Annual targets reached in fiscal year 2007/08:
Group sales higher by 4.6 percent over prior year (target: 4 to 6 percent)
- Sales excluding Pohland and René Kern stores up by 8.0 percent
- Solid growth in key foreign markets
- Like-for-like sales in Germany slightly above prior year
Earnings before taxes (EBT) slightly rise to 147.1 million EUR (target: about 150 million EUR)
- Earnings in Perfumeries below last year’s high figure
- Higher earnings contribution from Thalia and Christ
- Restructuring-caused losses at AppelrathCüpper
Dividend proposed at 1.10 EUR per share
- Earnings per share increase to 2.43 EUR
- Dividend distribution ratio at 45 percent
olid financing and capital structure
- Positive Free Cash Flow at 40.1 million EUR
- Net bank debt slightly up to 220.7 million EUR
- Financing assured via revolving credit facility
DOUGLAS Value Added (DVA) growth to 32.8 million EUR
- Less value contribution from Douglas and AppelrathCüpper
- Value increase from improved capital structure
Expansion of stores network
- Increase to 1,966 stores
- Approximately 24,500 employees
| Fig. 9 | Targets and results | ||
| Targets 2007/08 | Results 2007/08 | Targets 2008/09 |
| Group sales increase of between 4 and 6 percent | Sales increase by 4.6 percent to 3.1 billion EUR | Group sales increase of between 3 and 6 percent |
| EBT growth to about 150 million EUR | EBT growth to 147.1 million EUR | EBT between 100 and 150 million EUR |
| Capital expenditure volume of about 155 million EUR | Capital expenditure totals 155.5 million EUR | Capital expenditure volume of about 140 million EUR |
| Sustainable increase in business value measured by DVA | DOUGLAS Value Added (DVA) rises to 32.8 million EUR | Sustainable increase in business value measured by DVA |
| Dividend distribution of about half of Group net profit | Dividend proposal of 1.10 EUR per share corresponds to a distribution ratio of 45 percent | Continued dividend policy – about half of Group net profit intended to be distributed |