21 January 2021 - trading update

The AIM-listed bedding company has issued a trading statement covering the year to 31 December 2020 which has shown an increase in revenues and a significant reduction in losses.  Revenue for the year rose 6% to £25.2m with EBITDA losses reducing by 81% to £2.0m from £10.7m the year before.  The company had net cash balances of £8.3m at the year end, up from £8m a year earlier, and this is significant given the fact that the company is only capitalised at £13.3m.  The company made significant progress last . . .

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