D'Ieteren announces year-end results for 2010

Current consolidated result before tax, group's share, up 42.6% to 305.4 million EUR, (+35.5% at constant consolidation perimeter, excluding the net impact of the additional interest acquired in Belron, end 2009). This record result is due to outstanding performances in the three segments:

• D'Ieteren Auto and corporate activities: 64.9 million EUR, up 51.3% (+76.2% excluding the additional financial charge resulting from the additional interest acquired in Belron, end 2009), due to the strong growth (+14.9%) of the Belgian car market and the market share increase to 20.13% of the makes distributed by D'Ieteren Auto.
• Belron: 211.3 million EUR, up 40.5% (+23.3%, excluding the impact of the additional interest acquired in Belron, end 2009), due to higher sales and good cost control, despite higher glass costs, due to supply shortages, and media costs and adverse conditions in certain markets.
• Avis Europe: 29.2 million EUR, up 39.7%, due to the increase in rental revenue per day and utilisation rate, and lower financial charges. On a like-for-like basis, volumes are up.

• Group's share in the result for the period up 38.0% to 218.8 million EUR.
• Group's net debt almost stable at 1.8 billion EUR.
• Proposed gross dividend: 0.425 EUR per share (2009: 0,325 EUR per share).
• 2011 current consolidated result before tax, group's share, expected to be flat or slightly up after a record year 2010.

To find out more you can read the full press release.