German premium beauty retailer Douglas reported a smaller than expected drop in its quarterly core profit on Thursday, boosted by better than expected sales.
Douglas is headquartered in Germany’s Düsseldorf
Adjusted earnings before interest, taxation, depreciations and amortisation (EBITDA) fell 2.9% to 158.2 million euros ($185.1 million) in its fiscal third quarter, above the average estimate of 143.8 million euros from analysts polled by Vara Research.
Douglas counts over 1,800 stores across Europe, according to Rithum. The omni-channel retailer’s products span perfumes and cosmetics.
