D'Ieteren Group SA Reports Earnings Results for the Half Year Ended June 30, 2023
September 06, 2023
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D'Ieteren Group SA reported earnings results for the half year ended June 30, 2023. For the half year, the company reported sales was EUR 4,085.4 million compared to EUR 1,909.9 million a year ago. Net income was EUR 285.9 million compared to EUR 180.3 million a year ago.
Basic earnings per share from continuing operations was EUR 5.33 compared to EUR 3.34 a year ago. Diluted earnings per share from continuing operations was EUR 5.29 compared to EUR 3.3 a year ago.
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.