Brief: D'Ieteren Group FY Adjusted Profit Up At Eur 970.8 Mln

D'Ieteren SA

05/03/2024 16:57

March 5 (Reuters) - D'Ieteren Group NV  IETB.BR :
    * 2023 FULL-YEAR RESULTS
    * FOR 2024, D'IETEREN GROUP EXPECTS ITS ADJUSTED PROFIT
BEFORE
TAX, GROUP'S SHARE TO GROW BY A MID-TO HIGH SINGLE DIGIT
PERCENTAGE YOY
    * FY ADJUSTED CONSOLIDATED PROFIT BEFORE TAX, GROUP'S SHARE
REACHED EUR 970.8 MLN, UP BY 28.1% COMPARED TO 2022
    * FY FREE CASH FLOW GROUP'S SHARE REACHED EUR 605.4 MLN
VERSUS EUR
49.0 MLN IN 2022
    * FY CONSOLIDATED PROFIT BEFORE TAX UNDER IFRS REACHED EUR
612.9
MLN (EUR 388.8 MLN IN 2022)
    * FY REVENUE EUR 7.98 BILLION VERSUS EUR 4.71 BILLION YEAR
AGO
    * NET CASH POSITION OF "CORPORATE & UNALLOCATED" AMOUNTED TO
EUR
1,188.3 MLN AT THE END OF 2023
    * PROPOSES A GROSS ORDINARY DIVIDEND OF EUR 3.75 PER SHARE
    * FY OPERATING RESULT EUR 375.6 MILLION VERSUS EUR 201.5
MILLION
YEAR AGO
    * OUTLOOK 2024: BELRON EXPECTS A MID-TO HIGH SINGLE DIGIT
ORGANIC
SALES GROWTH DUE TO PRICE / MIX AND INCREASED ADAS RECALIBRATION
PENETRATION WITH LOW SINGLE DIGIT VOLUME GROWTH AND A NORMALISED
INFLATION RATE
    * OUTLOOK 2024: BELRON FREE CASH FLOW IS EXPECTED TO REMAIN
AT
HIGH LEVELS

Source text for Eikon:  ID:nNDL9sBxlb 
Further company coverage:  IETB.BR 

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