The Supervisory Board recognises the broad interests Beter Bed Holding N.V. represents and understands its responsibility towards all the Group's stakeholders: shareholders, employees, customers, suppliers and financiers. We wish, within this context, to refer you to the corporate website that contains up-to-date information on Beter Bed Holding N.V.
In 2019 the Group managed, despite the challenges it has had, to deliver very important milestones: an incremental loan from shareholders, the divestment of Matratzen Concord, the issuance of shares and the sale and leaseback of the distribution centers, which were needed to create a sustainable future.
At this moment the Company is pretty occupied by managing the impact of COVID-19. The primary concern is to safeguard the health of the customers and employees.
The Supervisory Board will look forward to ensure that the Company returns back to growth and profit. This needs to happen through the delivery of an updated strategic plan which should lead to revenue growth, margin recovery and cost reduction. This plan will be presented to analysts prior to the Annual General Meeting on 13 May 2020.
Without the passionate and committed contribution of the employees and stakeholders nothing can be realised. The Supervisory Board is therefore grateful to everyone within the Group for their relentless passion, energy and contribution to realising the set objectives.
Uden, the Netherlands, 17 March 2020
B.E. Karis, Chair
P.C. Boone, Vice-Chair