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Beter Bed Holding B.V.

Beter Bed Holding B.V.

Below you will find information from the register publication of inside information. The information has been provided by the organisation.

Registration date 22 jan 2014 - 08:00
Statutory name Beter Bed Holding B.V.
Title Beter Bed: decrease in revenue and simplification of formula portfolio in the Benelux places extra pressure on net profit
Comments • Net revenue totalled € 357.4 million in 2013, 10.0% lower than in 2012 (€ 397.3 million). • Simplification of formula portfolio through the closure of Matrassen Concord Benelux and Slaapgenoten stores; related non-recurring expenses amounted to € 6.5 million (total non-recurring expenses 2013: € 7.5 million). • Further focus enables Beter Bed to expand the market position of the Beter Bed and BeddenREUS formulas. • Operating profit (excluding the non-recurring expenses) decreased to approximately € 19.6 million (5.5% of revenue) in 2013 (2012: € 31.2 million; 7.9% of revenue). • Net profit excluding non-recurring expenses amounted to approximately € 14.2 million in 2013 (2012 excluding non-recurring expenses: € 22.2 million).