Private equity firm Torqx Capital, the new owner of Beter Bed, had to settle for a modest profit in its first year. Beter Bed, which was delisted at the end of December, reported a net profit of €1.4 million for 2023, significantly lower than the €5.2 million of the previous year. Revenue slightly increased from €229 million to €236 million.
Although the company now needs to produce less detailed annual reports, the current report still contains extensive information, including about the higher compensation for CEO John Kruijssen and CFO Gabrielle Reijnen, who together received €5.7 million from the buyout of their shares. Torqx Capital faces the task of making the company more profitable, which can now be done more calmly without the pressure of shareholders.
Photo: Dreamstime.
Source: Quote
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