Brief: Beter Bed Holding Q4 Sales Up At 60.6 Million Euros

Beter Bed Holding NV

21/01/2022 06:26

Jan 21 (Reuters) - Beter Bed Holding NV  BETR.AS :
    * CONTINUED SALES GROWTH IN Q4 2021 LEADING TO INCREASE IN
FY 2021
SALES
    * Q4 SALES AMOUNT TO EUR 60.6 MILLION (+6.3%) WITH
IMPROVEMENTS
ACROSS ALL BUSINESSES, RESULTING IN EUR 214.2 MILLION (+3.3%)
FOR FULL YEAR
    * ORDER INTAKE GROWTH LEADS TO A RECORD LEVEL ORDER BOOK OF
EUR
25.3 MILLION (UP 10.1% VERSUS. 31 DECEMBER 2020)
    * CONTINUED GROWTH IN ORDER INTAKE IN BENELUX (+0.2%
LIKE-FOR-LIKE) AND NEW BUSINESS (+11.6% LIKE-FOR-LIKE) IN Q4
    * CONTINUED TO DELIVER STRONG RESULTS BOTH ON- AND OFFLINE
IN Q4
2021, DESPITE ONGOING CHALLENGES OF COVID-19 (LOCKDOWN)
CONSTRAINTS - CEO
    * OUTPERFORMANCE CONTINUES DESPITE COVID-19 CHALLENGES AND
RELATED
LIMITATIONS IN STORE OPENINGS
    * NEWLY INSTALLED DATA ANALYTICS TEAM WILL ENABLE US TO
CAPITALISE
ON CUSTOMER DRIVEN INSIGHTS AND VALUE GENERATION
    * ONLINE SALES FOR FULL YEAR UP 55.9%, LEADING TO AN OVERALL
CHANNEL SHARE OF 23.4% FOR FULL YEAR
    * COMMODITY PRICES ARE HIGH, AND SUPPLY CHAIN ISSUES
PERSISTENT.
BBH CONTINUES TO NAVIGATE THESE CIRCUMSTANCES WELL - CEO
    * WE ANTICIPATE THAT IT WILL TAKE SOME TIME BEFORE LIFE WILL
BE IN
‘NORMAL SHAPE’ AND THEREFORE WE CONTINUE TO RETAIN FOCUS ON COST
CONTROL, DISCIPLINED CAPITAL SPEND AND STRICT CASH FLOW
MANAGEMENT
    * WE DELIBERATELY MAINTAIN HIGH STOCK LEVELS TO AVOID ISSUES
IN
DELIVERIES TO OUR CUSTOMERS AND OUR CAPEX SPEND WILL BE
INCREASED IN 2022 TO IMPLEMENT THE STRATEGIC PROJECTS AS SET OUT
IN OUR AMBITIOUS GROWTH STRATEGY TOWARDS 2025

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

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