Eve Sleep plc (EVE) 
Eve Sleep plc: Trading statement 
 
03-Sep-2020 / 11:02 GMT/BST 
Dissemination of a Regulatory Announcement that contains inside information 
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
      Trading update 
 
      Trading continues to be strong, uplift to full year expectations 
 
eve Sleep ("eve", the "Company), the direct to consumer sleep wellness brand 
  operating in the UK, Ireland and France announces a trading update for the 
            eight months ended 31 August 2020. 
 
     As previously set-out in the trading update of 22 July 2020 trading was 
   strong in May and June and this momentum continued into early July. Since 
  then trading patterns have remained above the Board's expectations through 
      the rest of July and August. It is now clear that notwithstanding some 
         important trading periods in the coming four months, the Company is 
on-course to exceed the Board's original expectations. The Board now expects 
   revenues of at least GBP22m, with a commensurate reduction in EBITDA losses 
  for the year ended 31 December 2020, and an improvement in the anticipated 
            year end net cash position. 
 
  The Company will provide additional detail with the release of its interim 
results for the six months ended 30 June 2020, which are due to be published 
            on 15 September 2020. 
 
            Cheryl Calverley, CEO of eve Sleep commented: 
 
   "This guidance upgrade is evidence of our momentum and the success of our 
    rebuild strategy, against a backdrop of a consumer landscape shifting to 
  online and market trends in favour of homewares and sleep wellness. Whilst 
  economic uncertainty is likely to remain for some time, we are starting to 
            look beyond our rebuild strategy to the next stage of growth." 
 
 The information contained within this announcement is deemed by the Company 
          to constitute inside information stipulated under the Market Abuse 
            Regulation (EU) No. 596/2014. 
 
For enquiries, please contact: 
 
eve Sleep plc 
 
Cheryl Calverley, Chief Executive       via M7 Communications 
Officer                                 LTD 
 
Tim Parfitt, Chief Financial Officer 
finnCap Ltd - Nominated Adviser and     Tel: +44 (0)20 7220 0500 
Broker 
 
Matt Goode / Ed Whiley - Corporate 
Finance 
 
Alice Lane - 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.:  0 
EQS News ID:   1127123 
 
End of Announcement EQS News Service 
 
 

(END) Dow Jones Newswires

September 03, 2020 06:02 ET (10:02 GMT)

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