2016 Half-Year Results

Both activities (D’Ieteren Auto and Belron) realised higher sales and results during the first half of 2016 with D’Ieteren Auto’s performance significantly exceeding expectations. Our key performance indicator1 – the current consolidated result before tax, group’s share – increased by 6.9%. D’Ieteren Auto’s sales benefitted from solid market growth (+10%2), successful commercial campaigns during the Brussels Motor Show, model replacements and new model introductions. The significant improvement of its current operating result1 is due to higher volumes and prices combined with efficiency gains. Belron’s solid sales growth was mainly driven by market share gains in the US and Germany and by the improving performance in the UK. The fall through from higher sales to the current operating result1 was negatively impacted by growth investments in the US.

D’Ieteren maintains its previously announced guidance of a FY 2016 current consolidated result before tax, group’s share1, which should be stable to slightly lower compared to FY 2015. Given the H1 2016  results, the confidence that the results should be stable versus 2015 has improved.

 

Conference Call

D’Ieteren’s management will organise a conference call for analysts and investors starting today at 06:30 pm CET. The conference call can be attended by calling the number +32 2 401 53 07. No access code will be required. The presentation slides will be made available online simultaneously to the publication of this press release at the following address: http://www.dieteren.com/en/newsroom/press-releases (then select the HY 2016 results event).

 

Group profile

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 internationally and actively encouraging and supporting them to develop their position in their industry or in their geographies. The group serves some 12 million corporate and end customers in 33 countries in two areas:

- 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 in 2015: EUR 2.9 billion.

- 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 in 2015: EUR 3.2 billion.

 

Financial Calendar

Last five press releases

(with the exception of press releases linked to

the repurchase or sale of own shares)

Next events

 

 

 

 

13 July 2016

Publication of a transparency notification

7 March 2017

2016 Full-Year Results

26 May 2016

Trading Update for the period ending 31 March 2016

1 June 2017

General Meeting & Trading Update

29 April 2016

Dieselgate Commission recommendations

 

 

21 April 2016

Annual Report 2015

 

 

25 February 2016

2015 Full-Year Results

 

 

 

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