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Home > Finance > Douglas expects its sales to grow in 2025

Finance

Douglas expects its sales to grow in 2025

Published by Global Banking and Finance Review

Posted on December 19, 2024

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(Reuters) - German perfume and cosmetics retailer Douglas on Thursday said it expected its sales to grow in the fiscal 2025 compared to the past year, boosted by strong growth both in stores and online.

The group, which makes half of its sales in Germany, Austria, Switzerland, Belgium and the Netherlands, forecast adjusted sales of between 4.7 billion and 4.8 billion euros ($4.9 billion and $5.0 billion) for the current financial year, up from the 4.45 billion reported for the year through September 2024.

Analysts polled by Vara were expecting adjusted sales of 4.44 billion euros for 2024 and 4.75 billion euros for 2025.

($1 = 0.9629 euros)

(Reporting by Amir Orusov in Gdansk; editing by Milla Nissi)

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