Annual results 2015



ANNUAL

RESULTS 2015

PROFILE



2 ANNUAL RESULTS 2015‌

Beter Bed Holding is a European retail organisation that strives to offer its customers a comfortable and healthy night's rest every night at an affordable price. The company does this via stores and its own webshops through the formulas:


  • Matratzen Concord, located in Germany, Switzerland and Austria.

  • Beter Bed, located in the Netherlands and Belgium.

  • Beddenreus, located in the Netherlands.

  • El Gigante del Colchón, located in Spain.

  • Literie Concorde, located in France.


    The retail formulas ensure products of good quality, offer better advice to customers than their competitors and always offer the best possible deal. Beter Bed Holding is also active as a wholesaler of branded products in the bedroom furnishing sector via its subsidiary DBC International. The international brand M Line is sold in the Netherlands, Germany, Belgium, Austria, Switzerland, Spain and France.


    In 2015, the company achieved net revenue of € 385.4 million with a total of 1,159 stores. 70.1% of this figure was realised outside the Netherlands.


    Beter Bed Holding N.V. has been listed on the Euronext Amsterdam since December 1996 and its shares (BBED NL0000339703) have been included in the AScX Index.


    For more information please visit www.beterbedholding.com.


    CONTENTS


    Press release

    Profile 2

    Press release 4

    Consolidated balance sheet 9

    Consolidated profit and loss account 10

    Consolidated cash flow statement 11

    Consolidated statement of comprehensive income 12

    Consolidated statement of changes in equity 13


    ANNUAL RESULTS 2015 3

    PRESS RELEASE


    Uden, the Netherlands, 11 March 2016‌


    Beter Bed again achieves higher revenue and profit in 2015


    • Net revenue rose by 5.9% to € 385.4 million.
    • Gross profit increased to 57.7% (2014: 57.3%).
    • EBITDA up 31.4% to € 41.1 million (2014: € 31.3 million).
    • Operating profit up 33.2% to € 30.7 million (2014: € 23.0 million).
    • Net profit amounted to € 22.6 million (2014: € 16.9 million).
    • Dividend proposal: € 0.87 per share, pay-out ratio of 85%.


Key figures for the year

(in millions of € unless stated otherwise)


2015

2014

Change

Revenue

385.4

364.0

5.9%

Gross profit (%)

57.7

57.3

EBITDA

41.1

31.3

31.4%

EBIT

30.7

23.0

33.2%


Net profit


22.6


16.9


33.8%


Earnings per share (in €)


1.03


0.77


33.2%

Proposed dividend (in €)

0.87

0.65

Pay-out ratio (in %)

85

85


31-12-2015


31-12-2014

Solvency (%)

57.5

58.6


Ton Anbeek, Chief Executive Officer

'The company's organic (like-for-like) growth continued to increase in 2015. The first half of 2015 in Germany and Austria in particular as well as the sharply increasing growth in the Benelux contributed significantly to this. Beter Bed Holding was able to further improve its market position in almost all countries. In 2015, the new strategy 2016-2020 ('From Good to Great') was developed in order to strengthen the attraction power and transaction power of the various formulas in the coming years. The spearheads of this strategy are customer satisfaction, innovation, omnichannel e-commerce, IT systems, logistics, expansion and acquisitions.


4 ANNUAL RESULTS 2015

Beter Bed Holding NV issued this content on 11 March 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 29 March 2016 09:27:07 UTC

Original Document: http://www.beterbedholding.com/downloadattachment.aspx?intLSAttSetId=2754