Belron Reports 15.6 Percent Increase in External Sales Worldwide for 2010
March 1, 2011

Belron's Full-Year Results (in U.S. dollars)
2009 2010 Percent Change
Total Jobs 10.7 million 11.7 million +9.3 percent
Total External Sales $3,337.3 million $3,857.7 million +15.6 percent
Total Operating Result $287.3 million $324.2 million +12.8 percent

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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