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Beter Bed Holding N.V. — Earnings Release 2013
Oct 11, 2013
3820_iss_2013-10-11_4ae41090-237e-4c81-bf01-8e9e96a2e02d.pdf
Earnings Release
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PRESS RELEASE
Uden, The Netherlands, 11 October 2013
Beter Bed: lower profit in third quarter 2013 due to lower revenue in Germany
Revenue in Germany in September 2013 turned out to be worse than expected. Beter Bed Holding N.V.'s operating profit in the third quarter will consequently be lower than the amount indicated in the press release published on 30 August 2013. Operating profit for the third quarter of 2013 is now expected to decrease by more than 40% compared to the comparable quarter of 2012.
Fewer visitors reflect the current, low propensity to buy in Germany with respect to items including furniture, mattresses and beds, jewellery, books and household appliances. We do not foresee any improvement in this trend for the time being.
Beter Bed Holding N.V. will publish its definitive figures for the third quarter of 2013 on 1 November 2013.
Profile
Beter Bed Holding operates in the European bedroom furnishings market. Its activities include retail trade through a total of 1,183 stores at the end of September 2013 that operate via the chains Beter Bed (active in the Netherlands and Belgium), Matratzen Concord (active in Germany, Switzerland, Austria, the Netherlands and Belgium), El Gigante del Colchón (active in Spain), BeddenREUS and Slaapgenoten (both active in the Netherlands) and Schlafberater.com (active in Germany). Beter Bed Holding is also active in the field of developing and wholesaling branded products in the bedroom furnishing sector in the Netherlands, Germany, Belgium, Spain, Austria, Switzerland, Turkey and the United Kingdom via its subsidiary DBC International. Beter Bed Holding N.V. achieved net revenue of € 397.3 million in 2012. 65% of the group's net revenue is realised outside the Netherlands. The company has been listed on the NYSE Euronext Amsterdam since 1996 and is included in the Amsterdam Small Cap Index.
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For more information:
Ton Anbeek Bart Koops Chief Executive Officer Chief Financial Officer +31 (0)413 338819 +31 (0)413 338819 +31 (0)6 53662838 +31 (0)6 46761405 [email protected] [email protected]