Results

Beter Bed Holding NV

04/16/2021 | Press release | Distributed by Public on 04/16/2021 01:35

Beter Bed Holding outperforms markettrends with strong online growth during mandatory lockdown in Q1

Beter Bed Holding outperforms markettrends with strong online growth during mandatory lockdown in Q1 2021

16 April 2021

Highlights first quarter

  • Q1 sales amounted to € 48.0 million as a result of mandatory store closures largely offset by strong growth in online sales and excellent performance in Belgium, Sweden and at DBC.
  • Impressive performance of online channel due to ongoing investments; online sales accelerated by 252.4% to € 19.7 million, amounting to 41% of total sales.
  • Order book on 31 March amounted to € 18.8 million, up 13.4% versus last year. Like-for-like order intake decreased by 14.0% over the first quarter mainly as a result of mandatory store closures.
  • Since stores have been reopened for 'shopping by appointment' (3 March) order intake has grown by 60.8% over March 2021 compared with a year earlier.
  • Well-positioned to benefit from further market growth on the back of increased attention for the role of sleep in well-being.

Download the full press release:

20210416 Trading update Q1 2021 (0.64Mb)