Q2 2026 Douglas AG Earnings Call Transcript
Key Points
- Douglas AG (WBO:DOU2) reported a 1.1% increase in group revenues to EUR 950 million, driven primarily by e-commerce growth of 2.4%.
- The company has successfully expanded its cross-channel services, with click and collect services growing by 29.8% year-on-year.
- Douglas AG's exclusive and corporate brands now account for 15% of sales, contributing positively to gross profit margins.
- The company has launched an AI-enabled beauty advisor to enhance customer experience and engagement online.
- Douglas AG has maintained a strong cost discipline, achieving a stable cost-to-revenue ratio despite challenging market conditions.
- The company experienced a decline in like-for-like sales by 1.3%, reflecting a challenging consumer environment.
- Adjusted EBITDA decreased by 5.1% year-on-year, with the margin declining from 13% to 12.2%, due to increased consumer price sensitivity and promotional pressure.
- Douglas AG recorded significant non-cash goodwill impairments totaling EUR 99 million, primarily related to its French business.
- The net leverage ratio increased slightly to 2.9 times, driven by IFRS 16 lease liabilities.
- The company anticipates ending the financial year at the lower end of its sales guidance range, reflecting ongoing market challenges.
Ladies and gentlemen, welcome to the Douglas Group Q2 2025-2026 Earnings Results Conference Call.
I am Mathilde, the course call operator.
I would like to remind you that all participants will be in listen-only mode and the conference is being recorded. The presentation will be followed by Q&A session.
You can register for questions at any time by pressing star and one on your telephone.
For operator assistance, please press star and zero.
The conference must not be recorded for publication or broadcast.
At this time, it's my pleasure to hand over to Sander van der Laan, CEO. Please go ahead.
Yes, operator, thank you very much and good morning to all of you.
On behalf of myself, Sander, the Group CEO and Marco, our Group CFO, but also Dafne, our Head of Investor Relations is present here in this room.
And we are here today to give you an update on our financial performance for the second
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