EURONEXT BRUSSELS
Indice: BEL20
D'Ieteren is an international
group, active in three sectors of services to the motorist :
- automobile distribution
in Belgium of Volkswagen, Audi, Seat, Skoda, Bentley, Lamborghini, Bugatti,
Porsche and Yamaha
- vehicle glass repair
and replacement in Europe, North and South America, Australia and New-Zealand
through Belron s.a. and notably its CARGLASS® and AUTOGLASS® brands
in Europe and SAFELITE AUTOGLASS ®, LEBEAU®, DURO® in North
America
- short-term car rental
in Europe, Africa, the Middle East and Asia through Avis Europe plc and
the Avis and Budget brands.
D'Ieteren and its activities
are present in 120 countries on 5 continents serving more than 17 million
customers a year.
http://www.dieteren.com/
29.08.2008 s.a.
D'Ieteren n.v.: 2008 Half-year results
Brussels, August 29,
2008 - s.a. D'Ieteren n.v. announces its consolidated results for the six
months ended June 30, 2008. These Financial Statements have been prepared
in accordance with International Financial Reporting Standards ("IFRS").
Please find attached
the full version of the press release and the English version of the Half-Yearly
Financial Report (the French and Dutch versions will be available on September
8, 2008).
Full
version of the press release PDF
30/03/07 s.a.
D'Ieteren n.v. - D'IETEREN INCREASES ITS INTEREST IN BELRON
Brussels, March 30, 2007
D'Ieteren s.a. announces
that it has exercised a call option on 3.65% of the equity capital of Belron
currently owned by Cobepa, for a total consideration of EUR 31 million,
based on the value at 31 December 2006. Effective April 2, 2007, this transaction
brings D'Ieteren's share of Belron from 73.73% to 77.38% and reduces Cobepa's
share from 20% to 16.35%. There is no other change in the composition of
the equity capital of Belron.
28/02/07
D'Ieteren
- FY 2006 Annual Results
Brussels,
Wednesday 28 February 2007
Current
result before tax, group's share, up 30.4% to EUR 154.6 million
- Automobile
distribution and Corporate activities : up 64.8%, to EUR 59.5 million mainly
due to record sales
- Car rental
: up 1.8% to EUR 23.1 million; good volume growth and utilisation improvement
but continuing competitive pricing, higher fleet and interest costs
- Vehicle
glass : up 20.4% to EUR 72.0 million mainly as a result of strong sales
growth and operational efficiency gains
Group's
share in the result of the period up 31.2% at EUR 100.0 million, including
unusual items notably related to the overhead re-structuring programme
at Avis Europe and the integration of the 2005/2006 Belron acquisitions
in North America
Gross dividend
proposed for 2006: EUR 2.64 per share, up 10.0%
Full
version of the press release PDF
15/01/07
Trading
Update for FY 2006
Automobile
distribution - D'Ieteren Auto
D'Ieteren
Auto had an excellent year 2006. Sales grew by around 11%, mainly
as a result of sales growth in new vehicles.
New vehicles
New car
registrations in Belgium amounted for the full year 2006 to a record level
of 526,141 units, up 9.6%, benefiting mainly from the January Motor Show,
the continued renewal of the car park as well as from the impact of a more
restrictive tax regulation regarding registration of 4WD as light commercial
vehicles.
The makes
distributed by D'Ieteren Auto achieved 19.43% market share for the full
year 2006, up in comparison with 19.01% for the full year 2005 due to Skoda
and Volkswagen market share gains, and despite some supply shortages arising
from the manufacturer's priority given to the German market in anticipation
of the 2007 VAT raise and from the recent events at the VW Forest factory.
Skoda, whose
range was extended in September with the introduction of its new small
people carrier Roomster, saw its market share grow beyond the 2% mark.
Volkswagen regained its N° 1 position in the Belgian market, particularly
strengthened by models introduced in 2005 - Jetta, Polo, Fox and Passat
- and during the first half of 2006 - CrossPolo and Eos. Audi continued
to benefit from its very successful A6 and from its new 4WD model Q7. During
the second half of 2006 the make renewed its Allroad and TT models.
