Beter Bed Holding reports third quarter 2022 trading update

21 October 2022

Results impacted by hot summer weather and uncertain economic climate, market share increased by 9.6%

Highlights

  • Q3 sales amounted to € 54.4 million (-3.7% vs Q3 2021; +4.7% vs Q2 2022), resulting in YTD sales of € 166.7 million (+8.5%)
  • Online sales up 4.5% in Q3 (vs Q3 2021), leading to a channel share of 17.2% and YTD channel share of 18.9%
  • Like-for-Like order intake Q3 down by 10.0%, mainly due to strong comparison base during COVID, soft weather and uncertain economic outlook, resulting in an increased order book of € 19.9 million (+2.7% vs 30 June 2022)
  • 9.6% increase in market share and double digit NPS growth compared to last year underpin significant outperformance
  • Strategic plan 2025 well underway with multiple commercial initiatives launched
  • Financing facility increased to € 30 million (with Rabobank joining ABN AMRO) to support further implementation of strategic plan and pursue potential opportunities

Download the full press release:

Download icon20221021 Beter Bed Holding Q3 2022 Trading update (267.0kb)