Belron Reports 15.6 Percent Increase in External
Sales Worldwide for 2010
March 1, 2011
Belron's Full-Year Results
(in U.S. dollars)
|Total External Sales
|Total Operating Result
Belron has reported a 15.6 percent growth in external sales for
2010, when compared with 2009. The numbers were released as part
of parent company D'Ieteren's year-end financial report.
The company says it achieved total external sales of $3,337.3
million U.S. dollars (2,800.9 million Euros) during 2010, compared
with $3,857.7 million U.S. dollars (2,423.2 million Euros) in 2009.
Belron's total number of jobs for the year grew by 9.3 percent-up
to 11.7 million from 10.7 million in 2009, according to the report.
Belron's total operating result was up 12.8 percent-at $324.2 million
U.S. dollars (235.4 million Euros), compared with $287.3 million
U.S. dollars (208.6 million Euros) in 2009.
The company points out that 54 percent of its work for 2010 was
mobile (and 46 percent done in-shop). Replacement jobs comprised
70 percent of the total jobs, and 56 percent of all jobs were completed
in Europe. (A breakdown wasn't provided outside Europe.)
Within Europe, the company experienced a 14 percent growth in sales,
made up of 11 percent organic, 2 percent acquired and a positive
currency impact of 1 percent due to the stronger British pound.
Outside Europe, Belron reports sales growth for the year of 18 percent,
made up of 5 percent organic, 3 percent acquired and 10 percent
from currency translation.
Belron attributes the increases for the year to "higher sales
across the portfolio of businesses, lower long-term executive incentive
scheme costs and a favorable currency impact and despite higher
glass costs due to supply shortages, higher media costs and adverse
market conditions in Canada and Brazil."
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