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.
For more information:
__________________________________________________________________________
Ton Anbeek                                       Bart Koops
Chief Executive Officer                            Chief Financial Officer
+31 (0)413 338819Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â +31 (0)413 338819
+31 (0)6 53662838Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â +31 (0)6 46761405
ton.anbeek@beterbed.nl                               bart.koops@beterbed.nl
Please click on the link below for the PDF file of the press release.
press release 11-10-2013:
http://hugin.info/132850/R/1734850/581153.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Beter Bed Holding NV via Thomson Reuters ONE
[HUG#1734850]