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D'Ieteren SA (IETB.BR)

IETB.BR on Brussels Stock Exchange

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Latest Key Developments (Source: Significant Developments)

D'Ieteren H1 Consolidated Sales Under IFRS Up At 2.1 Billion Euros
Thursday, 30 Aug 2018 

Aug 30 (Reuters) - D'IETEREN SA ::FOR D’IETEREN AUTO DIVISION, IN 2018 EXPECTS LONGER DELIVERY LEAD TIMES FOR SEVERAL POPULAR MODELS.H1 CONSOLIDATED SALES UNDER IFRS AMOUNTED TO EUR 2,072.2 MILLION (+9.5%)..H1 CONSOLIDATED RESULT BEFORE TAX (UNDER IFRS) REACHED EUR 96.8 MILLION (EUR 62.7 MILLION IN H1 2017).NET CASH POSITION REACHED EUR 3.5 MILLION AT THE END OF JUNE 2018.BELRON AIMED AT MODERATE ORGANIC SALES GROWTH IN FY 2018, IT NOW EXPECTS CLOSE TO 10% GROWTH..BELRON’S ADJUSTED RESULT BEFORE TAX, GROUP’S SHARE1 IS EXPECTED TO RISE BY ABOUT 15% (PREVIOUS GUIDANCE: “HIGH SINGLE DIGIT GROWTH”) IN FY 2018.BELRON REVISED GUIDANCE ASSUMES AN AVERAGE USD/EUR RATE OF 1.18.UNCHANGED GUIDANCE FOR MOLESKINE IN FY 2018.  Full Article

D'Ieteren Q1 Group Combined Sales Rises By 3.5 Percent
Wednesday, 30 May 2018 

May 30 (Reuters) - D'IETEREN SA ::GROUP’S COMBINED SALES ROSE BY 3.5% IN 1Q 2018.UNCHANGED FULL-YEAR GUIDANCE.  Full Article

Belron Enters An Agreement To Acquire Assets And Operations Of Laser Group
Thursday, 21 Dec 2017 

Dec 21 (Reuters) - D'IETEREN SA ::BELRON ENTERS AN AGREEMENT TO ACQUIRE ASSETS AND OPERATIONS OF LASER GROUP.LASER GROUP PROVIDES SERVICES TO HOME OWNERS IN PLUMBING AND ELECTRICAL SERVICES IN AUSTRALIA AND NEW ZEALAND.  Full Article

D'Ieteren Aims At An Average Of 2 To 3 Pct Sales Growth For Next 5 Years
Tuesday, 12 Dec 2017 

Dec 12 (Reuters) - D'IETEREN SA ::D'IETEREN AUTO NOW AIMS AT AN AVERAGE OF 2-3% SALES GROWTH FOR NEXT 5 YEARS..ADJUSTED OPERATING MARGIN TARGET FOR D'IETEREN AUTO INCLUDING CORPORATE HAS BEEN UPPED FROM 2.5% TO >3% FOR NEXT 5 YRS.D'IETEREN AUTO PRE-TAX ROCE TARGET HAS BEEN INCREASED FROM 15% TO 20% FOR NEXT 5 YEARS.D'IETEREN AUTO YEAR-TO-DATE SALES AT END OF OCTOBER WERE UP 5.9% VERSUS SAME PERIOD LAST YEAR..  Full Article

D'Ieteren, Clayton, Dubilier & Rice Have Signed A Definitive Agreement
Tuesday, 28 Nov 2017 

Nov 28 (Reuters) - D'IETEREN SA ::CLAYTON, DUBILIER & RICE HAVE SIGNED A DEFINITIVE AGREEMENT REGARDING A PARTNERSHIP INVESTMENT IN BELRON​.‍AGREEMENT REGARDING ACQUISITION BY CD&R OF A 40% OWNERSHIP INTEREST IN BELRON GROUP​.‍D'IETEREN AND MANAGEMENT TO RETAIN REMAINING 60% OWNERSHIP INTEREST IN COMPANY​.‍PROPOSED TRANSACTION VALUES BELRON AT EUR 3 BILLION​.  Full Article

D'Ieteren and Clayton, Dubilier & Rice enter discussions regarding partnership investment in Belron
Sunday, 19 Nov 2017 

Nov 19 (Reuters) - D'Ieteren SA ::‍D'IETEREN AND CLAYTON, DUBILIER & RICE ENTER EXCLUSIVE DISCUSSIONS REGARDING PARTNERSHIP INVESTMENT IN BELRON​.D'IETEREN SA - ‍ENTERED INTO EXCLUSIVE DISCUSSIONS UNDER WHICH DUBILIER & RICE​-MANAGED FUNDS WOULD ACQUIRE A 40% OWNERSHIP INTEREST IN BELRON GROUP.‍UNDER PROPOSED AGREEMENT, D'IETEREN AND MANAGEMENT WOULD RETAIN REMAINING 60% OWNERSHIP INTEREST IN COMPANY​.D'IETEREN - ‍PROPOSED TRANSACTION WOULD VALUE BELRON AT EUR 3 BILLION (ENTERPRISE VALUE) WHICH TRANSLATES INTO AN EQUITY VALUE OF ABOUT EUR 1,550 MILLION​.‍PROPOSED TRANSACTION IS SUBJECT TO AN INFORMATION AND CONSULTATION PROCESS WITH BELRON'S FRENCH WORKERS COUNCIL​.‍PROPOSED TRANSACTION IS ALSO SUBJECT TO APPROVAL OF RELEVANT REGULATORY AND COMPETITION AUTHORITIES​.  Full Article

D'Ieteren's subsidiary Belron acquires Maisoning Group in France‍​
Thursday, 19 Oct 2017 

Oct 19 (Reuters) - D'IETEREN SA ::SUBSIDIARY BELRON ENTERS HOME REPAIR MARKET IN EUROPE THROUGH ACQUISITION OF MAISONING GROUP IN FRANCE‍​.  Full Article

D'Ieteren FY operating income falls to 133.7 million euros
Monday, 6 Mar 2017 

D'Ieteren SA : FY consolidated sales amounted to 6,471.7 million euros ($6.85 billion), up by 7.2 pct compared to 2015 . FY operating income 133.7 million euros vs 234.8 million euros year ago . FY consolidated result before tax reached 99.6 million euros in 2016 compared to 196.4 million euros in 2015 . Proposes to increase the gross dividend from 0.90 euro per share for 2015 to 0.95 euro per share for 2016 . For 2017 co aims at an adjusted consolidated result before tax, group’s share, that is about 10 pct higher compared to 241.6 million euros in 2016 . For 2017 D’Ieteren Auto aims at a slightly higher adjusted result before tax, group’s share, thanks to market share gains . For 2017 Belron’s adjusted result before tax, group’s share, expected at 19.0 million euros in 2017 versus 9.5 million euros in 2016 .Moleskine is expected to grow its adjusted result before tax, group’s share, by more than 10 pct in 2017.  Full Article