Brief: Beter Bed Holding Sees Revenue Increase, Stable Gross Margin In 2022

Beter Bed Holding NV

11/03/2022 06:12

March 11 (Reuters) - Beter Bed Holding Nv  BETR.AS :
    * REG-BETER BED HOLDING SHOWS STRONG 2021 RESULTS AND
RESUMES
DIVIDEND PAYOUT
    * FY NET PROFIT ROSE 75 PERCENT TO 13.9 MILLION EUR
    * GROWTH IN REVENUE AND EBITDA LEADING TO A TOTAL NET PROFIT
OF
EUR 13.9 MILLION, UP 75% COMPARED TO EUR 7.9 MILLION IN 2020
    * FY ONLINE SALES GROWTH OF 55.9%; RESULTING IN 23.4% ONLINE
CHANNEL SHARE
    * STRONG CASH POSITION AT YEAR-END 2021 OF EUR 38.0 MILLION
(EUR
19.3 MILLION AT YEAR-END 2020).
    * PROPOSED CASH DIVIDEND OF EUR 0.15 PER ORDINARY SHARE FOR
FINANCIAL YEAR 2021
    * OUTLOOK 2022: BBH EXPECTS A FURTHER INCREASE OF REVENUES
WITH A
STABLE GROSS MARGIN.
    * FY SALES EUR  214.2 MILLION VERSUS EUR 207.5MLN YEAR AGO
    * ON UKRAINE CONFLICT: THERE IS NO SIGNIFICANT DIRECT IMPACT
ON
OUR OPERATIONS AT THIS MOMENT
    * IN THE FIRST TWO MONTHS OF 2022, WE HAVE BEEN ABLE TO GROW
OUR
ORDER INTAKE WITH HIGH SINGLE DIGIT PERCENTAGE VERSUS SAME
PERIOD PRE-COVID IN 2020
    * FOR 2022, OUR EBITDA MARGIN IS EXPECTED TO BE ON TRACK TO
REACH
MARGIN TARGET OF 16-19% AS OUTLINED IN OUR 2025 STRATEGY
    * WE WILL INCREASE OUR CAPITAL EXPENDITURES IN 2022
    * FY EBITDA EUR 33.2  MLN VS EUR 32.0 MLN YEAR AGO

Source text for Eikon:  ID:nGNE8FlNm3 
Further company coverage:  BETR.AS 

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