration of Disapo already enables us to offer dermacosmetic and OTC products and will help us to further expand our leading position in the beauty and beauty-related health market." In the store business, like-for-like sales increased by 117.3 percent year-on-year to 471 million euros following the reopenings. All regions contributed to the significant sales increase, in particular German-speaking Europe, France and Eastern Europe. DOUGLAS was also able to win back customers who had to migrate to other distribution channels such as drugstores during the COVID-related closures for certain product categories. In addition, it can be observed that customers who used the DOUGLAS online store during the lockdowns are now returning to the brick & mortar stores, thus remaining loyal to the brand. "This once again underlines the strength of our omnichannel business model as well as our brand: our customers remain in the DOUGLAS cosmos. This would not have been possible as a pure online retailer," said Tina Müller. The Group operating result (adjusted EBITDA) rose in the second quarter by 26.5 million euros to 25 million euros, following a negative result in the prior-year quarter. In addition to the increase in sales, the improvement is attributable to consistent cost management and further savings from the “Store Optimization Program” (SOP). The EBITDA margin increased accordingly to 3.5 percent, in the entire first half of 2021/22, it amounted to 10.7 percent. The earnings contribution in the second quarter is seasonally lower than in the rest of the year; in addition, the Easter business in 2022 took place in the current third quarter. In the entire first half of 2021/22, i.e. the months of October 2021 to March 2022 inclusive, DOUGLAS increased sales by 16.9 percent to approximately 2 billion euros, while operating earnings (adjusted EBITDA) improved by 27.3 percent to 216 million euros. "This development shows that we are on a very good path," said Tina Müller. "Nevertheless, it is unfortunately not yet possible to make a reliable forecast as to the ratio to which store and online sales will readjust in the long-term following the COVID restrictions." In February, DOUGLAS announced its entry into the healthcare market through the planned acquisition of the Dutch online pharmacy Disapo B.V.. The transaction closing has since taken place. Since the end of April, DOUGLAS customers have been able to purchase dermacosmetics and over-the-counter products via the partner program in the online store. DOUGLAS plans to extend this offer to various European countries in the course of the year. ABOUT DOUGLAS: DOUGLAS is the leading premium beauty group in Europe. Offering more than 200,000 beauty and lifestyle products in online shops, the beauty marketplace and around 2,000 stores, DOUGLAS inspires customers to live their own kind of beauty by offering a previously unparalleled assortment. The continued expansion of the strong e-commerce business is the focus of the #FORWARDBEAUTY.DigitalFirst strategy program. In fiscal year 2020/21, DOUGLAS generated sales of 3.1 billion euros in the areas of perfumery, decorative cosmetics, skin and hair care as well as nutritional supplements, health and accessories. PRESS CONTACT: Peter Wübben OVERVIEW FINANCIAL RESULTS
25.05.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
| Language: | English |
| Company: | Douglas GmbH |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany | |
| ISIN: | XS2326497802 |
| WKN: | A3H3J7 |
| Listed: | Regulated Unofficial Market in Berlin, Frankfurt, Hamburg, Hanover, Munich, Stuttgart; Dublin |
| EQS News ID: | 1360541 |
| End of News | DGAP News Service |
DGAP-News: Douglas GmbH / Key word(s): Conference/Quarter Results PRESS RELEASE Release of results for the second quarter and first half year 2021/22 (ending 31 March 2022) on 25 May 2022 Düsseldorf, 20 May 2022. Douglas, Europe’s leading premium beauty platform, will release its results for the second quarter and first half year 2021/22 on 25 May 2022. The results release and accompanying presentation will be available through the Investor Relations website (http://ir.douglas.de/). A conference call on the results will be held at 11:00 a.m. CET on 25 May 2022. To participate in the Conference, please make use of one of the following options: - To participate in the Audio Conference, please use this link to register for the Conference Call. - You can follow the Webcast with audio via this link (also available on our website). - Please use this link to participate in the Webcast without audio. A replay will be available at the Investor Relations website later on 25 May 2022. ABOUT DOUGLAS: DOUGLAS is the leading premium beauty platform in Europe. Offering nearly 200,000 beauty and lifestyle products in online shops, the beauty marketplace and around 2,000 stores, DOUGLAS inspires customers to live their own kind of beauty by offering a previously unparalleled assortment. The continued expansion of the strong e-commerce business is the focus of the #FORWARDBEAUTY.DigitalFirst strategy programme. In fiscal year 2020/2021, DOUGLAS generated sales of 3.1 billion euros in the areas of perfumery, decorative cosmetics, skin and hair care as well as nutritional supplements, health and accessories. More information is available at https://corporate.douglas.de/investors/?lang=en. 20.05.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
| Language: | English |
| Company: | Douglas GmbH |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany | |
| ISIN: | XS2326497802 |
| WKN: | A3H3J7 |
| Listed: | Regulated Unofficial Market in Berlin, Frankfurt, Hamburg, Hanover, Munich, Stuttgart; Dublin |
| EQS News ID: | 1357905 |
| End of News | DGAP News Service |
Düsseldorf, 08 April 2022. DOUGLAS announced the acquisition of the Dutch online pharmacy Disapo B.V. on 10 February 2022. On Thursday, 07 April 2022, the takeover was formally completed (closing) after the German Federal Cartel Office granted its approval and the remaining legal requirements were met.
DOUGLAS is thus tapping into an enormous growth area and strengthening the two pillars of its strategy: the continued systematic digitalization of the business model and the expansion of DOUGLAS' offering to include health products.
The online pharmacy will be integrated into the DOUGLAS Partner Program in the upcoming weeks. The launch will initially take place in Germany with over-the-counter pharmacy products ("OTC"), which will be offered, sold, and shipped at the DOUGLAS marketplace via Disapo. DOUGLAS will gradually roll out the OTC offering to key European markets. (NL, FR, IT, PL, AU).
This will greatly expand the product range of the Partner Program and significantly strengthen DOUGLAS’ market position.
Ordering prescription medicines in Germany via Disapo on the DOUGLAS marketplace will become possible in the course of the year as part of the introduction of the so-called e-prescription.
ABOUT DOUGLAS
DOUGLAS is the leading premium beauty group in Europe. Offering more than 160,000 beauty and lifestyle products in online shops, the beauty marketplace and around 2,000 stores, DOUGLAS inspires customers to live their own kind of beauty by offering a previously unparalleled assortment. The continued expansion of the fast-growing e-commerce business is the focus of the #FORWARDBEAUTY.DigitalFirst strategy programme. In fiscal year 2020/21, DOUGLAS generated sales of 3.1 billion euros in the areas of perfumery, decorative cosmetics, skin and hair care as well as nutritional supplements, health and accessories.
PRESS CONTACT
Peter Wübben
DGAP-News: Douglas GmbH / Key word(s): Personnel PRESS RELEASE DOUGLAS CDO Vanessa Stützle to join LUQOM Group as CEO Düsseldorf, 22 March 2022. Vanessa Stützle, Chief Digital Officer and Member of the Management Board at DOUGLAS, will become the new CEO of LUQOM Group, the e-commerce platform for lighting fixtures, from September 2022. She will continue to perform all her current duties until she makes the switch. "It is with great regret that we will not continue to share the same successful path with Vanessa Stützle; at the same time, I am happy for Vanessa about this important career step," said Tina Müller, CEO of DOUGLAS Group. "With a wealth of digital expertise and a tremendous degree of commitment, Vanessa Stützle has played a key role in shaping the successful digitalization of DOUGLAS. On behalf of the entire DOUGLAS team, I would like to thank Vanessa very much for her exceptional work with us in recent years." Henning Kreke, Chairman of the DOUGLAS Supervisory Board, said: "We thank Vanessa Stützle for her outstanding contributions and wish her all the best for the next step in her career. With the successful expansion of online retail and the Partner Program, Vanessa Stützle has played a major role in ensuring that DOUGLAS is now Europe's number one in e-commerce in the premium beauty market." Vanessa Stützle was appointed Chief Digital Officer and member of the management board in May 2020, with responsibility for E-Commerce and Partner Program, Omni-Channel, CRM, Retail Media Sales and Data Strategy. Prior to this, the graduate in Business Administration was responsible for the online business at DOUGLAS as Executive Vice President from January 2018, with the added responsibility of customer relationship management from July 2019. "I have had a great time at DOUGLAS. Together with Tina Müller, the entire management and my teams, we have achieved a tremendous amount and realigned the company's e-commerce activities. I am very grateful for this experience and for the superb teamwork," said Vanessa Stützle. Information about Vanessa Stützle's successor as DOUGLAS Group CDO will be provided in due course. ABOUT DOUGLAS DOUGLAS is the leading premium beauty group in Europe. Offering more than 160,000 beauty and lifestyle products in online shops, the beauty marketplace and around 2,000 stores, DOUGLAS inspires customers to live their own kind of beauty by offering a previously unparalleled assortment. The continued expansion of the fast-growing e-commerce business is the focus of the #FORWARDBEAUTY.DigitalFirst strategy programme. In fiscal year 2020/21, DOUGLAS generated sales of 3.1 billion euros in the areas of perfumery, decorative cosmetics, skin and hair care as well as nutritional supplements, health and accessories. PRESS CONTACT Peter Wübben 22.03.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
| Language: | English |
| Company: | Douglas GmbH |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany | |
| ISIN: | XS2326497802 |
| WKN: | A3H3J7 |
| Listed: | Regulated Unofficial Market in Berlin, Frankfurt, Hamburg, Hanover, Munich, Stuttgart; Dublin |
| EQS News ID: | 1308541 |
| End of News | DGAP News Service |
NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.
Düsseldorf, 18 February 2022. Douglas GmbH (the "Company") announces that it has successfully syndicated incremental term loan B commitments in the amount of €75 million (the "Incremental Term Loan B Commitments"). The Company intends to use the proceeds from the Incremental Term Loan B Commitments to refinance indebtedness incurred by the Douglas group in connection with the Company’s previously announced acquisition of Dutch online pharmacy Disapo.de Apotheke B.V. and future investments in the business of the Douglas group.
* * *This announcement does not constitute an offer to sell or the solicitation of an offer to buy any securities and shall not constitute an offer, solicitation or sale of securities in the United States or in any jurisdiction in which, or to any persons to whom, such offering, solicitation or sale would be unlawful.The distribution of this announcement into certain jurisdictions may be restricted by law. Persons into whose possession this announcement comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the laws of any such jurisdiction.
Forward-looking Statements
This news release may include "forward-looking statements" within the meaning of the securities laws of certain applicable jurisdictions. These forward-looking statements include, but are not limited to, all statements other than statements of historical facts contained in this news release, including, without limitation, those regarding the Company's intentions, beliefs or current expectations concerning, among other things: the Company's future financial conditions and performance, results of operations and liquidity; the Company's strategy, plans, objectives, prospects, growth, goals and targets; future developments in the markets in which the Company participates or is seeking to participate; and anticipated regulatory changes in the industry in which the Company operates. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms "anticipate", "believe", "continue", "ongoing", "estimate", "expect", "intend", "may", "plan", "potential", "predict", "project", "target", "seek" or, in each case, their negative, or other variations or comparable terminology. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors because they relate to events and depend on circumstances that may or may not occur in the future. Past performance is not an indication of future results and past performance should not be taken as a representation that trends or activities underlying past performance will continue in the future. Readers are cautioned that forward-looking statements are not guarantees of future performance and that the Company's actual financial condition, results of operations and cash flows, and the development of the industry in which the Company operates, may differ materially from (and be more negative). The forward-looking statements in this document speak only as at the date of this announcement and the Company and its affiliates expressly disclaim any obligation or undertaking to review or release any updates or revisions to these forward-looking statements to reflect any change in its expectations with regard thereto or any change in events, conditions or circumstances on which any statement is based after the date of this announcement or to update or to keep current any other information contained in this document or to provide any additional information in relation to such forward-looking statements, unless required to do so by applicable law.
ABOUT DOUGLAS
DOUGLAS is the leading premium beauty group in Europe. Offering more than 160,000 beauty and lifestyle products in online shops, the beauty marketplace and around 2,000 stores, DOUGLAS inspires customers to live their own kind of beauty by offering a previously unparalleled assortment. The continued expansion of the fast-growing e-commerce business is the focus of the #FORWARDBEAUTY.DigitalFirst strategy programme. In fiscal year 2020/21, DOUGLAS generated sales of 3.1 billion euros in the areas of perfumery, decorative cosmetics, skin and hair care as well as nutritional supplements, health and accessories.
CONTACT
Stefanie Steiner
Head of Investor Relations
Phone: +49 211 16847 8594
Email: ir@douglas.de
PRESS CONTACT:
Peter Wübben
Head of Corporate Communications
Phone: +49 211 16847 8569
E-Mail: pr@douglas.de
DGAP-News: Douglas GmbH / Key word(s): Quarter Results PRESS RELEASE
DOUGLAS with significant sales and earnings growth in the first quarter 2021/22 - Significant like-for-like sales growth of 16.8 percent in the first quarter (October to December 2021) - Like-for-like growth of 10.9 percent compared with pre-COVID-19 quarter - Like-for-like sales in brick & mortar business up 27.8 percent year-on-year to 866 million euros in the first quarter - E-commerce sales growth of 75.4 percent compared with pre-COVID-19 quarter (2019/20), continuing at high level vs. prior-year quarter with +1.0 percent - Group operating result (adjusted EBITDA) improves by 11.6 percent to 191 million euros thanks to good sales performance and strict cost management - DOUGLAS taps into high-growth health market with acquisition of online pharmacy Disapo B.V. - Tina Müller, DOUGLAS Group CEO: "The good results in the Christmas quarter, which is so important for us, impressively demonstrate the strength of our business model." Düsseldorf, 17 February 2022. DOUGLAS reports a significant increase in sales and earnings for the first quarter of the 2021/22 fiscal year (Oct. to Dec. 2021). While the brick & mortar business has gained significant momentum, the e-commerce business has succeeded in slightly expanding the high sales level of the previous year. Compared with the pre-COVID-19 quarter (2019/20), e-commerce sales grew by 75.4 percent. Europe's leading premium beauty group increased like-for-like sales by 16.8 percent to 1.3 billion euros in the first quarter. This is 10.9 percent higher than pre-COVID-19 pandemic (2019/20, like-for-like) sales. Like-for-like sales in the brick & mortar business increased by 27.8 percent to 866 million euros. In e-commerce, sales rose by 1.0 percent to 437 million euros. All regions contributed to the good business performance in the first quarter, particularly France and Southeastern Europe. The Spanish business alone remains challenging. "The good results in the Christmas quarter, which is so important for us, impressively demonstrate the strength of our business model," said Tina Müller, DOUGLAS Group CEO. "The store business recorded a clear and noticeable recovery after the long lockdowns. At the same time, we succeeded in slightly expanding the high sales level in e-commerce. With the strategic acquisition of the online pharmacy disapo.de, we are tapping into new growth markets, thus positioning DOUGLAS as a one-stop-shopping platform for beauty and health in Europe." Group operating earnings (adjusted EBITDA) rose by 11.6 percent to 191 million euros in the first quarter. In addition to the increase in sales, this was due in particular to ongoing strict cost management and savings from the Store Optimization Program (SOP). At the same time, the EBITDA margin was a very good 14.6 percent, unchanged from the prior-year quarter. E-commerce: attractiveness of the product range is convincing Despite the reopening of stores, DOUGLAS succeeded in slightly increasing e-commerce sales from an already high level to 437 million euros. E-commerce as a percentage of Group sales was 33.5 percent. DOUGLAS also further improved the relevant key figures for e-commerce. For example, the average value per basket Group wide rose to 67.50 euros (compared to the prior-year quarter). The share of total e-commerce sales generated via mobile devices increased by 4.1 percentage points to 65.1 percent. At the same time, DOUGLAS further expanded its strong market position in e-commerce during the past calendar year. The market share in Germany increased by 1 percentage point and in France by 1.6 percentage points. "We are benefiting from the consistent digitalization of our business model in recent years," said Vanessa Stützle, Chief Digital Officer DOUGLAS Group. "We have further expanded our market share in key core countries over the last 12 months, delivering sales growth of over 75 percent in the Christmas quarter compared to before COVID-19. At the same time, we have once again increased efficiency in our online business. We will continue to develop our online offering and thus strengthen our leading role in the market." DOUGLAS taps into online health market By acquiring the Dutch online pharmacy Disapo B.V., DOUGLAS is also tapping into a significant growth market and expanding its portfolio of health products. Based in Heerlen (NL), disapo.de Apotheke B.V. pharmacy is one of the fast-growing providers in the online pharmacy business. "The markets for beauty and health are increasingly converging, which we can clearly see in the wishes of our customers," said Tina Müller. In the course of the upcoming introduction of the e-prescriptions in Germany, the online pharmacy business is expected to witness huge growth. "With Disapo, we will systematically exploit the growth opportunities in the online health market. This will enable us to further expand our position as the leading beauty destination with a comprehensive range of health products." ABOUT DOUGLAS DOUGLAS is the leading premium beauty group in Europe. Offering more than 160,000 beauty and lifestyle products in online shops, the beauty marketplace and around 2,000 stores, DOUGLAS inspires customers to live their own kind of beauty by offering a previously unparalleled assortment. The continued expansion of the fast-growing e-commerce business is the focus of the #FORWARDBEAUTY.DigitalFirst strategy program. In fiscal year 2020/21, DOUGLAS generated sales of 3.1 billion euros in the areas of perfumery, decorative cosmetics, skin and hair care as well as nutritional supplements, health and accessories. PRESS CONTACT: Peter Wübben OVERVIEW FINANCIAL RESULTS
* like-for-like 17.02.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
| Language: | English |
| Company: | Douglas GmbH |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany | |
| ISIN: | XS2326497802 |
| WKN: | A3H3J7 |
| Listed: | Regulated Unofficial Market in Berlin, Frankfurt, Hamburg, Hanover, Munich, Stuttgart; Dublin |
| EQS News ID: | 1281599 |
| End of News | DGAP News Service |
Düsseldorf, 10 February 2022. Douglas, Europe’s leading premium beauty platform, will release its results for the first quarter 2021/22 on 17 February 2022.
The results release and accompanying presentation will be available through the Investor Relations website (http://ir.douglas.de/).
A conference call on the results will be held at 11:00 a.m. CET on 17 February 2021.
Please use this link to participate in the Webcast (also available on our website).
ABOUT DOUGLAS:
DOUGLAS is the leading premium beauty platform in Europe. Offering more than 160,000 beauty and lifestyle products in online shops, the beauty marketplace and over 2,000 stores, DOUGLAS inspires customers to live their own kind of beauty by offering a previously unparalleled assortment. The continued expansion of the fast-growing e-commerce business is the focus of the #FORWARDBEAUTY.DigitalFirst strategy programme. In fiscal year 2020/2021, DOUGLAS generated sales of 3.1 billion euros in the areas of perfumery, decorative cosmetics, skin and hair care as well as nutritional supplements, health and accessories.
More information is available at http://corporate.douglas.de/.
