Beter Bed Holding: revenue increased by 7.6% in first quarter
(Thomson Reuters ONE) -
Beter Bed Holding N.V. realised a positive first quarter. Revenue amounted to ?
115.0 million, which is an increase of ? 8.1 million (7.6%) compared to last
year (Q1 2016: ? 106.9 million). Excluding the acquisition of Sängjätten revenue
increased by 5.0%.
In Germany revenue development showed a prudent turn of the negative trend in
the past quarters. The like-for-like revenue amounted to -1.7% in the first
quarter (Q4 2016: -4.5%; Q3 2016: -8.8%). Ultimately revenue increased by 0.7%
in the first quarter.
In the Netherlands revenue increased by 12.0% in the first quarter. Order intake
in comparable stores increased by 4.2%. Consumer confidence and propensity to
buy remained unabatedly high.
Switzerland, Spain and Belgium posted growth in revenue of 5.2%, 22.4% and
31.1% respectively in the first quarter. The 10.3% decrease in revenue in
Austria was mainly caused by a strong comparison base (sell-out of stocks of the
former BettenMax format early 2016).
The order portfolio for the group amounted to ? 24.6 million at the end of the
first quarter, which is 10.4% higher compared to last year.
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 1,202. In 2016, the company achieved
revenue of ? 410.5 million and an EBITDA of ? 37.5 million.
For more information:
Ton Anbeek Bart Koops
Chief Executive Officer Chief Financial Officer
+31 (0)413 338819 +31 (0)413 338819
+31 (0)6 53662838 +31 (0)6 46761405
ton.anbeek(at)beterbed.nl bart.koops(at)beterbed.nl
Please click on the link below for the PDF version
Press release 12-05-2017:
http://hugin.info/132850/R/2103908/798243.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
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
Unternehmensinformation / Kurzprofil:
Datum: 12.05.2017 - 08:01 Uhr
Sprache: Deutsch
News-ID 542118
Anzahl Zeichen: 2931
contact information:
Town:
Uden
Kategorie:
Business News
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