reports
Final results of the Offer for Beter Bed Holding: 98.44% of the Share...
Final results of the Offer for Beter Bed Holding: 98.44% of the Shares obtained JOINT PRESS RELEASE This is a joint press release by Beter Bed Holding N.V. ("Beter Bed Holding" or the "Company") and 959 B.V. (the "Offeror"), a company controlled by Torqx Capital Partners ("Torqx"). This joint press release is issued pursuant to the Article 16, paragraphs 1 and 2, Article 17 paragraph 1 and Article 4, paragraph 3 of the Netherlands Decree in Public Takeover Bids (Besluit openbare biedingen Wft, the "Decree") in connection with the recommended public offer by the Offeror for all the issu...
Torqx declares offer for Beter Bed Holding unconditional; 95.14% of Sh...
Torqx declares offer for Beter Bed Holding unconditional; 95.14% of Shares now tendered or committed JOINT PRESS RELEASE This is a joint press release by Beter Bed Holding N.V. ("Beter Bed Holding" or the "Company") and 959 B.V. (the "Offeror"), a company controlled by Torqx Capital Partners ("Torqx"). This joint press release is issued pursuant to the Article 16, paragraphs 1 and 2, Article 17 paragraph 1 and Article 4, paragraph 3 of the Netherlands Decree in Public Takeover Bids (Besluit openbare biedingen Wft, the "Decree") in connection with the recommended public offer by the Offer...
Beter Bed Holding N.V. Extraordinary General Meeting adopts all resolu...
Beter Bed Holding N.V. Extraordinary General Meeting adopts all resolutions in relation to the recommended Offer by Torqx This is a press release by Beter Bed Holding N.V. ("Beter Bed Holding" or the "Company"). This press release is issued in connection with the recommended public offer by 959 B.V. (the "Offeror"), a company controlled by Torqx Capital Partners B.V. ("Torqx"), for all the issued and outstanding shares in the capital of the Company (the "Offer"). This press release does not constitute an offer, or any solicitation of any offer, to buy or subscribe for any securities in Bete...
Beter Bed Holding NV reports solid third quarter
Beter Bed Holding NV reports solid third quarter Highlights Q3 sales amounted to € 54.9 million (+0.9% vs Q3 2022) resulting in YTD sales of € 173.3 million (+3.9%)Online sales for Q3 at € 9.3 million (-0,5% vs Q3 2022), leading to an online channel share of 16.9% and 17.4% YTDLike-for-Like order intake Q3 up by 9.5%, resulting in an order book of € 21.9 million (+10.1% vs 30 Sept 2022)New Business sales in Q3 +13.0% vs Q3 2022, leading to YTD sales of € 10.2 million (+6.5%)Continued implementation of strategic plan, with third experience store opening for Q4 2023Recommended all-cas...
Torqx launches recommended all-cash offer for Beter Bed Holding Shares...
Torqx launches recommended all-cash offer for Beter Bed Holding Shares - Acceptance Period starts on 5 October 2023 UPDATE - JOINT PRESS RELEASE This is a joint press release by Beter Bed Holding N.V. ("Beter Bed Holding" or the "Company") and 959 B.V. (the "Offeror"), a company controlled by Torqx Capital Partners B.V. ("Torqx"). This joint press release is issued pursuant to the provisions of Section 4, paragraph 1, Section 10, paragraphs 1 and 3 and Section 18, paragraph 3 of the Dutch Decree on public takeover bids (Besluit openbare biedingen Wft) (the "Decree") in connection with...
Beter Bed Best Webshop of the Netherlands for the 6th time
Beter Bed Best Webshop of the Netherlands for the 6th time Beter Bed, part of Beter Bed Holding N.V. - the Netherlands’ largest sleep specialist in retail, wholesale and B2B - has again won a prestigious retail award. At the ABN AMRO head office in Amsterdam, Beter Bed won the ‘ABN AMRO Best Webshop Award’ in the ‘Bedroom Furnishings’ category. From 11 May to up and including 27 July, 162.000 consumers voted for their favourite webshop and retail chain. This is the sixth time that Beter Bed has been chosen as the best webshop in the Bedroom Furnishings category. Thijs Nootenboom responsi...
