Beter Bed Holding : Solid 2021 results, but growth acceleration vital to remain on track for 2025
>Solid underlying results and balance sheet strengthened in 2021 - In the mix of a slightly-lower-than-expected gross profit and much-better-than-expected cost management, Beter Bed reported operating profit and net profit ahead of our estimates for 2021. Strong operating cash flow and investment cash flow that was materially lower than expected led to a marked improvement in Beter Bed’s balance sheet, with a cash position of € 38m, zero interest-bearing debt, and a f...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.
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