London mattress retailer grows revenues by 25% in second quarter

An online mattress retailer has announced that its revenues have grown by a quarter in the last period.

Eve Sleep, based in London, saw 25 per cent growth in Q2 2020 compared to the previous year.

Revenues for the first six months of the year are expected to total £12.2m, compared to £12.9m in 2019, mainly affected by the impact of the lockdown.

Cheryl Calverley, CEO of eve Sleep, commented: “Trading through this complex period has been robust and ahead of our previous expectations, and for the first time we have generated positive cash flow over a sustained period.

“Our goal of profitability draws ever closer as we continue to deliver our rebuild strategy, underpinned by growth in customer numbers, an increasing contribution from wider sleep categories, and improved marketing efficiency.

“These achievements have only been made possible by our experienced and highly capable team who have shown remarkable resilience, engagement and commitment throughout.

“We are well placed to benefit from the accelerated shift to online ordering and the increase in spend on homewares as consumers increase investment in their homes.

“Eve will continue to focus on driving value for our shareholders and building a sustainably profitable business with strong growth potential.”

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