D'Ieteren Releases 2012 Half-Year Financial
Results for Belron
August 31, 2012
by Katie O'Mara, email@example.com
Belron's external sales are down 4.6 percent and total worldwide repair
and replacement jobs are down 9.6 percent for 2012, when compared
with 2011, according to the most recent financial report
released by the company's Belgium-based parent company, D'Ieteren.
According to the report, unusually mild winter weather and weak economic
trading conditions are the leading causes for the decline in sales
and jobs in 2012.
"The sales for the period show that the market is still challenging,
but the volume trend is gradually improving from that of the beginning
of the year. Belron is continuing to increase market share, however
not sufficiently to completely offset the current market declines,"
reads D'Ieteren's report.
D'Ieteren reported so far in 2012, 55 percent of the company's jobs
are mobile and that 71 percent of the calls are replacement jobs,
while 29 percent are repair jobs.
The company maintains a positive outlook for the rest of 2012 and
intends to begin restructuring certain parts of the business.
"The outlook for the remainder of the year remains challenging
with continuing pressure expected from the economic conditions that
will result in overall yearly sales being lower than last year. However,
cost savings resulting from the various restructuring activities are
now beginning to be realized. Belron remains committed to delivering
outstanding service to its customers, its insurance and fleet partners
and improving the operational efficiency," reads the report.
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