Publication of 2019 annual report and organisation of the AGM and EGM on 28 May 2020
The 2019 annual report of the D’Ieteren Group is now available in French, Dutch and English and can be downloaded in PDF format at: https://www.dieteren.com/en/newsroom/annual-report/2019.
In the current exceptional circumstances created by the Covid-19 pandemic, the priority of the D’Ieteren Group is to safeguard the health and safety including that of its shareholders and partners. To this end, the Board of Directors has decided to hold the Annual General Meeting and the Extraordinary General Meeting (“the General Meetings”) of Thursday 28 May 2020 behind closed doors, without the physical presence of shareholders and other partners. This decision complies with the Royal Decree of 9 April 2020 that introduced various measures related to corporate law as part of the fight against the Covid-19 pandemic.
The precise details of how the General Meetings will be organised are laid out in the convening notices published on the D’Ieteren website (www.dieteren.com/en/shareholder-meetings). The General Meetings will be streamed live for shareholders on 28 May 2020 from 3.00 pm CEST on the D’Ieteren website. The exercise of shareholder voting rights will only be possible by proxy or by voting forms (using the forms available on the D’Ieteren website). Shareholders will be able to submit advance questions, which will be answered orally during the broadcast of the General Meetings.
End of press release
In existence since 1805, and across family generations, D'Ieteren seeks growth and value creation by pursuing a strategy on the long term for its businesses and actively encouraging and supporting them to develop their position in their industry or in their geographies. The Group has currently the following activities:
- D'Ieteren Auto distributes Volkswagen, Audi, SEAT, Škoda, Bentley, Lamborghini, Bugatti, Porsche and Yamaha vehicles in Belgium. It has a market share of around 22% and 1.2 million vehicles on the road. Its business model is evolving towards improving the lives of citizens with fluid, accessible and sustainable mobility. Sales and adjusted operating result reached respectively EUR 3.6 billion and EUR 119.0 million in FY 2019.
- Belron (54.85% of the voting rights) has a clear purpose: "making a difference by solving people's problems with real care". It is the worldwide leader in vehicle glass repair and replacement and operates in 39 countries, through wholly owned businesses and franchises, with market leading brands - including Carglass®, Safelite® and Autoglass®. In addition, Belron manages vehicle glass and other insurance claims on behalf of insurance customers. Sales and adjusted operating result reached respectively EUR 4.2 billion and EUR 400.5 million in FY 2019.
- Moleskine (100% 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 adjusted operating result reached respectively EUR 163.9 million and EUR 18.6 million in FY 2019.
- D'Ieteren Immo (100%) groups together the Belgian real estate interests of D'Ieteren Group. It owns and manages approximately 30 properties which generated EUR 19.7 million net rental income in FY 2019. It also pursues investment projects and carries out studies into possible site renovations.
Francis Deprez, Chief Executive Officer
Arnaud Laviolette, Chief Financial Officer
Pascale Weber, Investor Relations - Tel: + 32 (0)2 536.54.39