DOUGLAS Group Reports Strong FY 2023/24 Results and Strategic Advances

In the financial year 2023/2024, DOUGLAS Group exceeded expectations with an 8.7% increase in sales, reaching €4.45 billion. Adjusted EBITDA rose 11.4% to €808.6 million, indicating a margin improvement to 18.2%. A significant leap in net income was observed, climbing to €84.0 million, up from €16.7 million the previous year. This financial success follows the company’s IPO, boosting its growth strategy, “Let it Bloom”.

Quarterly results highlight a robust performance in Q4 with sales improving by 8.7% to €959.9 million, driven by growth in both physical stores (8.3%) and e-commerce (9.5%). DOUGLAS plans further expansion in 2024/2025, expecting sales between €4.7 and €4.8 billion with adjusted EBITDA anticipated to rise between €855 and €885 million. The company aims to strengthen its market standing and achieve a leverage ratio of approximately 2.0x by 2025’s end.