Trading Update for the period ending 31 March 2014

Following the cancellation of the mandatory quarterly publication, D’Ieteren has decided to replace its Interim Management Statement of the first quarter with a trading update to be published on the same day as the General Meeting of shareholders. This trading update will not include the results evolution anymore, as the results are volatile at this time of the year. This year, the publication of this first trading update was exceptionally maintained on 15 May. The Interim Management Statement for the third quarter will be suppressed as from 2014. A modified financial calendar can be found at the end of this press release as well as on the website www.dieteren.com. 

 

Summary of the first quarter 

  • Consolidated sales down 4.5%.
    • D’Ieteren Auto: sales down 9.2% compared with the first quarter of 2013, due to a lower increase in dealer inventories during the period and to a slightly lower market share. Real market share1 of 20.80% in a flat real market1.
    • Belron: sales up 1.0% comprising an increase in organic sales of 3.1% and a 2.2% growth from acquisitions, partially offset by a negative currency impact of 3.7% and a 0.6% decrease from fewer trading days.

 

Group profile 

D'Ieteren is a group of services to the motorist founded in 1805, serving some 12 million corporate and end customers in 35 countries in two areas: 

- D'Ieteren Auto distributes Volkswagen, Audi, Seat, Škoda, Bentley, Lamborghini, Bugatti, Porsche and Yamaha vehicles across Belgium. It is the country's number one car distributor, with a market share of more than 22% in 2013 and 1.2 million vehicles of the distributed makes on the road. Sales in 2013: EUR 2.6 billion. 

- Belron (94.85% owned) is the worldwide leader in vehicle glass repair and replacement. Some 2,400 branches and 8,600 mobile vans, trading under more than 10 major brands including Carglass®, Safelite® AutoGlass and Autoglass® serve customers in 35 countries. Sales in 2013: EUR 2.8 billion. 

 

Financial Calendar 

Last five press releases

Next five events

 

 

 

 

29 April 2014

Appointment of N. D’Ieteren and O. Périer as Deputy Chairmen of the Board of Directors

5 June 2014 

General Meeting

17 April 2014

Publication of the Annual Report 2013

10 June 2014

Ex date

24 March 2014

D’Ieteren Auto strengthens its positioning in the Antwerp and Mechelen areas

13 June 2014

Payment date

20 March 2014

Repurchase of own shares

28 August 2014

2014 Half-Year Results

10 March 2014

Repurchase of own shares

26 February 2015

2014 Full-Year Results

  

Contacts 

Axel Miller, Chief Executive Officer

Benoit Ghiot, Chief Financial Officer 

Vincent Joye, Financial Communication - Tel: + 32 (0)2 536.54.39

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

Annual Report 2013 dedicated website: 2013.dieteren.com