Beter Bed achieves strong performance in first quarter of 2010: 4.6% increase in revenue, 51.3% rise in net profit
(Thomson Reuters ONE) -
Beter Bed Holding N.V. realised revenue totalling ? 96.5 million in the first
quarter
of 2010. This represents an increase of 4.6% compared to the first quarter of
2009 (? 92.2 million). Net profit amounted to ? 8.2 million in the first quarter
of 2010, compared to ? 5.4 million in the first quarter of 2009. Net profit
consequently rose by 51.3% in comparison to the same period of last year. The
previously announced forecast was that net profit would increase by at least
35%. The rise in net profit is attributable to higher revenue, increased gross
profit and a lower tax burden.
Ton Anbeek, Chief Executive Officer: 'The company achieved record first-quarter
revenue with more than a 50% rise in net profit despite the fact that the market
performance was negative in the key countries of the Netherlands and Germany.
This was once again possible thanks to strong promotional efforts and an
improved range. While there is still not a strong recovery of consumer
confidence and consumers remain reluctant to spend, we continue to invest in
expanding the number of stores because our expansion policy is also bearing
fruit during the current economic period.'
Profile
Beter Bed operates in the European bedroom furnishings market. Its activities
include retail trade through a total of 1,072 stores at the end of March 2010
that operate via the chains Beter Bed (active in the Netherlands), Matratzen
Concord (active in Germany, the Netherlands, Austria, Switzerland, Belgium and
Poland), El Gigante del Colchón (active in Spain), BeddenREUS, Dormaël and
Slaapgenoten (all three active in the Netherlands) and MAV (active in Germany).
Beter Bed Holding is also active in the field of developing and wholesaling
branded products in the bedroom furnishings sector in the Netherlands, Belgium,
Germany and Spain via its subsidiary DBC International. Beter Bed Holding
achieved net revenue of ? 361.5 million in 2009. The company has been listed on
Euronext Amsterdam since December 1996. The Beter Bed Holding share is included
in the Amsterdam Small Cap Index.
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For more information, please contact: Ton Anbeek, Chief Executive Officer
Tel. +31 (0)413 338819 / Fax +31 (0)413 338829 / Mob. +31 (0)6 53662838
E-mail:ton.anbeek(at)beterbed.nl
www.beterbedholding.com
Please click on the link below for the full version of the press release.
[HUG#1408931]
press release 28-4-2010.pdf: http://hugin.info/132850/R/1408931/361517.pdf
Unternehmensinformation / Kurzprofil:
Datum: 28.04.2010 - 08:03 Uhr
Sprache: Deutsch
News-ID 19829
Anzahl Zeichen: 0
contact information:
Town:
Uden
Kategorie:
Business News
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