XTRA:DOUSpecialty Retail
Douglas (XTRA:DOU) Margin Slide Deepens As Net Income Turns To Loss
Douglas stock went into this earnings print looking bruised, with a small gain over the past month but a weaker 90 day run and a P/E that sits above both peers and the wider European specialty retail group. The headline today is a margin reckoning. Q3 revenue held close to €988m, yet adjusted EBITDA contracted to €127.5m with the margin slipping to 12.9%. Net income turned slightly loss making. The market now has to decide whether this profit squeeze justifies the recent de rating or if...