Beter Bed Holding N.V. : More and more signals turning red; TP cut to € 4; Neutral reiterated
>We expect Q3 to be 2nd consecutive quarter of negative growth - Beter Bed is set to release its Q3 2022 trading update (sales) on 21 October at 07:00 and host a conference call at 09:00. Similar to Q2 2022, we expect Beter Bed to report negative like-for-like sales growth. The quarter compares with the only quarter in 2021 with no COVID-19-related restrictions, implying a more challenging base, in our view. Also, using industry data for Dutch furniture and interior d...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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