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Reuters Published December 20, 2024 Reading time
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German perfume and cosmetics retailer Douglas forecast higher 2025 sales and earnings on Thursday, citing a good start to the financial year that included the crucial pre-Christmas period.
The first quarter is a peak season for Douglas, which sells beauty products from brands like Chanel and Dior, given a number of sales events including Black Friday and Christmas.
It forecast adjusted sales of 4.7 billion to 4.8 billion euros ($4.9 billion to $5.0 billion) for the year started on Oct. 1, compared with 4.45 billion in the prior year. Both figures were broadly in line with market expectations.
