Trading update Q3 2015: operating profit rises by 21.9% to € 7.5 million
Uden, The Netherlands, 30 October 2015
Third quarter
- Net revenue increased by 0.8% to € 96.4 million (like-for-like: +2.4%).
- Gross profit rose by 0.6% to 56.6% (underlying margin increased by 1.5% when adjusted for costs of free deliveries).
- Expenses decreased by 0.7% to € 47.1 million.
- EBIT rose by 21.9% to € 7.5 million (Q3 2014: € 6.1 million).
First nine months
- Net revenue increased by 6.9% to € 282.5 million (like-for-like: +6.6%).
- Gross profit decreased by 0.2% to 56.6% (underlying margin increased by 0.5%).
- Expenses increased by 3.1% to € 141.8 million.
- EBIT rose by 44.2% to € 18.0 million (Q3 2014: € 12.5 million).
Revenue of Beter Bed Holding increased by 0.8% to € 96.4 million. The underlying growth in revenue amounted to 1.9%. This is due to the fact that last year approximately € 1 million in orders were shifted from the second to the third quarter due to problems with suppliers. The total like-forlike growth in revenue amounted to +2.4% despite the strong comparative basis of 12.6% in 2014.
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