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D’IETEREN, September 9th 2023

Dieteren Group pursued its growth path during the first semester, driven by a generally strong operational performance and the consolidation of PHE. The Group’s key performance indicator (KPI) – the adjusted consolidated profit before tax, Group’s share – reached €548.9m, up by 46.5% compared to H1-22 (restated at €374.8m, see below) including PHE, and with Belron at 50.07% for both periods. On a like-for-like basis, excluding PHE, the KPI grew by 25.6% YoY.Following this strong H1-23, D’Ieteren Group revises its guidance slightly upwards, now expecting its adjusted profit before tax, Group’s share to be above €960m including the additional interest costs linked to Belron’s term loan issuance in April 2023. This upgrade takes into account a good operational performance of its businesses, as well as the reclassification of share-based payment expenses and other long-term incentive plans as adjusting items at D’Ieteren Automotive, Moleskine, TVH, PHE and Corporate & Unallocated segments (€31.1m in H1-23 and c.€50m expected for the full-year).

Date de publication :09/09/2023

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