THE WHAT? Douglas, a premium beauty retailer in Europe, ended its 2022/23 financial year with adjusted net sales of 4.1 billion euros, a 12.1% increase from the previous year. The company’s adjusted EBITDA was 725.9 million euros, up 22.3% year-on-year.

THE DETAILS  Both in-store and online sales contributed to this growth. Douglas reported its first net profit since the COVID pandemic, with a significant improvement compared to the previous year’s loss.

THE WHY?  The company plans to continue its growth under the ‘Let it Bloom – DOUGLAS 2026’ strategy, aiming for a sales target of 5 billion euros by 2026. This strategy includes store network expansion, particularly in Central Eastern Europe, and enhancing the e-commerce business. Douglas has started the new financial year on a positive note.