Sleeping specialist Beter Bed has had an incredible fourth quarter growth, with turnover up several percent and an even larger full-year growth, in all markets.
Small German drop
Beter Bed’s turnover grew 3.4 % in the fourth quarter, up to 102.9 million euro, with a 2.2 % like-for-like turnover increase. Dutch growth even reached 7 %, with a like-for-like turnover growth of 17.7 %.
Austria (+ 30.2 %), Switzerland (+ 13.8 %), Spain (+ 4.5 %) and Belgium (+ 17.2 %) have also all achieved turnover growth, although the massive growth in Austria is because it acquired the Bettenmax chain.
The one market that failed to follow suit in the fourth quarter, is Germany with a 1.6 % turnover drop and a 3.6 % like-for-like turnover drop. According to Beter Bed, that is mainly because it had to compare to a huge like-for-like turnover increase in the year before (+ 11.5 %). For its full fiscal year, German turnover grew 4.5 % (+ 3.8 % on a like-for-like basis).
Year-on-year turnover up nearly 6 %
This nice turnover growth helped boost its 4th quarter EBITDA 21.3 % to 15.5 million euro, while its EBIT grew 20.2 % to 12.7 million euro.
Beter Bed’s turnover grew 5.9 % to 385.4 million euro in its full fiscal year, while the like-for-like turnover growth also reached 5.4 %. There was growth in every single market, even on a like-for-like basis. For its full year, Beter Bed expects a 41.1 million euro EBITDA, which is a 31.4 % increase, but its full numbers will not be published until 11 March.
