Eve Sleep sales fall but losses steady

By Hugh Radojev2019-09-26T06:31:00

Eve Sleep saw sales across its business fall during the first half of the year, but it did manage to roughly halve its EBITDA losses.

In the six-month period ending June 30, 2019, the mattress in a box company saw total sales in the UK and Ireland and France fall by 8%, down to £12.9m. The retailer also saw its gross profits slip 13%, down to £6.7m.

The retailer reported underlying EBITDA losses of £5.9m in the first half of this year, up from £11.9m in the commensurate period in 2018. Statutory losses before tax were also up to £6.7m, from £12m.

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