• Most Popular
  • Most Shared

UPDATE 1-D'Ieteren says Q1 pretax result down about 6 pct

Fri May 15, 2009 2:56am EDT

Stocks

   

* Repeats sees 2009 pretax pft down by about 10 pct vs 2008

* Says D'Ieteren Auto sales declined by about 10 pct in Q1

* Says D'Ieteren Auto improving market share continuously

(Adds detail)

BRUSSELS, May 18 (Reuters) - Belgium's largest car distributor D'Ieteren (IETB.BR) said on Friday its first-quarter pretax profit was down about 6 percent, and repeated it saw its full-year result down about 10 percent from 2008.

It said D'Ieteren Auto sales dropped by about 10 percent in the first quarter, though it said D'Ieteren Auto was improving its market share continuously.

D'Ieteren has a majority stake in Europe's biggest car rental company Avis (AVE.L) and in Belron, a vehicle glass repair and replacement business.

D'Ieteren distributes the Volkswagen (VOWG.DE), Seat, Audi, Skoda, Bentley, Porsche (PSHG_p.DE) and Lamborghini brands.



More from Reuters

Ex-wife sues SAC's Cohen, alleges insider trading

NEW YORK/BOSTON (Reuters) - Hedge fund magnate Steven A. Cohen was accused by his former wife on Wednesday of hiding millions of dollars from her and of engaging in insider trading in a high-profile merger in the 1980s.

» More Top News
An an exit sign is pictured in New York City October 14, 2006. REUTERS/Lucas Jackson
Interview:

No stimulus exit in sight

The man who predicted the fallout from the property bubble says it's still too early to talk about exiting easy money policies. In fact, more stimulus is on the way.  Full Article 

ECONOMY
The tail section of the turboprop MQ-9 Predator B drone is seen on the tarmac at Fort Huachuca, Arizona, December 5, 2006.

Just don't say the D-word

In the high-testosterone world of military jets, the words "drone" and "unmanned aerial vehicle" don't fly. Now there's a new term in town.  Full Article 

AEROSPACE & DEFENSE SUMMIT