DGAP-News: Douglas GmbH / Key word(s): Takeover/Mergers & Acquisitions PRESS RELEASE Acquisition of Disapo - DOUGLAS acquires Dutch online pharmacy disapo.de to enter high-growth online pharmacy market - Online pharmacy to be linked to DOUGLAS platform - launch in Germany - Plans for gradual expansion of over-the-counter pharmacy products in core European DOUGLAS markets - Tina Müller, DOUGLAS Group CEO: "The beauty and health markets are increasingly converging. By entering the online pharmacy market, we will systematically exploit the growth opportunities in the healthcare market." Düsseldorf, 10 February 2022. With the acquisition of the Dutch online pharmacy Disapo, DOUGLAS is opening up an enormous growth area while also significantly expanding its health product portfolio. For Europe's leading premium beauty platform, this move is one more step in its systematic digitalisation strategy. Based in Heerlen (NL), disapo.de Apotheke B.V. is among the high-growth providers in the online pharmacy business, currently with Germany and China as core markets. The company with around 200 employees recorded sales in the high double-digit million range in the 2021 financial year. By making this acquisition, DOUGLAS is strengthening two pillars of its growth strategy: the consistent digitalisation of its business model and the expansion of DOUGLAS Group's offering to include healthcare products. "The markets for beauty and health are increasingly converging, which we can clearly see in the wishes of our customers," says DOUGLAS Group CEO Tina Müller. "We recognised this trend early on and began to continuously expand our assortment to include more health products. We will continue to build upon our leading role as a beauty and health platform in this segment. In the course of the upcoming introduction of e-prescriptions in Germany, the online pharmacy business is expected to witness huge growth. With Disapo, we will systematically exploit the growth opportunities in the online health market." DOUGLAS will connect Disapo to its own digital platform, thus offering millions of DOUGLAS customers access to the online pharmacy. The launch is planned for the first half of the year, initially in Germany with over-the-counter (OTC) medicines, which will be offered, sold and shipped independently via the partner Disapo on the DOUGLAS marketplace. The options for ordering prescription medicines will be further expanded when so-called e-prescriptions are introduced nationwide in Germany in the course of the year. "By offering over-the-counter medicines and other pharmacy products through Disapo, our marketplace will instantly reach millions of customers in Germany alone. We are thus systematically developing into a beauty and health platform," says Vanessa Stützle, Chief Digital Officer of DOUGLAS Group. "We are planning a gradual expansion of the online pharmacy offering into our core European countries, thus entering a market with sales in 2020 in excess of 160 billion euros." DOUGLAS has already signed a purchase agreement with Disapo founder and CEO Sebastian Kraus. The acquisition remains subject to antitrust approval; the transaction closing is expected in the course of the spring. Sebastian Kraus will remain CEO of disapo.de Apotheke B.V. and will contribute his online retail expertise with pharmaceuticals and other pharmacy products to the partnership with DOUGLAS. "Over the past few years, we have put a great deal of passion and energy into making Disapo a high-performance online pharmacy," says Kraus. "Now we are pooling our strengths with DOUGLAS to open up outstanding new growth prospects. I am very much looking forward to working with the DOUGLAS management team." The sales volume of the German pharmacy market in 2020 is estimated at around 60 billion euros; in the DOUGLAS core countries of France, Italy, Spain, Poland, Austria and the Netherlands, the volume was last estimated at more than 100 billion euros. Online retail accounted for around five percent of the total market in Germany in 2020. Disapo has a broad portfolio and was named "Trend Shop Rising Star of 2022" by Computerbild and Statista.
ABOUT DOUGLAS: DOUGLAS is the leading premium beauty platform in Europe. Offering more than 160,000 beauty and lifestyle products in online shops, the beauty marketplace and over 2,000 stores, DOUGLAS inspires customers to live their own kind of beauty by offering a previously unparalleled assortment. The continued expansion of the fast-growing e-commerce business is the focus of the #FORWARDBEAUTY.DigitalFirst strategy programme. In fiscal year 2020/2021, DOUGLAS generated sales of 3.1 billion euros in the areas of perfumery, decorative cosmetics, skin and hair care as well as nutritional supplements, health and accessories. PRESS CONTACT: Peter Wübben 10.02.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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Düsseldorf, 21 December 2021. DOUGLAS, Europe’s leading premium beauty platform, recorded an increase in like-for-like sales of 7.3 percent in the fourth quarter of fiscal year 2020/2021. With a sales increase of 16.7 percent to 211 million euros (previous year: 181 million euros), the momentum in e-commerce continued unabated in the fourth quarter of the fiscal year under review. In the wake of the lockdown that lasted for months, in-store business also began to post gratifying results, with like-for-like sales in the fourth quarter rising by 3.7 percent to 537 million euros.
Thanks to ongoing buoyancy in online business, DOUGLAS succeeded in closing 2021 as a whole with sales at the good level of the previous year, this despite months of store closures due to Corona. A year-on-year increase in online sales of almost 50 percent compensated for a decline in in-store sales of around 19 percent (like-for-like) as a result of the pandemic. Moreover, in-store business has now stabilised again following the end of the periods of lockdowns.
Tina Müller, DOUGLAS Group CEO: “Thanks to our consistent digitalisation strategy #FORWARDBEAUTY.DigitalFirst, we managed to sustain robust growth in e-commerce in the fourth quarter even after the stores re-opened, gaining further market shares and outperforming the market as a whole. After months of lockdowns in the previous quarters, the stores have now bounced back well. At the same time, we’ve augmented our operating result and, thus, also our profitability by a significant degree.”
Compared to the full year 2018/2019 (the period before COVID-19), this translates to a rise in Group sales of 10 percent, while sales in e-commerce doubled.
After months of lockdowns, the fourth quarter saw a recovery in in-store business too, this segment posting a like-for-like increase in sales of 3.7 percent to 537 million euros. In the fourth quarter, therefore, DOUGLAS recorded enduring growth in both in-store and digital sales channels.
“Long before the COVID-19 pandemic took hold, we began to turn DOUGLAS into a digitalised premium beauty platform,” says Müller. “This early change of strategy meant that we were well-equipped to deal with a crisis like Corona when it arrived. Our business model is extremely resilient. Our platform strategy for beauty which comprises e-commerce, marketplace and stores appears to be working well. We want to invest in further developing e-commerce while bolstering our in-store business in order to extend our leading position and shape the future of the industry from a position of strength.”
E-commerce remains strong: further expansion of position in core markets
DOUGLAS’ e-commerce segment posted outstanding results throughout the whole of fiscal year 2020/21 with growth of almost 47 percent. The company succeeded in expanding its strong market position in all key countries. “It is remarkable how the platform strategy evolves. We have already rolled out our marketplace in five countries, thus increasing the online sales share from 25 percent to 38 percent. This underlines our position as the leading one-stop shopping destination for premium beauty in Europe,” says Vanessa Stützle, Chief Digital Officer DOUGLAS Group.
In addition, DOUGLAS again posted significant gains in all key e-commerce indicators in the fourth quarter of the year. “DOUGLAS is a top brand that has been gaining more and more appeal among younger target groups,” says Stützle. The average value per basket rose by around 4 percent to 70 euros in the fourth quarter. The percentage of e-commerce sales generated from orders from mobile devices rose by around
5 percentage points to 71 percent. “We’re particularly pleased with the number of new customers in e-commerce, which is 12 percent above last year’s figure,” says Stützle. “At peak times, we’re now receiving as many as 32,000 orders an hour from customers across all DOUGLAS systems.”
Strategic expansion of the product range
In addition to rolling out several new exclusive and trending brands, fiscal year 2020/21 saw DOUGLAS expand its product range to include more than 160,000 products in its online shop, marketplace and stores. This constitutes an increase of more than 20 percent compared to the previous year. As the health and beauty markets increasingly converge, DOUGLAS believes that the pharmacy cosmetics market harbours considerable potential for growth. Indeed, pharmacy brands such as La Roche Posay, Vichy and CeraVe have already been incorporated successfully into the product range. The fourth quarter also saw the first pharmacy counter open in DOUGLAS’s flagship store on the Zeil shopping street in Frankfurt.
ABOUT DOUGLAS:
DOUGLAS is the leading premium beauty platform in Europe. Offering more than 160,000 beauty and lifestyle products in online shops, the beauty marketplace and over 2,000 stores, DOUGLAS inspires customers to live their own kind of beauty by offering a previously unparalleled assortment. The continued expansion of the fast-growing e-commerce business is the focus of the #FORWARDBEAUTY.DigitalFirst. strategy programme. In fiscal year 2020/2021, DOUGLAS generated sales of 3.1 billion euros in the areas of perfumery, decorative cosmetics, skin and hair care as well as nutritional supplements, health and accessories.
PRESS CONTACT
Peter Wübben
Head of Corporate Communications
Phone: +49 211 16847 6644
E-mail: pr@douglas.de
OVERVIEW FINANCIAL RESULTS
| Q4 19/20 | Q4 20/21 | Change |
Group sales | €727 million | €752 million | +7.3 percent |
Sales stores | €542 million | €537 million | +3.7 percent* |
Sales e-commerce | €181 million | €211 million | +16.7 percent |
E-commerce as | 24.9 percent | 28.0 percent | +3.1 percentage points |
Adjusted EBITDA | €23 million | €29 million | +25.0 percent |
Liquidity (30 September) | €91 million | €240 million | +164 percent |
* like-for-like
| FY 19/20 | FY 20/21 | Change |
Group sales | €3.233 billion | €3.120 billion | -0.2 percent* |
Sales stores | €2.385 billion | €1.899 billion | -19.2 percent* |
Sales e-commerce | €817 million | €1.199 billion | +46.8 percent |
E-commerce as | 25.3 percent | 38.4 percent | +13.1 percentage points |
Adjusted EBITDA | €275 million | €222 million | -19.1 percent |
* like-for-like
DGAP-News: Douglas GmbH / Key word(s): Conference/Annual Report PRESS RELEASE Release of results for the fourth quarter 2020/21 (ending 30 September 2021) on 21 December 2021 Düsseldorf, 17 December 2021. Douglas, Europe's leading premium beauty platform, will release its results for the fourth quarter 2020/21 on 21 December 2021. The results release and accompanying presentation will be available through the Investor Relations website (http://ir.douglas.de/). A conference call on the results will be held at 11:00 a.m. CET on 21 December 2021. Please use this link to participate in the Webcast only (also available on our website). To participate in the Audio Conference and Webcast, please use the following dial-in details: - Webcast - Conference Call: Germany: +49 69 201744220 Participant dial-in code: 42766937# ABOUT DOUGLAS: Douglas is the leading premium beauty platform in Europe. Offering more than 130,000 beauty and lifestyle products in online shops, the beauty marketplace and over 2,000 stores, Douglas inspires customers to live their own kind of beauty by a previously unparalleled assortment. In 2021, Douglas achieved the Diversity Certification of the initiative BeyondGenderAgenda and represents diversity, equal opportunity and inclusion internally and externally. The continued expansion of the fast-growing e-commerce business is the focus of the #FORWARDBEAUTY.DigitalFirst strategy programme. In fiscal year 2019/2020, Douglas generated sales of 3.2 billion euros in the areas of perfumery, decorative cosmetics, skin and hair care as well as nutritional supplements and accessories. More information is available at https://corporate.douglas.de/investors/?lang=en. 17.12.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
| Language: | English |
| Company: | Douglas GmbH |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany | |
| ISIN: | XS2326497802 |
| WKN: | A3H3J7 |
| Listed: | Regulated Unofficial Market in Berlin, Frankfurt, Hamburg, Hanover, Munich, Stuttgart; Dublin |
| EQS News ID: | 1259551 |
| End of News | DGAP News Service |
Düsseldorf, 25 August 2021. Douglas, Europe’s leading premium beauty platform, generated additional e-commerce momentum from April to June 2021 and also grew again in its store-based business as shops gradually reopened in June.
Overall, Group sales totalled €644 million in the third quarter (fiscal year: October–September) or a gain of 16.8 percent like-for-like. It was the first time that Douglas had boosted its quarterly sales on a like-for-like basis since the end of 2019 – the start of the COVID-19 pandemic.
In e-commerce alone, Douglas generated third quarter sales of €268 million, an increase of around 20 percent. This growth is all the more impressive in light of the increase of more than 70 percent in online sales achieved by Douglas in the same quarter of the previous year. Over the past two years, e-commerce sales have increased by more than 100 percent.
The Group’s share of online sales from April to June totalled 42 percent. In Germany, the figure even climbed to 69 percent as a result of the massive lockdown.
EBITDA totalled €24 million, around 10 percent below the previous year’s level, since it was possible in the same quarter last year to make adjustments for higher, coronavirus-related costs; in addition, there were fewer payments for short-term working and fewer lockdown-related rental reductions as stores were reopened.
Tina Müller, the CEO of the Douglas Group, said: “We already laid the foundation for this good performance and the long-term positive growth of our e-commerce business three years ago when we systematically focused on customer needs and the trend towards online shopping experiences. We are continuing to devote our full attention to the ongoing expansion of our e-commerce business. At the same time, we are delighted with how well our store business has bounced back since June. We expect stationary sales to rise slowly but surely as long as stores stay open.”
Overall, Douglas is focusing on a strong presence in Europe’s metropolitan regions. Stores in these major areas are being further upgraded, offering more advice, providing aesthetic and medical treatments, and offering spa-like experiences. In Düsseldorf alone, Douglas will be investing in two large-scale stores with special concepts and offers. “Our stationary business plays a key role in our consistent e-commerce strategy, #FORWARDBEAUTYDigitalFirst.”, Müller said.
Douglas expands its top position in Europe – e-commerce leader in France for the first time
The long-awaited normalisation of the company’s stationary business did not begin until the last part of the quarter, when COVID-19 restrictions were lifted in June and all stores were allowed to reopen. Sales from store business in Europe climbed by 14.8 percent to €374 million on a like-for-like basis, suggesting a positive trend if the entire store network is allowed to remain open in the coming months.
In Germany, Douglas’ key core market, stores were allowed to open in June after being shut completely in April and May. Thanks to the continuing boom in e-commerce that fuelled an increase in sales of 18.6 percent to around €153 million, the overall decline in sales suffered by the company’s business in Germany totalled only 3.5 percent to more than €221 million. The company’s online business thus cushioned the blow that the lockdown-driven decline dealt to its store business. Customers also bought more per visit in the stores.
The company’s performance in France, its second largest market and a country where it has assumed market leadership in e-commerce business, was consistently positive. Its e-commerce business generated a powerful gain of 85.7 percent to €39 million in e-commerce. This performance was complemented by continued gains in market share in France, Italy and Germany.
Vanessa Stützle, the Chief Digital Officer at Douglas said: "I am especially pleased that we have doubled e-commerce sales within two years with twenty percent growth in Q3 and have also become the market leader in France, our second most important market, for the first time. This proves once again that our multiple initiatives under our #FORWARDBEAUTYDigitalFirst strategy are generating sustainable, profitable and international growth."
In addition to its online sales, Douglas improved all other relevant key performance indicators in its e-commerce business. The average size of online shopping carts in Germany climbed by 4.8 percent to €71, and the share of sales generated via mobile devices increased by 5 percentage points to 69.5 percent.
Future investments in brands and new digital formats
Douglas is systematically enhancing the attractiveness of its product range. As part of this effort, it completed further exclusive deals with new and spectacular beauty and lifestyle brands. “Kylie Cosmetics” by Kylie Jenner or “Keys Soulcare” by Alicia Keys are now available exclusively at Douglas in the company’s core European markets. The company’s social commerce format “Douglas Live”, is extremely popular, particularly among young customer groups. Douglas is one of the pioneers of live shopping events and is also one of the most visible actors in this area. The format, which has already been introduced in eight countries, creates new forms of customer interaction and is expanding brand awareness for Douglas.
ABOUT DOUGLAS:
Douglas is the leading premium beauty platform in Europe. Offering more than 130,000 beauty and lifestyle products in online shops, the beauty marketplace and over 2,000 stores, Douglas inspires customers to live their own kind of beauty by a previously unparalleled assortment. In 2021, Douglas achieved the Diversity Certification of the initiative BeyondGenderAgenda and represents diversity, equal opportunity and inclusion internally and externally. The continued expansion of the fast-growing e-commerce business is the focus of the #FORWARDBEAUTYDigitalFirst strategy programme. In fiscal year 2019/2020, Douglas generated sales of 3.2 billion euros in the areas of perfumery, decorative cosmetics, skin and hair care as well as nutritional supplements and accessories.
More information is available at https://corporate.douglas.de/.
Düsseldorf, 18 August 2021. Douglas, Europe’s leading premium beauty platform, will release its results for the third quarter 2020/21 on 25 August 2021.
The results release and accompanying presentation will be available through the Investor Relations website (http://ir.douglas.de).
A conference call on the results will be held at 11:00 a.m. CET on 25 August 2021.
Please use this link to participate in the Webcast (also available on our website).
ABOUT DOUGLAS:
Douglas is the leading premium beauty platform in Europe. Offering more than 130,000 beauty and lifestyle products in online shops, the beauty marketplace and over 2,000 stores, Douglas inspires customers to live their own kind of beauty by a previously unparalleled assortment. In 2021, Douglas achieved the Diversity Certification of the initiative BeyondGenderAgenda and represents diversity, equal opportunity and inclusion internally and externally. The continued expansion of the fast-growing e-commerce business is the focus of the #FORWARDBEAUTY.DigitalFirst strategy programme. In fiscal year 2019/2020, Douglas generated sales of 3.2 billion euros in the areas of perfumery, decorative cosmetics, skin and hair care as well as nutritional supplements and accessories.
More information is available at https://corporate.douglas.de/.
BONDHOLDER INFORMATION
Düsseldorf, 12 August 2021. As a result of the Post-Closing Mergers described in the Offering Memorandum dated 26 March 2021, Kirk Beauty One GmbH and the Issuer have merged into Kirk Beauty Two GmbH, which has been renamed Douglas GmbH (“TopCo”). TopCo, as the surviving entity, has become the successor issuer of the Notes.ABOUT DOUGLAS:
Douglas is the leading premium beauty platform in Europe. Offering more than 130,000 beauty and lifestyle products in online shops, the beauty marketplace and over 2,000 stores, Douglas inspires customers to live their own kind of beauty by a previously unparalleled assortment. In 2021, Douglas achieved the Diversity Certification of the initiative BeyondGenderAgenda and represents diversity, equal opportunity and inclusion internally and externally. The continued expansion of the fast-growing e-commerce business is the focus of the #FORWARDBEAUTY.DigitalFirst. strategy programme. In fiscal year 2019/2020, Douglas generated sales of 3.2 billion euros in the areas of perfumery, decorative cosmetics, skin and hair care as well as nutritional supplements and accessories.
INVESTOR RELATIONS CONTACT:
Stefanie Steiner
Head of Investor Relations and M&A
Telephone: +49 211 16847 8594
E-mail: ir@douglas.de
Record sales generated by online business – lockdowns hurt store performance in the second quarter
Düsseldorf, 12 May 2021. Douglas, Europe’s leading premium beauty platform, used the powerful, unchecked growth generated by its e-commerce business to virtually offset the sharp declines in its store-based business caused by corona-related lockdowns that have been imposed across Europe. Sales generated by Douglas’s e-commerce business jumped 75.5 percent compared with the high level they achieved in the same quarter last year. At the same time, sales produced by the company’s store-based operations dropped 48.7 percent like-for-like as a result of the lockdowns imposed across Europe. As a result, Group sales totalled €551 million, a 12.5 percent decline on a like-for-like basis. In the first half of the year, the decline in sales on a like-for-like basis was well into the single digits at 8.2 percent. Although adjusted EBITDA in the second quarter of minus €1 million depressed the half-year result, the adjusted figure of €170 million nevertheless reflects the good overall performance.
Douglas faced particular difficulties in Germany, the country that is by tradition the company’s most important market and the generator of its highest sales. During the first three months of 2021, Douglas experienced the most restrictive limitations imposed since the beginning of the COVID-19 pandemic. These restrictions remain in effect today. Alternative shopping opportunities such as Click & Collect and the more heavily restricted option called Click & Meet could hardly replace the usual frequencies.
The performance of the e-commerce business was completely different: Total online sales jumped by 75.5 percent to €291 million compared with €166 million in the same quarter last year. In Germany alone, e-commerce sales grew at an already high level by a further 61 percent, or €66 million, to €175 million. The rates of growth produced in other regions were even higher as a result of their lower starting position. Sales jumped by 106 percent in Southwestern Europe and by 121 percent in Eastern Europe.
Tina Müller, Douglas Group CEO, said: “During this quarter, the forceful application of our strategy #FORWARDBEAUTY.DigitalFirst will also serve as the foundation for continued record growth in our e-commerce activities. This growth enabled us to at least offset some of the lockdown-generated declines in sales that we experienced. As immunization rates rise, we are increasingly confident that our stores will be allowed to finally reopen again in coming weeks. The refinancing plan that we recently concluded provides us with years-long planning security and also enables us to pour all of our energies into the implementation of our strategy #FORWARDBEAUTY.DigitalFirst. This, in turn, will enable us to further strengthen our position as Europe’s leading beauty platform.”
