D'Ieteren beats 'high' expectations, shares rise
28/04/2022 09:39
** Shares in D'Ieteren IETB.BR rise 3% after the Belgian
car distributor posted a much better Q1 across the board and
solid 2025 targets
** The company posted Q1 results above 5%-13% above ING's
estimates, while 2025 targets for Belron, Auto, Moleskine
divisions, profit before tax of 950 million euros ($1.00
billion), and free cash flow for the whole group are above both
ING's and KBC's estimates
** "Although expectations were high, guidance across most
divisions came in above our estimates, as did its key KPI", says
KBC, reiterating "buy" as it is "pleased" with the results
($1 = 0.9489 euros)
(Reporting by Michal Aleksandrowicz)
((michal.aleksandrowicz@tr.com))