Brief: Beter Bed Holding Announces Matratzen Concord’S Restructuring And Q3 Trading Update

Beter Bed Holding NV

17/10/2018 07:50

Oct 17 (Reuters) - BETER BED HOLDING NV  BETR.AS :
    * REG-BETER BED HOLDING ANNOUNCES MATRATZEN CONCORD’S
RESTRUCTURING AND Q3 TRADING UPDATE
    * Q3 SALES OF EUR 97.9 MILLION DECLINED BY 7.1% COMPARED TO
Q3
2017
    * RESTRUCTURING WILL HAVE A ONE-OFF COST IMPACT OF CIRCA EUR
8
MILLION ON MATRATZEN CONCORD IN Q4 2018
    * BETER BED HOLDING ENTERED INTO CONSTRUCTIVE DIALOGUE WITH
ITS
BANKS ON NET DEBT/EBITDA COVENANT AS PER YEAR END 2018
    * RESTRUCTURING IS EXPECTED TO HAVE A STRUCTURAL EBIT
BENEFIT OF
CIRCA EUR 6 MILLION AS OF 2019

Source text for Eikon:  urn:newsml:reuters.com:*:nGNE52zJXV
Further company coverage:  BETR.AS 

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