Trading update for the period ending 31 October 2016

All businesses deliver solid sales and results in 2016, leading to a slight guidance increase at unchanged perimeter versus 2015 (from “stable or slightly lower” to “an improvement in the order of 3-5%” of the current consolidated result before tax, group’s share).

Belron started to deliver on its service extension strategy with the acquisition of CARe in Belgium.

Moleskine, close to being 100% owned by D’Ieteren and to be delisted from the Milan stock exchange in 2017, adds a new growth pillar to the group.

 

Group profile

In existence since 1805 across several generations of the founding family, D’Ieteren pursues growth and value creation based on a long-term strategy that actively supports its businesses to strengthen their positions in their respective markets or regions. The group currently has three activities articulated around strong brands:

  • D'Ieteren Auto distributes Volkswagen, Audi, SEAT, Škoda, Bentley, Lamborghini, Bugatti, Porsche and Yamaha vehicles in Belgium. It is the country's number one car distributor, with a market share of more than 22% and 1.2 million vehicles on the road at the end of 2015. Sales and operating result reached respectively EUR 2.9 billion and EUR 60.4 million in 2015.
  • Belron (94.85% owned) is the worldwide leader in vehicle glass repair and replacement. Some 2,400 branches and 10,000 mobile vans, trading under more than 10 major brands including Carglass®, Safelite® AutoGlass and Autoglass®, serve customers in 33 countries. Sales and operating result reached respectively EUR 3.2 billion and EUR 174.4 million in 2015.
  • Moleskine (>95% owned) is a premium and aspirational lifestyle brand which develops and sells iconic branded notebooks and writing, travel and reading accessories through a multichannel distribution strategy across 114 countries. Sales and operating result reached respectively EUR 128 million and EUR 35 million in 2015.

 

Financial Calendar

Last five press releases

(with the exception of press releases linked to
the repurchase or sale of own shares)

Next events

 

 

 

 

19 December 2016

Roland D’Ieteren to retire as Chairman of the Board of Directors in 2017

6 March 2017

2016 Full-Year Results

13 December 2016

D’Ieteren holds more than 95% of the shares in Moleskine

1 June 2017

General Meeting & Trading Update

2 December 2016

Provisional results of the MTO on Moleskine shares

31 August 2017

2017 Half-Year Results

10 November 2016

Launch of the mandatory tender offer on Moleskine shares

 

 

6 October 2016

Closing of the agreement to acquire a 41% stake in Moleskine

 

 

 

Contacts

Axel Miller, Chief Executive Officer

Arnaud Laviolette, Chief Financial Officer

Pascale Weber, Financial Communication - Tel: + 32 (0)2 536.54.39

E-mail: financial.communication@dieteren.be – Website: www.dieteren.com