eve Sleep PLC - London-based direct-to-consumer mattress retailer - Pretax loss in six months to June 30 widens to GBP2.3 million from GBP1.3 million year before, as administrative expenses rises to GBP8.0 million from GBP6.4 million. Revenue improves to GBP13.9 million from GBP12.2 million.
Strong trading momentum in the UK & Ireland continued after period-end with revenues ahead of board expectations at, growing 46% for July and August against 2019 pre-Covid equivalents.
Chief Executive Cheryl Calverley says: "We are starting to reap the benefits of our three-year rebuild strategy. The ongoing expansion of the product ranges is gaining traction, with new accessory ranges driving growth in customer numbers, customer repeats and average spend through the year. This gives us increasing confidence for the full year out turn for the UK&I, which we expect to generate a healthy profit pre overheads for the second consecutive year.
"Our focus for the next 12-18 months is on delivering a core UK business that is both growing and sustainably profitable, whilst building our scale in France to generate a similarly accretive business there in the medium term."
Current stock price: 3.70 pence
Year-to-date change: down 25%
By Paul McGowan; paulmcgowan@alliancenews.com
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