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bmp Holding AG: Nine-Month results 2016

DGAP-News: bmp Holding AG / Key word(s): 9-month figures
bmp Holding AG: Nine-Month results 2016

30.11.2016 / 10:30
The issuer is solely responsible for the content of this announcement.

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bmp Holding AG: Nine-Month results 2016

- Nine-month revenue of EUR 10.9 million

- EUR 15 million sales revenue expected

- Consolidated net loss of EUR 3.9 million due to negative net result on
revaluation of old portfolio of EUR 2.5 million

- Gross profit and contribution margin up considerably

bmp Holding AG (ISIN DE0003304200) has published its nine-month results
today.
Revenue performance fell short of expectations in the third quarter and the
period ended with revenue of EUR 3.2 million. This was due to technical
transition problems, mainly for sleepz web shops, a significantly later
market launch by Grafenfels and price competition for AdWords primarily in
the mattress segment, which made the acquisition of new customers via this
channel no longer profitable. We opted not to generate revenue at any price
at the expense of our margins.

bmp Holding AG has generated total revenue of EUR 10.9 million in the first
nine months of 2016. This is approximately 360% higher than the revenue for
the same period of the previous year of EUR 2.4 million. Gross profit of
the group has risen considerably to 33% (previous year: 28.7%). In the
product mix, mattresses account for 66% of total revenue, followed by (box-
spring) beds at 16% and bedding at 7%, whose shares are expected to grow
further in the coming quarters.

The contribution margin (gross profit less marketing and packaging/
shipping) of sleepz and Matratzen Union has now increased to over 17% in
the first nine months of 2016. bmp Holding's sleep products business area
therefore counts as a highly profitable retail segment. This allows us to
operate profitably from a revenue volume of around EUR 20 million.

Consolidated earnings for the first nine months of 2016 amounted to minus
EUR 3.9 million (previous year: minus EUR 1.1 million). Adjusted for the
expenses and income from the revaluation of the remaining venture capital
portfolio of minus EUR 2.5 million, the adjusted result is minus EUR 1,356
thousand. Minus EUR 379 thousand of this is related to the third quarter,
which means that a further earnings improvement was achieved despite weak
revenue for the quarter.

While Grafenfels and sleepz reported losses of EUR 1.5 million for the