Beter Bed Holding N.V. : Still on track towards forecast € 60-65m EBITDA in 2025
>A strong start to the year, with € 60.5m in revenue in Q1 2022 - Beter Bed enjoyed a very strong start to the year, reporting € 60.5m in revenue compared with our forecast of € 54m (no consensus available). Like-for-like sales growth amounted to 38.0%, although this strong result was partly due to mandatory store closures in Q1 2021, which provided an easy comparison base. Beter Bed’s Benelux operations reported like-for-like sales growth of 37.9% and New Business (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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