Douglas significantly boosted all relevant key performance indicators of its e-commerce business once again. In one reflection of these gains, the share of sales produced via mobile devices in Germany rose by 4 percentage points to 67 percent.
The extremely challenging situation of the company’s store-based operations, an area whose fixed costs have hardly changed, has required the company to continue to exercise extreme cost discipline within the realm of its possibilities. On the operational level, EBITDA totalled minus €1 million, a figure that represents a drop of €13 million in earnings. In light of the €105 million drop in sales experienced by the company, this figure underscores the resilience of Douglas’s platform business across Europe.
Vanessa Stützle, Chief Digital Officer at Douglas, said: “The strong increase of 75.5 percent that we generated in e-commerce on a like-for-like basis exceeded our expectations. This growth enabled us to further expand our market leadership as Europe’s one-stop shopping destination for beauty. Our systematic focus on technology and data generated significant gains in all of our relevant KPIs. This, in turn, increased the appeal of our marketplace model to our customers and partners once again.”
As it celebrates its 111th anniversary, Douglas is highlighting this evolutionary step with a new brand equity campaign called “Let’s do beautiful”. The name says it all: The campaign initiates a rethinking process at Douglas, one in which the company is transitioning from a purely external definition of beauty to a holistic understanding and actions based on values. The campaign reflects the philosophy of Douglas and the values of the Douglas brand. It represents the start of a transformation in which brand communications will be refocused from the ground up. The change was initiated at the beginning of May with advertisements. Starting on 17 May, various TV spots will be broadcast and a powerful out-of-home campaign will begin. Over the course of the year, numerous digital formats will be played out on all relevant channels. An overview of the visuals is available at www.douglas.de/letsdobeautiful.
ABOUT DOUGLAS:
Douglas is the leading premium beauty platform in Europe. Offering more than 130,000 beauty and lifestyle products in online shops, the beauty marketplace and over 2,000 stores, Douglas inspires customers to live their own kind of beauty by a previously unparalleled assortment. In 2021, Douglas achieved the Diversity Certification of the initiative BeyondGenderAgenda and represents diversity, equal opportunity and inclusion internally and externally. The continued expansion of the fast-growing e-commerce business is the focus of the #FORWARDBEAUTY.DigitalFirst. strategy programme. In fiscal year 2019/2020, Douglas generated sales of 3.2 billion euros in the areas of perfumery, decorative cosmetics, skin and hair care as well as nutritional supplements and accessories.
PRESS CONTACT:
Eva Krüger
Corporate Communications Manager
Telephone: +49 211 16847 6644
E-mail: pr@douglas.de
Düsseldorf, 5 May 2021. Douglas, Europe’s leading premium beauty platform, will release its results for the second quarter 2020/21 on 12 May 2021.
The results release and accompanying presentation will be available through the Investor Relations website (http://ir.douglas.de/).
A conference call discussing the results will be held at 11:00 a.m. CET on 12 May 2021.
Please use this link to participate in the Webcast only (also available on our website).
ABOUT DOUGLAS:
Douglas is the leading premium beauty platform in Europe. Offering more than 100,000 beauty and lifestyle products in online shops, the beauty marketplace and around 2,400 stores, Douglas inspires customers to live their own kind of beauty by a previously unparalleled assortment. The continued expansion of the fast-growing e-commerce business is the focus of the #FORWARDBEAUTY.DIGITALFIRST strategy programme. In fiscal year 2019/2020, Douglas generated sales of 3.2 billion euros in the areas of perfumery, decorative cosmetics, skin and hair care as well as nutritional supplements and accessories.
More information is available at http://corporate.douglas.de/.
DGAP-News: Douglas GmbH / Key word(s): Personnel PRESS RELEASE Mark Langer to become CFO at Douglas
Düsseldorf, 22 April 2021. Douglas, Europe's largest beauty platform, is appointing Mark Langer as its chief financial officer (CFO). The 52-year-old capital markets expert will join the company's management as of 1 May. Mark Langer has had a great deal of experience as CFO in the MDAX environment and, with his expertise, will be able to help Group CEO Tina Müller make optimal use of Douglas's prospects in line with its #FORWARDBEAUTY.DigitalFirst strategy. After successfully completing the recent refinancing programme, his predecessor, Matthias Born, is leaving the company by mutual consent and on the friendliest terms in order to pursue a new professional challenge. "Mark Langer is the right fit as CFO for the next phase of Douglas's development. He has outstanding experience of the capital markets, is very well connected and also savvy in his dealings with investors. What is more, he has acquired a high degree of expertise working for brand and consumer goods companies," said Supervisory Board Chairman Henning Kreke. "I look forward to further evolving our #FORWARDBEAUTY.DigitalFirst strategy together with Mark and will be relying in particular on his previous experience as CFO of a listed company," said Group CEO Tina Müller. Before the move to Douglas, Langer worked for Hugo Boss for almost 18 years, initially occupying various management positions in finance before becoming CFO in 2010 and then CEO in 2016 (until 2020). Prior to his time at Hugo Boss, Langer worked for McKinsey and consumer goods company Procter & Gamble. "In recent years, Matthias Born has made a key contribution to ensuring Douglas' financial solidity, and the successful refinancing programme this April is emblematic of that. On behalf of the entire Supervisory Board, I thank him for everything he has achieved for the company and wish him all the best for the future," said Supervisory Board Chairman Henning Kreke. ABOUT DOUGLAS: Douglas is the leading premium beauty platform in Europe. Offering more than 130,000 beauty and lifestyle products in online shops, the beauty marketplace and over 2,000 stores, Douglas inspires customers to live their own kind of beauty by a previously unparalleled assortment. In 2021, Douglas achieved the Diversity Certification of the initiative BeyondGenderAgenda and represents diversity, equal opportunity and inclusion internally and externally. The continued expansion of the fast-growing e-commerce business is the focus of the #FORWARDBEAUTY.DigitalFirst strategy programme. In fiscal year 2019/2020, Douglas generated sales of 3.2 billion euros in the areas of perfumery, decorative cosmetics, skin and hair care as well as nutritional supplements and accessories.
Eva Krüger 22.04.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
| Language: | English |
| Company: | Douglas GmbH |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany | |
| ISIN: | XS1251078009, XS1251077373 |
| WKN: | A161MW, A161W3 |
| Listed: | Regulated Unofficial Market in Berlin, Frankfurt, Hamburg, Hanover, Munich, Stuttgart; Dublin |
| EQS News ID: | 1187707 |
| End of News | DGAP News Service |
DGAP-News: Douglas GmbH / Key word(s): Financing NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. / March 26, 2021 Douglas GmbH Announces Pricing of Düsseldorf, Germany-March 26, 2021 - Douglas GmbH (the "Company") announces that it has priced an offering of (1) €1,305 million aggregate principal amount of senior secured notes due 2026 (the "Senior Secured Notes") intended to be issued by the Company and (2) €475 million aggregate principal amount of senior PIK notes due 2026 intended to be issued by Kirk Beauty SUN GmbH (the "Senior PIK Notes" and together with the Senior Secured Notes, the "Notes"). The Senior Secured Notes will bear interest at a rate of 6.000% per annum and will be issued at a price of 100% of the nominal amount thereof. The Senior PIK Notes will bear interest at a rate of 8.250% per annum in respect of cash interest and 9.000% per annum in respect of PIK interest and will be issued at a price of 100% of the nominal amount thereof. The issuance and settlement of the Notes is expected to occur on April 8, 2021, subject to customary closing conditions. In connection with the offering of the Notes, the Company has entered into a supplemental deed that amends and restates the existing senior secured facilities agreement providing for a new term loan B facility in the amount of €600 million and a new revolving credit facility in the amount of €170 million. The Company intends to use the proceeds from the offering of the Notes, together with proceeds from borrowings under the €600 million term loan B facility and an equity contribution from existing shareholders to (1) fund the redemption in full of the Company's existing senior secured notes due 2022 and existing senior notes due 2023; (2) repay or refinance all amounts outstanding under the Company's existing senior secured facilities; (3) fund cash on hand; and (4) pay fees and expenses incurred in connection therewith. For more information, please refer to our announcement published on March 18, 2021, or contact: Douglas GmbH Douglas Investor Relations: Douglas Press Office: Email: pr@douglas.de * * * The offering is being made by means of an offering memorandum. This announcement does not constitute an offer to sell or the solicitation of an offer to buy the Notes or any other security and shall not constitute an offer, solicitation or sale in the United States or in any jurisdiction in which, or to any persons to whom, such offering, solicitation or sale would be unlawful. The Notes and the related guarantees have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") or the securities laws of any state or other jurisdiction of the United States, and may not be offered or sold within the United States, or to, or for the account or benefit of, U.S. persons (as defined in Regulation S), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state or local securities laws. Accordingly, the Notes and the related guarantees are being offered and sold (i) in the United States only to qualified institutional buyers in accordance with Rule 144A under the Securities Act and (ii) in "offshore transactions" to non-U.S. persons outside the United States in accordance with Regulation S. There is no assurance that the offerings will be completed or, if completed, as to the terms on which they will be completed. This announcement has been prepared on the basis that any offer of the Notes in any Member State of the European Economic Area (the "EEA") or in the United Kingdom will be made pursuant to an exemption under Regulation (EU) 2017/1129 (as amended or superseded) (the "Prospectus Regulation") and the Prospectus Regulation as it forms part of United Kingdom law by virtue of the European Union (Withdrawal) Act 2018 (the "UK Prospectus Regulation") from the requirement to publish a prospectus for offers of the Notes. The Notes are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the EEA or the United Kingdom. For these purposes, a retail investor means a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU, as amended ("MiFID II"); (ii) a customer within the meaning of Directive (EU) 2016/97, where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II; or (iii) not a qualified investor as defined in the Prospectus Regulation and UK Prospectus Regulation. Consequently, no key information document required by Regulation (EU) No 1286/2014, as amended (the "PRIIPs Regulation"), for offering or selling the Notes or otherwise making them available to retail investors in the EEA or in the United Kingdom has been prepared and therefore offering or selling the Notes or otherwise making them available to any retail investor in the EEA or the United Kingdom may be unlawful under the PRIIPs Regulation. Manufacturer target market (MiFID II product governance; UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs or UK PRIIPs key information document (KID) has been prepared as the offering is not available to retail investors in EEA or the United Kingdom, respectively. The distribution of this announcement into certain jurisdictions may be restricted by law. Persons into whose possession this announcement comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the laws of any such jurisdiction. Forward-looking Statements This announcement may include "forward-looking statements" within the meaning of the securities laws of certain applicable jurisdictions. These forward-looking statements include, but are not limited to, all statements other than statements of historical facts contained in this announcement, including, without limitation, those regarding the Company's intentions, beliefs or current expectations concerning, among other things: the Company's future financial conditions and performance, results of operations and liquidity; the Company's strategy, plans, objectives, prospects, growth, goals and targets; future developments in the markets in which the Company participates or is seeking to participate; and anticipated regulatory changes in the industry in which the Company operates. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms "anticipate", "believe", "continue", "ongoing", "estimate", "expect", "intend", "may", "plan", "potential", "predict", "project", "target", "seek" or, in each case, their negative, or other variations or comparable terminology. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors because they relate to events and depend on circumstances that may or may not occur in the future. Past performance is not an indication of future results and past performance should not be taken as a representation that trends or activities underlying past performance will continue in the future. Readers are cautioned that forward-looking statements are not guarantees of future performance and that the Company's actual financial condition, results of operations and cash flows, and the development of the industry in which the Company operates, may differ materially from (and be more negative). The forward-looking statements in this document speak only as at the date of this announcement and the Company and its affiliates expressly disclaim any obligation or undertaking to review or release any updates or revisions to these forward-looking statements to reflect any change in its expectations with regard thereto or any change in events, conditions or circumstances on which any statement is based after the date of this announcement or to update or to keep current any other information contained in this document or to provide any additional information in relation to such forward-looking statements, unless required to do so by applicable law. 26.03.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
| Language: | English |
| Company: | Douglas GmbH |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany | |
| ISIN: | XS1251078009, XS1251077373 |
| WKN: | A161MW, A161W3 |
| Listed: | Regulated Unofficial Market in Berlin, Frankfurt, Hamburg, Hanover, Munich, Stuttgart; Dublin |
| EQS News ID: | 1179068 |
| End of News | DGAP News Service |
Dated: March 26, 2021
| NOTES | |
| Regulation S | Rule 144A |
| Common Code: 125107800 | Common Code: 125107737 |
| ISIN: XS1251078009 | ISIN: XS1251077373 |
Reference is hereby made to the Senior Secured Notes Indenture as of July 10, 2015 (as supplemented, amended or modified from time to time, the "Indenture"), by, inter alios, Douglas GmbH (formerly known as Kirk Beauty Zero GmbH) (the "Issuer"), Deutsche Trustee Company Limited, as trustee (the “Trustee”), Deutsche Bank AG, London Branch, as paying agent (the “Paying Agent”) and Security Agent and Deutsche Bank Luxembourg S.A. as Registrar and Transfer Agent. Capitalized terms used but not otherwise defined herein shall have the meaning assigned to them in the Indenture.
Pursuant to Section 3.03 of the Indenture, the Issuer hereby provides notice of the following information relating to the redemption of the Notes, in whole:
Payment of the Redemption Payment in respect of definitive registered Notes will only be made upon presentation and surrender of the Notes to the Paying Agent at the place set forth below:
Paying Agent
Deutsche Bank AG, London Branch
Winchester House
1 Great Winchester Street
London EC2N 2DB
United Kingdom
The method of delivery is at the option and risk of the Holder. Payment of the Redemption Payment in respect of any Notes that are held in book-entry form will be made to the relevant clearing system, which will distribute such payments to participants in accordance with their customary procedures. Subject to the satisfaction or waiver of the Condition, on the Redemption Date, the Redemption Payment will become due and payable.
The Common Code and ISIN numbers are included solely for the convenience of the Holders. The Issuer is not responsible for the use or selection of these numbers, nor is any representation made as to the correctness or accuracy of such numbers printed on the Notes or as listed in this Notice of Conditional Redemption.
Any questions regarding this Notice of Conditional Redemption should be directed to the Issuer.
Notice issued by:
Douglas GmbH
Dated: March 26, 2021
| NOTES | |
| Regulation S | Rule 144A |
| Common Code: 125107869 | Common Code: 125107877 |
| ISIN: XS1251078694 | ISIN: XS1251078777 |
Reference is hereby made to the Senior Notes Indenture dated as of July 10, 2015 (as supplemented, amended or modified from time to time, the "Indenture"), by, inter alios, Kirk Beauty One GmbH (the "Issuer"), Deutsche Trustee Company Limited, as trustee (the “Trustee”), Deutsche Bank AG, London Branch, as paying agent (the “Paying Agent”) and Security Agent and Deutsche Bank Luxembourg S.A. as Registrar and Transfer Agent. Capitalized terms used but not otherwise defined herein shall have the meaning assigned to them in the Indenture.
Pursuant to Section 3.03 of the Indenture, the Issuer hereby provides notice of the following information relating to the redemption of the Notes, in whole:
Payment of the Redemption Payment in respect of definitive registered Notes will only be made upon presentation and surrender of the Notes to the Paying Agent at the place set forth below:
Paying Agent
Deutsche Bank AG, London Branch
Winchester House
1 Great Winchester Street
London EC2N 2DB
United Kingdom
The method of delivery is at the option and risk of the Holder. Payment of the Redemption Payment in respect of any Notes that are held in book-entry form will be made to the relevant clearing system, which will distribute such payments to participants in accordance with their customary procedures. Subject to the satisfaction or waiver of the Condition, on the Redemption Date, the Redemption Payment will become due and payable.
The Common Code and ISIN numbers are included solely for the convenience of the Holders. The Issuer is not responsible for the use or selection of these numbers, nor is any representation made as to the correctness or accuracy of such numbers printed on the Notes or as listed in this Notice of Conditional Redemption.
Any questions regarding this Notice of Conditional Redemption should be directed to the Issuer.
