Beter Bed: First signs of recovery despite lower revenue
Uden, The Netherlands, 16 May 2014
- Net revenue in Q1 2014 falls by 5.9% to € 92.7 million (like-for-like: -4.1%).
- Gross profit increases by 0.5% to 56.9% also due to improved purchasing conditions.
- Operating expenses decrease by 2.5% to € 46.4 million.
- EBIT falls by 20.5% to € 6.4 million.
- Net total of 11 store closures; store base decreased by 4.1%.
- Start refined positioning and promotions in all countries.
Revenue fell by 5.9% to € 92.7 million in the first quarter of 2014. Revenue at comparable stores decreased by 4.1% in the first quarter of 2014.
Dowload full press release:
20140516 Trading update Q1 2014 (0.66Mb)