Douglas GmbH: Fitch upgrades DOUGLAS‘ outlook to stable, affirms rating
EQS-News: Douglas GmbH
/ Key word(s): Rating
Fitch upgrades DOUGLAS‘ outlook to stable, affirms rating
Düsseldorf, 12.04.2023. Rating agency Fitch has upgraded the outlook for DOUGLAS GmbH to stable as it recognizes the strong recovery of the operating business post the pandemic as well as the improved EBITDA margin. DOUGLAS’ leading market position in the European beauty sector, which is less susceptible to cyclical swings, should result in an only moderate impact from a potential slowdown in consumer spending in 2023.
Fitch also acknowledges the strengths of DOUGLAS’ omni-channel business model with a strong online presence and beauty stores. With this set-up the leading beauty destination offers best-in-class customer experience and advice, both essential for sustainable growth. The new assessment does not yet comprise DOUGLAS’ recently announced strategy “Let it bloom” which the company expects to significantly improve its net sales, EBITDA and cash flow profile.
DOUGLAS is Europe’s leading omni-channel beauty destination. We inspire customers to live their own kind of beauty by offering an unparalleled assortment in online stores, via a partner program and in around 1,800 stores. Strengthening our successful omni-channel positioning while consistently developing the customer experience is at the heart of our strategy. In its fiscal year 2021/22, DOUGLAS generated sales of 3.65 billion euros in perfume, decorative cosmetic, skin and hair care nutritional supplements, health care and accessories.
Head of Investor Relations and M&A
Phone: +49 (0) 211 16847 8594
SVP Global Communications & Sustainability
Phone: +49 (0) 211 16847 664
12.04.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
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|EQS News ID:||1605805|
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