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1805 D'leterenGroup PRESS RELEASE : TRADING UPDATE INSIDE INFORMATION Thursday 27 May 2021 - 8:00 am CET Trading update Solid Q1-21 trends drive outlook upgrade Group Q1-21 sales summary The Group's combined ¹ sales increased by 7.8 % to € 1,990.8m . • • Belron's sales increased by 9.5 % , with all regions contributing to this positive top - line evolution . Volumes recovered and grew by 1.4 % versus Q1-20 , when operations at the end of the period were completely shut down in most of the regions . Besides the slight volume increase , sales growth was driven by a continuing positive price / mix effect , ADAS calibration fees and value - added products and services ( VAPS ) . D'leteren Automotive's sales increased with 6.1 % , and this in a Belgian new car market which declined by 7.5 % YoY in volume in the first quarter , and where D'leteren Automotive's net market share also declined somewhat by 98bps to 21.6 % . Delivered volumes were also impacted by factory supply issues ( shortage of components ) . The volume decline was more than compensated at the sales level by a positive price / mix . Moleskine's sales reached € 21.5m in Q1-21 , a 4.7 % decline compared to the same period last year . While sales grew in Americas and APAC , they were still strongly negatively impacted in EMEA as shops in several countries were still closed during the first quarter and wholesale customers remained cautious in reordering . Revised outlook 2021 While the timing of the end of the Covid - 19 crisis is still unknown , based on the absence of renewed or more severe lockdowns in its main operating regions , and given the year to date financial performance , D'leteren Group now expects its adjusted consolidated profit before tax , Group's share4 to grow by at least 45 % compared to € 332.7m in 2020 ( previous guidance : at least 25 % growth ) , excluding the impact of the refinancing at Belron announced on April 1st , estimated at € 12m group's share . This improvement is driven by Belron's and D'leteren Automotive's prospects and assumes a 53.75 % stake in Belron in 2020 and 2021 and average exchange rates that are in line with the rates that prevailed at the end of 2020 . General Meetings D'leteren holds its General Meetings today starting at 3.00pm . The Board of Directors will propose to distribute a gross dividend per share of € 1.35 to its shareholders . Also , should the resolution be adopted by the shareholders , the company's legal name will become D'leteren Group . Rue du Mail 50 - 1050 Bruxelles ( Belgium ) | tel .: +32 2 536 54 39 | fax : +32 2 536 91 39 VAT BE 0403.448.140 - Brussels RPM www.dieterengroup.com 1/5