Brief: D'Ieteren Group Announces Its CFO Has Decided To Retire

D'Ieteren SA

25/05/2023 06:15

May 25 (Reuters) - D'Ieteren Group NV  IETB.BR :
    * GROUP Q1-23 SALES SUMMARY
    * GROUP'S COMBINED SALES (INCLUDING BELRON AND TVH AT 100%)
INCREASED BY 45.1% TO EUR 3,826.6M
    * MAINTAINS ITS GUIDANCE FOR A FY-23 ADJUSTED PROFIT BEFORE
TAX,
GROUP'S SHARE OF AROUND EUR 900M, NOW INCLUDING C.EUR 20M OF
ADDITIONAL INTEREST COSTS (GROUP'S SHARE) LINKED TO BELRON'S NEW
TERM LOAN ISSUANCE
    * GUIDANCE ASSUMES NO FURTHER ESCALATION IN GEOPOLITICAL
TENSIONS
NOR NEW MAJOR UNFORESEEN EVENTS AND IN A MACROECONOMIC
ENVIRONMENT CHARACTERISED BY LIMITED DEMAND GROWTH AND CONTINUED
INFLATION
    * BOARD OF DIRECTORS WILL PROPOSE TO DISTRIBUTE A GROSS
ORDINARY
DIVIDEND OF €3.00 PER SHARE TO ITS SHAREHOLDERS.
    * ARNAUD LAVIOLETTE HAS ANNOUNCED TO BOARD THAT HE HAS
DECIDED TO
RETIRE FROM GROUP IN COMING MONTHS
    * PROCESS TO NOMINATE A SUCCESSOR AND ORGANIZE TRANSITION IS
ONGOING

Source text: tinyurl.com/2xcj7bsp
Further company coverage:  IETB.BR 

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