Sleep better, live better

H1 2023 Results

Agenda

H1 2023 Business

John Kruijssen

H1 2023 Financials

Gabrielle Reijnen

Q&A

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Disclaimer

Some statements included in this report contain forward-looking statements. These statements may relate to or may affect future matters concerning future results, strategies or business plans, but may also include the impact of regulatory initiatives on the operation of BBH. Forward-looking statements may, without limitation, include words like "believes", "intends to", "expects", "anticipates", "will", "may", "could", "should", "intends", "estimate", "plan", "goal", "target", "aim", "remain confident" or expressions similar to those. These forward-looking statements rely on a number of assumptions concerning future events and are subject to uncertainties and other factors, many of which are outside the control of BBH and that could cause actual results to differ materially from such statements. A number of these factors are described (not exhaustively) in the 2022 Annual Report. All forward-looking statements and ambitions stated in this press release that refer to a growth or decline, refer to such growth or decline relative to the situation per 30 June 2023, unless stated otherwise.

This press release contains information that qualifies as inside information in the sense of Article 7 paragraph 1 of the EU Market Abuse Regulation.

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Solid results in H1 2023

Sales growth of +5.4% to € 118.4 million (H1 2022: € 112.4 million) with gross profit increase of +7.0% to € 65.5 million (H1 2022: € 61.2 million).

All subsidiaries contributed positively to the growth, with online sales now at 17.6% channel share.

Underlying EBITDA and underlying EBIT of € 18.2 million (H1 2022: € 14.5 million) and € 8.1 million (H1 2022: € 4.4 million) respectively,

showing a +25.8% and +82.5% increase.

Order book at € 16.6 million (compared with € 19.4 million at 30 June 2022).

Obtained 50% stake in Bovelli's production and real estate entities, allowing further vertical integration in supply chain.

On 10 July, agreement was reached with Torqx on all-cash public offer for all issued and outstanding BBH shares at € 6.10 per share, a 107% premium to closing price on 7 July 2023, valuing 100% of the shares of the company at € 168 million.

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Our strategic avenues for growth

Scalable Backbone

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Disclaimer

Beter Bed Holding NV published this content on 21 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 July 2023 11:09:05 UTC.