Brief: D'Ieteren Sees New 2025 Ambitions Bringing Over EUR 950 Mln For Group KPI

D'Ieteren SA

28/04/2022 06:21

April 28 (Reuters) - D'Ieteren Group NV  IETB.BR :
    * D’IETEREN AUTOMOTIVE AMBITION IS TO INCREASE SALES BY MORE
THAN
10% CAGR OVER THE PERIOD 2021-25
    * ADJUSTED1 OPERATING PROFIT MARGIN IS EXPECTED TO REACH
MINIMUM
4% BY 2025 (VERSUS. 3.2% IN 2021)
    * D’IETEREN AUTOMOTIVE TO GENERATE MINIMUM €165M OF FREE
CASH-FLOW6 BY 2025
    * BELRON EXPECTS ITS SALES TO GROW BY A HIGH SINGLE DIGIT
PERCENTAGE ON AVERAGE OVER THE 2021-25 PERIOD.
    * MOLESKINE SHOULD DRIVE A LOW DOUBLE DIGIT TOP-LINE 2021-
2025
CAGR AND HELP TO REACH EBIT MARGINS OF AT LEAST 25% BY 2025
    * D’IETEREN GROUP CONFIRMS THE FY-22 OUTLOOK PROVIDED AT THE
BEGINNING OF THE YEAR AND PROVIDES THE Q1-22 SALES EVOLUTION OF
ITS BUSINESSES
    * FOR TVH, SALES ARE EXPECTED TO GROW ORGANICALLY5 BY C.8%
ON
AVERAGE PER YEAR BETWEEN 2021 AND 2025, WHILE EBIT MARGIN 
SHOULD REMAIN ABOVE 14% AND FREE CASH-FLOW6 SHOULD REACH AT
LEAST €170M BY 2025
    * AT THE GROUP LEVEL, EXCLUDING PHE’S CONTRIBUTION (FOR
WHICH
CLOSING IS EXPECTED BY THE END OF Q3-22), THESE AMBITIONS 
SHOULD TRANSLATE INTO MORE THAN €950M FOR THE GROUP’S KPI
(ADJUSTED1 PBT, GROUP’S SHARE)
    * D’IETEREN AUTOMOTIVE MARKET THE BELGIAN NEW CAR MARKET WAS
STRONGLY IMPACTED BY THE SUPPLY ISSUES DUE TO THE SHORTAGE OF
COMPONENTS (SEMICONDUCTORS AND CABLING SUBCONTRACTING IN
UKRAINE) IN THE FIRST QUARTER
    * THE SIGNIFICANT ADJUSTED FREE CASH-FLOW GENERATION AT
PORTFOLIO
COMPANIES OF CLOSE TO €2BN CUMULATIVE TO 2025 (GROUP’S  SHARE)
SHOULD ALLOW TO DELEVERAGE AND DISTRIBUTE SIGNIFICANT DIVIDENDS
TO D’IETEREN GROUP AND ENABLE IT TO PURSUE ITS  STRATEGIC
AMBITIONS

Source text for Eikon:  ID:nNDL7HmWKM 
Further company coverage:  IETB.BR 

 (Gdansk Newsroom)