Douglas, Europe’s largest beauty platform, saw a 16.8 percent increase in sales during the third quarter. Douglas said that it was the first time Douglas had seen an increase in quarterly sales on a similar basis since the beginning of the Covid-19 pandemic.
In e-commerce, Douglas generated sales of 268 million euros, an increase of around 20 percent. From April to June, the Group had a 42 percent share in online sales. The figure was 69 percent in Germany.
Commenting on the third quarter trading, Tina Muller, CEO of the Douglas Group, said: “We are continuing to devote our full attention to the ongoing expansion of our e-commerce business. We are also delighted with the recovery of our store business since June.
Online business boosts Q3 growth These stores are being upgraded to offer more advice, provide aesthetic and medical treatments, as well as spa-like experiences. Douglas will invest in two large-scale retail stores with unique concepts and offers in Dusseldorf.
The company added that sales from store business in Europe climbed by 14.8 percent to 374 million euros on a like-for-like basis, suggesting a positive trend if the entire store network is allowed to remain open in the coming months. The company’s overall sales decline in Germany was 3.5 percent due to an increase of 18.6 per cent in e-commerce sales to approximately 153 million euros.
In France, ecommerce business generated a gain of 85.7 percent to 39 million euros.. This was complemented by continued gains of market share in France and Germany.
EBITDA for the quarter totalled 24 million euros, around 10 percent below the previous year’s level.