Skip to main content

Beter Bed Holding shows strong 2021 results and resumes dividend payout

Written by Customer Service on . Posted in Earnings Releases And Operating Results.

Today, Beter Bed Holding N.V. (BBH) – the Netherlands’ largest sleep specialist in retail, wholesale and B2B – publishes its results for the full year 2021.

Highlights

  • Growth in revenue and EBITDA leading to a total net profit of € 13.9 million, up 75% compared to € 7.9 million in 2020.
  • Continued strong performance with compound annual growth rate (CAGR) over FY 2019 to FY 2021 of 12.5% in both sales and order intake.
  • Resilience and adaptability resulted in a solid 2.4% overall growth of order intake despite COVID-19 lockdown impact; leading to a record level order book of € 25.3 million (up 10.1% vs. 31 December 2020).
  • Online sales growth of 55.9%; resulting in 23.4% online channel share.
  • Strong performance DBC with year-on-year revenue growth of 54.0%.
  • Successful divestment of Sängjätten for total proceeds of € 4.2 million.
  • 2025 Strategy focused on core business in Benelux and DBC markets with several strategic initiatives launched.
  • Set-up dedicated e-commerce organisation, LUNEXT, to develop all e-commerce propositions.
  • Sustainability strategy based on pillars ‘promise, product, people’ now fully integrated in ‘Sleep better, live better’ purpose.
  • Significant improvement financial position as a result of operational performance, repayment perpetual loan positively offset by the issuance of 946,167 ordinary shares and new three year financing agreement.
  • No Dutch COVID-19 governmental support measures used (NOW and TVL) and no deferred tax obligations per year-end. 
  • Strong cash position at year-end 2021 of € 38.0 million (€ 19.3 million at year-end 2020).
  • Proposed cash dividend of € 0.15 per ordinary share for the financial year 2021 (pay-out ratio 32%), in line with revised dividend policy.
  • Outlook 2022: based on a strong start of 2022, with order intake well above pre-COVID levels, BBH expects a further increase of revenues with a stable gross margin.

 

For the full version of the press release please click on the link below. Press photos can be downloaded here.

Attachment

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Cookie Notice

We use cookies to improve your experience on our website

Information we collect about your use of Goldea Capital website

Goldea Capital website collects personal data about visitors to its website.

When someone visits our websites, we use a third party service, Google Analytics, to collect standard internet log information (such as IP address and type of browser they’re using) and details of visitor behavior patterns. We do this to allow us to keep track of the number of visitors to the various parts of the sites and understand how our website is used. We do not make any attempt to find out the identities or nature of those visiting our websites. We won’t share your information with any other organizations for marketing, market research or commercial purposes and we don’t pass on your details to other websites.

Use of cookies
Cookies are small text files that are placed on your computer or other device by websites that you visit. They are widely used to make websites work, or work more efficiently, as well as to provide information to the owners of the site.