D’Ieteren has seen consistent growth for the first half of 2018, according to the company’s second half financial reports released today. It’s adjusted result before tax group’s share increased by 17.8 percent.
The company’s adjusted result before tax, group’s share climbed to 31.1 percent – a drastic improvement. Also its solid sales evolution increased by 9.4 percent.
“D’Ieteren has previously communicated that it aims for a mid-to-high single digit improvement for its adjusted consolidated result before tax, group’s share1 in FY 2018,” the company said its release.
Belron also grew, its overall organic sales growth increased by just over 11 percent in both Europe and outside of Europe. The company report showed a 17.9 percent improvement in the adjusted operating result. Belron also had an increase of 0.5 percent increase for vehicle glass repair and replacement and grew year-over-year by 5.7 percent.
External sales for Belron rose by 8.3 percent in the first half of 2018, comprising an 11.2 percent organic growth, a 2.2 percent growth from acquisitions. Belron serviced 9.25 million consumers (of which 6.84 million in their Vehicle Glass Repair and Replacement [VRR]), a year-over-year increase of 11 percent.
The total number of customers Belron served stretched to 9.25 million, a year-over-year increase of 11 percent. According to the company, the core VGRR business showed strong growth with 6.84 million consumers served compared to 6.34 million in H1 2017. Belron expanded its claims management activities with 2.16 million customers served the first half of this year. That equates to a 0.27 million increase.
“Following the encouraging H1 2018 results, D’Ieteren now anticipates 10-15% growth,” the company released in its report.
To see the full report, click here.