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February 14, 2020 01:01 PM

Records break for Tempur Sealy in 2019

Utech Staff
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    Lexington, Kentucky — Tempur Sealy, the international mattress and bed maker, generated record sales of $3.1 bn in 2019. This was up 14.9% on the previous financial year.

    Adjusted EBITDA across the business rose by 19.5%, and reached $508 m in 2019. 

    Scott-Thompson: momentum continues into 2020

    CEO Scott Thompson said that his company's strategy of using multiple distribution channels and strong brands helped drive sales to the record in 2019.

    'The investments we have made over the past four years strengthening the long-term foundation of our company investments have enhanced our competitive position,' he said. 'We are carrying our momentum from 2019 forward, and we expect record full-year revenues and over 20% growth in adjusted EBITDA in 2020.'

    The company expects adjusted EBITDA to be between $575m to $650m in 2020. 

    Tempur Sealy numbers 2019 ($m)
    Group 2019 2018 Change %
    Sales 3106 2703 14.9
    Adjusted EBITDA 508 425 19.5
    Margin % 16.4 15.7
    Source: Tempur Sealy
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