Douglas, the renowned German perfumery chain, has released impressive figures for the third quarter of the fiscal year 2022-23. Demonstrating strong growth, the company’s revenue for the quarter soared to €910.4 million, marking a remarkable 10% increase in comparable sales. Moreover, Douglas achieved an EBITDA of €154.3 million, showing substantial growth from the €137.9 million recorded during the same period last year.

In the realm of online sales, Douglas experienced substantial success, as it accounted for 31.9% of the company’s third-quarter revenue, amounting to a staggering €290.5 million. This signifies a significant growth rate of 8.5%. Meanwhile, the company’s 1,800 physical stores witnessed an impressive 10.7% increase in sales, with a total revenue of €621 million.

When considering the first nine months of the fiscal year, Douglas reported a substantial revenue of €3.2 billion, highlighting an outstanding increase of 14.3%. These highly positive results have caught the attention of the company, leading them to explore the possibility of a potential stock market listing.

According to Bloomberg, the private equity firm CVC Capital Partners, the current owner of Douglas, is working alongside advisers from Rothschild & Co. to evaluate the feasibility of listing the perfumery chain on the Frankfurt Stock Exchange in 2024. This strategic move is anticipated to result in a valuation of €7 billion for the company.

The continuous growth and impressive financial performance of Douglas present a promising opportunity for investors and shareholders alike. As the company explores the potential of a stock market listing, stakeholders eagerly anticipate the future prospects and expansion of Douglas within the fragrance industry.

Useful links:
Douglas Official Website
Bloomberg: Douglas IPO Exploration