M me dans les virages, D'Ieteren acc l re encore
Article Abstract:
The good results posted in the first-half of 1998 by Belgium car distribution group, Ieteren, are expected to continue to progress in the second-half of the year and in 1999. Ieteren controls 19.2% of the Belgian automobile sales market, and also owns 56.9% of the UK-based car hire firm, Avis Europe. Overall turnover for the group was up 16% at BFr 52.87bn, from BFr 45.53bn in the same period of 1997. Consolidated before-tax group share current profits were up 55% at BFr 1.97bn, sales activity represented BFr 1.01bn of the total current profits (+35%), whereas hire activity represented BFr 961mn (+83%). Consolidated net profits were down at BFr 1.68bn, from BFr 3.09bn in 1997. However, this is due to capital gains of BFr 2.16 in the first-half of 1997 from the sale of Avis shares.
Comment:
Controls 19.2% of Belgian automobile sales market & also owns 56.9% of the UK-based car hire firm, Avis Europe
Publication Name: Echo (Belgium)
Subject: Business, international
ISSN: 0776-409X
Year: 1998
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Agim: le budget m dicaments est toujours sous- valu
Article Abstract:
According to the General Association of the Medication Industry (AGIM) the total medical care expenditures in Belgium are estimated at BFr 461.6bn in 1998 of which BFr 79.9bn was for reimbursement of medications. The overrun is estimated at BFr 8.6bn, of which BFr 4.8bn is for medications. However, when the data for INAMI's funds are examined for the first seven months of 1998, medical insurance expenditures were up 4.6%, compared with a 5.4% rise authorised for the full year. Therefore the AGIM thinks that there are no signs leading one to fear exceeding BFr 8.6bn. For the 1999 budget, the total expenditure is forecast at BFr 472bn, of which BFr 83.7bn is for medications.
Comment:
Belgium: Medical care expenditures are estimated at BFr461.6 bil in 1998, w/ BFr79.9 bil for reimbursement of medications
Publication Name: Echo (Belgium)
Subject: Business, international
ISSN: 0776-409X
Year: 1998
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Horizon toujours sans nuages pour le groupe D'Ieteren
Article Abstract:
D'Ieteren expects to return to a market share of more than 20% before 31 December 1998, from 18.9% today. The Belgian car imports specialist (Audi, VW and Porsche) expects all its brands to contribute to this increase, in addition to taking advantage of the good level in the book of orders and the general context with 410,000 car registrations expected in 1998 from 397,000 in 1997. The company will distribute a net dividend of BFr 45 as part of the 1997 results. That year, the company increased its consolidated post-tax profit to BFr 4.3bn from BFr 1.6bn in 1996.
Comment:
Belgian car imports specialist expects to return to a market share of more than 20% before 12/31/98, from 18.9% today
Publication Name: Echo (Belgium)
Subject: Business, international
ISSN: 0776-409X
Year: 1998
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Comment about this article or add new information about this topic:
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