Brief: Beter Bed Holding Announces Q1 Sales Of 54.3 Million Euros

Beter Bed Holding NV

17/04/2020 06:23

April 17 (Reuters) - BETER BED HOLDING NV  BETR.AS :
    * ANNOUNCES STRONG Q1 SALES, WITH UPTURN IN ONLINE CHANNEL
    * Q1 2020 SALES INCREASED BY 8.0% TO EUR 54.3 MILLION, WITH
LIKE-FOR-LIKE SALES GROWTH OF 6.9%, WITH BOTH BENELUX AND NEW
BUSINESS CONTRIBUTING
    * Q1 2020 ONLINE SALES INCREASED BY 29.6% TO EUR 5.6
MILLION,
AMOUNTING TO 10.3% OF TOTAL SALES
    * ORDER INTAKE DECREASED BY 2.0% OVER Q1 2020, FOLLOWING
COVID-19
OUTBREAK, WHILE LEVEL UNTIL MID-MARCH WAS 9% ABOVE LAST YEAR
    * DISCUSSING TERM SHEET FOR EXTENSION OF BANK AGREEMENT WITH
CURRENT BANKS
    * DECREASE IN TRAFFIC IN OUR DUTCH STORES, DUE TO MEASURES
ANNOUNCED BY DUTCH AUTHORITIES
    * WE ARE DISCUSSING TERM SHEET WITH INCUMBENT BANKS TO
EXTEND TERM
OF OUR EXISTING CREDIT FACILITIES TO EXPIRE MID-2020

Source text for Eikon:  ID:nGNE1KmWDv 
Further company coverage:  BETR.AS 

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