Eve Sleep plc: Trading update (1256799)
13 Diciembre 2021 - 01:00AM
UK Regulatory
Eve Sleep plc (EVE) Eve Sleep plc: Trading update 13-Dec-2021 /
07:00 GMT/BST Dissemination of a Regulatory Announcement,
transmitted by EQS Group. The issuer is solely responsible for the
content of this announcement.
-----------------------------------------------------------------------------------------------------------------------
Trading update
Healthy Black Friday and initial Christmas trading, supply
chains solid, in-line with full year expectations
eve Sleep ("eve", the "Company"), the direct to consumer sleep
wellness brand operating in the UK, Ireland (together "UK&I")
and France announces a trading update following the important Black
Friday month trading period and ahead of its 31 December year
end.
The benefits from the Company's completed rebuild strategy
continue to come through, with eve on-course to deliver a second
consecutive year of revenue growth, in-line with market
expectations. Notwithstanding strong November comparatives in the
UK, eve's UK e-commerce channel achieved sales order growth in the
Black Friday month of 4% year-on-year and 64% when compared to the
pre-covid 2019 comparative period. The bedroom furniture category
in particular posted strong sales growth in November, up 14%
year-on-year, and represented a pleasing 7% of the overall sales
mix during this period. Within mattresses, hybrid mattresses remain
the outstanding performer, with eve's high performing original and
premium hybrid mattresses taking over 70% of the mattress sales
share. The new sleep away range performed far ahead of management's
expectations, with over GBP50,000 in sales during the month as
people prepare for their first Christmas guests in two years.
Although currently small in terms of the overall Company,
Ireland achieved one of its highest sales months ever in November,
delivering 90% growth year-on-year and 480% against 2019
comparatives, reflecting increased focus, market experience and
marketing investment. The French market remains soft however, with
strength in eve's store based partnership with Olivier Desforges,
which reported its highest sales month to date, more than offset by
industry wide weakness in e-commerce channels. Generally, in France
November and Black Friday is of lesser significance in terms of
trading importance compared with some other territories.
eve's supply chain has held up well, supported by careful
planning and strong relationships with European suppliers and
delivery partners, as well as the focus on mattress manufacturing
with third party providers in the UK and Belgium. To further ease
the pressures on the supply chain and courier partners, whilst
maintaining high levels of customer satisfaction, the Company
ensured that it offered its Black Friday promotions (of varying
levels) over a greater proportion of the month, whilst also holding
higher stock levels of core products going into this peak trading
period.
The Company plans to publish a more comprehensive trading update
covering the whole year in January 2022.
Cheryl Calverley, CEO of eve Sleep commented:
"Following a strong Black Friday trading period and positive
signs for Christmas, eve is on-course for a second consecutive year
of revenue growth, demonstrating that our recovery is both
sustainable and built on strong foundations. Our initial brand
expansion beyond mattresses into bedframes is beginning to make a
material contribution to revenue, and our wider ranges have
continued to expand, further cementing our position as a sleep
wellness brand, with recent additions including a non-alcoholic
plant based three spirit nightcap drink, the gingko baton low glow
night light and a range of CBD oils. I'm so very proud of this
team, and the incredible way they work with partners, suppliers and
each other to overcome the many and varied supply chain and
operational challenges that COVID and Brexit has brought, ensuring
that customers can continue to order with confidence.
We are looking forward to 2022 with quite some eagerness and
feel confident in delivering a third consecutive year of
significant progress."
For enquiries, please contact:
eve Sleep plc
Cheryl Calverley, Chief Executive Officer
via M7 Communications LTD
Tim Parfitt, Chief Financial Officer
finnCap Ltd - Nominated Adviser and Broker
Tel: +44 (0)20 7220 0500
Matt Goode / Teddy Whiley - Corporate Finance
Alice Lane / Charlotte Sutcliffe - Equity Capital Markets
M7 Communications LTD - PR/IR Tel: +44(0)7903 089 543
Mark Reed
-----------------------------------------------------------------------------------------------------------------------
ISIN: GB00BYWMFT51
Category Code: TST
TIDM: EVE
LEI Code: 2138007BAC29AUXWQE6
Sequence No.: 129583
EQS News ID: 1256799
End of Announcement EQS News Service
=------------------------------------------------------------------------------------
Image link:
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1256799&application_name=news
(END) Dow Jones Newswires
December 13, 2021 02:00 ET (07:00 GMT)
Esr 2022 (LSE:EVE)
Gráfica de Acción Histórica
De Feb 2024 a Mar 2024
Esr 2022 (LSE:EVE)
Gráfica de Acción Histórica
De Mar 2023 a Mar 2024