Brief: Beter Bed Holding FY net profit down at 19.0 million euros

Beter Bed Holding NV

17/03/2017 07:01

March 17 (Reuters) - Beter Bed Holding NV  BETR.AS : 
    * FY net profit amounted to 19.0 million euros ($20.5 
million) versus 22.6 million euros in 2015 
    * Dividend proposal: 0.74 euros per share, pay-out ratio of 
85 percent 
    * FY EBITDA decreased to 37.5 million euros versus 41.1 
million euros in 2015 
    * Outlook for 2017 is primarily determined by the extent to 
which revenue recovers in the German market 
    * Expects to see a slight improvement in Germany in the 
first half of 2017 
    * A stringent cost control and investment policy to be 
followed in 2017 
    * For 2017 company furthermore aims at market leadership in 
various markets through like-for-like growth in revenue and 
expansion 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nGNE6GyDQq 
Further company coverage:  BETR.AS  
 
($1 = 0.9280 euros) 
 
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