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SLEEPZ AG — Major Shareholding Notification 2015
Oct 13, 2015
5817_rns_2015-10-13_2adc8f71-abc5-4ca2-86f2-8d68c754f751.html
Major Shareholding Notification
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News Details
Corporate | 13 October 2015 11:00
bmp Holding AG raises its stake in sleepz GmbH
DGAP-News: bmp Holding AG / Key word(s): Investment
2015-10-13 / 11:00
bmp Holding AG raises its stake in sleepz GmbH
bmp Holding AG (ISIN DE0003304200) has reported that it has acquired an additional stake of 7.35% in sleepz GmbH . Once the purchase agreement has been reached, bmp will hold 60.08% of shares in sleepz. The parties have agreed not to disclose the purchase price.
Oliver Borrmann, member of the Executive Board of bmp Holding AG, said, “ Since we acquired a majority stake in sleepz, it has continued to develop successfully although growth has been falling short of our expectations due to the focus on higher margin products since September. From a current perspective, we assume that sleepz will add pro rata revenue of at least EUR 4 million to group revenue for 2015 after consolidation on 1 May 2015.
In April this year, bmp acquired the majority of sleepz GmbH. The company operates a number of online shops at www.perfekt-schlafen.de and www.matratzendiscount.de and has acquired a strong market position as an online merchant in the sleep products segment in Germany within a short period of time.
Increasing the stake, which has now been completed, is another step towards establishing bmp Holding AG as one of the leading e-commerce groups in the segment of living/sleep products. In the process, bmp is utilising a buy and build strategy which entails plans to make further acquisitions and establish subsidiaries. Meanwhile, bmp has founded a wholly owned subsidiary (Grafenfels Manufaktur GmbH) to develop its own mattress brand.
Oliver Borrmann further explained, “ With the increase in health awareness, good sleep has become a key issue and the demand for top-quality mattresses has increased. We have therefore developed a premium product portfolio of top-quality mattresses which is expected to be distributed under the company’s own brand name, i.e.”Grafenfels”.”
As a result of sleepz’ weaker growth and Grafenfels’ delayed market launch, which was put back by approximately two months, we now anticipate whole-year revenue in the EUR 4-4.5 million range. A potential further acquisition in 2015 could result to correcting this estimate upwards.
About bmp Holding:
bmp Holding AG ( www.bmp-holding.de ) is an e-commerce group focussing on the segment of living/sleep products.
With online shops such as www.perfekt-schlafen.de and www.matratzendiscount.de , the bmp Group is one of the fastest-growing online retailers in the sleep products segment in Germany. The Group currently has a total of 30 employees.
For further information
bmp Holding AG
Corinna Riewe
Tel.: +49-30-20 30 5 567
Schlüterstraße 38, 10629 Berlin
This Corporate News is neither an offer nor a request to submit an offer for the sale of securities – specifically not in the US or other countries or jurisdictions in which an offer or request to submit an offer for the purchase or sale would be illegal without prior registration or permission under the relevant securities guidelines.
This Corporate News is neither an offer to sell registered bearer shares nor a request to submit an offer to buy the registered shares; it is merely for information purposes.
2015-10-13 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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| Language: | English |
| Company: | bmp Holding AG |
| Schlüterstraße 38 | |
| 10629 Berlin | |
| Germany | |
| Phone: | +49 (0)30 20 305-0 |
| Fax: | +49 (0)30 20 305-555 |
| E-mail: | [email protected] |
| Internet: | www.bmp-holding.de |
| ISIN: | DE0003304200 |
| WKN: | 330420 |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart; Warschau |
| End of News | DGAP News Service |
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| 402091 2015-10-13 |