Results third quarter 2011
Beter Bed: net profit rises by more than 17% in third quarter
Third quarter:
- Third-quarter revenue increases by 10.2% to € 103.6 million.
- Net profit rises by 17.4% to € 7.2 million in third quarter (2010: € 6.2 million).
First nine months:
- Revenue through the third quarter of 2011 grows by 6.2% to € 289.1 million (9M 2010: € 272.1 million).
- Net profit in first nine months increases by 11.5% to € 17.9 million (9M 2010: € 16.0 million).
- Expansion policy continues unabated: net total of 50 stores opened in first nine months.
- Interim dividend of € 0.47 per share (2010: € 0.47).
Beter Bed Holding N.V. realised net profit of € 7.2 million in the third quarter of 2011 (Q3 2010: € 6.2 million) with revenue of € 103.6 million (2010: € 94.0 million). Third-quarter net profit of at least € 6.8 million was still forecast at the time of the publication of the 2011 interim figures in August. The activities in Germany made an above-average contribution to the company's improvement in revenue and profit in the third quarter.
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