D'Ieteren Group (MEX:DIE)
MXN 3291.1 0 (0%) Market Cap: 198.95 Bil Enterprise Value: 210.56 Bil PE Ratio: 21.37 PB Ratio: 3.06 GF Score: 88/100
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Half Year 2020 D'Ieteren SA Earnings Call Transcript

Aug 27, 2020 / 04:00PM GMT
Release Date Price: MXN1205.25
Francis Deprez;Ieteren SA;CEO
D

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Good evening, everyone. Welcome on behalf of myself, Francis Deprez; and my colleague, Arnaud Laviolette, to this video call on our half year 2020 results. A couple of key takeaways that I hope you will get from this video call before we dive into the numbers that we published about 10, 15 minutes ago on our website and sent around in our distribution e-mail list.

Well, first of all, it's, of course, been quite an unusual first half, not surprisingly, given the COVID-19 epidemic. And in particular, in the second quarter, with the trough in April, we have seen strong impact of all these measures on the activity levels of our businesses. But nevertheless, we are particularly satisfied with a couple of things. And there's 3 I would like to single out at the beginning of this video call.

First of all, Belron managed, despite the circumstances, to increase its EBITDA margin with 1 percentage point, so a good to 106 basis points, thanks to determined actions. And we're very satisfied with that.

Second, both Belron

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