Beter Bed Holding: German consumers remain reticent

Uden, The Netherlands, 8 December 2017

As already communicated on 3 November of this year in our press release, in which we provided information on supplier-related issues, a reduced propensity to buy has been manifest in the entire mattress market in Germany since the beginning of the fourth quarter. Although the marketing measures taken recently have reversed the trend of declining numbers of visitors, the latter have not yet returned to their former levels. Partly as a result of these developments, EBITDA for 2017 is expected to decrease significantly compared with EBITDA for 2016 (€ 37.5 million).

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