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Douglas (DOU) investor relations material
Douglas Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Group sales grew 3.2% year-over-year in Q3, with omnichannel sales up in both stores and e-commerce, reversing prior quarter's negative growth.
Net income improved by nearly €90 million, swinging from a loss to a €17 million profit in Q3; year-to-date net income surged to €161.3 million.
Omnichannel model, cost control, and improved financial results contributed to profitability and net leverage reduction.
Full-year guidance reconfirmed: sales slightly above €4.5 billion, adjusted EBITDA margin around 17%, and net income near €175 million.
Free cash flow increased, supporting financial flexibility and net leverage improvement.
Financial highlights
Reported EBITDA grew 1.4% year-over-year to €155 million in Q3; adjusted EBITDA declined 2.9% to €158 million.
Gross profit margin declined by 1.4 percentage points to 45.3% due to promotional pressure.
Free cash flow for Q3 rose to €104.8 million; for the first nine months, it reached €413 million.
Net financial debt reduced to €924 million, with net leverage ratio at 2.7x.
CapEx increased, focused on store refurbishments, new openings, and IT investments.
Outlook and guidance
Full-year sales expected slightly above €4.5 billion, with adjusted EBITDA margin around 17% and net income near €175 million.
Average net working capital targeted below 5% of sales.
Midterm forecast update to be provided during full-year reporting in December.
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