Beter Bed Holding : Minor shortfall in 2021 sales, but costs likely up in H2 2021; TP cut to € 9
>Q4 2021 and 2021 sales a notch below our expectations - Beter Bed reported sales of € 60.6m in Q4 2021 and € 214.2m in 2021, slightly lower than our forecasts of € 61.4m and € 215.1m, respectively. Like-for-like sales growth came in at 3.3% in 2021, compared with our forecast of 7.8%. Benelux reported sales of € 56.6m in Q4 2021, 1.6% below our forecast. New Business reported sales of € 4.1m, 2.5% ahead of our estimate. Online sales increased by 55.9%, which led to a...Beter Bed Holdings is a holding company. Through its subsidiaries, Co. operates in the European bedroom furnishings market and offers mattresses, box springs, bed bases, bedroom furniture, bed textiles and other related items. Co.'s activities include retail trade through 1,159 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 Colchon (active in Spain), BeddenREUS, Dormaeel and Slaapgenoten (all three active in the Netherlands) and MAV (active in Germany). Co. is also active in developing and selling branded products in the bedroom furnishings sector.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.