Tag Archives: D’Ieteren Group

D’Ieteren Group, Owner of Belron, Boasts 2023 Financial Success

On March 5, 2024, D’Ieteren Group held a conference call presenting the results of its 2023 financial year, displaying solid growth. D’Ieteren Group is a Belgium-based company that maintains a portfolio of businesses including Belron, D’Ieteren Automotive, D’Ieteren Immo, Moleskine, … Continue reading

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D’leteren Group Approves Stock Buy-Back Plan

The Board of Directors of D’Ieteren Group on November 7 approved a share repurchase plan up to a maximum value of $108.588 million. The company decided based on its current cash position and growth potential. The plan aims to invest … Continue reading

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Edouard Janssen Appointed Group Chief Financial Officer of D’Ieteren Group

Edouard Janssen will become the new chief financial officer (CFO) of D’Ieteren Group as of Sept. 1, 2023. He will succeed Arnaud Laviolette, who is retiring. Beyond the responsibilities of the CFO role, Janssen will also join several of the … Continue reading

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Belron Reports Sales Increase for Q1 2023

D’Ieteren Group recently presented results for the first fiscal quarter of 2023, which include financial data from Belron, owner of Safelite AutoGlass. Belron’s total sales increased by 12% in the first quarter of the year to more than $1.5 billion.  … Continue reading

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D’Ieteren Group Continues Purchase, Disposal of Own Shares

D’Ieteren Group continues to buy back its own shares as part of a repurchase program launched in 2019, with the company now holding approximately 2.5% of its total ordinary shares outstanding as self-owned treasury stock. Michael Collins of EquiNova Capital … Continue reading

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Belron Reports Sales Increase for 2022, Sets 2023 Predictions

D’Ieteren Group recently presented its full-year 2022 results, which include financial data from Belron, owner of Safelite AutoGlass. With Belron’s total sales increasing by 20% to nearly $6 billion and by 20.7% from continuing operations, the company saw a “slightly” … Continue reading

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European Commission Imposes ‘Disposal’ of PHE’s Specialized Glass Repair Activities

Parts Holding Europe (PHE), a subsidiary of the D’Ieteren Group, has entered into “exclusive negotiations” with MACIF for the disposal of its specialized glass repair activity Mondial Pare-Brise. Disposal of PHE’s specialized glass repair activities was imposed by the European … Continue reading

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D’Ieteren Group Resumes Buy Back of Shares, Sets Future Plans

D’Ieteren Group, which owns 50.01% of Belron, the owner of Safelite AutoGlass and Safelite Solutions in the United States, continued its plan this week to buy back shares for nine to 12 months. The Group’s board of directors decided in … Continue reading

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D’Ieteren Group Announces the Launch of a Transformational Project for its Headquarters

In response to the growth of the Group’s businesses and the changing urban environment, D’Ieteren Group has launched a project to upgrade its historic site and head office. In so doing, it is demonstrating its commitment to keep its roots … Continue reading

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D’Ieteren Group Proposes Acquisition of Parts Holding Europe

D’Ieteren Group, in exclusive negotiations, has issued a binding offer with Bain Capital Private Equity to acquire 100% of Parts Holding Europe (PHE). D’Ieteren Group is one of the owners of Belron, owner of Safelite AutoGlass and Safelite Solutions. PHE … Continue reading

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Belron: New Shareholders, CD&R Changes Name in Partnership

Belron, which operates Safelite® AutoGlass and Autoglass®, welcomed new shareholders on December 17. As previously reported, Hellman & Friedman, BlackRock Private Equity Partners and GIC joined the company’s list of shareholders with the completion of the acquisition of a combined … Continue reading

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Belron Owner Sells and Buys Shares in Agreement with Liquidity Contract

D’Ieteren Group announced Wednesday the purchase and disposal of treasury shares between Oct. 13 and Oct. 19, 2021 on the regulated Euronext Brussels market. D’Ieteren Group owns Belron, which operates Safelite AutoGlass and Safelite Solutions. Within a liquidity contract, the … Continue reading

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D’Ieteren Group Outlook is Continued Growth

D’Ieteren Group, which owns 50.01% of Belron, showed a strong recovery in the first half of 2021 compared to 2020. Belron operates Safelite AutoGlass and Safelite Solutions. According to a statement, all businesses owned by the Group contributed to its … Continue reading

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Belron Shares Repurchased and Disposed in Contract

D’Ieteren Group, which owns Belron, the parent company of Safelite AutoGlass and Safelite Solutions, announced the purchase and disposal of treasury shares between Sept. 3 and Sept. 7, 2021. D’Ieteren Group signed a liquidity contract on Sept. 3 with Kepler … Continue reading

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Belron Allocates New Term Loans

Global auto glass company Belron, parent company of Safelite AutoGlass in the U.S., has launched a syndication in the institutional loan market for new term loans on a best effort basis. According to the company, the new loans of $2.6 … Continue reading

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Belron Profits Rise Despite Pandemic and Decreased Sales

D’Ieteren Group presented its full-year 2020 results, including those of Belron (which owns Safelite Autoglass in the United States). Belron’s organic sales declined by 7.5%, though the Group’s profit before tax improved significantly by 44.6% due in part to what … Continue reading

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Axel Miller Leaves D’Ieteren

Due to a disagreement on visions D’Ieteren’s future, its board of directors announced today that Axel Miller will leave his position as CEO, managing director and other positions he held within the company and its subsidiaries. Belron owns Safelite Autoglass … Continue reading

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Belron Net Debt Up, 2018 Outlook

In D’Ieteren’s annual report issued February 28, Belron, parent company to Safelite AutoGlass, reported that its net financial debt increased in 2017 to $1 billion (EUR 1,271.9 million), a 54-percent increase on a year-over-year basis. Belron’s refinancing was complete in … Continue reading

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Longtime D’Iteren Board Chairman to Step Down

After almost half a century of loyal service to the company, including 30 years as managing director and 42 as chairman of the board, Roland D’Ieteren will retire 1 June 2017, according to a December 19 D’Iteren press release. Continue reading

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D’Ieteren Trading Update Reports Belron Impairments

The owner of the world’s largest auto glass company released its trading update, which included an announcement of a $139 million USD (134 million Euro) impairment charge against that auto glass provider, Belron. Continue reading

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