Repurchase and disposal of treasury shares associated with the treasury share repurchase program and liquidity contract
– This is a summary. For more details, please refer to the full press release –
In accordance with Articles 8:4 and 8:6 of the Royal Decree of April 29, 2019 on the application of the Companies and Associations Act, D’Ieteren Group announces that it has acquired the Euronext Brussels regulated market and/or the MTF, and continues to operate with an over-the-counter (OTC) disposition. ) in private equity between October 26 andVerse November 2022.
The Extraordinary General Assembly held on May 31, 2018 renewed the powers of the Board of Directors to purchase and dispose of shares for a period of 5 years.
The total number of treasury shares owned by the D’Ieteren Group is 1,170,780 in 1Verse November 2022. The number of common shares is 54,367,928.
– end of summary –
Founded in 1805, the D’Ieteren Group aims through several family generations to grow and create value by pursuing a long-term strategy for its activities and supporting its development as a leading company in its sectors and geographies. The group currently owns the following companies:
- Belron (50.01%) has a clear goal: “Make a difference by participating with genuine care in solving customer problems.” As the world’s leading vehicle glass repair and replacement company, Belron operates in 37 countries through wholly-owned companies and franchises, with market-leading brands – including Carglass®, Safelite® and Autoglass®. In addition, the company handles auto glass and other claims on behalf of insurance company clients. Sales and earnings before interest and taxes (EBITA) amounted to €4,647 million and €815 million respectively in FY21.
- D’Ieteren Auto (100%) distributes Volkswagen, Audi, Seat, Škoda, Bentley, Lamborghini, Bugatti, Cupra, Rimac and Porsche cars in Belgium. It owns more than 23% market share and has 1.2 million vehicles in circulation. Its business model is currently evolving to “deliver more flexible, accessible, and more sustainable mobility solutions to improve the lives of citizens on a daily basis.” Sales and earnings before interest and tax (EBITA) amounted to €3,239 million and €103 million respectively in FY21.
- PHE (91%) is a leading independent distributor of vehicle spare parts in Western Europe, with presence in France, Belgium, the Netherlands, Luxembourg, Italy and Spain. Its mission is to “promote sustainable and affordable mobility”. The company generated revenues of €2.0 billion and EBITDA of €246 million in FY21.
- HST (40%) is a leading independent global distributor of parts for material handling, construction, industrial and agricultural equipment. It is present in 26 countries around the world. It has a unique operating model and a clear goal “to enable customers to continue to grow”.
- the mole (100%) is an aspirational brand that develops and sells iconic things like the legendary Moleskine notebook and writing, travel and reading accessories, through an international multi-channel platform. Its ambition is to “unleash human genius through hand-on-paper production to allow the creativity and knowledge of each individual and the world at large to express itself”. Sales and earnings before interest and tax (EBITA) amounted to €122 million and €12 million respectively in FY21.
- D’Iteren Immo (100%) manages the real estate interests of the D’Ieteren Group in Belgium. It owns and operates 37 sites generating €21.7 million in net rental income in FY21. It is also responsible for investment projects and studies for the possibility of restoring some sites.
Francis Deprez, chief executive officer
Arno Laviolette Chief Financial Officer
Stephanie Voisin, Investor Relations – Phone: + 32 (0) 2536.54.39
D’Ieteren NV Post this content on November 02, 2022 He is solely responsible for the information contained therein. Distributed through publicunedited and amended, dated Nov 02, 2022 17:04:04 PM UTC.
Trends Technical Analysis D’IETEREN GROUP
|Short term||middle limit||Long term|
The evolution of the income statement
|Average recommendation||He buys|
|number of analysts||3|
|The last closing price||181.50 euros|
|Average target price||207.67 euros|
|Deviation/average of target||14.4%|
Officers and directors