DGAP-News
bmp Holding AG raises its stake in sleepz GmbH
DGAP-News: bmp Holding AG / Key word(s): Investment
bmp Holding AG raises its stake in sleepz GmbH
13.10.2015 / 11:00
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bmp Holding AG raises its stake in sleepz GmbH
bmp Holding AG (ISIN DE0003304200) has reported that it has acquired an
additional stake of 7.35% in sleepz GmbH. Once the purchase agreement has
been reached, bmp will hold 60.08% of shares in sleepz. The parties have
agreed not to disclose the purchase price.
Oliver Borrmann, member of the Executive Board of bmp Holding AG, said,
"Since we acquired a majority stake in sleepz, it has continued to develop
successfully although growth has been falling short of our expectations due
to the focus on higher margin products since September. From a current
perspective, we assume that sleepz will add pro rata revenue of at least
EUR 4 million to group revenue for 2015 after consolidation on 1 May 2015.
In April this year, bmp acquired the majority of sleepz GmbH. The company
operates a number of online shops at www.perfekt-schlafen.de and
www.matratzendiscount.de and has acquired a strong market position as an
online merchant in the sleep products segment in Germany within a short
period of time.
Increasing the stake, which has now been completed, is another step towards
establishing bmp Holding AG as one of the leading e-commerce groups in the
segment of living/sleep products. In the process, bmp is utilising a buy
and build strategy which entails plans to make further acquisitions and
establish subsidiaries. Meanwhile, bmp has founded a wholly owned
subsidiary (Grafenfels Manufaktur GmbH) to develop its own mattress brand.
Oliver Borrmann further explained, "With the increase in health awareness,
good sleep has become a key issue and the demand for top-quality mattresses
has increased. We have therefore developed a premium product portfolio of
top-quality mattresses which is expected to be distributed under the
company's own brand name, i.e."Grafenfels"."
As a result of sleepz' weaker growth and Grafenfels' delayed market launch,
which was put back by approximately two months, we now anticipate
whole-year revenue in the EUR 4-4.5 million range. A potential further
acquisition in 2015 could result to correcting this estimate upwards.
About bmp Holding:
bmp Holding AG (www.bmp-holding.de) is an e-commerce group focussing on the
segment of living/sleep products.
With online shops such as www.perfekt-schlafen.de and
www.matratzendiscount.de, the bmp Group is one of the fastest-growing
online retailers in the sleep products segment in Germany. The Group
currently has a total of 30 employees.
For further information
bmp Holding AG
Corinna Riewe
Tel.: +49-30-20 30 5 567
criewe@bmp.com
Schlüterstraße 38, 10629 Berlin
This Corporate News is neither an offer nor a request to submit an offer
for the sale of securities - specifically not in the US or other countries
or jurisdictions in which an offer or request to submit an offer for the
purchase or sale would be illegal without prior registration or permission
under the relevant securities guidelines.
This Corporate News is neither an offer to sell registered bearer shares
nor a request to submit an offer to buy the registered shares; it is merely
for information purposes.
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Language: English
Company: bmp Holding AG
Schlüterstraße 38
10629 Berlin
Germany
Phone: +49 (0)30 20 305-0
Fax: +49 (0)30 20 305-555
E-mail: ir@bmp.com
Internet: www.bmp-holding.de
ISIN: DE0003304200
WKN: 330420
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart; Warschau
End of News DGAP News Service
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402091 13.10.2015