S.A. D'Ieteren N.V. Reports Sales Results for the First Quarter of 2014; Provides Earnings Guidance for the Fiscal Year 2014
May 14, 2014
Share
S.A. D'Ieteren N.V. reported sales results for the first quarter of 2014. Sales for the first quarter of 2014 were 1.0% higher than 2013 due to a 3.1% organic increase and 2.2% growth from acquisitions partially offset by a 3.7% negative currency translation effect and a 0.6% decline due to fewer trading days. Against 2013 there was one less trading day in the first quarter.
The effect of the beginning of the year will impact the results for the first half-year and will be partially offset in the second half. On this basis, the company expects its fiscal year 2014 current consolidated result before tax, group's share, to decline by around 10%.
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.
D'IETEREN GROUP 