Update on intended public offer by Torqx for Beter Bed Holding
Update on intended public offer by Torqx for Beter Bed Holding UPDATE - JOINT PRESS RELEASE This is a joint press release by Beter Bed Holding N.V. ("Beter Bed Holding" or the "Company") and 959 B.V. (the "Offeror"), a company controlled by Torqx Capital Partners B.V. ("Torqx"). This joint press release is issued pursuant to the provisions of Section 7, paragraph 1 sub a of the Dutch Decree on public takeover bids (Besluit openbare biedingen Wft) (the "Decree") in connection with the intended recommended public offer by the Offeror for all the issued and outstanding shares in the capital...
Beter Bed Holding: solid results in H1 2023
Beter Bed Holding: solid results in H1 2023 Beter Bed Holding N.V. (BBH) – the Netherlands’ leading sleep specialist – today announced its results for the second quarter and first half year ended 30 June 2023. Highlights first half 2023 Sales growth of +5.4% to € 118.4 million (H1 2022: € 112.4 million) with gross profit increase of +7.0% to € 65.5 million (H1 2022: € 61.2 million).All subsidiaries contributed positively to the growth, with online sales now at 17.6% channel share.Underlying EBITDA and underlying EBIT of € 18.2 million (H1 2022: € 14.5 million) and € 8.1 million (...
- Fernand de Boer
Beter Bed Holding - Results marginally exceed, coverage dropped
• H1 23 sales were close to our estimates, results marginally exceeded thanks to lower than expected other costs. Order intake and orderbook point to a challenging Q3. • The offer price of EUR 6.10 was clearly above our TP and it is supported by all stakeholders and a large part of the shareholders. Hence, we expect the offer to be successful. Consequently, we drop coverage.
- Jerôme Bodin
ODDO BHF Small & MIDCAP MORNING NEWS - 11/07/2023
Nous abordons les T2 2023 avec un SOX au plus haut (+40% à 17x l’EBITDA vs 13x sur 5 ans). Le point bas des ventes de semiconducteurs a été atteint, selon nous, en avril, mais le rerating nous semble plutôt avoir été tiré par des ‘valeurs IA’, alors que les valeurs Auto/Industrie sont en retard. Retraité des ‘valeurs IA’, le SOX se traite toujours sur un multiple de VE/EBITDA attractif (12x). En Europe, le rerating lié à l’IA a profité aux équipementiers, mais sa traduction en nouvell...
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HO THALES SA
FGA FIGEAC AERO SA
RHM RHEINMETALL AG
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FII LISI SA
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- Jerôme Bodin
ODDO BHF Small & MIDCAP MORNING NEWS - 07/11/2023
We are approaching Q2 2023 with the SOX at a peak (+40% at 17x EBITDA vs 13x over 5 years). In our view, the low point in semiconductor sales was reached in April, but we think the re-rating seems to have been driven notably by ‘AI stocks’, while auto/industry stocks are lagging behind. Restated for AI stocks, the SOX is still trading at an attractive EV/EBITDA multiple (12x). In Europe, the re-rating was beneficial to equipment suppliers, but its translation into new orders will not...
MTX MTU AERO ENGINES AG
HO THALES SA
FGA FIGEAC AERO SA
RHM RHEINMETALL AG
PSM PROSIEBENSAT.1 MEDIA SE
FII LISI SA
BOLS LUCAS BOLS NV
BOSS HUGO BOSS AG
SAF SAFRAN S.A.
AIR AIRBUS SE
LAT LATECOERE SA
BA. BAE SYSTEMS PLC
VLK VAN LANSCHOT KEMPEN NV CERT. OF SHS
OHB OHB AG
BBED BETER BED HOLDING N.V.
