Beter Bed Holding: revenue increased by 3.3% in third quarter
03 Novembre 2017 - 8:00AM
YASTEST
In the third quarter Beter Bed Holding N.V.
realised a revenue of € 105.4 million, which is an increase of €
3.4 million (3.3%) compared to last year (Q3 2016: € 102.0
million).
In the Netherlands revenue increased by 10.5% in
the third quarter. Order intake increased by 15.1%. Both Beter Bed
and Beddenreus have strengthened their position in the market.
Revenue in Germany decreased by 2.8% in the third
quarter. The like-for-like revenue amounted to -3.6%. This
development seems to be in line with the market trend.
Sweden realised a growth in revenue of 32.1% in
the third quarter, whereas Belgium realised a growth of 34.4%.
Austria, Switzerland and Spain realised a growth in revenue of
2.0%, 1.0% and 2.5% respectively.
The order portfolio for the group amounted to €
26.7 million at the end of the third quarter, which is 6.1% higher
compared to last year. At the moment the German mattress market is
experiencing the negative consequences of the foam issues at
suppliers. This is reflected in declining number of visitors at
Matratzen Concord in the past weeks. Specific marketing actions are
taken in order to change this.
Interim dividend
The company will apply an interim dividend of € 0.34 per share
(2016: € 0.34 per share). The dividend is expected to be made
payable on 22 November 2017 and the share will be listed
ex-dividend on 7 November 2017. The record date has been set at 8
November 2017.
Profile
Beter Bed Holding is a European retail organisation that strives to
offer its customers a comfortable and healthy night's rest every
night at an affordable price. The retail formats ensure products of
good quality, offer customers the best advice and always the best
possible deal. Beter Bed Holding is also active as a wholesaler of
branded products in the bedroom furnishing sector via its
subsidiary DBC International (M line).
The current total number of stores is 1,185. In
2016, the company achieved revenue of € 410.5 million and an
EBITDA of € 37.5 million.
For more information:
Bart Koops
Chief Financial Officer
+31 (0)413 338819
+31 (0)6 46761405
bart.koops@beterbed.nl
Please click on the link below for the PDF version
of the press release.
Press release 03-11-2017
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announcement is distributed by Nasdaq Corporate Solutions on behalf
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The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Beter Bed Holding NV via Globenewswire
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