Beter Bed Holding: revenue increased by 3.3% in third quarter
(Thomson Reuters ONE) -
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(at)beterbed.nl
Please click on the link below for the PDF version of the press release.
Press release 03-11-2017:
http://hugin.info/132850/R/2146815/823204.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: 03.11.2017 - 08:00 Uhr
Sprache: Deutsch
News-ID 566554
Anzahl Zeichen: 3032
contact information:
Town:
Uden
Kategorie:
Business News
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