Brief: Beter Bed Holding H1 EBITDA Unchanged Y/Y At EUR 13.7 Mln

Beter Bed Holding NV

22/07/2022 06:05

July 22 (Reuters) - Beter Bed Holding NV  BETR.AS :
    * CONTINUES SALES GROWTH WITH +15.6% IN FIRST HALF YEAR OF
2022
AND FORMS MANUFACTURING JOINT VENTURE IN POLAND
    * END-JUNE ORDER BOOK AT EUR 19.4 MILLION (-24.1% COMPARED
TO 30
JUNE 2021)
    * H1 EBITDA EUR 13.7 MILLION VERSUS EUR 13.7 MILLION YEAR
AGO
    * FEEL CONFIDENT IN OUR ABILITY TO INCREASE REVENUES OVER
THE FULL
YEAR 2022.
    * NEWLY DEVELOPED SUPPLY CHAIN NETWORK STRATEGY TO SUPPORT
2025
MEDIUM-TERM OBJECTIVES
    * BINDING MEMORANDUM OF UNDERSTANDING SIGNED WITH
LONG-STANDING
SUPPLIERS TO ACQUIRE 33.3% INTEREST IN POLISH BEDDING AND
MATTRESSES FACTORY
    * H1 GROSS PROFIT INCREASE OF +12.6% TO EUR 61.2 MILLION
    * H1 NET PROFIT FROM CONTINUING OPERATIONS EUR 2.2 MILLION
VERSUS
EUR 4.1 MILLION YEAR AGO
    * H1 REVENUE EUR 112.4 MLN VS EUR 97.2 MLN YEAR AGO

Source text for Eikon:  ID:nGNE36v4Tr 
Further company coverage:  BETR.AS 

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