Beter Bed raises profit forecast for third quarter of 2009
(Thomson Reuters ONE) - Despite continuing reluctance on the part of consumers to spend,Beter Bed Holding N.V. has realised an increase of more than 2% inrevenue in the third quarter of 2009 (? 92 million in comparison to ?89 million in the third quarter of 2008). The company furthermoreexpects to have been able to improve its gross profit and reduce theaverage expenses per store. As a result net profit in the thirdquarter of 2009 is now forecast to more than ? 5 million. This ishigher than the amount last year when net profit in the third quartertotalled ? 4.3 million.In the comparable stores of the Beter Bed Holding formulas salesdecreased by approximately 3% in the third quarter of 2009 comparedto the same period in 2008.In August of this year the company projected that it would realisenet profit of approximately ? 3.5 million in the third quarter.Market conditions were less negative in the second quarter and thissituation continued in the third quarter. It is, nonetheless, stilltoo early to speak of a recovery in the market for bedroomfurnishings. The company's profit depends for an extremely large parton the revenue performance, which remains subject to poor visibility.The company will continue to focus unabated on its promotionalactivities, whilst at the same time maintaining or improving thegross profit and reducing the average expenses per store.The definitive quarterly results will be published before the openingof the Amsterdam stock exchange on 30 October 2009.ProfileBeter Bed operates in the European bedroom furnishings market. Itsactivities include retail trade through a total of approximately1,050 stores that operate via the chains Beter Bed (active in theNetherlands), Matratzen Concord (active in Germany, the Netherlands,Austria, Switzerland, Belgium and Poland), El Gigante del Colchón(active in Spain), BeddenReus, Dormaël and Slaapgenoten (all threeactive in the Netherlands) and MAV (active in Germany). Beter BedHolding is also active in the field of developing and wholesalingbranded products in the bedroom furnishings sector in theNetherlands, Belgium, Germany and Spain via its subsidiary DBCInternational. Beter Bed Holding achieved net revenue of? 358.6 million in 2008. The company has been listed on EuronextAmsterdam since December 1996. The Beter Bed Holding share isincluded in the Amsterdam Small Cap Index.For more information, please contact: Frans Geelen, Chief ExecutiveOfficerTel. +31 (0)413 338819 / Fax +31 (0)413 338829 / Mob. +31 (0)629565517E-mail: frans.geelen(at)beterbed.nl / Website: www.beterbedholding.comPlease click on the link below for the pdf version of this pressrelease.Should you no longer wish to receive press releases, we request youto unsubscribe through the news service on our websitehttp://www.beterbedholding.com/page.php?sm_id=77http://hugin.info/132850/R/1346305/323364.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 07.10.2009 - 17:40 Uhr
Sprache: Deutsch
News-ID 6699
Anzahl Zeichen: 0
contact information:
Town:
London
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 265 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Beter Bed raises profit forecast for third quarter of 2009"
steht unter der journalistisch-redaktionellen Verantwortung von
Beter Bed Holding NV (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
