Report
Markus Schmitt

Douglas : Fading beauty: Too much debt in a changing world

After a solid recovery in FY 22, we see increasing risk pockets for Douglas: - A worsening consumer sentiment, which could affect Douglas given an estimated 40% share (on our calculation) in mass products (partly staples character, partly discretionary), impacting the Christmas season in FY 24 – Q1 23 (Oct-Dec 2022; we expect +6.5% revenue growth yoy in Q1 23 but more muted +1.7% in FY 23; FY 24: -1.0%), to be reported on 17 February 2023, will be solid in our view (supplier comps...
Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Markus Schmitt

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