Eve sees sales momentum continue
Mattress in a box company Eve Sleep has continued to perform well during the summer and is now anticipating a better than expected year.
‘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 says.
‘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 £22m, 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 is due to release its interim results on 15 September.
"This 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,’ says Cheryl Calverley, Eve Sleep ceo.