Beter Bed Holding N.V.
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Publicatie datum
30 aug 2012 - 08:13
Statutaire naam
Beter Bed Holding N.V.
Titel
Beter Bed posts lower profit as revenue rises for first half of 2012
Bericht
Revenue up 5.8% to € 196.3 million (first half 2011: € 185.5 million)
German revenue up 9.9%; Dutch revenue down 1.5%
Gross profit as a percentage of revenue in line with same period last year
Operating profit: € 12.9 million (first half 2011: € 14.3 million)
Net profit: € 9.1 million (first half 2011: € 10.6 million)
Beter Bed Holding N.V. posted net profit of € 9.1 million for the first six months of 2012 - down 14.0% from the same period last year (first half 2011: € 10.6 million). Net profit for the second quarter of 2012 dropped by € 1.4 million to € 0.2 million.
Key half-year figures
(in millions of € unless stated otherwise) 2012 H1 2011 H1 Change
Revenue 196.3 185.5 5.8%
Gross profit (%) 55.8 55.9
EBIT 12.9 14.3 (9.9%)
Net profit 9.1 10.6 (14.0%)
Earnings per share (in € ) 0.42 0.49 (14.3%)
Operating cash flow 10.3 7.0 47.1%
30-6-2012 30-6-2011
Solvency (%) 50.6 53.7
Ton Anbeek, Chief Executive Officer:
'We've witnessed increasingly cautious consumer behaviour in virtually all our markets, triggered by the continuing economic uncertainty across Europe. During the first half of 2012 this resulted in a lower number of visitors and lower visitor expenditure, especially in the Netherlands and Spain. Fortunately, the German market has been bucking this trend. Revenue at our German stores increased by almost 10% during the first half of 2012, with revenue at comparable stores increasing by 5%. At our Dutch stores, the 7% increase in the number of stores was unable to fully offset the 5% decline in revenue at comparable stores. The 18% drop in revenue at comparable stores in the Spanish market prompted to a number of changes in the organisation and the store base. Despite the lower prices caused by negative sentiment in Spain, the Netherlands and other countries, we have managed to maintain total gross profit at virtually the same level as 2011. In addition, we have also again gained market share in all markets and have opened yet more new
Datum laatste update: 01 september 2024