Notice issued by:
Kirk Beauty One GmbH
DGAP-News: Douglas GmbH / Key word(s): Bond NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. / March 18, 2021 Douglas GmbH Announces Offering of Düsseldorf, Germany-March 18, 2021 - Douglas GmbH (the "Company") announces that it has launched an offering of (1) €1,000 million aggregate principal amount of senior secured notes due 2026 (the "Senior Secured Notes") intended to be issued by the Company and (2) €300 million aggregate principal amount of senior PIK notes due 2026 intended to be issued by Kirk Beauty SUN GmbH (the "Senior PIK Notes" and together with the Senior Secured Notes, the "Notes"). The Notes are being offered only to qualified institutional buyers in the United States pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act") and to certain persons outside the United States in reliance on Regulation S under the Securities Act ("Regulation S"). The interest rate, offering price and certain other terms will be determined at the time of pricing of the Notes, subject to market conditions. In connection with the offering of the Notes, the Company intends to enter into a senior secured facilities agreement providing for a term loan B facility in the expected amount of €1,080 million and a revolving credit facility in the expected amount of €170 million. The Company intends to use the proceeds from the offering of the Notes, together with proceeds from borrowings under the proposed €1,080 million term loan B facility and an equity contribution from existing shareholders to (1) fund the redemption in full of the Company's existing senior secured notes due 2022 and existing senior notes due 2023; (2) repay all amounts outstanding under the Company's existing senior secured facilities; (3) fund cash on hand; and (4) pay fees and expenses incurred in connection therewith. For more information, please contact: Douglas GmbH Douglas Investor Relations: Douglas Press Office: * * * The offering is being made by means of an offering memorandum. This announcement does not constitute an offer to sell or the solicitation of an offer to buy the Notes or any other security and shall not constitute an offer, solicitation or sale in the United States or in any jurisdiction in which, or to any persons to whom, such offering, solicitation or sale would be unlawful. The Notes and the related guarantees have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") or the securities laws of any state or other jurisdiction of the United States, and may not be offered or sold within the United States, or to, or for the account or benefit of, U.S. persons (as defined in Regulation S), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state or local securities laws. Accordingly, the Notes and the related guarantees are being offered and sold (i) in the United States only to qualified institutional buyers in accordance with Rule 144A under the Securities Act and (ii) in "offshore transactions" to non-U.S. persons outside the United States in accordance with Regulation S. There is no assurance that the offerings will be completed or, if completed, as to the terms on which they will be completed. This announcement has been prepared on the basis that any offer of the Notes in any Member State of the European Economic Area (the "EEA") or in the United Kingdom will be made pursuant to an exemption under Regulation (EU) 2017/1129 (as amended or superseded) (the "Prospectus Regulation") and the Prospectus Regulation as it forms part of United Kingdom law by virtue of the European Union (Withdrawal) Act 2018 (the "UK Prospectus Regulation") from the requirement to publish a prospectus for offers of the Notes. The Notes are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the EEA or the United Kingdom. For these purposes, a retail investor means a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU, as amended ("MiFID II"); (ii) a customer within the meaning of Directive (EU) 2016/97, where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II; or (iii) not a qualified investor as defined in the Prospectus Regulation and UK Prospectus Regulation. Consequently, no key information document required by Regulation (EU) No 1286/2014, as amended (the "PRIIPs Regulation"), for offering or selling the Notes or otherwise making them available to retail investors in the EEA or in the United Kingdom has been prepared and therefore offering or selling the Notes or otherwise making them available to any retail investor in the EEA or the United Kingdom may be unlawful under the PRIIPs Regulation. Manufacturer target market (MiFID II product governance; UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs or UK PRIIPs key information document (KID) has been prepared as the offering is not available to retail investors in EEA or the United Kingdom, respectively. The distribution of this press release into certain jurisdictions may be restricted by law. Persons into whose possession this announcement comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the laws of any such jurisdiction. Forward-looking Statements This news release may include "forward-looking statements" within the meaning of the securities laws of certain applicable jurisdictions. These forward-looking statements include, but are not limited to, all statements other than statements of historical facts contained in this news release, including, without limitation, those regarding the Company's intentions, beliefs or current expectations concerning, among other things: the Company's future financial conditions and performance, results of operations and liquidity; the Company's strategy, plans, objectives, prospects, growth, goals and targets; future developments in the markets in which the Company participates or is seeking to participate; and anticipated regulatory changes in the industry in which the Company operates. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms "anticipate", "believe", "continue", "ongoing", "estimate", "expect", "intend", "may", "plan", "potential", "predict", "project", "target", "seek" or, in each case, their negative, or other variations or comparable terminology. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors because they relate to events and depend on circumstances that may or may not occur in the future. Past performance is not an indication of future results and past performance should not be taken as a representation that trends or activities underlying past performance will continue in the future. Readers are cautioned that forward-looking statements are not guarantees of future performance and that the Company's actual financial condition, results of operations and cash flows, and the development of the industry in which the Company operates, may differ materially from (and be more negative). The forward-looking statements in this document speak only as at the date of this announcement and the Company and its affiliates expressly disclaim any obligation or undertaking to review or release any updates or revisions to these forward-looking statements to reflect any change in its expectations with regard thereto or any change in events, conditions or circumstances on which any statement is based after the date of this announcement or to update or to keep current any other information contained in this document or to provide any additional information in relation to such forward-looking statements, unless required to do so by applicable law. 18.03.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
| Language: | English |
| Company: | Douglas GmbH |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany | |
| ISIN: | XS1251078009, XS1251077373 |
| WKN: | A161MW, A161W3 |
| Listed: | Regulated Unofficial Market in Berlin, Frankfurt, Hamburg, Hanover, Munich, Stuttgart; Dublin |
| EQS News ID: | 1176572 |
| End of News | DGAP News Service |
DGAP-News: Douglas GmbH / Key word(s): Financing NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. / March 12, 2021 Douglas GmbH Announces Syndication of Düsseldorf, Germany-March 12, 2021 - Douglas GmbH (the "Company") announces that it has launched the syndication of a term loan B facility in the expected amount of €1,080 million (the "Term Loan B Facility"). The Company continues to observe market conditions and may opportunistically launch one or more additional debt instruments. The Company intends to use the proceeds from the Term Loan B Facility together with proceeds from any other debt instruments and an equity contribution from its shareholders to fund the redemption in full of the Company's existing senior secured notes due 2022 and existing senior notes due 2023 as well as repay all amounts outstanding under the Company's existing senior secured facilities, in each case, at par. For more information, please contact: Douglas GmbH Douglas Investor Relations: Douglas Press Office: * * * This announcement does not constitute an offer to sell or the solicitation of an offer to buy any securities and shall not constitute an offer, solicitation or sale of securities in the United States or in any jurisdiction in which, or to any persons to whom, such offering, solicitation or sale would be unlawful. The distribution of this announcement into certain jurisdictions may be restricted by law. Persons into whose possession this announcement comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the laws of any such jurisdiction. Forward-looking Statements This news release may include "forward-looking statements" within the meaning of the securities laws of certain applicable jurisdictions. These forward-looking statements include, but are not limited to, all statements other than statements of historical facts contained in this news release, including, without limitation, those regarding the Company's intentions, beliefs or current expectations concerning, among other things: the Company's future financial conditions and performance, results of operations and liquidity; the Company's strategy, plans, objectives, prospects, growth, goals and targets; future developments in the markets in which the Company participates or is seeking to participate; and anticipated regulatory changes in the industry in which the Company operates. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms "anticipate", "believe", "continue", "ongoing", "estimate", "expect", "intend", "may", "plan", "potential", "predict", "project", "target", "seek" or, in each case, their negative, or other variations or comparable terminology. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors because they relate to events and depend on circumstances that may or may not occur in the future. Past performance is not an indication of future results and past performance should not be taken as a representation that trends or activities underlying past performance will continue in the future. Readers are cautioned that forward-looking statements are not guarantees of future performance and that the Company's actual financial condition, results of operations and cash flows, and the development of the industry in which the Company operates, may differ materially from (and be more negative). The forward-looking statements in this document speak only as at the date of this announcement and the Company and its affiliates expressly disclaim any obligation or undertaking to review or release any updates or revisions to these forward-looking statements to reflect any change in its expectations with regard thereto or any change in events, conditions or circumstances on which any statement is based after the date of this announcement or to update or to keep current any other information contained in this document or to provide any additional information in relation to such forward-looking statements, unless required to do so by applicable law. 12.03.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
| Language: | English |
| Company: | Douglas GmbH |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany | |
| ISIN: | XS1251078009, XS1251077373 |
| WKN: | A161MW, A161W3 |
| Listed: | Regulated Unofficial Market in Berlin, Frankfurt, Hamburg, Hanover, Munich, Stuttgart; Dublin |
| EQS News ID: | 1175326 |
| End of News | DGAP News Service |
Douglas GmbH / Key word(s): Financing Douglas GmbH and Kirk Beauty One GmbH have commenced a process for a comprehensive refinancing, which is intended to complete over the next few weeks. The refinancing is intended to include a redemption in full of the senior secured notes due in 2022 issued by Douglas GmbH and the senior unsecured notes due in 2023 issued by Kirk Beauty One GmbH, both at par, as well as a repayment in full of Douglas GmbH's senior secured facilities. 12-March-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Douglas GmbH |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany | |
| ISIN: | XS1251078009, XS1251077373 |
| WKN: | A161MW, A161W3 |
| Listed: | Regulated Unofficial Market in Berlin, Frankfurt, Hamburg, Hanover, Munich, Stuttgart; Dublin |
| EQS News ID: | 1175287 |
| End of Announcement | DGAP News Service |
Düsseldorf, 26 February 2021. Douglas, Europe’s leading premium beauty platform, got the new fiscal year 2020/21 off to a strong start with record growth in e-commerce during the important Christmas business. During the months of the year that traditionally generate the strongest sales the online business grew by more than 74 percent to 433 million euros in the opening quarter from October to December 2020.
The last two weeks of December, in particular, is when Douglas generates the most sales in brick-and-mortar retail. Despite Europe-wide lockdowns and trading restrictions Douglas generated robust Group sales of 1.2 billion euros between October and December thanks to its online business; compared to the record quarter from the previous year this amounts to only a minor decline of 7.1 percent. Sales in Germany recorded a decline of only 3.3 percent compared with the pre-year quarter and thus remained almost stable.
The strong e-commerce performance went hand in hand with continued cost discipline, as a result of which Douglas reported an adjusted EBITDA margin of 15.1 percent. The Group operating result (EBITDA) came to 177 million euros, equivalent to a drop of 19.2 percent. Net income for the quarter was 148 million euros.
Tina Müller, Douglas Group CEO: “Lockdowns and national coronavirus measures in the middle of the Christmas business had a huge impact on the weeks of the year that usually generate the strongest sales by far. Thanks to the experience we gained from the corona wave we almost made good the negative effects as Douglas has been gaining increasing momentum in e-commerce since the summer thanks to #FORWARDBEAUTY.DigitalFirst and has the strongest online presence in Europe across the sector. On the German home market, e-commerce now generates more than half of all sales. This is also a sign of how closely integrated our online and store sales are following a series of well thought-out initiatives.”
Focus on e-commerce business bears fruit
Looking at the entire 2020 calendar year, Douglas for the first time generated more than 1 billion euros of sales in e-commerce. Making use of leading e-commerce concepts employed in Germany, Douglas generated increasingly strong growth across Europe during the course of the year, realising 37 percent of Group sales online during the Christmas quarter. On the German home market the Company even generated more than half of its sales (50.2 percent) through the digital channels. During this quarter, growth of new online customers was 81 percent higher than in the prior-year quarter. Likewise the number of online orders rose by 68 percent to a total of 8 million.
Vanessa Stützle, Chief Digital Officer: “Our platform strategy in e-commerce is working, as evidenced by our strong sales growth of around 60 percent to 1 billion euros in the 2020 calendar year. We are resolutely continuing on this path with the further international roll-out of our initiatives and marketplace already being used in Germany, Austria and France. All these efforts are geared to our clear goal of realising 2 billion euros in e-commerce as quickly as possible.”
Across the Group, the percentage of purchases via the app, in particular, has risen significantly. Online savvy and especially loyal customers who make purchases via the app contributed more than a quarter to e-commerce sales in the first quarter. At the same time, Douglas expanded the access points to the digital beauty platform with services such as Click & Collect and phone orders. Customers are benefiting from a range of products that has become unique and grown to include around 130,000 products thanks to the marketplace. At the same time, over the summer Douglas expanded its storage capacity and distribution centres in order to serve the sharp rise in online orders. In the 2020 calendar year Douglas recorded more than 19 million orders in its online business, equivalent to an increase of more than 50 percent.
Innovative social commerce format “Douglas LIVE”
Created in summer 2020, the new social commerce format “Douglas LIVE” was particularly successful during the Christmas quarter. It was developed in response to the growing interest among its customers in digital interaction and an entertainment factor. Douglas LIVE allows customers to purchase products presented during the live tutorials, which are held several times a week, directly from the live stream in the Douglas online shop. The sales figures of the products presented multiply during the screening and the format achieves a conversion rate of up to 40 percent. On top of this, the average length of stay in the Douglas online shop increases.
Top seller in the Christmas business
The Christmas business is characterised by gift buying. This year the Douglas exclusive brands advent calendar once again proved to be a bestseller with more than 150,000 units sold in Germany despite the brick-and-mortar lockdown. The best newcomer in the range, an exclusive at Douglas for the past few months, has been the facial skincare brand “Drunk Elephant”, which already ranks in the top 5 skincare brands in the US. At Douglas, it generates monthly online growth of up to 13 percent. In the luxury segment, the most successful new launch is the “Augustinus Bader” brand. Here Douglas is picking up on the trend towards so-called doctor brands where cosmetics meet medical care. Dr. Augustinus Bader is a university professor and among the world’s leading researchers in the fields of stem cells and biomedicine. Perfumes remain the most sought-after product category in the Christmas business. Our customers were convinced in particular by the new Armani fragrance “My Way”, which recorded monthly sales growth rates of more than 30 percent in Germany during the Christmas quarter, making it the absolute winner among the new launches by established brands.
ABOUT DOUGLAS:
Douglas is the leading premium beauty platform in Europe. Offering more than 100,000 beauty and lifestyle products in online shops, the beauty marketplace and over 2,000 stores, Douglas inspires customers to live their own kind of beauty by a previously unparalleled assortment. The continued expansion of the fast-growing e-commerce business is the focus of the #FORWARDBEAUTY.DigitalFirst. strategy programme. In fiscal year 2019/2020, Douglas generated sales of 3.2 billion euros in the areas of perfumery, decorative cosmetics, skin and hair care as well as nutritional supplements and accessories.
PRESS CONTACT:
Eva Krüger
Corporate Communications Manager
Telephone: +49 211 16847 6644
E-mail: pr@douglas.de
OVERVIEW
FINANCIAL RESULTS:
| as at 31.12.2020 | Q1 2020/21 | Q1 2019/20 | Change |
| Group sales | 1.2 billion euros | 1.3 billion euros | -9.3% (-7.1% LfL) |
| Sales stores | 736 million euros | 1,034 million euros | -28.8% (-28.5% LfL) |
| Sales e-commerce | 433 million euros | 249 million euros | +74.3% (+74.3% LfL) |
| E-commerce as a percentage of Group sales | 37.0% (Germany: 50.2%) | 19.3% (Germany: 31.9%) | +17.7 percentage points (Germany: +18.3 percentage points) |
| Adjusted EBITDA | 177 million euros | 219 million euros | -19,2% |
Düsseldorf, 24 February 2021. Douglas, Europe’s leading premium beauty platform, will release its results for the first quarter 2020/21 on 26 February 2021.
The results release and accompanying presentation will be available through the Investor Relations website (http://ir.douglas.de/).
A conference call discussing the results will be held at 11:00 a.m. CET on 26 February 2021.
Please use this link to participate in the Webcast only (also available on our website).
******ABOUT DOUGLAS:
Douglas is the leading premium beauty platform in Europe. Offering more than 100,000 beauty and lifestyle products in online shops, the beauty marketplace and around 2,400 stores, Douglas inspires customers to live their own kind of beauty by a previously unparalleled assortment. The continued expansion of the fast-growing e-commerce business is the focus of the #FORWARDBEAUTY.DIGITALFIRST strategy programme. In fiscal year 2019/2020, Douglas generated sales of 3.2 billion euros in the areas of perfumery, decorative cosmetics, skin and hair care as well as nutritional supplements and accessories.
More information is available at http://corporate.douglas.de/.
Düsseldorf, 28 January 2021. Douglas, Europe’s leading premium beauty platform, is accelerating its growth trajectory in digital retail, having generated sales of 822 million euros in the 2019/20 financial year (up to the end of September), following a significant 40.6 percent increase in e-commerce.
Due to the e-commerce growth, Douglas has generated Group sales of 3.2 billion euros – just 6.4 percent short of last year’s record figure of 3.5 billion euros – despite a COVID-induced slump in its brick-and-mortar business after months-long lockdowns.
Operating profit (Adjusted EBITDA) declined by 16.7 percent year-on-year to 292 million euros. This is primarily due to the coronavirus-related decline in in-store sales and to future-oriented investments in the expansion of the e-commerce business.
The extent to which Douglas is benefiting from the consistent focus on its e-commerce business is also shown by the substantial increase in online sales over the Christmas period during the latest lockdown. For the first time ever, Douglas generated over 1 billion euros in e-commerce sales during the 2020 calendar year.
The months-long lockdowns during the COVID-19 pandemic have additionally accelerated the general trend towards online shopping. In view of this sustained change in shopper behaviour towards online, Douglas has already been carefully reviewing its entire European store network since the summer of 2020, has announced that there will be adjustments, and has now completed this analysis. Out of 2,400 European stores, a total of around 500 is to be closed – the majority of them in Southern Europe and circa 60 of the circa 430 stores in Germany. Together with the German Federal Employment Agency (BA), Douglas has commissioned a transfer agency to support the circa 600 affected store employees in Germany (out of a total of more than 5,200) in their professional reorientation. Additionally, the affected employees will be offered severance payments above the industry norm.
Tina Müller, Group CEO Douglas: “Following our record sales in 2018/19, we benefited significantly from our investments in e-commerce as part of our #FORWARDBEAUTY strategy throughout the COVID-19 pandemic year. We have a deep understanding of our customers’ needs, understand their purchasing behaviour and we will continue to drive the transformation towards e-commerce initiated in 2018. Our success to date, with online sales of more than 1 billion euros in the entire calendar year 2020, is both a confirmation that our strategy is working and motivation for us to continue to execute on our #FORWARDBEAUTY.DigitalFirst strategy. This year, no other European beauty retailer has seen such a strong increase in online sales combined with double-digit EBITDA margins. Thanks to its loyal customers, Douglas has achieved a considerable sales volume of 3.2 billion euros, only slightly below last year’s record figure.”
Successful transformation into an integrated beauty platform
With average annual growth of 36.5 percent on a comparable basis since the launch of the #FORWARDBEAUTY strategy in the 2017/18 financial year, the e-commerce business has been a long-term success story for Douglas. In the 2019/20 financial year, Douglas accelerated its growth trajectory yet again: E-commerce growth in the fourth quarter (up to the end of September) with 44.5 percent was significantly higher than the overall annual trend and was achieved despite stores having reopened during this period. The markets in South-Western and Eastern Europe recorded particularly strong online growth, with growth rates of over 80 percent in the fourth quarter. Overall, Douglas was able to gain market shares in all major core markets in the online beauty retail sector, according to the retail panel of the market research institute NPD Group. The sales share attributable to e-commerce over the entire year now stands at 25.4 percent for Europe as a whole and at 39.9 percent in the important German home market.
In the 2019/20 financial year, the number of online customers rose by more than 40 percent. Looking at the entire 2020 calendar year, the number of visits to the online shop increased by more than 50 percent. A significant milestone on the digital growth trajectory was the successful launch of Europe’s first beauty marketplace at the end of 2019. Partner companies offer their products on this open marketplace, expanding Douglas’ assortment to over 100,000 products by now. In addition to Germany, the marketplace is now live in Austria and France.
Douglas brings successful strategy #FORWARDBEAUTY.DigitalFirst to the next level
Since summer of 2020, Douglas has been integrating Online shops, the marketplace and stores on a digitally connected, data-based beauty platform. Serving as worlds of immersive retail experience in city centers, stores offer a point of entry into the digitalized customer journey at Douglas. In the last financial year, circa 4 billion personalized customer approaches were made, thanks to over 44 million Beauty Cards. Generating app downloads is also an essential element of the stores’ business model.
For customers, experience, service and consultation become the main attraction of stores. At the same time, they benefit from the connection of geographical proximity and digital offerings such as “Click & Collect”, allowing them to shop conveniently from home and pick up the products at a nearby store. The new “Ship from Store” service gives customers the option of same-day home delivery and enhances the availability of products by making the inventories of additional connected stores in the online marketplace available to customers. The stores themselves are thus transformed into closely connected online shops, thereby generating additional sales.
Tina Müller: “In the important Christmas quarter we were once again able to grow our online business strongly with Singles Day, Black Friday and our Christmas campaign, resulting in a record quarter for our e-commerce business. This cushioned the impact of the second lockdown relatively successfully. We also have big plans for the months to come: the necessary reduction of our store network will be accompanied by investments in flagship stores in top locations, international leading brands and the consistent expansion of digital retail throughout Europe. Our rapid transformation since 2018 is without precedent among long-established retail companies and demonstrating the strength of the combination of brick-and-mortar and online retailing. This means that our company will continue to seize its opportunities in the future and is now the only successful platform company with a history of more than a century.”
At the end of the calendar year 2020, total liquidity amounted to 459 million euros (2019: 362 million euros). As a prudent measure in light of the current lockdowns with an as yet undetermined end, Douglas has also received additional commitments from banks for a 75 million euros incremental revolving facility.
Adjustment of the European store network
Douglas is actively contributing to shaping the long-term changes in consumer behaviour with its platform strategy, in particular the massive shift towards online retail and the associated decline in brick-and-mortar business. The coronavirus pandemic has further accelerated the pace of this transformation, making the adaptation of the store network a necessary step. The future viability of every store was examined on the basis of extensive individual analyses in recent months, also taking into account the important Christmas period.
The majority of the roughly 500 store closures are planned to take place in Southern Europe, which was hit particularly hard by the impact of the COVID-19 pandemic. In some of these markets, previous acquisitions have also left Douglas with a dense, partly overlapping store network. Alongside with the store closures, the company will also seek to optimize the cost base of the remainder of the store network. Discussions on the precise nature of the envisaged measures will be held with employee representatives in these markets.
With the above measures, the company expects to reduce its cost base while retaining a significant portion of the sales from closed stores, which are expected to transfer to surrounding stores or to the online shop, in line with previous experience. Combined with other measures, the resulting Adjusted EBITDA impact is expected to be circa 120 million euros per year, to be achieved from the next fiscal year onwards. This highly focussed approach puts Douglas in an ideal position to accelerate its long-term growth trajectory as the leading beauty platform.
ABOUT DOUGLAS:
Douglas is the leading premium beauty platform in Europe. Offering more than 100,000 beauty and lifestyle products in online shops, the beauty marketplace and around 2,400 stores, Douglas inspires customers to live their own kind of beauty by a previously unparalleled assortment. The continued expansion of the fast-growing e-commerce business is the focus of the #FORWARDBEAUTY.DigitalFirst strategy. In fiscal year 2019/2020, Douglas generated sales of 3.2 billion euros in the areas of perfumery, decorative cosmetics, skin and hair care as well as nutritional supplements and accessories.
