Beter Bed revenue under pressure in 2013
Uden, the Netherlands, 14 March 2014
- 2013 net revenue fell by 10% to € 357.4 million (2012: € 397.3 million).
- Gross profit rose to 56.9% (2012: 56.3%).
- Non-recurring expenses mainly for streamlining the Benelux formula portfolio and store closures in Spain amounted to € 7.4 million.
- 2013 net profit including non-recurring expenses and write-downs fell by 43.1% to € 8.2 million (2012: € 14.4 million); earnings per share stood at € 0.38 (2012: € 0.67).
- Normalised net profit in 2013 (excluding non-recurring expenses) decreased by 36.8% to € 14.0 million (2012: € 22.2 million); normalised earnings per share stood at € 0.65 (2012: € 1.02).
- Dividend proposal: € 0.27 per share, payout ratio of 72%.
Download full press release:
20140314 Annual results 2013 (0.76Mb)