Beter Bed Holding achieves strong sales growth at stable gross margin and an increased market share in 2022
10 March 2023
Today, Beter Bed Holding N.V. (BBH) – the Netherlands’ largest sleep specialist in retail, wholesale and B2B – publishes its results for the full year 2022.
Highlights
- Sales growth of +7.1% to € 229.4 million (2021: € 214.2 million) with gross profit increase of +7.0% to € 126.4 million at stable gross margin of 55.1%
- Continued strong performance with Compound Annual Growth Rate (CAGR) over FY2019 to FY2022 of +10.7% in sales and +10.1% in order intake
- Underlying EBITDA and underlying EBIT of € 30.7 million (2021: € 32.8 million) and € 10.6 million (2021:€ 14.5 million) respectively
- Order book at € 23.1 million (+16.2% compared with 30 September 2022)
- Strong cash position at year-end 2022 of € 37.7 million (€ 38.0 million at year-end 2021) and financing facilities of € 30 million to support further implementation of strategic plan and the pursuit of potential growth opportunities
- Proposed cash dividend of € 0.15 per ordinary share for the financial year 2022
- Accelerated rollout of strategic agenda and well on track to reach 2025 targets
- Outlook 2023: based on the strong start of 2023, BBH expects a further increase of revenues with gross margin anticipated to be in line with the gross margin over 2022
Download the full press release:
20230310 Annual results 2022 BBH (222.1kb)