MEDIA CONTACT:
Eva Krüger
Corporate Communications Manager
Telefon: +49 211 16847 6644
E-Mail: pr@douglas.de
OVERVIEW FINANCIAL RESULTS:
As of 30/09/2020 | Fiscal Year 2019/20 | Fiscal Year 2018/19 | Change |
Group Sales | 3.2bn euros | 3.5bn euros | -6.4 percent |
Sales Stores | 2.4bn euros | 2.8bn euros | -15.8 percent |
Sales E-Commerce | 822m euros | 584m euros | +40.6 percent |
Online Revenue Share | 25.4 percent | 16.9 percent | +8.5 percent points |
Adjusted EBITDA | 292m euros | 351m euros | -16.7 percent |
| |||
Sales E-Commerce | 1bn euros LTM | 632m euros LTM | + 59.4 percent |
Liquidity as of 31/12/2020 | 459m euros | 362m euros | + 21.1 percent |
Douglas GmbH / Key word(s): Strategic Company Decision Douglas has completed the analysis of its Europe-wide store network, which was initiated in the summer of 2020, and has decided on adjustments with the approval of the Supervisory Board and shareholders. Around 500 of the approximately 2,400 shops across Europe are to be closed by the end of September 2022, mainly in Southern Europe. With the adjustments to the store network a leaner organisational structure will be implemented. As a result, Douglas expects an annual EBITDA contribution of around 120 million euros. This comes with an estimated one-off cash charge of 94 million euros net in the financial years 2020/21 and 2021/22. 28-Jan-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Douglas GmbH |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany | |
| ISIN: | XS1251078009, XS1251077373 |
| WKN: | A161MW, A161W3 |
| Listed: | Regulated Unofficial Market in Berlin, Frankfurt, Hamburg, Hanover, Munich, Stuttgart; Dublin |
| EQS News ID: | 1163928 |
| End of Announcement | DGAP News Service |
Düsseldorf, 26 January 2021. Douglas, Europe’s leading premium beauty platform, will release its results for the fourth quarter and full fiscal year 2019/20 on 28 January 2021.
The results release and accompanying presentation will be available through the Investor Relations website (http://ir.douglas.de/).
A conference call discussing the results will be held at 11:00 a.m. CET on 28 January 2021.
Please use this link to participate in the Webcast only (also available on our website).
******ABOUT DOUGLAS:
Douglas is the leading premium beauty platform in Europe. Offering more than 100,000 beauty and lifestyle products in online shops, the beauty marketplace and around 2,400 stores, Douglas inspires customers to live their own kind of beauty by a previously unparalleled assortment. The continued expansion of the fast-growing e-commerce business is the focus of the #FORWARDBEAUTY.DIGITALFIRST strategy programme. In fiscal year 2019/2020, Douglas generated sales of 3.2 billion euros in the areas of perfumery, decorative cosmetics, skin and hair care as well as nutritional supplements and accessories.
More information is available at http://corporate.douglas.de/.
Tina Müller, Douglas Group CEO: “I am proud of the entire team’s performance. Working together, we have safely navigated Douglas through the crisis. Our fast and resolute crisis management, our strict cost discipline, and the early digitalisation of the company in line with our #FORWARDBEAUTY strategy had a clear impact. When we launched this strategic programme, we focused on e-commerce from the very beginning. We are now profiting enormously from this decision. We have broadly expanded our position as a leading premium e-commerce provider and could offset partially the drop in sales from our stores. We have now reopened most of our stores across Europe and saw already again a clear upward trend in our store sales in June.”
Strong growth in e-commerce even after store reopenings
During the first nine months of fiscal year 2019/20, Douglas generated e-commerce sales of 640 million euros, an increase of 39.6 percent year-on-year. “The coronavirus pandemic has radically and permanently changed consumption behaviour. Even before the corona crisis began, there was a shift towards online retailing – the pandemic has accelerated this trend even further,” says Vanessa Stützle, Douglas Group CDO. “In the third quarter, our e-commerce business increased by 70.3 percent year-on-year, and the number of new customers even rose by over 90 percent. We are also really pleased to see that this momentum has continued even after stores reopened. We assume that today we are already generating about three times the amount of online sales that our nearest competitor is generating in Germany. We are approaching the 1 billion euros sales mark in e-commerce with great strides.” During the first nine months of the fiscal year, Douglas generated 25.6 percent of its total sales online. In its home market of Germany, the number came to as much as 39.9 percent.
Douglas maintains robust liquidity reserves
Douglas remains committed to consistent liquidity and cost management to offset the impact of the coronavirus pandemic on its business operations. On 30 June 2020, the company held robust liquidity reserves of 339 million euros. Free cashflow totalled 29 million euros in the third quarter, another year-on-year increase. At 3.9 million euros, the company’s net profit for the first nine months of the fiscal year was positive.
Successful reopening of nearly all stores in Europe
Following the end of government-ordered store closures, Douglas has reopened nearly all of its 2,400 stores in Europe in compliance with official regulations and hygiene measures. The number of customers in the stores has risen since April when the easing of restrictions began. Store sales showed a sharp upward trend, particularly in June. Sales approached the previous year’s level despite some still limited opening hours.
Against the background of the changed consumer behaviour, Douglas announced plans in June to develop a future concept for its European store network. The company originally planned to present the concept during late summer. But the company’s Management Board has now decided to expand the analytical period for two reasons. First, it wants to be able to make a sound, responsible decision about the future potential of every individual store in various countries. Second, it wants to determine how extensive the new form of consumer behaviour is during the crucial Christmas business. The concept is now expected to be presented at the beginning of 2021.
ABOUT DOUGLAS:
Douglas is one of the leading multichannel premium beauty retailers in Europe with about
2,400 stores and a unique e-commerce platform that is currently being expanded into a curated beauty marketplace. The #FORWARDBEAUTY strategy defines the path into the future of omnichannel retailing. Already today Douglas is the number one beauty destination in 26 countries, offering its customers an attractive portfolio of around 55,000 high-quality products from over 750 brands in the fields of perfumery, decorative cosmetics and skin care, as well as nutritional supplements and accessories. Douglas generated sales of 3.5 billion euros in fiscal year
2018/2019. Around 20,000 beauty experts encourage and inspire Douglas customers every day to live their own kind of beauty.
# d o i t f o r y o u
PRESS CONTACT:
Eva Krüger
Corporate Communications Manager
Telephone: +49 211 16847 6644
E-mail: e.krueger@douglas.de
Düsseldorf, 6 August 2020. Douglas, one of the leading retailers in the European beauty industry, will be releasing its results for the third quarter 2019/20 to the market on 13 August 2020.
The results release and accompanying presentation will be available through the Investor Relations website (https://ir.douglas.de/).Douglas is the leading premium beauty retailer in the European beauty industry with about 2,400 stores and fast-growing online shops in 26 European countries. In the financial year 2018/19, the company generated sales of 3.5 billion euros. Every day, around 20,000 dedicated beauty advisors strive to make their customers more beautiful and thus happier. Douglas has a portfolio of some 55,000 high-quality products of more than 750 brands in the areas of perfumery, decorative cosmetics and skincare as well as food supplements and accessories. With more than 44 million Beauty Card holders, Douglas has one of the largest customer loyalty programs in Europe. Providing excellent consultation and a range of unique services, Douglas is one of the leading companies in the beauty market – both online and in stores.
More information is available at http://corporate.douglas.de/.
#doitforyou
Douglas GmbH / Key word(s): Miscellaneous Düsseldorf, 16 June 2020. Douglas, one of Europe's leading premium beauty retailers, is continuing to implement its #FORWARDBEAUTY strategy with the accelerated expansion of e-commerce business and the realignment of its store network. In this context, the Douglas Supervisory Board has appointed Michael Keppel as Chief Restructuring Officer (CRO) as of 1 July 2020 to enhance the Management Board under the leadership of Tina Müller. Tina Müller will be returning from sick leave to resume her duties as Group CEO on 1 July 2020. In his newly created position, Michael Keppel will develop a concept for repositioning and future-proofing the Douglas store network within the framework of the #FORWARDBEAUTY strategy against the background of the changed market environment caused by the coronavirus pandemic. At the same time, Douglas is working at accelerating e-commerce growth through its platform strategy and reaching the one-billion-euro mark in e-commerce sales expeditiously. Dr. Henning Kreke, Chairman of the Douglas Supervisory Board said: "The coronavirus pandemic has changed consumption behaviour radically. Some of this change will be permanent - leading to a lasting loss of frequency and sales for stationary retail business. As a responsible retail company, we have always actively steered our store network. And we will do this again now". Tina Müller, Douglas Group CEO added: "The coronavirus pandemic has acted as a catalyst and additional accelerator for online retail business. Nevertheless, the stores will remain a major pillar of our omnichannel strategy, but the store network needs to change to remain sustainable in the new reality. With Michael Keppel, we have not only been able to take on board a very experienced restructuring expert, but also one with considerable competence in retail who has been immensely successful as a team player in other constellations. I'm looking forward to working with him." Michael Keppel comes from a family business in wholesale and retail and has over 25 years of experience in restructuring, especially in the retail industry. Since the founding of Keppel Managementpartners in 2011, he has worked as an independent management consultant. In this capacity, and as a partner at his earlier employers Alvarez & Marsal and Alix Partners, he frequently supported companies as an interim CRO. While accelerating its e-commerce growth, Douglas will also develop a concept for the future of its European stores in the coming months. The concept for the store network is expected to be presented at the end of the summer. As yet, no decisions have been taken in regard to concrete measures. ABOUT DOUGLAS: Douglas is one of the leading multichannel premium beauty retailers in Europe with about 2,400 stores and a unique e-commerce platform that is currently being expanded into a curated beauty marketplace. The #FORWARDBEAUTY strategy defines the path into the future of omnichannel retailing. Already today Douglas is the number one beauty destination in 26 countries, offering its customers an attractive portfolio of around 55,000 high-quality products from over 750 brands in the fields of perfumery, decorative cosmetics and skin care, as well as nutritional supplements and accessories. Douglas generated sales of 3.5 billion euros in fiscal year 2018/2019. Around 20,000 beauty experts encourage and inspire Douglas customers every day to live their own kind of beauty. PRESS CONTACT: Dr. Julia Sosnizka 16-Jun-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Douglas GmbH |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany | |
| ISIN: | XS1251078009, XS1251077373 |
| WKN: | A161MW, A161W3 |
| Listed: | Regulated Unofficial Market in Berlin, Frankfurt, Hamburg, Hanover, Munich, Stuttgart; Dublin |
| EQS News ID: | 1070547 |
| End of Announcement | DGAP News Service |
Düsseldorf, 21 May 2020. Douglas, one of the leading retailers in the European beauty industry, will be releasing its results for the second quarter 2019/20 to the market on 27 May 2020.
The results release and accompanying presentation will be available through the Investor Relations website (http://ir.douglas.de/).
A conference call discussing the results will be held at 11:00 a.m. CET on 27 May 2020.
Please use this link to participate in the Webcast only (also available on our website).
ABOUT DOUGLAS:
Douglas is the leading premium beauty retailer in the European beauty industry with about 2,400 stores and fast-growing online shops in 26 European countries. In the financial year 2018/19, the company generated sales of 3.5 billion euros. Every day, around 20,000 dedicated beauty advisors strive to make their customers more beautiful and thus happier. Douglas has a portfolio of some 55,000 high-quality products of more than 750 brands in the areas of perfumery, decorative cosmetics and skincare as well as food supplements and accessories. With more than 44 million Beauty Card holders, Douglas has one of the largest customer loyalty programs in Europe. Providing excellent consultation and a range of unique services, Douglas is one of the leading companies in the beauty market – both online and in stores.
More information is available at http://corporate.douglas.de/.
#doitforyou
Douglas GmbH / Key word(s): Miscellaneous PRESS RELEASE Douglas Group CEO Tina Müller absent due to illness - adding Chief Digital Officer Vanessa Stützle to the Management Board
The Douglas Supervisory Board has today appointed Vanessa Stützle as Chief Digital Officer and third member of the Management Board alongside Tina Müller and Douglas Group CFO Matthias Born with immediate effect. As Executive Vice President Dr. Henning Kreke, Chairman of the Douglas Supervisory Board, commented: "The entire Supervisory Board wishes Tina Müller a swift recovery. In these difficult times, we are grateful that Tina Müller has built up a strong management team, so that we can now expand the Management Board with a proven top executive from our own ranks. The Corona crisis emphasizes the strategic importance of the e-commerce business for Douglas."
ABOUT DOUGLAS: Douglas is one of the leading multichannel premium beauty retailers in Europe with about 2,400 stores and a unique e-commerce platform that is currently being expanded into a curated beauty marketplace. The #FORWARDBEAUTY strategy defines the path into the future of omnichannel retailing. Already today Douglas is the number one beauty retailer in 26 countries, offering its customers an attractive portfolio of around 55,000 high-quality products from over 750 brands in the fields of perfumery, decorative cosmetics and skin care, as well as nutritional supplements and accessories. Douglas generated sales of 3.5 billion euros in fiscal year 2018/2019. Around 20,000 beauty experts encourage and inspire Douglas customers every day to live their own kind of beauty. PRESS CONTACT: Dr. Julia Sosnizka 11-May-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Douglas GmbH |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany | |
| ISIN: | XS1251078009, XS1251077373 |
| WKN: | A161MW, A161W3 |
| Listed: | Regulated Unofficial Market in Berlin, Frankfurt, Hamburg, Hanover, Munich, Stuttgart; Dublin |
| EQS News ID: | 1041111 |
| End of Announcement | DGAP News Service |
Douglas GmbH / Key word(s): Miscellaneous Ad-hoc Release Against the background of the ongoing spread of the corona virus, Douglas has, in accordance with the requirements of national governments and regional authorities, suspended trading in stores in most European markets. The duration of these measures depends on the respective national and regional regulations. Mail order business and e-commerce of the Douglas omnichannel offering are currently not affected and can be used by customers as usual. In evaluating public safety, Douglas generally bases its decisions on the risk assessments and requirements of national and local authorities. At the moment, there is no reliable information on the necessity of possible further interventions in operating activities. Douglas is carefully monitoring the developments and is in close contact with the relevant authorities in this rapidly changing environment. At this time, the economic impact on Douglas cannot yet be quantified. Douglas has robust cash reserves. Management has initiated extensive operational cost measures to mitigate the impact on earnings. The focused continuation of the e-commerce business is helping to cushion part of the impact of the suspended store trading. At the same time, Douglas is considering participation in the announced national and regional aid programs for affected businesses until normal business operations can be resumed. 17-March-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Douglas GmbH |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany | |
| ISIN: | XS1251078009, XS1251077373 |
| WKN: | A161MW, A161W3 |
| Listed: | Regulated Unofficial Market in Berlin, Frankfurt, Hamburg, Hanover, Munich, Stuttgart; Dublin |
| EQS News ID: | 999161 |
| End of Announcement | DGAP News Service |
Düsseldorf, 19 February 2020. Douglas, one of the leading premium beauty retailers in Europe, has once again started the new 2019/20 fiscal year with record sales in the important Christmas quarter. From September to December, Douglas increased Group sales by 6.0 percent to 1.3 billion euros in a year-on-year comparison, thus surpassing the previous fiscal year's sales record. Growth was driven by all regions and sales channels. In-store sales reached 1.0 billion euros – an increase of 2.5 percent compared with the same quarter last year. E-commerce business grew by 23.2 percent. The company’s even stronger focus on individual customer needs through personalisation, and the general digitalisation of the company were decisive factors in this respect. The other main drivers alongside Christmas business were the successful Singles Day and Black Friday campaigns. Supported by an intelligent pricing strategy, effective marketing and consistent costs discipline, Group-level EBITDA climbed by 16 million euros to 191 million euros. Free cash flow improved significantly compared with the previous year, rising by 15.8 percent to 312 million euros.
Tina Müller, Douglas Group CEO: “We are continuing on our strong growth trajectory in the new fiscal year – with renewed record sales in the Christmas quarter. We have once again grown across all channels in a competitive market environment. At the same time, we have also achieved significant gains in earnings. This shows that we are on the right track with our #FORWARDBEAUTY strategy.”
Further acceleration of organic e-commerce growth
E-commerce business rose by 23.2 percent to 249 million euros in the first three months of the new fiscal year. Douglas accelerated its organic growth by 4.6 percentage points from 17.3 percent to 21.9 percent in a year-on-year comparison. “E-commerce business is and remains our growth engine, including in the strategically important Christmas quarter. Following the complete incorporation of Parfumdreams, we were once more able to accelerate our organic e-commerce growth”, says Vanessa Stützle, Douglas Group EVP E-Commerce & CRM. “Our marketplace is becoming the heart of our platform strategy. With more than 18,000 premium quality products, we offer our customers an even more extensive range to choose from, and are expanding it every day.” As the first marketplace for beauty products, Douglas initially launched its exclusive partner programme in October 2019 in its home market Germany. The concept will be rolled out successively to further international markets.
Operating results increase in all markets EBITDA rose significantly in the first three months of the fiscal year by 9.2 percent to 191 million euros. The adjusted EBITDA increased by 5.1 percent to 196 million euros. The main drivers were an intelligent, margin-boosting price strategy and consistent costs discipline. In a highly competitive environment, the EBITDA margin of 14.8 percent is slightly higher than the previous year’s (14.4 percent). Douglas stepped up profitability above all in its home market Germany: with a sales growth of 7.9 percent to 481 million euros, EBITDA improved significantly, rising by 32.9 percent year-on-year to 43 million euros.
Brand appeal and innovative data management drive profitable growth
The strong Christmas season turnover was instrumental in getting Douglas off to its triumphant start into the new year, with the “Gifting XMAS” campaign and Douglas’ own Christmas collection contributing as decisive success factors. They not only had a positive impact on demand for the high-margin own brands, but also on sales in the premium and luxury segment. Along with Christmas business, the Douglas Singles Day and Black Friday campaigns were also extremely successful. Supported by the successful rejuvenation of the brand in the past years, Douglas was able to increase the efficiency of the campaigns even further. The use of innovative data management also contributes significantly in this respect. Customers received customised offers based on AI algorithms. “In all the strategic pillars of the #FORWARDBEAUTY strategy – Brand, Store experience, E-commerce, Assortment and CRM – we are today benefiting from the investments made in recent years. Consistent digitalisation of the entire company, brand modernisation and innovative data management form the basis for our long-term success. This has been a magnificent performance by our whole team”, says Tina Müller. “We will continue to drive the implementation of #FORWARDBEAUTY ahead with all our strength. In this way, we will ensure that we keep up with the latest developments and are always ready to try out something new.”
ABOUT DOUGLAS:
Douglas is one of the leading multichannel premium beauty retailers in Europe with about 2,400 stores and a unique e-commerce platform that is currently being expanded into a curated beauty marketplace. The #FORWARDBEAUTY strategy defines the path into the future of omnichannel retailing. Already today Douglas is the number one beauty retailer in 26 countries, offering its customers an attractive portfolio of around 55,000 high-quality products from over 750 brands in the fields of perfumery, decorative cosmetics and skin care, as well as nutritional supplements and accessories. Douglas generated sales of 3.5 billion euros in fiscal year 2018/2019. Around 20,000 beauty experts encourage and inspire Douglas customers every day to live their own kind of beauty.
#doitforyou
Düsseldorf, 13 February 2020. Douglas, one of the leading retailers in the European beauty industry, will be releasing its results for the first quarter 2019/20 to the market on 19 February 2020.
The results release and accompanying presentation will be available through the Investor Relations website (http://ir.douglas.de/).Douglas is the leading premium beauty retailer in the European beauty industry with about 2,400 stores and fast-growing online shops in 26 European countries. In the financial year 2018/19, the company generated sales of 3.5 billion euros. Every day, around 20,000 dedicated beauty advisors strive to make their customers more beautiful and thus happier. Douglas has a portfolio of some 55,000 high-quality products of more than 750 brands in the areas of perfumery, decorative cosmetics and skincare as well as food supplements and accessories. With more than 40 million Beauty Card holders, Douglas has one of the largest customer loyalty programs in Europe. Providing excellent consultation and a range of unique services, Douglas is one of the leading companies in the beauty market – both online and in stores.
More information is available at: http://corporate.douglas.de/.
Düsseldorf, 18 December 2019. Douglas closes fiscal year 2018/19 with strong growth figures. In a year-on-year comparison, Group sales rose by 5.4 percent to 3.5 billion euros. Growth was driven by all regions and sales channels, while the strategically important e-commerce business remained the strongest growth driver with a plus of 38.2 percent.
