Douglas : Quo vadis profitability?

The company achieved strong lfl growth of 3.6% on group level (brick and mortar: +1.5%; online: +17.3%) in Q1 19 through a mix of preloaded marketing spending and more aggressive pricing, particularly in Germany and achieved also lfl growth of 1.4% on group level in Q2 19, adjusted for the Easter timing effect (brick and mortar: –0,4%; online: +16.7%) – however, Q2 19 performance was mixed as French and South-Western Europe incurred negative lfl growth. - The downside is that the c...