S.A. D'Ieteren N.V. Reports Consolidated Sales Results for the First Quarter of 2015; Provides Sales Guidance for the Remainder of the Year 2015
May 28, 2015 at 10:15 am
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S.A. D'Ieteren N.V. reported Consolidated sales results for the first quarter of 2015. The company's consolidated sales rose by 10.4%. D'Ieteren Auto: sales increased by 10.7% compared with the first quarter of 2014, a positive price/mix effect and higher deliveries to the dealer network. D'Ieteren Auto's net market share1 reached 20.71% (-9bps year-on-year) in a net market1 that was slightly down. Belron: sales were up 10.2% comprising an increase in organic sales of 0.9%, 0.2% growth from acquisitions and a positive currency impact of 10.1%, partly offset by a 1.0% decrease from fewer trading days. Sales for the first quarter of 2015 were 10.2% higher compared with first quarter of 2014 comprising a 0.9% organic increase, 0.2% from acquisitions and a 10.1% positive currency translation effect, partially offset by a 1.0% decline due to one less trading day.
For the remainder of the year 2015, Belron still expects moderate organic sales growth due to continuing adverse underlying market trends.
In existence since 1805, and across family generations, D'Ieteren Group (the Group) is an investment company seeking growth and value creation by building a family of businesses that reinvent their industries and search for excellence and meaningful impact. It currently owns the following businesses:
- Belron (50.30% in fully diluted economic rights at 31 December 2023, equity-accounted investee): worldwide leader in vehicle glass repair, replacement and recalibration;
- D'Ieteren Automotive (100% owned): distributor of Volkswagen, Audi, SEAT, Skoda, Bentley, Lamborghini, Bugatti, Cupra, Rimac, Microlino, Maserati and Porsche vehicles in Belgium and expanding into other mobility services;
- PHE (100% in economic rights - see note 2) is a leader in the independent distribution of spare parts for vehicles in Western Europe, present in France, Belgium, The Netherlands, Luxemburg, Italy and Spain;
- TVH (40% owned - equity accounted-investee): leading global independent distributor for aftermarket parts for material handling, construction & industrial, and agricultural equipment;
- Moleskine (100% owned): develops and sells iconic branded notebooks and writing, travel and reading accessories through a global multichannel platform;
- D'Ieteren Immo (100% owned): groups together the Belgian real estate interests of D'Ieteren Group.