Beter Bed: growth in revenue and profit continues
(Thomson Reuters ONE) -
* Revenue increased by 0.8% to ? 361.5 million for the full year 2009 despite
shrinking market.
* Net profit for the full year 2009 totalled ? 23.9 million, 8.1% higher than
in 2008.
* Revenue once again higher in the fourth quarter of 2009 (+9.0%).
* Net profit in the fourth quarter of 2009 amounted to ? 11.9 million (71.1%
higher than the fourth quarter of 2008).
* Dividend proposal: ? 1.04 per share (2008: ? 0.52 per share); payout ratio
of 93%.
* Despite the poor accessibility of German stores due to prolonged extreme
winter weather conditions, the company expects to realise higher revenue
with at least a 35% rise in net profit in the first quarter of 2010 compared
to the first quarter of 2009.
Ton Anbeek, CFO:
'The Beter Bed Holding formulas achieved growth in revenue in the fourth quarter
of 2009 and for the full year 2009 in a market in which consumers were still
reluctant. It was once again possible to achieve this growth in large part
thanks to the commitment and professionalism of our employees. The introduction
of new products featuring an excellent price-quality ratio and the promotional
activities resulted in an increase in revenue. The measures aimed at improving
gross profit and reducing the expenses per store once again contributed
substantially to the result. We continue to invest in opening new stores. With
respect to the dividend, we are able to announce that the amount will be doubled
this time in comparison to 2008.'
Profile
Beter Bed operates in the European bedroom furnishings market. Its activities
include retail trade through a total of approximately 1,064 stores that operate
via the chains Beter Bed (active in the Netherlands), Matratzen Concord (active
in Germany, the Netherlands, Austria, Switzerland, Belgium and Poland), 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 Spain
via its subsidiary DBC International. Beter Bed Holding achieved net revenue of
? 361.5 million in 2009. 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: Ton Anbeek, Chief Executive Officer
Tel. +31 (0)413 338819 / Fax +31 (0)413 338829 / Mob. +31 (0)6 53662838
E-mail:ton.anbeek(at)beterbed.nl
www.beterbedholding.com
Please click on the link below for the full version of the press release.
[HUG#1393134]
press release 12-3-2010.pdf: http://hugin.info/132850/R/1393134/350486.pdf
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 12.03.2010 - 02:00 Uhr
Sprache: Deutsch
News-ID 1011297
Anzahl Zeichen: 0
contact information:
Contact person:
Town:
Uden
Phone:
Kategorie:
Business News
Anmerkungen:
Diese Pressemitteilung wurde bisher 68 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Beter Bed: growth in revenue and profit continues
"
steht unter der journalistisch-redaktionellen Verantwortung von
Beter Bed Holding NV (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
