Beter Bed Holding N.V. achieved revenue totalling € 96.0 million in the first quarter of 2008. Despite the fact that Easter fell early this year, this result represents a 4.5% growth in revenue in comparison to the first quarter of 2007 (€ 91.9 million). While operating profit (EBIT) remained virtually unchanged, net profit in the first quarter of 2008 amounted to € 7.9 million compared to € 8.9 million in the same period of last year. This lower net profit is largely attributable to tax effects. The company forecasted net profit of at least € 7 million at the time of the publication of the annual figures in mid-March 2008.
Profile
Beter Bed operates in the European bedroom furnishings market. Its activities include retail trade through approximately 970 stores at the end of the first quarter of 2008 that operate via the chains Beter Bed (active in the Netherlands), Matratzen Concord (active in Germany, the Netherlands, Austria, Switzerland and Belgium), El Gigante del Colchón (active in Spain), BeddenReus, Dormaël and Slaapgenoten (all three active in the Netherlands) and MAV (active in Germany). Beter Bed Holding is also active in the field of developing and wholesaling branded products in the bedroom furnishings sector in the Netherlands, Belgium, Germany and in Spain via its subsidiary DBC International. Beter Bed Holding achieved net revenue of € 351.2 million in 2007. The company has been listed on Euronext Amsterdam since December 1996. The Beter Bed Holding share is included in the Amsterdam Small cap Index.
For more information, please contact: Frans Geelen, Chief Executive Officer
Tel. +31 (0)413 338819 / Fax +31 (0)413 338829 / Mob. +31 (0)6 29565517
E-mail: frans.geelen@beterbed.nl / Website: www.beterbedholding.com
Tel. +31 (0)413 338819 / Fax +31 (0)413 338829 / Mob. +31 (0)6 29565517
E-mail: frans.geelen@beterbed.nl / Website: www.beterbedholding.com
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