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D'Ieteren announces full-year results for 2008

Current result before tax, group's share, EUR 191.7 million, lower by only 1.3% vs a record year 2007


  • Automobile Distribution and Corporate activities: EUR 60.6 million, down 18.9% vs a record year 2007. Contribution from new vehicle sales growth was more than offset by marketing costs increases and losses on sales of less-than-a-year-old used cars
  • Vehicle Glass: EUR 108.6 million, up 11.3%, primarily due to sustained organic growth, despite a deteriorating economy and lower miles driven
  • Car Rental: EUR 22.5 million, up 2.3%; strongly resilient performance in 2008, despite deteriorating trading environment

Group's share in the result for the period1: EUR 32.2 million (2007 : EUR 127.7 million), after a non-cash impairment charge on the investment in Avis Europe

Stable gross dividend proposed: EUR 3.00 per share

You can find our more by reading the full press release.


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