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Interim Management Statement for the trading period ending 31 March 2013

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16 May 2013 - Results

Summary of the first quarter

  • Consolidated sales down 5.5% (-4.8% on a like-for-like basis1).
    • D’Ieteren Auto: sales down 10.7% (-9.7% on a like-for-like basis1). Market share of 20.84% in a broadly stable market;
    • Belron: sales up 1.6%, consisting of an organic growth of 1.6%, an acquisition growth of 2.7%, a negative currency translation effect of 0.5% and an unfavourable calendar effect of 2.2%.
  • Current consolidated result before tax, group’s share, down 1.4%.


  • Given that the start of the year (including April) is broadly in line with expectations, D’Ieteren still expects its 2013 current consolidated result before tax, group’s share, to decline by
    10 to15% compared with 2012.

Consolidated key figures

Q1 2013 - Year-on-year evolution


-5.5% (-4.8%1)

- D’Ieteren Auto

-10.7% (-9.7%1)

- Belron


Current consolidated result before tax, group’s share


1 At the start of 2012, D’Ieteren SA and Volkswagen Financial Services AG created a joint venture, Volkswagen D’Ieteren Finance SA (VDFin), to which D’Ieteren contributed its subsidiary D’Ieteren Lease, and which is accounted for using the equity method since 1st January 2012. So that the 2013 performance can be compared with 2012, sales of used cars by D’Ieteren S.A. on behalf of VDFin during January-February 2012 have been restated as if they were made by VDFin.


D'Ieteren is a group of services to the motorist founded in 1805, serving some 11 million corporate and end customers in 34 countries in two areas:

- D'Ieteren Auto distributes Volkswagen, Audi, Seat, Škoda, Bentley, Lamborghini, Bugatti, Porsche and Yamaha vehicles across Belgium. It is the country's number one car distributor, with a market share of more than 22% and more than one million vehicles of the distributed makes on the road.
Sales in 2012: EUR 2.8 billion.

- Belron (94.85% owned) is the worldwide leader in vehicle glass repair and replacement. 2,199 branches and 8,863 mobile vans, trading under more than 10 major brands including Carglass®, Autoglass® and
Safelite® AutoGlass, serve customers in 34 countries. Sales in 2012: EUR 2.7 billion.

Financial Calendar

30 May 2013

General Shareholders’ Meeting

5 June 2013

Ex date

10 June 2013

Payment date

29 August 2013

2013 Half-year results

14 November 2013

Interim Management Statement


Jean-Pierre Bizet, Chief Executive Officer

Benoit Ghiot, Chief Financial Officer

Vincent Joye, Financial Communication - Tel: + 32 (0)2 536.54.39

E-mail: – Website:

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