Brief: Beter Bed Holding announces AGM, update on Q1 2022

Beter Bed Holding NV

30/03/2022 06:18

March 30 (Reuters) - Beter Bed Holding NV  BETR.AS :
    * ANNOUNCES AGM AND PROVIDES UPDATE ON CURRENT DEVELOPMENTS
– GOOD
START TO THE YEAR 2022
    * 2021 BEGAN AND CONCLUDED WITH TEMPORARY STORE CLOSURES,
HOWEVER
IMPACT HAS BEEN MANAGED IN REMAINDER OF YEAR
    * HAS BEEN ABLE TO SHOW GROWTH IN SALES, EBITDA, EBIT AND
NET
PROFIT FOR 2021 FINANCIAL YEAR
    * THIS PUT COMPANY IN A STRONG STARTING POSITION FOR 2022
    * AS A RESULT OF OUR SOLID FINANCIAL POSITION AND STRONG
RESULTS,
WE WILL PROPOSE A DIVIDEND PAYOUT OF € 0.15 PER ORDINARY SHARE
AT THE AGM, A STRONG SIGNAL OF CONFIDENCE IN OUR FUTURE
    * DESPITE MANDATORY STORE CLOSURES FOR FIRST TWO WEEKS OF
2022 IN
NETHERLANDS, WHICH HAS ALREADY STARTED IN SECOND HALF OF
DECEMBER 2021, BBH STARTED YEAR STRONGLY
    * CURRENTLY, ALL STORES ARE OPEN WITHOUT COVID-19
RESTRICTIONS AND
ORDER INTAKE IS WELL ABOVE PRE-COVID LEVEL
    * IMPLEMENTATION OF OUR 2025 STRATEGY IS IN FULL SWING AND
COMPANY
IS IN A GOOD SHAPE
    * WE WILL FURTHER INCREASE OUR CAPEX IN 2022 TO ATTAIN OUR
AMBITIOUS GROWTH TARGETS TOWARDS 2025
    * ON UKRAINE CRISIS: AT PRESENT, WE SEE LIMITED IMPACT IN
OUR
SUPPLY CHAIN
    * ON UKRAINE CRISIS: WE CONTINUE TO BE IN CLOSE CONTACT WITH
OUR
PARTNERS, HAVE RE-ADDRESSED CERTAIN COMMODITY SOURCES, AND
DELIBERATELY MAINTAIN SAFETY STOCK LEVELS TO MINIMISE POTENTIAL
IMPACT ON DELIVERIES TO OUR CUSTOMERS
    * ON UKRAINE CRISIS: WE ANTICIPATE THAT CURRENT DISRUPTIONS
WILL
TAKE SOME TIME TO NORMALISE AND WE CONTINUE TO RETAIN FOCUS ON
COST CONTROL, DISCIPLINED CAPITAL SPEND AND STRICT CASH FLOW
MANAGEMENT

Source text for Eikon:  urn:newsml:reuters.com:*:nGNE43wVzz
Further company coverage:  BETR.AS 

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