Eve Sleep narrows losses despite sales slide
Eve Sleep has narrowed its half-year losses despite suffering a fall in sales during the first six months of its financial year.
The online mattress specialist said underlying EBITDA losses were slashed 80% to around £1.2m during the six months to June 30 – ahead of board expectations.
That bottom-line improvement came despite a 5.1% drop in sales to £12.2m during the period. Eve said revenues remained ahead of expectations following “strong” trading during May and June.
The etailer insisted that momentum had continued into July as it capitalises on a “strong” homewares market.
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