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Beter Bed Holding B.V.

Beter Bed Holding B.V.

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Publicatie datum 28 apr 2010 - 08:35
Statutaire naam Beter Bed Holding B.V.
Titel Beter Bed achieves strong performance in first quarter of 2010: 4.6% increase in revenue, 51.3% rise in net profit
Bericht 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.'