Beter Bed Holding: solid results in H1 2023
21 July 2023
Beter Bed Holding N.V. (BBH) – the Netherlands’ leading sleep specialist – today announcedits results for the second quarter and first half year ended 30 June 2023.
Highlights first half 2023
- Sales growth of +5.4% to € 118.4 million (H1 2022: € 112.4 million) with gross profit increase of +7.0% to € 65.5 million (H1 2022: € 61.2 million).
- All subsidiaries contributed positively to the growth, with online sales now at 17.6% channel share.
- Underlying EBITDA and underlying EBIT of € 18.2 million (H1 2022: € 14.5 million) and € 8.1 million (H1 2022: € 4.4 million) respectively, showing a +25.8% and +82.5% increase.
- Order book at € 16.6 million (compared with € 19.4 million at 30 June 2022).
- Obtained 50% stake in Bovelli's production and real estate entities, allowing further vertical integration in supply chain.
- On 10 July, agreement was reached with Torqx on all-cash public offer for all issued and outstanding BBH shares at € 6.10 per share, a 107% premium to closing price on 7 July 2023, valuing 100% of the shares of the Company at € 168 million.
Download the full press release:
20230721 Beter Bed Holding 2023 H1 results. (234.2kb)