Reports First-Quarter Growth of 17 Percent in Sales
May 18, 2009
Belron S.A. has reported growth of 17 percent during the first
quarter of 2009, with 12 percent organic growth and 5 percent from
acquisitions. The company reports that its total repair and replacement
jobs grew by 17 percent.
In Europe, the company reported that it achieved sales growth of
around 14 percent, consisting of 18 percent organic growth and 1
percent acquired growth, and offset by an adverse currency impact
of 5 percent, due to the weak pound in Great Britain, according
to a statement issued by Belron's parent company, D'Ieteren.
"The sales growth was delivered through increased marketing
activities and by maintaining close relationships with insurers
and fleet partners," reads the statement. "The Northern
European businesses also benefited from very favorable winter weather
conditions compared to 2008."
The company attributes its acquisition growth in Europe to the
purchase of Mobilglass of Denmark in November 2008 (CLICK
HERE for related story).
Outside Europe, Belron reports sales growth of around 22 percent,
comprising 4 percent organic growth and 12 percent acquired growth.
The purchase of Diamond Glass resulted in the growth, the company
"In the [United States], the continued investment in marketing
activities has enabled the business to grow despite the challenging
market conditions," reads the statement.
Belron also pointed out that it has signed a franchise agreement
to open branches in Chile.
The company did not offer specific numbers for the growth reported
in monetary figures.
HERE for full text of report from D'Ieteren.
Need more info and analysis about the issues?
HERE to subscribe to AGRR magazine.