Beter Bed Holding N.V. : First signs of slowdown most noticeable in New Business division
>Sales fell short 2% vs our expectations in Q3 2022 - Beter Bed reported net sales of € 54.4m in Q3 2022 compared with our forecast of € 55.6m. Sales decreased by 4.3% on a like-for-like basis compared with our expectation of a drop of 1.9%. Online sales penetration amounted to 17.2% in Q3 2022, in line with our expectation of penetration of 17.3%. Online sales increased by 4.5%. The like-for-like order intake was down by 10% in Q3 2022, due to the strong comparison b...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.
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