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D'IETEREN ANNOUNCES 2008 HALF-YEAR RESULTS

D'Ieteren announces 2008 half-year results 
29.08.08


Current result before tax, group's share, slightly down 4.5% to EUR 102.3 million.

  • Automobile distribution and Corporate activities : down 10.5% to EUR 53.5 million due to a slight sales decline caused by supply delays, and to higher marketing costs linked to the biennial car show.
  • Vehicle glass : up 11.9% to EUR 54.4 million, as a result of sustained organic and acquired growth, and despite adverse currency impact and a mild winter.
  • Car rental : down from EUR -1.3 million to EUR -5.6 million due to increased fleet costs mainly due to weak used car markets in Spain and the UK, and the prior year benefiting from property disposals, despite continued volume  growth, further improvement in rental revenue per day and strong performance by licensees.

Group's share in the result for the period up 30.1% to EUR 87.3 million.

You can find out more in the full press release


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