Brief: Beter Bed Holding FY EBITDA Up 57.5% TO EUR 33.4 MLN

Beter Bed Holding NV

12/03/2021 06:19

March 12 (Reuters) - BETER BED HOLDING NV  BETR.AS :
    * BETER BED HOLDING RECORDS STRONG COMMERCIAL AND FINANCIAL
PERFORMANCE WITH EXCELLENT CASH GENERATION IN 2020
    * FY SALES 222.1 MILLION EUR
    * FULL-YEAR EBITDA (INCLUDING IFRS 16) GREW BY 57.5% TO €
33.4
MILLION IN 2020 WITH NET PROFIT OF € 7.9 MILLION
    * 2020 SALES AMOUNT TO € 222.1 MILLION REPRESENTING A
LIKE-FOR-LIKE UPLIFT OF 21.2% ACROSS ALL BUSINESSES
    * GROSS MARGIN FURTHER INCREASED TO 54.9% ACROSS THE GROUP
    * ORDER INTAKE GREW LIKE-FOR-LIKE BY 24.8%, LEADING TO
RECORD HIGH
ORDER BOOK OF € 24.8 MILLION ON 31 DECEMBER 2020 (UP 19% VERSUS.
31 DECEMBER 2019)
    * IT IS DIFFICULT TO PREDICT HOW 2021 WILL UNFOLD, ALTHOUGH
IT IS
ALREADY CLEAR THAT Q1 HAS BEEN HUGELY IMPACTED THROUGH THE
CLOSURE OF OUR PHYSICAL STORES
    * AT YEAR-END 2020, THE GROUP REPORTED A NET CASH POSITION
OF €
19.3 MILLION (2019: NET DEBT OF € 7.9 MILLION)
    * THE MANAGEMENT BOARD PROPOSES TO THE AGM ON 12 MAY 2021
THAT NO
DIVIDEND WILL BE PAID FOR THE 2020 FINANCIAL YEAR

Source text for Eikon:  ID:nGNEb6XzpM 
Further company coverage:  BETR.AS 

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