Annual Report 2016


The Supervisory Board is comprised of Ms E.A. de Groot, Mr D.R. Goeminne (Chairman), Mr A.J.L. Slippens (Vice Chairman) and Mr W.T.C. van der Vis. The CVs of the members of the Supervisory Board are included in the section Supervisory Board. In accordance with the provisions of the Dutch Corporate Governance Code, all Supervisory Board members are independent.

Supervisory Directors are appointed for a period that runs up to and including the day of the first Annual General Meeting that is held four years after their appointment. Supervisory Directors retire periodically in accordance with a schedule to be drawn up by the Supervisory Board. The following retirement by rotation schedule applies:

Supervisory Director




W.T.C. van der Vis

25 April 2013

AGM 2017

D.R. Goeminne

1 May 2010

19 May 2014

AGM 2018

A.J.L. Slippens

1 May 2010

19 May 2014

AGM 2018

E.A. de Groot

1 May 2011

19 May 2015

AGM 2019

2016 results

The Supervisory Board closely followed the revenue and profit development of Beter Bed Holding. The consistent execution of the policy defined by the Management Board and the focus on revenue growth and profitability are gratifying. The Supervisory Board shares the dissatisfaction of the Management Board with regard to the disappointing results in Germany. The group’s revenue increased by 6.5% to € 410.5 million in 2016. EBITDA fell by € 3.6 million to € 37.5 million. The EBITDA margin decreased from 10.7% to 9.1%.

Despite the lower results for 2016, the Supervisory Board firmly believes that the company should continue its strategy ‘From Good to Great 2016-2020’ without change, while of course maintaining an even tighter focus on developments in the German market.