Brief: D'Ieteren FY Adj. Net Profit Group Share Up At EUR 528.8 Mln

D'Ieteren SA

08/03/2023 17:25

March 8 (Reuters) - D'Ieteren Group NV  IETB.BR :
    * 2022 THE ADJUSTED CONSOLIDATED PROFIT BEFORE TAX, GROUP’S
SHARE
– CAME IN AT €733.4M, UP 50.9% COMPARED TO 2021 INCLUDING PHE
AND 42.9% EXCLUDING PHE
    * FOR 2023 D’IETEREN GROUP EXPECTS ITS ADJUSTED PROFIT
BEFORE TAX,
GROUP’S SHARE TO BE AROUND €900M
    * D’IETEREN AUTOMOTIVE POSTED A FY 33.2% GROWTH IN ADJUSTED
PROFIT
BEFORE TAX
    * IMPROVEMENT IS EXPECTED TO BE DRIVEN BY THE CONTINUED
GROWTH
FROM THE BUSINESSES AND THE FULL-YEAR CONTRIBUTION FROM PHE
(VERSUS ONLY THE LAST FIVE MONTHS IN 2022)
    * OUTLOOK 2023 BELRON: BELRON HIGH SINGLE DIGIT ORGANIC
SALES
GROWTH DUE TO PRICE / MIX AND INCREASED ADAS RECALIBRATION
PENETRATION AND VAPS CONTRIBUTION IN AN ENVIRONMENT OF LOW
VOLUME GROWTH
    * MOLESKINE, STILL IMPACTED BY COVID-19 DISRUPTIONS IN ASIA,
GREW
ITS REVENUES BY 17.8% AND ITS FY ADJUSTED OPERATING PROFIT1 OF
€21.2 MILLION WAS 72.4%
    * OUTLOOK 2023 BELRON: ADJUSTED OPERATING RESULT MARGIN TO
IMPROVE
BY AT LEAST 150BPS VERSUS 2022
    * FY FREE CASH FLOW GROUP’S SHARE REACHED €48.4 MILLION
    * OUTLOOK 2023 AUTOMOTIVE: D’IETEREN AUTOMOTIVE THE BELGIAN
MARKET
IS EXPECTED TO PROGRESSIVELY RECOVER FROM DEPRESSED LEVELS, AND
460,000 NEW REGISTRATIONS ARE EXPECTED IN 2023 (VERSUS 366,303
IN 2022)
    * THE BOARD OF DIRECTORS PROPOSES A GROSS ORDINARY DIVIDEND
OF
€3.00 PER SHARE RELATED TO THE FINANCIAL YEAR 2022 (VERSUS €2.10
IN 2021)
    * 2022 CONSOLIDATED SALES UNDER IFRS AMOUNTED TO €4,714.6M
(+40.3%
YOY)
    * 2022 ADJUSTED NET PROFIT, GROUP’S SHARE, REACHED €528.8M
(50.01%
STAKE IN BELRON) COMPARED TO €366.5M (52.88% STAKE IN BELRON) IN
2021
    * 2022 ADJUSTED OPERATING RESULT REACHED -€6.8M VERSUS
-€7.3M IN
2021

Source text: bit.ly/3LbydLc
Further company coverage:  IETB.BR 

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