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Beter Bed Holding N.V.

Beter Bed Holding N.V.

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Publicatie datum 16 mei 2014 - 08:00
Statutaire naam Beter Bed Holding N.V.
Titel Trading update Beter Bed Q1 2014: First signs of recovery despite lower revenue
Bericht Net revenue in Q1 2014 falls by 5.9% to € 92.7 million (like-for-like: -4.1%). Gross profit increases by 0.5% to 56.9% also due to improved purchasing conditions. Operating expenses decrease by 2.5% to € 46.4 million. EBIT falls by 20.5% to € 6.4 million. Net total of 11 store closures; store base decreased by 4.1%. Start refined positioning and promotions in all countries. Revenue fell by 5.9% to € 92.7 million in the first quarter of 2014. Revenue at comparable stores decreased by 4.1% in the first quarter of 2014. In Germany the decrease in revenue was caused primarily by a shift in the promotional calendar from the first to the second quarter. Revenue at comparable stores in Germany fell by 1.6% in the first quarter of 2014. Total revenue in Germany decreased by 0.6% in the first quarter of 2014.