The Douglas AG share $DOU (-1,98%) recorded a significant price drop of over 15 % yesterday, reaching its lowest level since the end of August at € 16.95. Since the IPO in March 2024, when the issue price was €26, the share has thus lost almost 30% of its value.
This slump is mainly due to the publication of the latest quarterly figures and a more cautious profit forecast. Although sales rose by 5.8% to € 1.65 billion in the first quarter of the 2024/25 financial year, adjusted operating earnings fell short of expectations with an increase of just 1.5% to € 353 million.
The ongoing reluctance of customers in the core markets of Germany and France to spend is having a particularly negative impact on business. While sales momentum was still strong in October and November, business weakened significantly in December. This trend continued in the first few weeks of the new calendar year. As a result, the management now expects the adjusted operating result to be at the lower end of the originally forecast range of € 855 million to € 885 million. However, the sales forecast of € 4.7 to 4.8 billion has been confirmed.
In addition, the CEO has raised expectations in advance, which may have increased investors' disappointment with the current figures and outlook.
Overall, investors reacted with disappointment to the modest profit forecasts and the unexpectedly weak operating performance, which led to the significant fall in the share price.
Sources:
1.Finanzen.net:
2.Finanznachrichten.de:
3.Finanzen.at:
4.Stock3.com:
https://stock3.com/news/douglas-aktie-crasht-nach-zahlen-16129534
