The Annual General Meeting of Shareholders of Beter Bed Holding N.V. that was held on 18 April 2012 declared a final dividend of € 0.63 per ordinary share of nominally € 0.02 each for the 2011 financial year.

An interim dividend of € 0.47 was paid in November 2011. The total dividend for 2011 consequently amounts to € 1.10, resulting in a pay-out ratio of 85%. A dividend of € 1.30 was paid for 2010 (pay-out ratio: 100%).

The final dividend will be paid entirely in cash.

The following schedule will apply to the payment of the dividend:
20 April 2012    listing ex dividend       
24 April 2012    record date      
15 May 2012     payment of dividend


Dividend policy
The dividend policy of Beter Bed Holding N.V. is aimed at maximising shareholder profit while maintaining a healthy capital position. The company's objective is to, subject to certain conditions, pay out at least fifty percent of the net profit to shareholders. This will be done in the form of payment of an interim dividend following publication of the third-quarter figures and payment of a final dividend following the adoption of the financial statements and following the approval of the dividend proposal by the Annual General Meeting of Shareholders. This method makes it possible to spread the payment of dividend more evenly across the year.
The company's solvency must never fall below thirty percent on any given publication date as a result of the payment of dividend. The net interest-bearing debt/EBITDA ratio may never exceed two.


Profile
Beter Bed Holding N.V. operates in the European bedroom furnishings market. Its activities include retail trade through a total of 1,187 stores at year-end 2011 that operate via the chains Beter Bed (the Netherlands and Belgium), Matratzen Concord (Germany, Switzerland, Austria, the Netherlands, Belgium and Poland), El Gigante del Colchón (Spain), BeddenREUS, Dormaël Slaapkamers and Slaapgenoten (all three active in the Netherlands) and MAV (Germany). Beter Bed Holding is also engaged in developing and wholesaling branded products in the bedroom furnishings sector in the Netherlands, Germany, Belgium, Spain, Austria, Switzerland and Turkey via its subsidiary DBC International. Beter Bed Holding achieved net revenue of € 397.0 million in 2011. A total of 63% of the group's net revenue is generated outside the Netherlands. The company has been listed on NYSE Euronext Amsterdam since December 1996. Beter Bed Holding shares are traded on the Amsterdam Small Cap Index.

For more information, please contact: Ton Anbeek, Chief Executive Officer
Tel. +31 (0)413 338819 / Fax +31 (0)413 338829 / Mob. +31 (0)6 53662838
E-mail: ton.anbeek@beterbed.nl:
mailto:ton.anbeek@beterbed.nl / Website: www.beterbedholding.co:
http://www.beterbedholding.com/m:
http://www.beterbedholding.com/

Please click on the link below for the Pdf version of the press release.

press release 18-4-2012 nabeurs:
http://hugin.info/132850/R/1603093/506641.pdf


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Source: Beter Bed Holding NV via Thomson Reuters ONE
HUG#1603093