Douglas increased EBITDA in fiscal year 2018/19 by 40.1 percent to 283 million euros, with a simultaneously positive annual net profit. The most important driver was the strong increase in sales coupled with the reduction in extraordinary items compared to last year’s restructuring phase. Free cash flow improved significantly year-on-year, rising to 92 million euros.
Tina Müller, Douglas Group CEO: “By swiftly implementing the #FORWARDBEAUTY strategy we were able to significantly expand our leading market position in Europe. Our strategic investments in digitalisation, competitiveness, as well as the rejuvenation and premiumization of the brand have made us the number one beauty destination.”
Leap in online business growth
The e-commerce business achieved exceptional growth in fiscal 2018/19. With sales of 585 million euros, Douglas underpinned its leadership as the industry's most important provider by far in the strategic e-commerce growth market. The online channels accounted for 16.9 percent of total annual turnover. In Germany, Douglas even generated almost one third of its total annual turnover online (29.4 percent): three times as much as its nearest competitor.
Market place successfully launched
“Last year, we strengthened our e-commerce business substantially. The launch of our market place is a further important step in our platform strategy and makes us pioneers in this industry”, says Vanessa Stützle, Douglas Group EVP E-Commerce & CRM. We have thus established the first marketplace for beauty products in Europe.” Douglas is using the marketplace to expand its online range without building up additional inventories by integrating brands from exclusively selected partners. The first step will be an additional offering of more than 10,000 products from the accessories and natural cosmetics segments. A large number of other partners are lined up to sell their products via the Douglas online shop in Germany. Following the successful launch in Douglas’ home market Germany, the new offering will be rolled out to further markets.
In-store business growth bucks market trend
In contrast to the retail market trend, Douglas’ European in-store business has also grown, notching up an 0.8 percent increase in sales compared to the same period last year. The stores, in particular, are benefiting from investments in the brand upgrade and strengthening of the product range. By the end of 2019, the new branding will have been completed at all 2,400 stores in Europe. At the same time, Douglas is continuing to modernise its store network and is experiencing double-digit growth in modernised stores. In large urban areas, further flagship stores offering a comprehensive range of premium and trend brands as well as treatment and service offerings will be opened.
Significant expansion of product range
At the same time, Douglas has also extensively broadened its product range to include 55,000 products from over 750 brands in Germany alone. “One of the main components of our strategy is the expansion of our product range through the addition of premium owned brands. We have significantly increased our market share in facial care with the introduction of the Dr. Susanne von Schmiedeberg brand, and with #INNERBEAUTY have successfully responded to the beauty trend of food supplements. Products from both these lines are among our ten best sellers in the German market”, says Susanne Cornelius, Douglas Group CMO. The company has lifted sales by 9.4 percent to 620 million euros with high-margin owned and exclusive brands.
Exclusive cooperation with Kylie Jenner starting in spring 2020
Douglas will be launching Kylie Skin exclusively to customers across Europe with a full distribution at Douglas Group. With the launch of Kylie Skin Douglas will be adding one of the fastest-growing and most-engaged beauty brands on social media from the USA to its assortment. A milestone for Douglas, and a major step towards providing customers with an innovative and unique assortment. Douglas expects this to be the biggest skin care launch of 2020 and to rank among its top ten skin care brands.
German home market continues on growth course
As a result of its strong e-commerce business in particular, Douglas increased its year-on-year German home market sales in fiscal year 2018/2019 by 11.4 percent to 1.3 billion euros. In contrast to the market trend in German retailing, not only online but also in-store business contributed to sales growth. Douglas also succeeded in gaining market share in in-store business.
Increase in sales for the fifth quarter in a row
Douglas successfully continued its growth trajectory in the fourth quarter of 2018/2019. Group sales rose between July and September by 6.6 percent to 744 million euros on a year-to-year comparison. The most important growth driver in this respect once again was the e-commerce business, with a sales increase of 35.9 percent compared to the same quarter last year. “The last quarter was the fifth* in a row in which we increased sales since the introduction of #FORWARDBEAUTY”, says Tina Müller. “This success is the result of a magnificent performance by our whole team!”
*Adjusted for the Easter effect
ABOUT DOUGLAS:
Douglas is one of the leading multichannel premium beauty retailers in Europe with about 2,400 stores and a unique e-commerce platform that is currently being expanded into a curated beauty marketplace. The #FORWARDBEAUTY strategy defines the path into the future of omnichannel retailing. Already today Douglas is the number one beauty retailer in 26 countries, offering its customers an attractive portfolio of around 55,000 high-quality products from over 750 brands in the fields of perfumery, decorative cosmetics and skin care, as well as nutritional supplements and accessories. Douglas generated sales of 3.5 billion euros in fiscal year 2018/2019. Around 20,000 beauty experts encourage and inspire Douglas customers every day to live their own kind of beauty.
#doitforyou
Düsseldorf, 12 December 2019. Douglas, one of the leading retailers in the European beauty industry, will be releasing its results for the full fiscal year 2018/19 to the market on 18 December 2019.
The results release and accompanying presentation will be available through the Investor Relations website (http://ir.douglas.de/).
A conference call discussing the results will be held at 11:00 a.m. CET on 18 December 2019.
Please use this link to participate in the Webcast only (also available on our website).
ABOUT DOUGLAS:
Douglas is the leading premium beauty retailer in the European beauty industry with about 2,400 stores and fast-growing online shops in 26 European countries. In the financial year 2017/18, the company generated sales of 3.3 billion euros. Every day, around 20,000 dedicated beauty advisors strive to make their customers more beautiful and thus happier. Douglas has a portfolio of some 55,000 high-quality products of more than 750 brands in the areas of perfumery, decorative cosmetics and skincare as well as food supplements and accessories. With more than 40 million Beauty Card holders, Douglas has one of the largest customer loyalty programs in Europe. Providing excellent consultation and a range of unique services, Douglas is one of the leading companies in the beauty market – both online and in stores.More information is available at http://corporate.douglas.de/.
Düsseldorf, 29 August 2019. Douglas, one of Europe’s leading premium beauty retailers, continued its growth trajectory in the first nine months of fiscal year 2018/2019 with group sales rising by 5.1 percent year-on-year to around 2.7 billion euros. Having implemented its #FORWARDBEAUTY growth strategy, Douglas has successfully increased sales within all channels. Especially the strategically important e-commerce business continues to definitively boost sales growth, increasing 38.9 percent year-on-year.
Tina Müller, Douglas Group CEO: “Despite intense competition, Douglas is experiencing growth in all channels and is gaining market share. This is the result of the rigorous investments in our #FORWARDBEAUTY strategy. The strategically important online business in particular is growing strongly, profitably, and at the same time significantly faster than the market. We will have more than half a billion euros in online sales this year for the first time. This shows the value of our efforts in driving digitalization in the company forward, while we are successfully expanding our strong position as one of Europe’s leading premium beauty retailers, both in e-commerce and in stores.”
Sales and margin increased
Reported EBITDA in the first nine months of the fiscal year rose by 57.6 percent to 247 million euros. This clearly demonstrates the improvements made in operations as well as the significant reduction in adjustments for extraordinary items and write-downs compared with the previous year. Adjusted EBITDA of 295 million euros remained at the prior-year level. By contrast, free cash flow rose by a substantial 29.2 percent to 91 million euros.
Strong third quarter 2018/19
The third quarter of 2018/19 contributed significantly to the successful performance in the first nine months. Douglas’ sales rose to 762 million euros this quarter up by 5.7 percent on the prior-year period. E-commerce sales increased by 44.3 percent year-on-year. One reason for this was strong Easter trading, with Easter falling in the third quarter this year. At the same time, Douglas has significantly increased profitability with adjusted EBITDA increasing to 70 million euros up 21.8 percent from the prior-year period. Following a loss in the previous year due in part to write-downs, reported EBITDA in the third quarter increased by a total of 83 million euros to 41 million euros.
Further expansion of the online business
The online business continues to be the most important growth area for Douglas with online sales in the first nine months rising to 459 million euros, equivalent to 16.9 percent of total sales. In Germany, this share is already at 29.4 percent. Douglas continued to invest in e-commerce during the reporting period, including the acquisition of a majority stake in NICHE BEAUTY, an aspiring online business for selected trend products, in August. Through this acquisition, Douglas is expanding its strong position as one of Europe’s leading premium beauty retailers and gaining an internet sales platform with a broad reach.
Online marketplace to be launched in October 2019
Douglas also continues to make strides with its platform strategy and the preparations for the launch of the open online marketplace are in full swing. The first partners are already on board and will be integrated in October 2019, just in time for the beginning of the important Christmas season. Leveraging the marketplace, Douglas’ goal is to further expand the position of the first point of contact for beauty online. The marketplace will first be launched in Germany, Douglas’ home market, before being rolled out in stages internationally.
Growth in all regions and areas
In its highly competitive home market of Germany, Douglas increased sales during the first nine months of the fiscal year by 11.9 percent, continuing its upward trend. The catalyst for sales growth in this market was primarily the strong online business, with the in-store business also contributing. Reported EBITDA increased in all regions compared with the prior-year period.
Besides e-commerce, the network of stores also experienced sales growth in all regions. Group-wide store sales growth in the third quarter was 1.0 percent. To further strengthen the future viability of the business, Douglas conducted an extensive analysis of its store network. At about 70 of these European stores – roughly 3 percent of its approximately 2,400 stores throughout Europe – Douglas found that these locations have shown no prospects for growth over the long term, in particular due to continuously declining visits. These are mainly stores outside Germany. Douglas plans to scale back these stores by the end of the year 2020. However, at the same time, there are further growth opportunities in other attractive locations, mainly in large urban areas. Douglas is drawing on these opportunities with store renovations and through opening new flagship stores. Douglas is also continuing its expansion in locations with high growth and demand, mainly in Eastern Europe.ABOUT DOUGLAS:
Douglas is one of the leading retailers in the European beauty industry with about 2,400 stores and fast-growing online shops in 26 European countries. In the financial year 2017/18, the company generated sales of 3.3 billion Euros. Every day, around 20,000 dedicated beauty experts strive to make their customers more beautiful and thus happier. Douglas has a portfolio of some 50,000 high-quality products of more than 650 brands in the areas of perfumery, decorative cosmetics and skincare as well as food supplements and accessories. With around 40 million Beauty Card holders, Douglas has one of the largest customer loyalty programs in Europe. Providing excellent consultation and a range of unique services, Douglas is one of the leading companies in the beauty market – both online and in stores.
#doitforyou
PRESS CONTACT:
Katharina Blumenfeld
Phone: +49 (0) 173 73 10 735
E-mail: kblumenfeld@heringschuppener.com
Düsseldorf, 23 August 2019. Douglas, one of the leading retailers in the European beauty industry, will be releasing its results for the first 9 months of FY2018/19 to the market on 29 August 2019.
The results release and accompanying presentation will be available through the Investor Relations website (http://ir.douglas.de/).
A conference call discussing the results will be held at 11:00 a.m. CET on 29 August 2019.
Please use this link to participate in the Webcast only (also available on our website)
ABOUT DOUGLAS:
Douglas is the leading premium beauty retailer in the European beauty industry with about 2,400 stores and fast-growing online shops in 24 European countries. In the financial year 2017/18, the company generated sales of 3.3 billion euros. Every day, around 20,000 dedicated beauty advisors strive to make their customers more beautiful and thus happier. Douglas has a portfolio of some 50,000 high-quality products of more than 650 brands in the areas of perfumery, decorative cosmetics and skincare as well as food supplements and accessories. With around 40 million Beauty Card holders, Douglas has one of the largest customer loyalty programs in Europe. Providing excellent consultation and a range of unique services, Douglas is one of the leading companies in the beauty market – both online and in stores.
More information is available at http://corporate.douglas.de/.
#doitforyou
Düsseldorf, 17 May 2019. Bobby Rajan appointed as Interim Group Chief Financial Officer. As per press release dated 26 March 2019 (available on our website), Matthias Born will take over the role of Chief Financial Officer of Douglas GmbH from Michael Rauch. In order to ensure a seamless transition, the Supervisory Board of Douglas GmbH appointed Bobby Rajan as Interim Chief Financial Officer with immediate effect (i.e. from 17 May 2019) until 5 August 2019, when Matthias Born will assume his role as previously communicated.
ABOUT DOUGLAS:
Douglas is the leading premium beauty retailer in the European beauty industry with about 2,400 stores and fast-growing online shops in 24 European countries. In the financial year 2017/18, the company generated sales of 3.3 billion euros. Every day, around 20,000 dedicated beauty advisors strive to make their customers more beautiful and thus happier. Douglas has a portfolio of some 50,000 high-quality products of more than 650 brands in the areas of perfumery, decorative cosmetics and skincare as well as food supplements and accessories. With around 40 million Beauty Card holders, Douglas has one of the largest customer loyalty programs in Europe. Providing excellent consultation and a range of unique services, Douglas is one of the leading companies in the beauty market – both online and in stores.
More information is available at http://corporate.douglas.de/.
#doitforyou
Düsseldorf, 16 May 2019. Douglas, Europe’s leading premium beauty retailer, continues its successful growth track. Group sales rose by 4.8 percent in the first 6 months of fiscal 2018/19 to 1.95 billion euros. Whereas in the previous year the important Easter business was generated in March, this year it will be accounted for in Q3 of the fiscal year because Easter fell in April. After adjusting for this factor, sales in the first 6 months increased by as much as 5.5 percent.
E-commerce activities boosted sales in the first half-year by 36.8 percent to 327 million euros. Organic e-commerce growth excluding the parfumdreams acquisition reached 17.1 percent. This enabled Douglas to successfully expand its position as a leading online provider in Europe.
Tina Müller, Group CEO of Douglas: “Propelled by #FORWARDBEAUTY we grew in all markets, further expanding our position as a European market leader. We will utilise this momentum to press ahead with our successful growth strategy and continue to focus on profitable growth.”
Reported EBITDA has climbed by 3.5 percent to 206 million euros owing to the advancement of the #FORWARDBEAUTY strategy, which is significantly reducing the scope of extraordinary items. When adjusted for the Easter shift, the increase even amounts to 6.5 percent. Due to growth investments in marketing, the digital infrastructure and the strengthening of our price positioning, adjusted EBITDA declined by 4.9 percent to 225 million euros. However, when the Easter shift is factored in, this decline is only 2.5 percent. By contrast, free cash flow rose by a substantial 9.2 percent to 83 million euros.
Further expansion of leading market position in Germany
In Germany – Douglas’ home market – sales increased by 9.5 percent in the first half of 2019, sustainably reinforcing the strong trend seen since the second half of 2018. At the same time, Germany remains the most competitive market in Europe with price aggressive market participants particularly in online trading. In the further course of the year, Douglas plans to achieve a sustainable improvement in earnings with continued attractive pricing through efficiency improvements and strict cost discipline.
Douglas is advancing its platform strategy
The online business is the most important growth driver for the company’s long-term success. In order to tap digital growth potential even more effectively, Douglas is evolving its e-commerce into a platform-based model. To this end, Douglas’ leading e-commerce business will be developed into Europe’s central beauty platform – on a par with well-known platforms in the fashion industry, for instance.
At the core of the platform strategy is the expansion into an open online marketplace, on which Douglas customers will also receive products and beauty offerings from external partners in future. The partner companies in turn will receive access to over 40 million Douglas Beauty Card customers straight away. The first partners are expected to be integrated before Christmas sales begin.
“By opening up our infrastructure to partners, we can scale our platform further, offer customers an unprecedented range of products and create new revenue streams for Douglas – all with extremely efficient use of capital,” said Tina Müller. “Our goal is to create a beauty ecosystem which, as a single point of contact in an interconnected market, will create its own self-reinforcing growth momentum.”
ABOUT DOUGLAS:
Douglas is the leading premium beauty retailer in the European beauty industry with about 2,400 stores and fast-growing online shops in 24 European countries. In the financial year 2017/18, the company generated sales of 3.3 billion euros. Every day, around 20,000 dedicated beauty advisors strive to make their customers more beautiful and thus happier. Douglas has a portfolio of some 50,000 high-quality products of more than 650 brands in the areas of perfumery, decorative cosmetics and skincare as well as food supplements and accessories. With around 40 million Beauty Card holders, Douglas has one of the largest customer loyalty programs in Europe. Providing excellent consultation and a range of unique services, Douglas is one of the leading companies in the beauty market – both online and in stores.
#doitforyou
PRESS CONTACT:
Dr. Julia Sosnizka
Head of Corporate Communications
Phone: +49 (0) 211 16847–585
E-mail: j.sosnizka@douglas.de
Düsseldorf, 9 May 2019. Douglas, one of the leading retailers in the European beauty industry, will be releasing its results for the first half of FY2018/19 to the market on 16 May 2019.
The results release and accompanying presentation will be available through the Investor Relations website (http://ir.douglas.de/).
A conference call discussing the results will be held at 11:00 a.m. CET on 16 May 2019.
Please use this link to participate in the Webcast only (also available on our website).
ABOUT DOUGLAS:
Douglas is the leading premium beauty retailer in the European beauty industry with about 2,400 stores and fast-growing online shops in 24 European countries. In the financial year 2017/18, the company generated sales of 3.3 billion euros. Every day, around 20,000 dedicated beauty advisors strive to make their customers more beautiful and thus happier. Douglas has a portfolio of some 50,000 high-quality products of more than 650 brands in the areas of perfumery, decorative cosmetics and skincare as well as food supplements and accessories. With around 40 million Beauty Card holders, Douglas has one of the largest customer loyalty programs in Europe. Providing excellent consultation and a range of unique services, Douglas is one of the leading companies in the beauty market – both online and in stores.
More information is available at http://corporate.douglas.de/.
#doitforyou
Düsseldorf, 5 December 2018. Douglas, one of the leading retailers in the European beauty industry, will be releasing its results for the full fiscal year 2017/18 to the market on 11 December 2018.
The results release and accompanying presentation will be available through the Investor Relations website (http://ir.douglas.de/).
A Webcast discussing the results will be held at 11:00 a.m. CET on 11 December 2018.
Please use this link to participate (also available on our website).
About Douglas
Douglas is one of the leading retailers in the European beauty industry with about 2,500 perfumeries and fast-growing online shops in 19 European countries. In the financial year 2016/17, the company generated sales of 2.8 billion Euros. Every day, around 20,000 dedicated beauty advisors strive to make their customers more beautiful and thus happier. Douglas has a portfolio of some 38,000 high-quality products in the areas of perfumery, decorative cosmetics and skincare. Providing excellent advice and a range of unique services, Douglas is one of the leading companies in the beauty market – both online and in stores.
More information is available at www.corporate.douglas.de.
Düsseldorf, 20 August 2018. Douglas, one of the leading retailers in the European beauty industry, will be releasing its results for the first nine months of fiscal year 2017/18 to the market on 29 August 2018.
The results release and accompanying presentation will be available through the Investor Relations website (http://ir.douglas.de/).
A Webcast discussing the results will be held at 11:00 a.m. CET on 30 August 2018.
Please use this link to participate (also available on our website).
About Douglas
Douglas is one of the leading retailers in the European beauty industry with about 2,500 perfumeries and fast-growing online shops in 19 European countries. In the financial year 2016/17, the company generated sales of 2.8 billion Euros. Every day, around 20,000 dedicated beauty advisors strive to make their customers more beautiful and thus happier. Douglas has a portfolio of some 35,000 high-quality products in the areas of perfumery, decorative cosmetics and skincare. Providing excellent advice and a range of unique services, Douglas is one of the leading companies in the beauty market – both online and in stores.
More information is available at www.corporate.douglas.de.
