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Interim management statement

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16 Nov 2011 - Results

In light of the sale of Avis Europe, which took effect on 3 October 2011, the content of this press release concerns “continuing operations” only.

Summary

  • Solid sales growth compared with 2010, up 12.1% in the third quarter and 7.5% year-to-date.
    • D’Ieteren Auto: market share up strongly to 23.32% in the third quarter, in a new car market up by 0.3%. Market share for the first nine months reached 21.90% in a market up by 1.5%. Sales up 28.3% in the third quarter (16.8% year-to-date)
    • Belron: sales down 1.0% in the third quarter (-1.5% year-to-date), with 1.3% organic growth (-0.7% year-to-date), 0.8% acquired growth (0.7% year-to-date) and a 3.1% adverse currency translation effect (-1.5% year-to-date).
  • Current consolidated result before tax, group’s share, up 23.9% in the third quarter and 2.0% year-to-date.
  • Following a record 2010 and considering the economic conditions, 2011 current consolidated result before tax, group’s share, from continuing operations still expected to be up around 5%.

Consolidated key figures of continuing operations

Year-on-year evolution

Q1 2011

HY 2011

Q3 2011

YTD 2011

Sales

+9.8%

+5.5%

+12.1%

+7.5%

Current consolidated result before tax, group's share

-3.7%

-5.9%

+23.9%

+2.0%

D'Ieteren

D'Ieteren is a group of services to the motorist founded in 1805, serving over 13 million customers in 33 countries in two areas:

- D'Ieteren Auto distributes Volkswagen, Audi, Škoda, Seat, Porsche, Bentley, Lamborghini, Bugatti and Yamaha vehicles across Belgium. It is the country's number one car dealer, with a market share of over 20% and more than one million vehicles of the distributed makes on the road. Sales in 2010: 2.7 billion euro.

- Belron (92.7% owned) is the worldwide leader in vehicle glass repair and replacement. 1,900 branches and 9,500 mobile vans, trading under more than 15 different brands including Carglass, Autoglass and Safelite Auto Glass, serve customers in 33 countries. Sales in 2010: 2.8 billion euro.

Financial Calendar

28 February 2012 – 2011 Full-year results

16 April 2012 – Annual Report 2011 available

10 May 2012 – Interim Management Statement

31 May 2012 – General Shareholders’ Meeting

4 June 2012 – Ex date

7 June 2012 – Payment date

28 August 2012 – 2012 Half-year results

8 November 2012 – Interim Management Statement

Contacts

Jean-Pierre Bizet, 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

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