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    BBED   NL0000339703

BETER BED HOLDING N.V.

(BBED)
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Beter Bed Holding introduces Leazzzy: the sleep subscription powered by Beter Bed

09/02/2021 | 01:00am EDT

Beter Bed Holding N.V. (BBH) – the Netherlands’ leading sleep specialist in retail, wholesale and B2B – today announces that Beter Bed, its Benelux brand, introduces a new proposition: Leazzzy, Beter Bed's sleep subscription. This next step in the subscription market is in line with BBH’s strategy to increase its focus on innovations and the development of Sleep-as-a-Service.

Sleep easy, join Leazzzy
With Leazzzy, Beter Bed enters the subscription market. Via a monthly payment method, customers subscribe to a high-quality box spring. With this additional business model, Beter Bed will tap into a new customer segment: customers opting for monthly payment convenience, carefree sleeping, and additional services during the subscription period. Leazzzy will extend the Beter Bed customer base by capturing those customers that prefer not to make a one-off investment, but do value the importance of high-quality sleep.

This innovative concept is brought to market through a new online platform: www.leazzzy.nl. The platform allows customers to find more information about the service, and directly request a box spring lease subscription. Leazzzy is powered by Beter Bed and will therefore be displayed in the Beter Bed stores, and the first can be found in the experience store in Groningen. From the physical store, the customer is guided towards the online platform via a QR code, making optimal use of the power of an omni-channel customer journey.

Subscription and sustainability
The subscription model also provides significant benefits from a sustainability perspective: by including the retrieval and disposal of the product after the subscription period as part of its offering, the possibility for the product to reach the end of its lifetime and consequently ending up as waste is minimised. At the same time this opens up the ability to explore the refurbishment, reuse and recycle possibilities, and guarantee the best possible solution in line with BBH’s CSR strategy.

John Kruijssen, CEO of BBH: “Leazzzy is a subscription model that builds long-term, dynamic customer relations. This allows us to provide additional services to improve the quality of sleep during the subscription period. Leazzzy’s payment convenience ensures that “sleep better, live better” is available in a fitting format for everyone. We are happy to add this proposition to our current offering, as we know the positive impact of a good night’s sleep on people’s health and well-being.”


About Beter Bed Holding

Beter Bed Holding (BBH) is the Netherlands’ leading sleep specialist in retail, wholesale and B2B.

Our mission is simple. We believe that the better we sleep, the happier, healthier and more productive we are. And we won’t rest until everyone gets the high-quality sleep they deserve.

Listed on Euronext Amsterdam, BBH operates the successful retail brands Beter Bed, Beddenreus and the new subscription brand Leazzzy.

In addition, through its subsidiary DBC International, BBH has a wholesale business in branded products in the bedroom furnishings sector, which includes the well-known international brand M line.

With 3 distribution centres, a fleet of 80 vehicles, 134 stores and a fast-growing online presence, our team of over 1,000 dedicated employees served nearly 200,000 customers in 2020, generating over € 200 million in revenue.

Providing expert sleep advice is at the very heart of our strategy, and thanks to our revolutionary Bedmatch tool, our sleep consultants help customers to get the perfect night’s sleep. BBH is proud that M line is the official sleep supplier of AFC Ajax, TeamNL, Jumbo-Visma and the KNVB.


For more information

Press enquiries: Uneke Dekkers / CFF Communications
T +31 (0)20 575 4010 or M +31 (0)6 50261626
E uneke.dekkers@cffcommunications.nl

For the PDF of the press release please click on the link below. Press photos can be downloaded here.

Attachment


© OMX, source GlobeNewswire - EU Press Releases

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Financials
Sales 2021 215 M 250 M 250 M
Net income 2021 8,70 M 10,1 M 10,1 M
Net Debt 2021 13,8 M 16,0 M 16,0 M
P/E ratio 2021 16,7x
Yield 2021 -
Capitalization 150 M 174 M 174 M
EV / Sales 2021 0,76x
EV / Sales 2022 0,64x
Nbr of Employees 859
Free-Float 72,7%
Chart BETER BED HOLDING N.V.
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Beter Bed Holding N.V. Technical Analysis Chart | BBED | NL0000339703 | MarketScreener
Technical analysis trends BETER BED HOLDING N.V.
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 1
Last Close Price 5,51 €
Average target price 10,00 €
Spread / Average Target 81,5%
EPS Revisions
Managers and Directors
John Kruijssen Chief Executive Officer
Gabrielle E. A. Reijnen Chief Financial Officer
Barthold E. Karis Chairman-Supervisory Board
Alain Beyens Member-Supervisory Board
Pieter C. Boone Vice Chairman-Supervisory Board
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