Douglas GmbH / Key word(s): Acquisition Ad hoc release Douglas acquires parfumdreams and strengthens German and European e-commerce business
Düsseldorf, 27 April 2018. Beauty retailer Douglas is pushing ahead the implementation of its strategy programme #FORWARDBEAUTY by strengthening its German and European e-commerce business. The company is acquiring a majority stake in Parfümerie Akzente, one of the leading independent retailers of premium beauty and skincare products in Germany. A respective agreement with the owner family Renchen was signed today. Parfümerie Akzente owns parfumdreams - an online shop founded by Kai Renchen in 2004 - as well as 28 brick-and-mortar stores in Germany, most of them in the south-western region. Driven by its robust online business, the family-run enterprise has grown rapidly in recent years. With its 450 employees, Parfümerie Akzente generated net sales of around 75 million Euros in 2017. In addition to its domestic market Germany, the online shop parfumdreams operates in ten European countries including the Netherlands, Belgium, Italy, Spain and France. By acquiring the online pioneer parfumdreams, Douglas sharpens its e-commerce focus, drives forward the digitalisation of its brand and thus strengthens its position as a top address for beauty and cosmetics in Europe. Therefore the transaction is an important step in the company's future efforts to modernise Douglas in the context of its #FORWARDBEAUTY strategy. Upon conclusion of the transaction, Douglas is planning to continue operating the successful online shop parfumdreams under its current brand name. By selectively positioning the two brands, Douglas wants to further enhance its competitiveness in online retail. An effective two-brand strategy will allow Douglas to cover all customer segments optimally. With a tailored portfolio of products, complementary private labels and personalised marketing strategies, Douglas will furthermore be able to address individual customer needs even better. In the context of its #FORWARDBEAUTY strategy, Douglas recently announced plans to significantly upgrade its own brand with a more premium approach. By acquiring parfumdreams, Douglas will also be gaining valuable know-how. With conclusion of the transaction, parfumdreams' Managing Director Kai Renchen is set to remain in charge of the parfumdreams business. He will also join the top management team of Douglas, contributing his considerable e-commerce expertise. Closing of the transaction is subject to customary conditions including merger control approval. The parties have agreed not to disclose financial details of the transaction. 27-Apr-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Douglas GmbH |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany | |
| ISIN: | XS1251078009, XS1251077373 |
| WKN: | A161MW, A161W3 |
| Listed: | Regulated Unofficial Market in Berlin, Frankfurt, Hamburg, Hanover, Munich, Stuttgart; Dublin |
| End of Announcement | DGAP News Service |
Douglas GmbH / Key word(s): Change of Personnel Douglas appoints Tina Müller CEO Düsseldorf, 25 September 2017. Douglas is pushing ahead with its efforts to strategically position and strengthen its brand, as well as to digitize its sales and marketing channels. As of 1 November 2017, brand and sales expert Tina Müller (49) will lead the company as CEO. Tina Müller is currently Chief Marketing Officer at car manufacturer Opel, where she is responsible for the marketing and digitization strategy as well as the ongoing development of the product portfolio. Under her leadership, the company launched the prize-winning "Umparken im Kopf" campaign. The repositioning and the associated portfolio campaign considerably improved Opel's image and helped to ensure that Opel is now once again the first choice of car brand for a significantly larger number of customers. Prior to her role at Opel, Tina Müller worked in the beauty sector for twenty years. She held international management positions at L'Oréal, Wella and Henkel, where she realized a large number of ambitious marketing and sales projects across all core segments, from hair cosmetics to facial care. In her more than 15 years with Henkel, Tina Müller played a key role in the international growth of the Schwarzkopf brand and the successful introduction of the Syoss hair cosmetics brand, among other achievements. "We are delighted that Tina Müller becomes the new CEO of Douglas. She has an impressive track record, particularly in the strategic development and digitization of well-known brands. Although the Douglas brand already enjoys an outstanding reputation, it still has great potential, especially among younger customers. Tina Müller will unlock this potential and lead the company as it embarks on a new chapter," says Dr. Henning Kreke, Chairman of the Supervisory Board of Douglas. Commenting on her new role at Douglas, Tina Müller said: "Douglas is a company with a great market position and a strong brand appeal. It has the opportunity to strengthen its leading position as the European omnichannel champion in the coming years. I am looking forward to working together with the Douglas team to achieve this goal." In her future position, Tina Müller succeeds Isabelle Parize, who has decided to step down at the end of October to pursue a new entrepreneurial challenge. After more than six years of service within our group, she is leaving the company in best mutual agreement. Under her leadership, Douglas successfully completed the first phase of its strategic realignment following the majority takeover by CVC Capital Partners: The company relocated its headquarters to the fashion capital of Düsseldorf, where the online and offline businesses were also bundled under one roof, and significantly boosted its online business. Douglas successfully expanded its high-margin private label "Douglas Nocibé Collection" and systematically pursued its internationalization. This year alone, Douglas has announced three major acquisitions in Italy and Spain, further strengthening the company's leading position in both European core markets. Dr. Henning Kreke said: "Isabelle Parize has moved our company forward at an impressive pace. On behalf of Douglas, we would like to extend our sincere thanks to her. During her time in office, Douglas has become a more international, more agile and more omnichannel-focused company. This lays the foundation for Douglas to now take the next step towards becoming Europe's leading beauty and cosmetics omnichannel retailer. We would like to wish Isabelle the best for her professional and personal future." 25-Sep-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Douglas GmbH |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany | |
| ISIN: | XS1251078009, XS1251077373 |
| WKN: | A161MW, A161W3 |
| Listed: | Regulated Unofficial Market in Berlin, Hamburg, Hanover, Munich, Stuttgart; Open Market in Frankfurt; Dublin |
| End of Announcement | DGAP News Service |
Düsseldorf, 22 August 2017. Douglas, the leading European specialist retailer in the selective beauty care market, will be releasing its results for the third quarter of fiscal year 2016/17 to the market at 8:00 CET on 24 August 2017.
The results release and accompanying presentation will be available through the Investor Relations website (http://ir.douglas.de/).
Please use this link to participate in the Webcast, that will be held to discuss the results at 11:00 CET the same day (also available on our website).
About Douglas
With approximately 1,900 stores in 19 European countries and about 20,000 highly qualified employees, Douglas is the leading company in the beauty care sector in Europe. Its multi-channel offering that is fully integrated across stores, online and mobile, as well as its continually updated selection of more than 35,000 products, make Douglas the frontrunner in the growing selective beauty market. In the financial year 2015/16, Douglas generated annual sales of approx. €2.7 billion.
More information is available at www.corporate.douglas.de.
Düsseldorf/Madrid, 27 July 2017. Douglas, a leading retailer in the European beauty sector, takes another major step to strengthen its operations in Spain. The company today signed an agreement to take over a portfolio of up to 103 stores and the e-commerce platform of Perfumerias If from Spanish retail group Eroski. With a strong footprint in the attractive Northern area, Perfumerias If is one of the leading perfumery and cosmetics chains in the country. Earlier in July, Douglas successfully completed the acquisition of Grupo Bodybell with 223 stores in Spain.
“This acquisition means yet another boost for our market position in this highly attractive region. By integrating the Perfumerias If stores, Douglas will clearly become the new No. 1 for beauty and cosmetics in Spain”, said Isabelle Parize, CEO of Douglas. “The store network of Perfumerias If in the economically strong Basque region is an ideal addition to our combined Douglas and Bodybell businesses with virtually no overlap to our existing portfolio. We are all looking forward to welcoming our new colleagues to Douglas.”
Today’s announcement already is the third major acquisition by Douglas within only a few months. Besides the acquisition of Bodybell in Spain, Douglas most recently announced to take over the two leading perfumery chains Limoni and La Gardenia in Italy. By this, Douglas consistently and successfully pursues its strategy to strengthen its international business to become the No. 1 or a strong No. 2 in every market it serves. After completion of the three transactions, Douglas will operate more than 2,400 perfumeries in 19 European countries, combined with a network of fast growing online shops.
Closing of the transaction is subject to customary conditions including merger control approval. The transaction is being financed via the additional €300 million term loan extension secured in June and the existing liquid funds. Beyond this, Douglas and Eroski have agreed not to disclose financial details of the transaction.
About Douglas
Douglas is a leading company in the beauty care sector in Europe. Its multi-channel offering that is fully integrated across stores, online and mobile, as well as its continually updated selection of more than 35,000 products, make Douglas the frontrunner in the growing selective beauty market. In the financial year 2015/16, Douglas generated annual sales of approx. €2.7 billion.
Douglas opened its first perfumery in Spain in November 1995. The local subsidiary currently counts 280 stores with more than 2,000 employees.
DOUGLAS – YOUR PARTNER IN BEAUTY
Douglas GmbH / Key word(s): Acquisition Düsseldorf/Madrid, 27 July 2017. Douglas, a leading retailer in the European beauty sector, takes another major step to strengthen its operations in Spain. The company today signed an agreement to take over a portfolio of up to 103 stores and the e-commerce platform of Perfumerias If from Spanish retail group Eroski. With a strong footprint in the attractive Northern area, Perfumerias If is one of the leading perfumery and cosmetics chains in the country. Earlier in July, Douglas successfully completed the acquisition of Grupo Bodybell with 223 stores in Spain. "This acquisition means yet another boost for our market position in this highly attractive region. By integrating the Perfumerias If stores, Douglas will clearly become the new No. 1 for beauty and cosmetics in Spain", said Isabelle Parize, CEO of Douglas. "The store network of Perfumerias If in the economically strong Basque region is an ideal addition to our combined Douglas and Bodybell businesses with virtually no overlap to our existing portfolio. We are all looking forward to welcoming our new colleagues to Douglas." Today's announcement already is the third major acquisition by Douglas within only a few months. Besides the acquisition of Bodybell in Spain, Douglas most recently announced to take over the two leading perfumery chains Limoni and La Gardenia in Italy. By this, Douglas consistently and successfully pursues its strategy to strengthen its international business to become the No. 1 or a strong No. 2 in every market it serves. After completion of the three transactions, Douglas will operate more than 2,400 perfumeries in 19 European countries, combined with a network of fast growing online shops. Closing of the transaction is subject to customary conditions including merger control approval. The transaction is being financed via the additional EUR300 million term loan extension secured in June and the existing liquid funds. Beyond this, Douglas and Eroski have agreed not to disclose financial details of the transaction. 27-Jul-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Douglas GmbH |
| Luise-Rainer-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany | |
| ISIN: | XS1251078009, XS1251077373 |
| WKN: | A161MW, A161W3 |
| Listed: | Regulated Unofficial Market in Berlin, Hamburg, Hanover, Munich, Stuttgart; Open Market in Frankfurt; Dublin |
| End of Announcement | DGAP News Service |
Dusseldorf/Madrid, July 6 2017. Douglas, a leading retailer in the European beauty sector, has become also a leading player in Spain. The acquisition of Grupo Bodybell, which was signed in March, has been completed after all closing conditions had been fulfilled. As agreed with the seller, Douglas took over the entire Bodybell business, comprising 223 perfumeries, two online shops, Bodybell’s logistics platform, its wholesale business and a cash-and-carry unit. Together with its existing stores in the country, Douglas now operates a network of 280 stores in Spain.
“We are very pleased to finally welcome our new colleagues to Douglas. By integrating Bodybell into our local business, we are creating the basis for bringing our joint vision for the Spanish market to life. With attractive assortments and an outstanding customer service across all channels, our offline and online stores will soon become a ‘first stop shop’ for perfumery and cosmetics in Spain – as they already are in many other markets”, said Isabelle Parize, CEO of Douglas.
As announced before, Douglas will focus on improving customer experience for the combined business by transferring proven concepts from other European markets to Spain, such as its successful private label product range “Douglas Collection”. To fully leverage its strong international retail brand, Douglas will also rebrand the acquired stores to Douglas and invest into renovations. Moreover, by integrating the online shops with the brick and mortar business, Douglas will work to offer state-of-the-art omnichannel shopping to the Spanish customers.
About Douglas
With approximately 1,900 stores in 19 European countries and about 20,000 highly qualified employees, Douglas is a leading company in the beauty care sector in Europe. Its multi-channel offering that is fully integrated across stores, online and mobile, as well as its continually updated selection of more than 35,000 products, make Douglas the frontrunner in the growing selective beauty market. In the financial year 2015/16, Douglas generated annual sales of approx. €2.7 billion.
Douglas opened its first perfumery in Spain in November 1995. Post-transaction, the local subsidiary now counts 280 stores with more than 2,000 employees.
DOUGLAS – YOUR PARTNER IN BEAUTY
Düsseldorf, 20 June 2017. Douglas, the leading retailer in the European selective beauty market, has hired Andreas Bork (50) as new CEO for Germany and Switzerland. He will take on responsibility for these two markets as of 1 September 2017.
Andreas Bork has been responsible for developing and driving complex business and retail strategies throughout his career. Since 2010, he has held different top positions at Burger King, where he played a major role in increasing performance in the DACH region and other European countries with a specific dedication to enriching customer experience. Earlier career steps include working for the French perfumery chain Sephora, where he was in charge of developing the brand’s international business in Europe, and for Hermès, where he laid the basis for the transformation and long-term growth of the company’s German business. Furthermore, he held leading positions at Star Trac Fitness, Procter & Gamble and McKinsey.
“With Andreas Bork, Douglas has won a top executive team member with longstanding experience in managing strong brands and an impressive track record”, said Isabelle Parize, CEO of Douglas. “Besides excellent leadership skills, he possesses strong sector knowledge and is well-versed in the luxury goods retail business. Overall he is an ideal fit for Douglas.”
Andreas Bork succeeds Willem Duthler who had agreed to supervise the German and Swiss business in the recent interim period. In order to ensure a smooth transition, Willem Duthler will remain in charge of the German and Swiss business until September, before he will again fully focus on advancing and expanding the Douglas business in the Netherlands.
About Douglas
With about 1,700 stores in 19 European countries, Douglas is the selective beauty care market leader in Europe. Its multi-channel offering – which is well integrated across the stores, online shop and mobile application – as well as its continually updated offering of more than 35,000 products make Douglas the frontrunner in the growing selective beauty market. Supported by its about 18,000 highly qualified and committed employees, Douglas generated annual sales of about EUR 2.7 billion in financial year 2015/2016.
Dusseldorf, June 13 2017. Following Douglas’ announcement on 17 May 2017 of its signed agreements to acquire Limoni and La Gardenia (trading together as Leading Luxury Group (“LLG”) and the agreement to acquire the Bodybell Group in Spain signed in March 2017, the Company has received a very positive response from lenders to its request to raise additional commitments as an incremental facility.
Douglas has agreed with lenders to raise an additional €300m of Facility B priced at E + 325 bps (0% floor) for general corporate purposes (including to fund and/or refinance the purchase price of the LLG acquisition in Italy and the Bodybell acquisition in Spain). Douglas intends to draw the additional Facility B in connection with the closing of the LLG acquisition, inter alia subject to the approval of the anti-trust authorities which is expected to occur during fiscal year 2016/17.
Following strong investor demand for the additional commitments, Douglas and its lenders have also agreed to refinance its current Facility B with a New Facility B priced at E + 350 bps (0% floor), representing a 25 bps reduction in margin.
The Effective Date for the repricing is expected to be Friday 18 August.
Deutsche Bank acted as Sole Physical Bookrunner and Global Coordinator, along with Goldman Sachs, JP Morgan and UniCredit as Joint Bookrunners.
About Douglas
With approximately 1,700 stores (prior to closing of the LLG and Bodybell transactions) in 19 European countries, Douglas is a leading company in the beauty care sector in Europe. Its multi-channel offering that is fully integrated across stores, online and mobile, as well as its continually updated selection of more than 35,000 products, make Douglas the frontrunner in the growing sector it operates in. Supported by about 18,000 highly qualified employees, Douglas generated annual sales of approx. €2.7 billion in the financial year 2015/2016.
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The information contained in this announcement may contain forward-looking statements, estimates and projections. These statements involve elements of subjective judgment and analysis and are based upon the best judgment of Douglas as of the date of this announcement. These statements are subject to change without notice and are based on a number of assumptions and entail known and unknown risks and uncertainties, as there are a variety of factors that may cause actual results and developments to differ materially from any future results and developments expressed or implied by such forward-looking statements. Therefore, you should not rely on these forward-looking statements. Neither Douglas nor any other person gives any undertaking, or is under any obligation, to update these forward-looking statements for events or circumstances that occur subsequent to the date of this announcement or to update or keep current any of the information contained herein and this announcement is not a representation by Douglas or any other person that they will do so, except to the extent required by law.
This announcement constitutes a public disclosure of inside information by Kirk Beauty One GmbH and Douglas GmbH under Regulation (EU) 596/2014 (16 April 2014).
This press release shall not constitute an offer to sell or a solicitation of an offer to purchase securities.
Dusseldorf, May 23, 2017. Douglas, the leading European specialist retailer in the stable selective beauty care market, will be releasing its results for the second quarter of fiscal year 2016/17 to the market at 8:00 CET on 24 May 2017.
The results release and accompanying presentation will be available through the Investor Relations website (http://ir.douglas.de).
Please use this link to participate in the Webcast that will be held to discuss the results at 11:00 CET the same day (also available on our website).
Following its acquisition by CVC in August 2015 and capital structure optimizations in July 2016 and January 2017, Douglas has continued to demonstrate strong financial performance of sales and profitability growth.
On 17 May 2017, Douglas announced a significant step to expand further its strong positions internationally with the signing of an agreement to acquire two leading Italian beauty and perfumery chains, Limoni and La Gardenia, together trading as Leading Luxury Group (“LLG”). This acquisition follows the 16 March 2017 announcement of the signing of an acquisition agreement to acquire Grupo Bodybell in Spain.
The acquired businesses currently operate more than 700 stores and are a major step on Douglas’ journey to becoming the No. 1 or strong No. 2 position in every market it serves. The completion of the transactions remains subject to customary regulatory conditions. The acquisitions are expected to close in the fiscal year 2016/17.
Douglas intends to raise a €300m incremental term loan facility to fund the and/or refinance the purchase price of the acquisitions as well as to pay related fees and expenses. The new facility will have the same maturity date as the existing €1.370m TLB.
The deadline for commitments is 1:00 pm CET, Friday 2 June 2017.
Deutsche Bank has been mandated as Physical Bookrunner and Global Coordinator.
About Douglas
With approximately 1,700 stores (prior to closing of the LLG and Bodybell transactions) in 19 European countries, Douglas is a leading company in the beauty care sector in Europe. Its multi-channel offering that is fully integrated across stores, online and mobile, as well as its continually updated selection of more than 35,000 products, make Douglas the frontrunner in the growing sector it operates in. Supported by about 18,000 highly qualified employees, Douglas generated annual sales of approx. €2.7 billion in the financial year 2015/2016.
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The information contained in this announcement may contain forward-looking statements, estimates and projections. These statements involve elements of subjective judgment and analysis and are based upon the best judgment of Douglas as of the date of this announcement. These statements are subject to change without notice and are based on a number of assumptions and entail known and unknown risks and uncertainties, as there are a variety of factors that may cause actual results and developments to differ materially from any future results and developments expressed or implied by such forward-looking statements. Therefore, you should not rely on these forward-looking statements. Neither Douglas nor any other person gives any undertaking, or is under any obligation, to update these forward-looking statements for events or circumstances that occur subsequent to the date of this announcement or to update or keep current any of the information contained herein and this announcement is not a representation by Douglas or any other person that they will do so, except to the extent required by law.
This announcement constitutes a public disclosure of inside information by Kirk Beauty One GmbH and Douglas GmbH under Regulation (EU) 596/2014 (16 April 2014).
This press release shall not constitute an offer to sell or a solicitation of an offer to purchase securities.
Düsseldorf/Verona/Milan, 17 May 2017. Douglas GmbH (“Douglas”), a leading retailer in the European beauty sector, has taken a significant step to further expand its strong position internationally. Profumerie Douglas S.p.A., the Italian subsidiary of Douglas, has signed an agreement to acquire two leading Italian beauty and perfumery chains – Limoni S.p.A. (“Limoni”) and La Gardenia Beauty S.p.A. (“La Gardenia”), together trading as Leading Luxury Group S.r.l. (“LLG”) – from a group of investors led by private equity firm Orlando Italy Management SA (“Orlando Italy”).
Limoni and La Gardenia joined forces in 2013 and form one of the leading beauty and perfumery retailers in Italy. With approximately 500 stores across all regions, LLG runs the most extensive beauty and perfumery network in Italy, which perfectly complements Douglas’ existing 126 stores in the country.
“Following our recent acquisition of Bodybell in Spain, we are now strengthening our business in yet another core market in Europe. By integrating LLG into our pan-European store network, Douglas will now become a leading player in the Italian beauty sector. This transaction is a major step on our journey to becoming the No. 1 or strong No. 2 in every market we serve”, said Isabelle Parize, CEO of Douglas.
