Eve Sleep PLC, together with its subsidiaries, engages in the design, manufacture, and sale of mattresses and bedding products in the United Kingdom. The company offers a range of mattresses, including memory foam, latex, and spring; pillows; duvets; and other accessories. It sells its products through its website evemattress.co.uk and various third-party retailers.
Eve Sleep, a digital-first mattress and bedding company based in the UK, has seen its share price more than double since it floated on the London Stock Exchange last month.
The company, which was founded in 2015 by former Dragons’ Den star James Caan and serial entrepreneur Kuba Wieczorek, raised £140 million (US$183 million) in an initial public offering (IPO) that valued the business at £400 million (US$520 million).
Since then, Eve’s shares have soared to £1.04 ($1.35), giving it a market capitalisation of over £1 billion ($1.3 billion).
What’s driving Eve’s share price growth?
There are a number of factors that investors seem to be bullish about when it comes to Eve.
Firstly, the company is benefiting from the growing trend for consumers to buy mattresses and bedding online.
This is being driven by the increasing use of social media and online influencers to promote products, as well as the convenience factor of being able to shop from home.
Eve Plc
Eve plc is a publicly traded company that designs, manufactures and sells electronic cigarettes and vaping products. The company was founded in 2007 by Simon Edwards and James Dunworth, who are also the current co-chief executive officers. Eve’s products are sold online and through a network of over 200 retailers in the United Kingdom.
The company has its headquarters in London, England.
Credit: www.independent.co.uk
Is Eve Sleep a Good Stock to Buy?
Eve Sleep (LSE: EVE) is a UK-based home furnishing company, focused on selling mattresses and bedding products. The company was founded in 2015 by James Fryer and Kuba Wieczorek, and has since grown to become one of the leading online mattress retailers in the UK. In 2018, Eve Sleep raised £33 million through an initial public offering on the London Stock Exchange, valuating the company at £140 million.
The company’s products are available online through its own website and through a number of third-party retailers. As of 2018, Eve Sleep had over 70,000 customers in the UK and Europe.
So is Eve Sleep a good stock to buy?
Let’s take a look at some key considerations before making an investment decision.
1. Growth potential
Eve Sleep is still a relatively young company and it has shown strong growth since its inception.
In 2017, the company’s revenue increased by 103% to £17.1 million (up from £8.4 million in 2016). This growth was driven by a combination of factors including an increase in both average order value and customer numbers. Looking ahead, analysts expect EveSleep’s revenue to continue growing at a rapid pace, with consensus estimates calling for sales of £38 million in 2019 (a YoY growth rate of 121%).
Given this strong top-line growth potential, Eve Sleep looks like an attractive investment option for long-term growth investors.
Is Eve Sleep a British Company?
Eve Sleep is a British company that designs and sells mattresses, pillows, and other sleep-related products. The company was founded in 2015 by James Fryer and Kuba Wieczorek, who were previously employees of the online mattress retailer Casper. Eve Sleep’s products are available online and in stores across the United Kingdom.
Where is Eve Sleep Based?
Eve sleep is a UK-based online retailer that sells mattresses, bedding and other sleep-related products. The company was founded in 2015 by two entrepreneurs, James Fryer and Jas Bagniewski. Eve sleep’s head office is located in London.
The company has warehouses in the UK, France and Germany. Eve sleep sells its products through its website and ships to customers in over 30 countries.
EVE SLEEP PLC BIG TRADING MOVE | EVE SLEEP PLC SHARE
Conclusion
Eve Sleep is a mattress company that was founded in 2015. The company sells mattresses, pillowcases, and sheets. They offer free shipping and returns on all orders.
The company has a 100-night trial period. Eve Sleep went public on the London Stock Exchange in 2017. The current share price is around £1.50 per share.