Porsche registrations achieved a record level thanks to its 911 and Cayman
models. Seat's market share decreased slightly. The new Seat Altea
XL (estate version) was introduced in December 2006.
The light
commercial vehicles market was down 3.1% in 2006 at 58,730 new registrations
due to the 4WD registrations transfer. D'Ieteren Auto achieved 9.75%
market share, up compared to 9.62% for the full year 2005, notably thanks
to the new VW Crafter introduced in Belgium since May 2006.
Total new
vehicles, including commercial vehicles, delivered by D'Ieteren Auto achieved
almost 113,000 units for the full year 2006, up more than 9%. New
vehicles sales were up about 12%.
Other activities
Used cars
sales, sales of spare parts and accessories, after-sales activities by
D'Ieteren Car Centers and D'Ieteren Lease sales were up. D'Ieteren
Sport sales declined.
Outlook
2007
The Belgian
car market is expected to decrease in 2007 by about 5% compared its 2006
record level to around 500.000 new car registrations. In this context,
D'Ieteren Auto will pursue its objective of market share improvement at
20%. The models to be introduced or renewed during 2007 include VW
Golf Variant, the Cross and BlueMotion ranges, Skoda Fabia, Audi R8 and
Porsche Cayenne.
Vehicle
glass - Belron s.a.
Belron had
another strong year in 2006. Sales growth was around 20%, consisting of
10% organic growth and 10% acquired growth with minimal currency impact.
Total repair and replacement jobs grew by around 15%.
In Europe,
after both acquisitions and currency translation, sales growth amounted
to around 13%. Organic sales growth was delivered in all European countries
through effective advertising which has benefited from the successful multinational
rollout of best practice advertising concepts, together with further progress
with insurers and fleet partners. The Northern European businesses
benefited from favourable winter weather conditions compared to 2005 but
suffered from the mild weather in the fall. During the year, Belron
acquired its former franchisee in Greece and completed incremental acquisitions
in Spain, Germany and Norway which have all been successfully integrated
into the existing businesses. In September 2006, Belron signed a
franchise agreement in Romania, bringing its franchise network to 9 partners.
Outside
Europe, after both acquisitions and currency translation, sales growth
amounted to around 44%. This was primarily due to the full year impact
of the North America acquisitions made in the course of 2005 and the acquisition,
during the first half of 2006, of MAVERICK AUTO GLASS in Arizona.
Overall,
unusual costs before tax will be in line with expectations. These
mainly relate to the integration and transformation programme underway
in North America aimed at improving operating margins of the recent acquisitions
and to the closing of the manufacturing operations in Australia.
In 2007,
organic sales growth is expected to continue, although at a slightly lower
rate due to strong comparatives during the winter 2006.
Car rental
- Avis Europe plc
The following
extracts are taken from the Pre-Close Update by Avis Europe plc issued
on 13 December 2006 (full version of the press release available on Avis
Europe website www.avis-europe.com)
"The Group's
current expectation for underlying profit before tax for the year ending
31st December 2006 has somewhat improved. Volume trends were stronger than
anticipated in the second half. The strong revenue performance in intra-European
leisure continued. We have also seen some recovery in volumes from the
North American inbound market, partly offset by lower pricing. Replacement
revenue grew in the second half of 2006.
The pricing
environment has, however, remained tough, but this has been mitigated by
continuing tight cost control.
[.] Regarding
FY 2007 revenue, Avis Europe expects volume growth trends to continue at
similar levels to those achieved this year. The group only has limited
visibility on pricing at present. Avis Europe's current planning assumption
is that rates will be broadly flat, with limited increases across most
markets being offset by segment mix.
Fleet market
conditions are difficult and costs are expected to rise above general inflation
in 2007. However, Avis Europe is seeking to mitigate this margin
pressure by a further improvement in utilisation, driven by its continued
investment in revenue management, together with the benefits from the overhead
restructuring programme."
Outlook
for FY 2006 current consolidated result before tax, group's share
Considering
the excellent performance of its automobile distribution and vehicle glass
activities, D'Ieteren anticipates its current consolidated result before
tax, group's share, to grow by more than 20% for the full year 2006. |