Post-transaction, Douglas will operate more than 2,000 perfumeries across Europe from Portugal to Latvia, combined with a network of online shops, in 19 European countries. From its international operations, Douglas has gained industry-leading expertise in providing exclusive shopping experiences to customers looking for beauty products and cosmetics. By transferring best practice from other European markets to Italy, Douglas strives to offer the highest quality service also to the Italian customers.
“Douglas and LLG are a perfect match thanks to their personnel’s dedication and commitment to satisfy customers’ needs. Amongst others Douglas will contribute its own products from its successful ‘Douglas Collection’ range as well as considerable online expertise. Together, we will be able to offer attractive assortments both offline and online, introduce innovative omni-channel solutions and thus accelerate the e-commerce business that LLG has just started”, explained Isabelle Parize.
Dr. Henning Kreke, Chairman of the Supervisory Board of Douglas, said: “The acquisition of LLG is an important step in our ambition to expand the reach of Douglas across Europe and particularly in the Italian market. We are delighted that we can combine two of the leading beauty specialists in Italy under the roof of Douglas. We have always strived to assert and expand our position as a pioneer in the industry – and we have done so to a remarkable extent over the past several months.”
Fabio Pampani, CEO of LLG, said: “With Douglas, we have found the ideal partner for LLG. Becoming part of this industry-leading player in Europe will provide us with the financial and operational resources needed to further develop our business and meet today’s customer needs.”
Closing of the transaction is subject to customary conditions including merger control approval, and the company is considering an incremental term loan financing to fund a portion of the transaction. Beyond this, the companies have agreed not to disclose financial details.
About Douglas
With approximately 1,700 stores (prior to closing of the transaction) in 19 European countries, Douglas is a leading company in the beauty care sector in Europe. Its multi-channel offering that is fully integrated across stores, online and mobile, as well as its continually updated selection of more than 35,000 products, make Douglas the frontrunner in the growing sector it operates in. Supported by about 18,000 highly qualified employees, Douglas generated annual sales of approx. €2.7 billion in the financial year 2015/2016.
In Italy, Douglas currently operates 126 perfumeries and the online store www.douglas.it. Launched in 1989, the local subsidiary employs about 1,100 employees today.
Douglas GmbH / Key word(s): Acquisition Düsseldorf/Verona/Milan, 17 May 2017. Douglas GmbH ("Douglas"), a leading retailer in the European beauty sector, has taken a significant step to further expand its strong position internationally. Profumerie Douglas S.p.A., the Italian subsidiary of Douglas, has signed an agreement to acquire two leading Italian beauty and perfumery chains - Limoni S.p.A. ("Limoni") and La Gardenia Beauty S.p.A. ("La Gardenia"), together trading as Leading Luxury Group S.r.l. ("LLG") - from a group of investors led by private equity firm Orlando Italy Management SA ("Orlando Italy"). Limoni and La Gardenia joined forces in 2013 and form one of the leading beauty and perfumery retailers in Italy. With approximately 500 stores across all regions, LLG runs the most extensive beauty and perfumery network in Italy, which perfectly complements Douglas' existing 126 stores in the country. "Following our recent acquisition of Bodybell in Spain, we are now strengthening our business in yet another core market in Europe. By integrating LLG into our pan-European store network, Douglas will now become a leading player in the Italian beauty sector. This transaction is a major step on our journey to becoming the No. 1 or strong No. 2 in every market we serve", said Isabelle Parize, CEO of Douglas. Post-transaction, Douglas will operate more than 2,000 perfumeries across Europe from Portugal to Latvia, combined with a network of online shops, in 19 European countries. From its international operations, Douglas has gained industry-leading expertise in providing exclusive shopping experiences to customers looking for beauty products and cosmetics. By transferring best practice from other European markets to Italy, Douglas strives to offer the highest quality service also to the Italian customers. "Douglas and LLG are a perfect match thanks to their personnel's dedication and commitment to satisfy customers' needs. Amongst others Douglas will contribute its own products from its successful 'Douglas Collection' range as well as considerable online expertise. Together, we will be able to offer attractive assortments both offline and online, introduce innovative omni-channel solutions and thus accelerate the e-commerce business that LLG has just started", explained Isabelle Parize. Dr. Henning Kreke, Chairman of the Supervisory Board of Douglas, said: "The acquisition of LLG is an important step in our ambition to expand the reach of Douglas across Europe and particularly in the Italian market. We are delighted that we can combine two of the leading beauty specialists in Italy under the roof of Douglas. We have always strived to assert and expand our position as a pioneer in the industry - and we have done so to a remarkable extent over the past several months." Fabio Pampani, CEO of LLG, said: "With Douglas, we have found the ideal partner for LLG. Becoming part of this industry-leading player in Europe will provide us with the financial and operational resources needed to further develop our business and meet today's customer needs." Closing of the transaction is subject to customary conditions including merger control approval, and the company is considering an incremental term loan financing to fund a portion of the transaction. Beyond this, the companies have agreed not to disclose financial details. 17-May-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Douglas GmbH |
| Hans-Günther-Sohl-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany | |
| ISIN: | XS1251078009, XS1251077373 |
| WKN: | A161MW, A161W3 |
| Listed: | Regulated Unofficial Market in Berlin, Hamburg, Hanover, Munich, Stuttgart; Open Market in Frankfurt; Dublin |
| End of Announcement | DGAP News Service |
Douglas GmbH / Key word(s): Change of Personnel - Claudia Reinery leaves Douglas for personal reasons at the end of April - Willem Duthler assumes her responsibilities - CEO Isabelle Parize: "Together with Claudia, we have reached important milestones on our way to reinforce our industry-leading position." Düsseldorf, 24 April 2017. Douglas, the leading European retailer in the selective beauty market, today announced that Claudia Reinery, CEO for Germany and Switzerland, will resign from her office at the end of April 2017. After four years working for Douglas, Ms. Reinery has decided to leave the company for personal reasons and in best mutual agreement. Dr. Henning Kreke, Chairman of the Supervisory Board of Douglas, said: "We sincerely regret Claudia's decision to resign. We would like to thank her for her substantial contribution to the development of our company and her strong commitment to Douglas and its people." Isabelle Parize, CEO of Douglas added: "Together with Claudia, we have reached important milestones on our way to reinforce Douglas' industry-leading position such as the integration of teams in our new international headquarters in Düsseldorf, the organizational restructuring of our German business and the strengthening of our Douglas brand." Willem Duthler, who has been with Douglas for almost 20 years and currently serves as CEO for the Netherlands, the Czech Republic, Latvia and Lithuania, will additionally become CEO for Germany and Switzerland. In this context, he will hand over his other responsibilities, except for the Netherlands, to Agnieszka Mosurek-Zava, who already serves as CEO for Poland and Austria. 24-Apr-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Douglas GmbH |
| Hans-Günther-Sohl-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany | |
| ISIN: | XS1251078009, XS1251077373 |
| WKN: | A161MW, A161W3 |
| Listed: | Regulated Unofficial Market in Berlin, Hamburg, Hanover, Munich, Stuttgart; Open Market in Frankfurt; Dublin |
| End of Announcement | DGAP News Service |
Düsseldorf, April 24, 2017. Douglas, the leading European retailer in the selective beauty market, today announced that Claudia Reinery, CEO for Germany and Switzerland, will resign from her office at the end of April 2017. After four years working for Douglas, Ms. Reinery has decided to leave the company for personal reasons and in best mutual agreement.
Dr. Henning Kreke, Chairman of the Supervisory Board of Douglas, said: “We sincerely regret Claudia’s decision to resign. We would like to thank her for her substantial contribution to the development of our company and her strong commitment to Douglas and its people.”
Isabelle Parize, CEO of Douglas added: “Together with Claudia, we have reached important milestones on our way to reinforce Douglas’ industry-leading position such as the integration of teams in our new international headquarters in Düsseldorf, the organizational restructuring of our German business and the strengthening of our Douglas brand.”
Willem Duthler, who has been with Douglas for almost 20 years and currently serves as CEO for the Netherlands, the Czech Republic, Latvia and Lithuania, will additionally become CEO for Germany and Switzerland. In this context, he will hand over his other responsibilities, except for the Netherlands, to Agnieszka Mosurek-Zava, who already serves as CEO for Poland and Austria.
About Douglas
With about 1,700 stores in 19 European countries, Douglas is the selective beauty care market leader in Europe. Its multi-channel offering – which is well integrated across the stores, online shop and mobile application – as well as its continually updated offering of more than 35,000 products make Douglas the frontrunner in the growing selective beauty market. Supported by its about 18,000 highly qualified and committed employees, Douglas generated annual sales of about EUR 2.7 billion in financial year 2015/2016.
Douglas GmbH / Key word(s): Acquisition Düsseldorf/Madrid, March 16, 2017. Douglas, the leading European retailer in the selective beauty market, significantly expands its operations in Spain. The company has signed an agreement with a group of financial investors led by H.I.G. Bayside Capital, the credit affiliate of H.I.G. Capital ("H.I.G."), about the acquisition of Grupo Bodybell. With more than 200 stores, two online shops and an established logistics platform, Madrid-based Grupo Bodybell is one of the leading Spanish perfumery chains. The agreement is subject to a number of conditions, including merger control approval. The companies have agreed not to disclose financial details of the transaction. As a result of the planned transaction, the combined group would instantly become a leading player in the Spanish selective beauty market. "Strengthening our market position in this country is a decisive step forward on our way to becoming No. 1 or a strong No. 2 in every market we serve", said Isabelle Parize, CEO of Douglas. "The transaction promises great potential: While Bodybell has 43 years of experience of combining selective and mass beauty products in the Spanish market, Douglas brings to the table extensive know-how from its international operations, including the successful introduction of private labels and innovative omnichannel solutions." Douglas will focus on improving customer experience by transferring proven concepts from other European markets to Spain. By integrating the online shops with its brick and mortar business, Douglas will moreover work to offer innovative omnichannel shopping to the Spanish customers. Javier Perez de Leza Eguiguren, Board Member of Grupo Bodybell, said: "The combined forces of Douglas and Bodybell will certainly provide the new group with additional resources to develop the business further and ensure an even better service to customers. Douglas and Bodybell share a joint vision for the Spanish market, and we are looking forward to growing together in Spain." Contact: Wolfgang Schulte, Head of M&A and Investor Relations, Tel: +49 (0) 211 16847-0, E-Mail: ir@douglas.de 16-March-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Douglas GmbH |
| Hans-Günther-Sohl-Str. 7-11 | |
| 40235 Düsseldorf | |
| Germany | |
| ISIN: | XS1251078009, XS1251077373 |
| WKN: | A161MW, A161W3 |
| Listed: | Regulated Unofficial Market in Berlin, Hamburg, Hanover, Munich, Stuttgart; Open Market in Frankfurt; Dublin |
| End of Announcement | DGAP News Service |
Düsseldorf/Madrid, March 16, 2017. Douglas, the leading European retailer in the selective beauty market, significantly expands its operations in Spain. The company has signed an agreement with a group of financial investors led by H.I.G. Bayside Capital, the credit affiliate of H.I.G. Capital (“H.I.G.”), about the acquisition of Grupo Bodybell. With more than 200 stores, two online shops and an established logistics platform, Madrid-based Grupo Bodybell is one of the leading Spanish perfumery chains. The agreement is subject to a number of conditions, including merger control approval. The companies have agreed not to disclose financial details of the transaction.
As a result of the planned transaction, the combined group would instantly become a leading player in the Spanish selective beauty market.
“Strengthening our market position in this country is a decisive step forward on our way to becoming No. 1 or a strong No. 2 in every market we serve”, said Isabelle Parize, CEO of Douglas. “The transaction promises great potential: While Bodybell has 43 years of experience of combining selective and mass beauty products in the Spanish market, Douglas brings to the table extensive know-how from its international operations, including the successful introduction of private labels and innovative omnichannel solutions.”
Douglas will focus on improving customer experience by transferring proven concepts from other European markets to Spain. By integrating the online shops with its brick and mortar business, Douglas will moreover work to offer innovative omnichannel shopping to the Spanish customers.
Javier Perez de Leza Eguiguren, Board Member of Grupo Bodybell, said: “The combined forces of Douglas and Bodybell will certainly provide the new group with additional resources to develop the business further and ensure an even better service to customers. Douglas and Bodybell share a joint vision for the Spanish market, and we are looking forward to growing together in Spain.”
About Douglas
With about 1,700 stores in 19 European countries, Douglas is the selective beauty care market leader in Europe. Its multi-channel offering – which is well integrated across the stores, online shop and mobile application – as well as its continually updated offering of more than 35,000 products make Douglas the frontrunner in the growing selective beauty market. Supported by its about 18,000 highly qualified and committed employees, Douglas generated annual sales of about EUR 2.7 billion in financial year 2015/2016.
Douglas opened its first perfumery in Spain in November 1995. The local subsidiary currently counts 57 stores with about 400 employees.
Dusseldorf, February 22, 2017. Douglas, the European market leader in selective beauty care, has released its results for the three months to 31 December 2016 to the market at 08:00 CET today.
The results release and accompanying presentation are available through the Investor Relations website (http://ir.douglas.de/).
Please use this link to participate in the Webcast that will be held to discuss the results at 14:00 CET today (also available on our website).
About Douglas
With about 1,700 stores in 18 European countries, Douglas is the selective beauty care market leader in Europe. Its multi-channel offering – which is well integrated across the stores, online shop and mobile application – as well as its continually updated offering of more than 30,000 products make Douglas the frontrunner in the resilient selective beauty market. Supported by its about 18,000 highly qualified and committed employees, Douglas generated annual sales of about EUR 2.7 billion in the financial year 2015/2016.
Dusseldorf, January 24, 2017. Following Douglas’ announcement on January 17, 2017 of a repricing request for its Facility B, the Company has received a very positive response from lenders, both in terms of consents to the request and demand for additional commitments.
Based on the strength of this response, Douglas is now proposing to refinance its current Facility B with a New Facility B priced at E + 375 bps (0% floor) at par.
Existing lenders will have the ability to roll their existing exposure on a cashless basis.
The deadline for commitments remains 5pm CET, Tuesday, January 24, 2017, and the Amendment Effective Date is Thursday, February 17, 2017.
Deutsche Bank has been mandated as Physical Bookrunner and Global Coordinator, along with Goldman Sachs, JP Morgan and UniCredit as Joint Bookrunners.
About Douglas
With about 1,700 stores in 18 European countries, Douglas is the selective beauty care market leader in Europe. Its multi-channel offering – which is well integrated across the stores, online shop and mobile application – as well as its continually updated offering of more than 30,000 products make Douglas the frontrunner in the resilient selective beauty market. Supported by its about 18,000 highly qualified and committed employees, Douglas generated annual sales of about EUR 2.7 billion in the financial year 2015/2016.
Dusseldorf, January 19, 2017. Douglas, the leading European specialist retailer in the resilient selective beauty care market, has released its full fiscal year 2015/16 financial results to the market at 08:00 CET today.
The results release and accompanying presentation are available through the Investor Relations website (http://ir.douglas.de/).
Please use this link to participate in the Webcast that will be held to discuss the results and the proposed repricing at 11:00 CET today (also available on our website).
Following CVC's acquisition of Douglas in August 2015 and capital structure optimization in July 2016, the Company has continued to demonstrate very strong financial performance, including in the quarter ended 31 December 2016, for which we have provided preliminary operating figures in the investor presentation released today. Douglas will be releasing its financial results for the three months ending 31 December 2016 on February 22, 2017.
Based on this strong operating and financial performance, Douglas is proposing to refinance its current Facility B with a New Facility B priced at E + 375-400 bps (0% floor). Existing lenders will have the ability to roll their existing exposure on a cashless basis.
The deadline for commitments is 17:00 CET, Tuesday, January 24, 2017, and the Amendment Effective Date is Thursday, February 17, 2017.
Deutsche Bank has been mandated as Physical Bookrunner and Global Coordinator, along with Goldman Sachs, JP Morgan and UniCredit as Joint Bookrunners.
About Douglas
With about 1,700 stores in 18 European countries, Douglas is the selective beauty care market leader in Europe. Its multi-channel offering – which is well integrated across the stores, online shop and mobile application – as well as its continually updated offering of more than 30,000 products make Douglas the frontrunner in the resilient selective beauty market. Supported by its about 18,000 highly qualified and committed employees, Douglas generated annual sales of about EUR 2.7 billion in the financial year 2015/2016.
More information is available at www.corporate.douglas.de.
Dusseldorf, January 17, 2017. Douglas, the leading European specialist retailer in the resilient selective beauty care market, will be releasing its full fiscal year 2015/16 financial results to the market at 08:00 CET on January 19, 2017.
The results release and accompanying presentation will be available through the Investor Relations website (http://ir.douglas.de/).
Please use this link to participate in the Webcast that will be held to discuss the results at 11:00 CET the same day (also available on our website).
Following CVC's acquisition of Douglas in August 2015 and capital structure optimization in July 2016, the Company has continued to demonstrate very strong financial performance, including in the quarter ended 31 December 2016, for which we will provide preliminary operating figures in the investor presentation released on January 19, 2016. Douglas will be releasing its financial results for the three months ending 31 December 2016 on February 22, 2017.
Based on this strong operating and financial performance, Douglas is proposing to refinance its current Facility B with a New Facility B priced at E + 375-400 bps (0% floor). Existing lenders will have the ability to roll their existing exposure on a cashless basis.
The deadline for commitments is 17:00 CET, Tuesday, January 24, 2017, and the Amendment Effective Date is Thursday, February 17, 2017.
Deutsche Bank has been mandated as Physical Bookrunner and Global Coordinator, along with Goldman Sachs, JP Morgan and UniCredit as Joint Bookrunners.
About Douglas
With about 1,700 stores in 18 European countries, Douglas is the selective beauty care market leader in Europe. Its multi-channel offering – which is well integrated across the stores, online shop and mobile application – as well as its continually updated offering of more than 30,000 products make Douglas the frontrunner in the growing selective beauty market. Supported by its about 18,000 highly qualified and committed employees, Douglas generated annual sales of about EUR 2.7 billion in the financial year 2015/2016.
Dusseldorf, November 29, 2016. Douglas, the leading European retailer in the selective beauty market, is well on track to accelerate growth and to become the industry’s omnichannel champion. In the fiscal year ended 30 September 2016, Douglas increased its like-for-like revenues by 5.2 percent to EUR 2.7 billion, according to preliminary figures. E-commerce grew double-digit, now accounting for 12 percent of total sales (LY: 10 percent). Also the company’s private label offer, trading as “Douglas Collection”, and exclusive brands have been a major driver of growth. Their share of revenue increased to 17 percent (LY: 15 percent), demonstrating positive effects of the strategic measures taken. The international share remained stable with 55 percent of revenue generated outside Germany. For the current fiscal year, Douglas expects revenue to increase again in the mid-single digit percentage range.
About Douglas
With about 1,700 stores in 19 European countries, Douglas is the selective beauty care market leader in Europe. Its multi-channel offering – which is well integrated across the stores, online shop and mobile application – as well as its continually updated offering of more than 30,000 products make Douglas the frontrunner in the growing selective beauty market. Supported by its about 18,000 highly qualified and committed employees, Douglas generated annual sales of about EUR 2.7 billion in the financial year 2015/2016.
DOUGLAS – YOUR PARTNER IN BEAUTY
[1] Like-for-like, according to preliminary figures
Douglas GmbH / Home Member State11.01.2016 13:55Dissemination of a Post-admission Duties announcement, transmitted byDGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.---------------------------------------------------------------------------Douglas GmbH announces according to Art. 2c WpHG that Germany is the HomeMember State.11.01.2016 The DGAP Distribution Services include Regulatory Announcements,Financial/Corporate News and Press Releases.Media archive at www.dgap-medientreff.de and www.dgap.de--------------------------------------------------------------------------- Language: EnglishCompany: Douglas GmbH Kabeler Strasse 4 58099 Hagen GermanyInternet: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
