By Matteo Castia
Eve Sleep PLC said Thursday that results in 2020 were boosted by the coronavirus pandemic, with sales reaching a record high over Black Friday and Boxing Day week.
The mattress company said sales in 2020 were 6% higher than in 2019 and stood at 25.2 million pounds ($34.4 million), driven by 18% growth in the second half.
Losses before interest, taxes, depreciation and amortization were reduced by 81% on the year to GBP2.0 million.
"The business has undoubtedly benefited from the accelerated shift to e-commerce and the current strength of the homewares category as a result of the pandemic," Eve Sleep said.
The company said 2021 has started well, following the same positive trends seen in recent months.
Shares at 0803 GMT were up 0.12 pence, or 2.1%, at 5.90 pence
