Despite the fact that Dutch Beter Bed Holding saw its turnover grow 6.7 % in the first half of 2017, its net turnover dropped more than 11 % to 7.5 million euro.
+ 34 % in Belgium
Turnover grew from 196.7 to 209.8 million euro in the past six months and EBITDA also advanced slightly, from 17.1 to 17.5 million euro. Beter Bed says its net profit dropped because of new fiscal legislation in Germany. It did publish growth in every country except for Austria. Belgium (+ 34.2 %) and France (+ 23.3 %) were the best performers, while the Netherlands also grew 9.3 %.
“All things considered, we are happy about the turnover’s development and the result over the first six months of 2017, partially because of the company’s growth in two important markets. Beter Bed has taken full advantage of the increased customer’s trust and desire to acquire in the Netherlands, both of which are still very high”, chairman Ton Anbeek said. “Germany also displayed improved turnover development in the first half of 2017. Sängjätten’s reintroduction in Sweden, followed by an entire product range innovation, has also had a very successful effect on like-for-like turnover development.”
The company now has fewer stores (1,194) than it did at the end of 2016 (1,206), with 36 closed and 24 new stores. It mainly altered a lot in Germany: it shut down 22 stores and opened another eleven.
