Eve Sleep plc: Trading statement (1127123)
03 Septiembre 2020 - 05:02AM
UK Regulatory
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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