Brief: Beter Bed Holding Publishes Strategy Update

Beter Bed Holding NV

26/10/2018 09:06

Oct 26 (Reuters) - BETER BED HOLDING NV  BETR.AS :
    * REG-STRATEGY UPDATE BETER BED HOLDING
    * WE HAVE STARTED A CAPEX AND INVENTORY REDUCTION PROGRAM
TOWARDS
YEAR-END 2018
    * MAJOR PUSH TO REGAIN SHORT-TERM SALES MOMENTUM IN ALL
MARKETS IN
Q4 2018.
    * SEES COST SAVINGS OF EUR 25 MILLION BY 2020
    * MID-TERM STRATEGY : CAPEX INVESTMENTS OF 3 - 4% OF SALES
PER
YEAR
    * MID-TERM STRATEGY: SEES ONLINE CHANNEL SHARE TOWARDS 20%
OF
TOTAL SALES
    * TARGETS ANNUAL SALES GROWTH OF 4-5% PER YEAR WITH
SUSTAINABLE
EBITDA MARGINS OF 7-9% OVER MEDIUM TERM.
    * OUR LONG-TERM DIVIDEND PAY-OUT REMAINS UNCHANGED
    * FOR 2018 AND 2019 NO DIVIDEND IS EXPECTED

Source text for Eikon:  ID:nGNE1S1Wms 
Further company coverage:  BETR.AS 

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