Beter Bed Holding N.V. : Excited about Q4 2022 sales, but disappointed about H2 2022e costs
>Q4 2022 sales beat our forecast by 10% - Beter Bed’s revenue in the fourth quarter developed better than had been expected, despite the challenging macroeconomic environment (with high inflation and low consumer confidence). Sales came in 10% higher than our forecast in Q4 2022, with both Benelux and the New Business contributing. Online sales amounted to € 10.6m in Q4 2022, 8.2% ahead of our forecast of € 9.8m. Online penetration was 16.9% in Q4 2022 and 18.3% for t...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.