E-commerce Drives Douglas Group in Full-Year 2016-17

PARIS – Flagging business in Germany and an outlay for acquisitions helped dampen Douglas Group’s net profit during the fiscal year 2016-17.
Adjusted net income for the parent of the Douglas perfumery chain came in at a loss of 162 million euros in the year ended Sept. 30, versus a loss of 102 million euros in fiscal 2015-16. On a like-for-like basis, however, adjusted net profit was in the black, to 75 million euros, against 24 million euros in the prior year.
In the most recent 12-month reporting period, the company’s net sales advanced 3.2 percent to 2.8 billion euros in reported terms and rose 1.5 percent on a comparable basis, despite a competitive environment, the company said on Thursday.
“All of our regional segments, with the exception of Germany, contributed to the increase in like-for-like sales and adjusted EBITDA,” said Michael Rauch, Douglas Group chief financial officer, during a call with financial analysts.
He was referring to the adjusted EBITDA of 354.3 million euros in fiscal 2016-17, which was up 5.1 percent versus the prior year.
Douglas’ domestic business continues to suffer after the terrorist attack on German soil last December. Rauch noted that following such an occurrence it generally takes about 12 to

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