21.11.2017 - 14:03:59

SLEEPZ AG: Nine-month figures impacted by delays in growth projects

SLEEPZ AG: Nine-month figures impacted by delays in growth projects

SLEEPZ AG (ISIN DE000A2E3772 - "SLEEPZ"), a group of companies focusing on online commerce in the sleep products segment, has made progress with implementation of its growth projects but nonetheless recorded a significant decline in sales in the first nine months of the 2017 financial year. EBITDA was also down on the same period of the previous year. By contrast, the net result for the period improved.

All in all, in the first nine months of 2017 the SLEEPZ Group generated sales of EUR 8.8 million, thus falling short of the previous year's level by 19%. After the tight liquidity position and the associated cost reductions put pressure on sales in the first half of the year, the fact that SLEEPZ's marketing activities then increased again also did not help counter the stagnating sales throughout the sector to the desired extent in the third quarter. Following publications about defective raw material deliveries to mattress manufacturers, which caused considerable unrest on the market, the Executive Board reported on this in mid-October and adjusted the annual forecast for 2017 as a whole.

The gross profit of EUR 2.7 million (previous year: EUR 3.6 million) and the EBITDA of minus EUR 1.8 million (previous year: minus EUR 1.3 million) were also down year-on-year due to a slightly worse cost of materials ratio of 68.3% (previous year: 67.0%).

By contrast, the net loss for the period improved considerably to minus EUR 2.9 million following the discontinuation of the VC minority portfolio, as compared to the previous year's figure of minus EUR 3.9 million. This figure will also be positively impacted in the fourth quarter by the fact that the service agreement in place until the end of 2017 for the management and sale of the VC-portfolio was terminated early - resulting in total costs savings of EUR 150 thousand for 2017.

The company is still holding acquisition negotiations with Cubitabo GmbH ( In this context, a model is being discussed whereby the Berlin-based company would be acquired by sleepz Home GmbH for integration reasons and sleepz Home would then be fully incorporated into SLEEPZ AG as far as possible. It is not clear at present whether this can be achieved.

At the same time, the Executive Board sees particular sales potential in the company's own mattress series "Grafenfels" and "Matratzenheld". Oliver Borrmann, Executive Board member of SLEEPZ, comments: "We have kick-started our 'Grafenfels' and 'Matratzenheld' growth projects but have not yet advanced them far enough for this to be reflected in our figures for 2017. Our goal now is to sell a number of units in the tens of thousands for each of these mattress series in 2018."

The complete quarterly statement will be published on 30 November 2017 at.

About SLEEPZ AG: SLEEPZ AG is an e-commerce group focussed on the segment of sleep products (bedroom furniture, beds, slatted frames, mattresses, bedding, accessories). Its subsidiaries sleepz home GmbH, Matratzen Union GmbH, Ecom Union GmbH and Markenschlaf GmbH run online shops in the segment of sleep products, including,,,,,, oder Furthermore Grafenfels Manufaktur GmbH has developed its own mattress collection under the brand name "Grafenfels". The group also has showrooms in Berlin and Wolfhagen.

For further information:

Corinna Riewe - Investor Relations - +49 30

21.11.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at

Language: English Company: SLEEPZ AG Schlüterstraße 38 10629 Berlin

Germany Phone: +49 (0)30 20 305-0 Fax: +49 (0)30 20 305-555 E-mail: Internet: ISIN: DE000A2E3772, DE000A2E4L59 WKN: A2E377, A2E4L5 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange; Warschau   End of News DGAP News Service

631331  21.11.2017 


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