Eve Sleep breaks even for first time during fourth quarter
Eve Sleep has broken even for the first time during the fourth quarter of its financial year as it remained on track to slash losses.
The online mattress retailer said it made âsignificant further cost reductionsâ during the quarter ending December 31, 2019 to break even at an operating level.
Eve insisted that âtrading in the last four months of the year is more indicative of its prospects for 2020â.
The etailer said moves to prioritise long-term profitability over short-term sales growth by carrying out âmore efficientâ marketing, targeting âhigher qualityâ website traffic and streamlining its cost base have slashed EBITDA losses by ÂŁ10.8m â or 43% â across the year.
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