D'Ieteren : proposes to allocate the dividend increase to a solidarity program

PRESS RELEASE:

INSIDE INFORMATION

Monday 27 April 2020 - 8:00 am

D'Ieteren proposes to allocate the dividend increase

to a solidarity program

.

The Board of Directors of D'Ieteren SA has decided to modify its profit distribution proposal and will propose to the General Meeting a gross dividend per share that is stable compared to last year's (EUR 1.00) and to allocate the initially planned dividend increase of EUR 0.15 per share to a solidarity program that will help employees of D'Ieteren Group who may suffer hardship as a consequence of the Covid-19 crisis. This program will also be open to personal contributions from Board members, managers and employees of the Group.

Francis Deprez, CEO explains: "We are in the midst of an unprecedented crisis and I would like to thank our employees for their commitment to serving our customers and the communities in which they live. The resources raised by the program will enable us to help the most vulnerable colleagues in a spirit of solidarity and gratitude. It also complements the local initiatives that are already being made by the Group's different companies".

The Board of Directors noted collegially that "for 215 years, the D'Ieteren Group has counted on the commitment and dedication of its employees. In a context as new as that of a global pandemic, the extent of the damage is uncertain. Caring for others is one of the five core values of the group, D'Ieteren strives to reduce the level of uncertainty and support its employees in these times."

End of press release

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PRESS RELEASE:

INSIDE INFORMATION

Monday 27 April 2020 - 8:00 am

GROUP PROFILE

In existence since 1805, and across family generations, D'Ieteren seeks growth and value creation by pursuing a strategy on the long term for its businesses and actively encouraging and supporting them to develop their position in their industry or in their geographies. The Group has currently the following activities:

• D'Ieteren Auto distributes Volkswagen, Audi, SEAT, Škoda, Bentley, Lamborghini, Bugatti, Porsche and Y amaha vehicles in Belgium. It has a market share of around 22% and 1.2 million vehicles on the road. Its business model is evolving towards improving the lives of citizens with fluid, accessible and sustainable mobility. Sales and adjusted operating result reached respectively EUR 3.6 billion and EUR 119.0 million in FY 2019.
• Belron (54.85% of the voting rights) has a clear purpose: "making a difference by solving people's problems with real care". It is the worldwide leader in vehicle glass repair and replacement and operates in 39 countries, through wholly owned businesses and franchises, with market leading brands - including Carglass®, Safelite® and Autog lass®. In addition, Belron manages vehicle glass and other insurance claims on behalf of insurance customers. Sales and adjusted operating result reached respectively EUR 4.2 billion and EUR 400.5 million in FY 2019.
• Moleskine (100% owned) is a premium and aspirational lifestyle brand which develops and sells iconic branded notebooks and writing, travel and reading accessories through a multichannel distribution strategy across 114 countries. Sales and adjusted operating result reached respectively EUR 163.9 million and EUR 18.6 million in FY 2019.
• D'Ieteren Immo (100%) groups together the Belgian real estate interests of D'Ieteren Group. It owns and manages approximately 30 properties which generated EUR 19.7 million net rental income in FY 2019. It also pursues investment projects and carries out studies into possible site renovations.

FINANCIAL CALENDAR

			Last five press releases		Next events
	(with the exception of press releases related to the repurchase or sale of own shares)
	6	April 2020			COVID-19: impact and measures	28 May 2020		General Assembly
	16 March 2020			Daniela Riccardi appointed as CEO of	27 August 2020		2020 Half-Year Results
			Moleskine
	5	March 2020			2019 Full-year Results
	8	February 2020			D'Ieteren acquires additional preference
			shares in Belron from CD&R
					Belron has successfully allocated its
	26 October 2019			new term loans of EUR 850 million
					equivalent

CONTACTS

Francis Deprez, Chief Executive Officer

Arnaud Laviolette, Chief Financial Officer

Pascale Weber, Investor Relations - Tel: + 32 (0)2 536.54.39

E-mail: [e-mail]- Website: www.dieteren.com

Rue du Mail 50 - 1050 Brussels (Belgium) Ɩ tel.: [phone] Ɩ fax: [phone]

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VAT BE 0403.448.140 - Brussels RPM Ɩ www.dieteren.com/en