Eve Sleep’s losses narrow
Mattress retailer Eve Sleep saw its losses narrow in the first half of its financial year as customers numbers grew by 7%.
In the six months to 30 June, sales declined by 5% to £12. 2 million, but from April there was a strong improvement with second quarter revenues increasing by 25%.
Meanwhile, the company posted a statutory pre-tax loss of £1.3 million in the six months compared to a loss of £6.7 million in the same period last year.
Cheryl Calverley, chief executive of Eve Sleep, said: “This has been a highly unusual and complex trading period. Eve has benefited significantly from the accelerated switch to online, the temporary closure of high street retailers, and the recent increased consumer investment in the home, which, combined with the hard work on the rebuild strategy, has allowed us to see the fruits of our labour a little sooner than we anticipated.”
The company said the strong trading momentum has continued throughout the summer.
Calverley added: “The focus now is on building towards a longer-term growth plan as we draw closer to our goal of securing a base as a sustainable, profitable business.”
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