Belron Sales Increase 11.5% in First Half of 2023

Belron, the parent of Safelite AutoGlass, reported higher sales for the first six months of 2023 as the company booked more jobs and boosted its recalibration revenues.

Belron’s sales totaled $3.07 billion for the first half of the year, an 11.5% increase over the same period in 2022.

The company says its prime jobs increased by 1.5%, which was “driven by recovery in U.S. opportunities in Q2.”

Belron’s adjusted profit before tax jumped by 34.8%, with its operating margin improving by 21.9%.

The company attributes its recent growth to “positive price / mix, increased recalibration revenues (penetration rate of 35.2%) and increased sales from value-added products and services (attachment rate of 22.2%).”

In North America, where Belron recorded 59% of its total sales, organic sales grew by 7.1%. Eurozone sales increased by 12.3%, while sales in the rest of the world increased by 18.8%.

On the sustainability front, Belron began the rollout of electric vehicles (EVs) in France, where the company says it’s on track to have a 100% EV technician fleet by the end of the year. It has introduced EVs in the U.S. and the U.K. on a trial basis.

Belron is a subsidiary of D’Ieteren Group, a Brussels, Belgium-based company which also owns D’Ieteren Automotive, D’Ieteren Immo, Moleskine, PHE (Parts Holding Europe) and TVH.

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3 Responses to Belron Sales Increase 11.5% in First Half of 2023

  1. Ian says:

    That’s good, they’re going to need additional revenue for the legal bills that their fraud situation will surely be generating!

  2. Barry says:

    I agree. By my calculations this could very well test there solvency.

  3. Matt says:

    Hmm I wonder if the revenue increase is from illegal monopoly and bending over independents?

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