Share article:
Share article:

19-million-euro impact for D’Ieteren

©Belga
©Belga

D’Ieteren, Belgian importer of VW vehicles, will continue to suffer from reduced sales early next year following the scandal involving rigged emissions tests, they revealed in a ‘trading update’ published during a meeting of investors in London on Tuesday. D’Ieteren reckon as well that the impact of the scandal on their 2015 operating income will reach nineteen million euros, though their annual forecast remains unchanged.

In the third quarter of this year, D’Ieteren stopped selling the vehicles involved. “We estimate a loss of 1,260 orders, representing 1% of annual sales,” explained the car dealership group.

As for costs, the current operating income of D’Ieteren Auto should show a loss of eight million euros. Extraordinary costs of eleven million were also mentioned. “These are reserves to cover the logistical cost of recalling vehicles,” explained a spokesperson.

In spite of it all, D’Ieteren’s forecasts are unchanged for the whole of the fiscal year; they expect a 20-25% hike in their pre-tax current profit. 

(Source: Belga)

Latest news

Increase in number of people ‘asking King for mercy’ through royal pardons
More and more people living in Belgium have been seeking royal pardons, mainly for fines, largely as a result of it now being possible to send in ...
England now accepting cheaper Covid tests from fully vaccinated travellers
Fully vaccinated travellers who enter England from non-red countries will only be required to book a lateral flow test to take following their ...
Re-introducing face masks indoors considered as Covid-19 situation worsens
Belgium's council of ministers will hold an emergency meeting on Monday to discuss the worsening epidemiological situation, and reintroducing face ...
Federal museums to receive €2.9 million booster shot
Federal museums will receive an additional €2.9 million in support from the government for the fiscal year 2021, of which the first payouts will be ...
European Parliament emphasises healthy food and animal welfare in EU Farm to Fork Strategy
The European Parliament adopted this week a resolution on the EU Farm to Fork Strategy calling for a fair, healthy and environmentally-friendly food ...
Threats of strike action could affect Brussels’ STIB network from Monday
Brussels public transport operator STIB's trams, buses and metros could be affected from Monday 25 October onwards as the union representing the ...
Number of international adoptions in Belgium continues to drop
The number of regulated international adoptions authorised by Belgium further dropped in 2020, continuing an ongoing decreasing trend. Last ...
Disaster drill with emergency services held at Brussels Airport
Around 300 people took part in a disaster drill held was organised on Saturday by Brussels Airport in collaboration with external emergency services ...
Austria presents bill to legalise euthanasia
Austria’s government on Saturday presented its proposals for legalising assisted suicide, in response to a Constitutional Court ruling that the ...
Brussels’ Museum Night Fever draws in some 12,000 visitors
Some 12,000 participants took part in the 14th edition of Museum Night Fever in Brussels, with the 29 participating museums filled to the maximum ...
Relaunch of 10,000 steps campaign to get Flemish people moving
The Flemish government is breathing new life into its 10,000 steps campaign to get people in the region moving after a recent survey found that a ...
‘No scientific basis’ for giving everyone third dose, vaccine expert says
The head of Belgium's Vaccination Taskforce has argued that there is not enough scientific evidence to support the Flemish government's decision to ...