Beter Bed Holding announces Q3 2019 sales increase of 6.8% for the Continued Operations. Intended divestment of Matratzen Con...
25 Outubro 2019 - 2:00AM
Beter Bed Holding announces Q3 2019 sales increase of 6.8% for the
Continued Operations. Intended divestment of Matratzen Concord on
track
Highlights:
- Q3 2019 sales increased by 6.8% to € 43.9 million, with
like-for-like sales of 5.6%.
- Both Benelux and New Business contributed to the sales growth
with strong commercial activation and several new innovations.
- On track with the transformation to a financially stable
company with significant growth potential.
- Net debt and liquidity position will significantly improve as a
result of the intended Matratzen Concord divestment, which is on
track to be completed by the end of 2019, and the
sale-and-leaseback transaction of the distribution center in
Uden.
John Kruijssen, CEO of Beter Bed Holding,
comments: “In August 2018 we kicked off a strategic
journey to recover profitable sales growth. We are very pleased
with the sustained sales growth of our continued operations. The
core operations in the Benelux are growing in both the Online and
Offline channels, proving that our omni-channel strategy is
successful. Our New Business also continues to grow, although from
a smaller basis. Sales growth of the Wholesale channel is ahead of
plan, with much more untapped potential to address. Sales growth in
Sweden is solid and the action plans we implemented, with the aim
to improve profitability, are in full swing. We continue to
see the potential of the Matratzen Concord chain, and with the
right focus and the much needed investments that are secured by the
intended divestment, we believe all its stakeholders including its
employees can enjoy a sustainable future. All in all, with this
promising sales growth, I am confident that we are well positioned
for a sustainable future.”
Please click on the link below for the complete version of
the press release. Press photos can be downloaded here.
Beter Bed Holding NV (EU:BBED)
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