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Beter Bed News



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Friday August 24 2001
Net profit Beter Bed H1 2001 EUR 5.5. mln
Beter Bed generated turnover of EUR 116 mln in the first half of 2001 (first half of 2000: EUR 112 mln). Total organic sales grew by some 13% compared with the first six months in 2000 after adjustment for the sale of Beter Baby and the franchising of DormaČl. This increased turnover is chiefly attributable to the restructuring of Beter Bed in the Netherlands and the expansion of Matratzen Concord.

Friday March 9 2001
Net profit Beter Bed 2000 EUR 6.6 mln
Beter Bed Holding achieved operating profit of EUR 21.2 mln for 2000, almost identical to that recorded in 1999 (Eur 22.1 million). Net turnover for 2000 amounted to Eur 226.3 million, an increase of 9% on 1999 (Eur 207.2 million). Profit on ordinary activities amounted to Eur 11.6 million, a fall of 9.1% on 1999 (Eur 12.7 million).

Thursday November 16 2000
Frans Geelen to be new chairman of board of directors of Beter Bed
The Supervisory Board of Beter Bed Holding N.V. intends to appoint Mr F.J.H Geelen (45) as Chairman of the Board of Directors of Beter Bed Holding N.V. with effect from 1 January 2001. Mr M.J.A.M. Diks for membership of the Supervisory Board of Beter Bed Holding with effect from the same date. The intended appointments will be submitted to the General Meeting of Shareholders and the Works Council for their approval in accordance with the Articles of Association and statutory rules.

Thursday October 19 2000
Beter bed bed to close its MDF plant in Uden
In view of the sharp decline in the demand for MDF products in the market for bedroom furniture and the need for flexible product ranges in the Beter Bed stores, the Board of Directors of Beter Bed Holding has decided to close the company's plant in Uden at the end of 2000. A social plan will be developed for the staff. The plan will also include options for transfer to other parts of the Beter Bed organisation and professional outplacement support.

Monday October 9 2000
Beter Bed to restructure its logistics operations
The downward trend in turnover of Beter Bed in the Netherlands which began in August 2000 continued in September and October 2000, so that the Board of Directors currently assumes that consumer demand during the remainder of the year will be low. As a result, the profit on ordinary activities is expected to be approximately the same as in 1999.

Thursday August 24 2000
Beter Bed H1 net profit up 17%
Beter Bed reported on Thursday net profit for the first-half of 2000 increased 17% to NLG 15.4 mln, compared with net profit of NLG 13.2 mln the company booked in the comparible period of 1999. Turnover increased 17% from NLG 211.2 mln to NLG 246.9 mln. Operating income increased 20% from NLG 23.1 mln to NLG 27.7 mln. Earnings per share for the first-half of 2000 increased 14% to NLG 1.99, compared with earnings per share of NLG 1.74 for the first-half of 1999.

Wednesday August 16 2000
Blokker buys 15% of Beter Bed
The Blokker family has bought a 14.3% stake in Beter Bed. The family, which owns the Blokker retail group, paid two Anglo-Saxon investors some NLG 70 mln for the stake through iits investment company Breedinvest, Breedinvest's financial director said. Blokker made the purchase due to its interest in the retail trade and its confidence in the company itself, it said. It does not plan to further raise its stake or to use its power to influence Beter Bed, it said.

Thursday March 9 2000
Beter Bed net profit up 61%
Beter Bed reported on Thursday net profit for 1999 increased 61% to NLG 28.1 mln, compared with net profit of NLG 17.5 mln the company booked in the comparible period of 1998. Turnover doubled from NLG 239.6 mln to NLG 456.6 mln. Turnover growth was also due to the takeover of German company Matratzen Concord, which booked annual sales of almost EUR 70 mln.

Thursday March 11 1999
Beter Bed net profit up 18%
Beter Bed reported on Thursday net profit for 1998 increased 18% to NLG 17.5 mln, compared with net profit of NLG 14.8 mln the company booked in the comparible period of 1997. Turnover increased 25% from NLG 191.6 mln to NLG 239.6 mln. Operating income increased 14% from NLG 24.7 mln to NLG 28.1 mln. Earnings per share for 1998 increased 17% to NLG 2.70, compared with earnings per share of NLG 2.30 for 1997.

Friday February 5 1999
Beter Bed issue price NLG 30
The issue price of Beter Bed shares was set at NLG 30 per share on Friday. The secondary placement of one million shares and the issue of 100,000 new shares yielded the company NLG 33 mln. The proceeds will be used to refinance the recent acquisition of Matratzen Concord. Subscriptions closed on Thursday. 85% of the shares went to institutional investors and 15% to private investors.

Thursday January 28 1999
Beter Bed re-issues shares
ABN Amro Bank is to re-issue one million shares of Beter Bed. Last year the shares were temporarily entrusted to the bank. In addition, Beter Bed will retain the option of placing an extra 200,000 shares. The placement of one million shares is valued at an estimated NLG 60 mln, while the issue of an additional 200,000 shares could yield Beter Bed an extra NLG 12 mln. The proceeds will be used to finance the takeover of Matratzen Concord, acquired last year for over NLG 100 mln.

Monday December 28 1998
Beter Bed acquires German Matratzen
Beter Bed Holding is to take over German bedroom furnishings chain Matratzen Concord. Matratzen Concord is market leader in Germany with annual turnover of NLG 145 mln and 240 outlets. Pre-tax profit is expected to total some NLG 15.5 mln this year. The chain also has six stores in Austria and one each in Switzerland and the Netherlands.

Thursday August 27 1998
Beter Bed H1 net profit up 28%
Beter Bed reported on Thursday net profit for the first-half of 1998 increased 28% to NLG 9.1 mln, compared with net profit of NLG 7.1 mln the company booked in the comparible period of 1997. Turnover increased 37% from NLG 86.2 mln to NLG 117.8 mln. Operating income increased 27% from NLG 11.6 mln to NLG 14.7 mln. Earnings per share for the first-half of 1998 increased 27% to NLG 1.40, compared with earnings per share of NLG 1.10 for the first-half of 1997.

Tuesday June 2 1998
Beter Bed founders reduce stake to 18%
The brothers Mark and Pieter Diks, founders and directors of Beter Bed, have further reduced their stake in the company from 27% to 18%. The move is believed to have generated some NLG 40 mln. The reason for the divestment is unknown.

Thursday March 5 1998
Beter Bed reports net profit up 32%
Beter Bed reports net profit for 1997 increased with 32% to NLG 14.8 mln, compared with the net profit of NLG 11.2 mln for 1996. Turnover increased with 32% from NLG 145.3 mln to NLG 191.5 mln. Operating result rose with 29% to NLG 24.7 mln, compared with NLG 19.1 mln for 1996. Earnings per share increased from NLG 1.86 to NLG 2.30.

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