German Douglas sales rise by 4.1% Y/Y in first five months of FY 2010/11.(Financial report)

(ADPnews) - Mar 23, 2011 - German perfumes retailer Douglas Holding AG (ETR:DOU) announced today its sales increased by 4.1% in annual terms to EUR 1.6 billion (USD 2.27bn) in the first five months of fiscal 2010/11, which began on October 1, 2010.

The company's sales in Germany grew by 5.8%. Like-for-like sales advanced 4.1%.

CEO Henning Kreke said today that Douglas is well positioned for achieving its full-year targets. The company projects annual increase in sales of between 2% …