LDO LEONARDO SPA
HAG HENSOLDT AG
AERO MONTANA AEROSPACE AG
AM DASSAULT AVIATION
EAPI EUROAPI
- Robert Jan Vos
Beter Bed Holding N.V. : Recommended all-cash offer of € 6.10/share by...
>Torqx is offering a 107% premium over the closing price of last Friday - Monday morning Beter Bed and Torqx announced they reached a conditional agreement on an intended all-cash public offer for all Beter Bed’s outstanding shares for € 6.10/share. Beter Bed’s executive board and supervisory board are supporting the offer. The transaction is supported by Beter Bed’s three largest shareholders (Navitas, Teslin, and De Engh), together holding 44.32% of the shares. At t...
Beter Bed Holding and Torqx agree on recommended all-cash offer of EUR...
Beter Bed Holding and Torqx agree on recommended all-cash offer of EUR 6.10 per share JOINT PRESS RELEASE This is a joint press release by Beter Bed Holding ("Beter Bed Holding", “BBH” or the "Company") and 959 B.V. (the "Offeror"), a company controlled by Torqx Capital Partners ("Torqx"). This joint press release is issued pursuant to the provisions of Section 17, paragraph 1 of the European Market Abuse Regulation (596/2014), as well as Section 4, paragraphs 1 and 3, Section 5, paragraph 1 and Section 7, paragraph 4 of the Netherlands Decree in Public Takeover Bids (Besluit openba...
- Fernand de Boer
Beter Bed Holding - All-cash bid of EUR 6.10 per share
Torqx partners intends to bid EUR 6.10 (cum dividend) in cash for Beter BedThe boards support the bid, 44% of shareholders have irrevocably committedTorqx supports Beter Bed's strategy and commits to keep the company in its current form for 2.5 years, an acceptance level of >80% is required
- Jean-Baptiste Rouphael
- Marc Lavaud
- Oliver Metzger
- Jean-Baptiste Rouphael
- Marc Lavaud
- Oliver Metzger
- Robert Jan Vos
Beter Bed Holding N.V. : H1 2023 not seen to add to the feasibility of...
>Beter Bed set to report H1 2023 results on 21 July - Beter Bed is set to report its H1 2023 results on 21 July at 07:00, and will host an analyst meeting later that morning at 11:00.€ 117m sales, € 5m EBIT and € 3.5m net profit expected in H1 2023 - We forecast sales € 116.9m (+4%) in H1 2023. We note that, apart from two weeks of store closures in January 2022, H1 2023 no longer compares with a base distorted by COVID-19-related measures. Beter Bed’...
NOC*NSF and M line study the effect of sleep on sports performance
NOC*NSF and M line study the effect of sleep on sports performance NOC*NSF and M line, the preferred supplier of mattresses and pillows for TeamNL, our athletes in orange, are stepping up their collaboration. The aim is to maximise the effect of good sleep on sports performance through research and knowledge sharing. In addition, the partnership with M line will be extended through 2026. Since 2016, M line has been TeamNL athletes’ preferred supplier of pillows and mattresses for the Olympic, Paralympic, and Winter Games. Especially at such important events, good sleep is essential for max...
Adoption of all resolutions at AGM Beter Bed Holding N.V.
Adoption of all resolutions at AGM Beter Bed Holding N.V. Beter Bed Holding N.V. (BBH) – the Netherlands’ largest sleep specialist in retail, wholesale and B2B – held its 2023 Annual General Meeting (AGM) today. BBH is pleased to announce that all resolutions were adopted. The AGM presentation as well as the voting results will be published on DividendToday, the AGM declared a dividend of € 0.15 per share for the 2022 financial year. The dividend will be distributed fully in cash. The following schedule will apply to the payment of the dividend: 12 May 2023: ...
- Fehmi Ben Naamane
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