Beter Bed Holding announces AGM and provides update on current developments – good start to the year 2022
30 März 2022 - 7:00AM
Beter Bed Holding announces AGM and provides update on current
developments – good start to the year 2022
Today, Beter Bed Holding N.V. (BBH) – the
Netherlands’ largest sleep specialist in retail, wholesale and B2B
– has published the notice and agenda for its Annual General
Meeting (AGM) to be held on Wednesday, 11 May 2022. Further
information on the AGM is available on the company’s website
www.beterbedholding.com.
During the AGM, BBH will look back on the
results achieved over 2021, and update the shareholders on the
current developments. 2021 began and concluded with temporary store
closures, however the impact has been managed in the remainder of
the year and BBH has been able to show growth in sales, EBITDA,
EBIT and net profit for the 2021 financial year. This put the
Company in a strong starting position for 2022.
John Kruijssen, CEO,
comments: "I am proud of how our organisation performed in
2021. Through the pandemic, we were always open for business – even
with our stores closed – successfully connecting with people in new
ways, and serving our growing customer base with our innovative
range of sleep solutions.
The strategic developments in 2021 contributed
to our strong financial results, reflecting the underlying strength
of our strategic transformation and putting us in a good starting
position for 2022. Our company is in good commercial and financial
shape. As a result of our solid financial position and strong
results, we will propose a dividend payout of € 0.15 per ordinary
share at the AGM, a strong signal of confidence in our future.
We are set to ramp up investments in accordance
with our 2025 Strategy and continue to build on our 'Sleep better,
live better' purpose, with the aim to attain our ambitious growth
targets.”
Update first quarter
2022Despite the mandatory store closures for the first two
weeks of 2022 in the Netherlands, which has already started in the
second half of December 2021, BBH started the year strongly. Year
to date we show a solid performance. Currently, all stores are open
without COVID-19 restrictions and order intake is well above
pre-COVID level.
Although measures have eased, COVID-19 is still
present: it limits availability of staff, commodity prices are high
and supply chain issues persist. We are closely monitoring recent
developments in Europe, which could have an impact on the global
economy. Our thoughts go out to the people in Ukraine. At present,
we see limited impact in our supply chain, but we continue to be in
close contact with our partners, have re-addressed certain
commodity sources, and deliberately maintain safety stock levels to
minimise potential impact on deliveries to our customers. We
anticipate that the current disruptions will take some time to
normalise and we continue to retain focus on cost control,
disciplined capital spend and strict cash flow management.
Despite this turbulent environment, the
implementation of our 2025 Strategy is in full swing and the
Company is in a good shape. We will further increase our CAPEX in
2022 to attain our ambitious growth targets towards 2025.
Further updateBBH will publish
its Q1 trading update on 22 April 2022.
About Beter
Bed HoldingBeter Bed Holding
(BBH) is the Netherlands’ leading sleep specialist in retail,
wholesale and B2B.
Our mission is simple. We believe that the
better we sleep, the happier,
healthier and more
productive we are. And we won’t rest until
everyone gets the high-quality sleep they deserve.
Listed on Euronext Amsterdam, BBH operates the
successful retail brands Beter Bed, Beddenreus, the new
subscription brand Leazzzy and the digital organisation LUNEXT. In
addition, through its subsidiary DBC International, BBH has a
wholesale business in branded products in the bedroom furnishings
sector, which includes the well-known international brand M
line.
With 4 distribution centres, a fleet of 80
vehicles, 134 stores, a fast-growing online presence, and a
wholesale company our team of over 1,000 dedicated employees
generated € 214.2 million revenue in 2021.
Providing expert sleep advice is at the very
heart of our strategy, and thanks to our revolutionary ‘Beter
Slapen ID’ tool, our sleep consultants help customers to get the
perfect night’s sleep. BBH is proud that M line is the official
sleep supplier of AFC Ajax, TeamNL, Jumbo-Visma,
NOC*NSF and the KNVB.
For more informationPress
enquiries: Uneke Dekkers / CFF CommunicationsT +31 (0)20 575 4010
or M +31 (0)6 50261626E uneke.dekkers@cffcommunications.nl
For the Pdf version of the press release
please click on the link below. Press photos can be
downloaded here.
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