Brief: Beter Bed Holding Under 2025 Objective Eyes EBITDA Margin Of 16-19%

Beter Bed Holding NV

12/05/2021 06:27

May 12 (Reuters) - Beter Bed Holding NV  BETR.AS :
    * REG-BETER BED HOLDING PRESENTS STRATEGY UPDATE AT AGM TODAY: POSITIVE
TRAJECTORY
FOR GROWTH WITH ABILITY TO INVEST AND AIM TO RESUME DIVIDENDS
    * GROWTH STRATEGY STRUCTURED AROUND THREE AREAS: 1. DIGITALISATION, 2.
DEVELOPMENT
OF STORE NETWORK, AND 3. ROLL-OUT OF B2B AND WHOLESALE ACTIVITIES
    * OBJECTIVES 2025: AIM TO DOUBLE BUSINESS OVER NEXT 5 YEARS
    * OBJECTIVES 2025: ACCELERATE ONLINE SALES TO ACHIEVE A CHANNEL SHARE OF AT
LEAST
25% OF TOTAL SALES.
    * OBJECTIVES 2025: EBITDA MARGIN TARGET TO INCREASE TO 16-19%.
    * OBJECTIVES 2025: AVERAGE ANNUAL CAPEX C. 3% OF NET SALES OVER PERIOD; NOT
EQUALLY DISTRIBUTED OVER 5 YEARS (SLIGHTLY HIGHER IN YEAR 1-2).
    * OBJECTIVES 2025: BEST-IN-CLASS CASH GENERATION TO BUILD EQUITY, FUND
INVESTMENTS
AND RESUME DISTRIBUTION OF DIVIDENDS
    * SUBJECT TO STABLE FINANCIAL CONDITIONS, COMPANY AIMS TO PAY A DIVIDEND OF
AT
LEAST 50% OF NET PROFIT TO SHAREHOLDERS
    * GROWTH AGENDA 2025: FURTHER DIGITALISATION OF ORGANISATION AND ITS ONLINE
ACTIVITIES
    * GROWTH AGENDA 2025: FURTHER ROLL-OUT OF B2B AND WHOLESALE ACTIVITIES,
DEVELOPMENT OF A SUBSCRIPTION MODEL

Source text for Eikon:  ID:nGNE24FTHq 
Further company coverage:  BETR.AS 

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