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Tag Archives: D’Ieteren Group
D’Ieteren ‘Very Happy’ with Belron Share, Executives Deny Plans to Sell
Despite recent media reports, D’Ieteren Group is not planning to divest its stake in Belron. Executives of the Belgium-based group announced the news to investors during a recent financial call. “We’re very happy to be the majority shareholder of Belron,” … Continue reading
Posted in glassBYTEs Original Story Tagged 2025 financial report, Belron, D'Ieteren Group, financial report Leave a comment
D’Ieteren May Soon Offer Belron IPO
Bloomberg reports that the D’Ieteren Group has appointed an independent financial services group to “explore strategic options” for its majority share of Belron, including a possible initial public offering (IPO). The publication cites “people familiar with the matter” as saying … Continue reading
Belron Reprices Its Outstanding Term Loans
The D’Ieteren Group announced Jan. 16 that Belron has successfully repriced its United States currency and Euro-denominated Term Loans B (TLB), both maturing in October 2031. According to D’Ieteren Group officials, this repricing reflects supportive capital market conditions and Belron’s … Continue reading
D’Ieteren Group Finances Take Hit from Belron Debt, Officials Say
Belron’s changes in refinancing have lowered the D’Ieteren Group’s financial results, according to the group’s financial report for the first half of 2025. Belgium-based D’Ieteren Group is the majority shareholder of Belron, a United Kingdom-based company that operates multiple automotive … Continue reading
Posted in glassBYTEs Original Story Tagged Belron, D'Ieteren Group, debt, financial results, half year financials, refinancing, Safelite 3 Comments
Belron Charts Three-Year Global Growth Strategy
United Kingdom-based Belron’s three-year growth strategy includes an emphasis on windshield-mounted camera recalibration, strengthening insurance partnerships and expanding mobile services. Belron’s majority shareholder, the D’Ieteren Group, held its yearly investor day on May 14. The group’s management teams presented non-financial … Continue reading
Posted in glassBYTEs Original Story Tagged Belron, D'Ieteren Group, investor day, investors, Safelite, Safelite Solutions Leave a comment
Despite Debt Hike, Belron Operator Reports 2024 Success
Belron’s majority owner, the D’Ieteren Group, praised the company’s growth despite a “highly polarized market” in the group’s recently released 2024 annual report. Belgium-based D’Ieteren Group published the report for investors in late April 2025. It outlines the company’s achievements … Continue reading
Claims Avoidance and Weather Hampered Belron’s 2024 Sales, Executives Report
The D’Ieteren Group, which is the majority shareholder of United Kingdom-based Belron, announced its 2024 financial results on Monday, March 10. Executives reported that Belron earned solid growth for the company, though its North American results remained relatively flat. Columbus, … Continue reading
Posted in glassBYTEs Original Story Tagged 2024 financial results, Belron, D'Ieteren Group, financial results, Safelite 3 Comments
D’Ieteren Group Shares Stay in Family
The D’Ieteren Group announced that a corporate entity has gained voting privileges within the company following a transfer of 3,750,000 profit shares. According to group officials, Nicholas D’Ieteren, chair of the group’s board of directors, contributed those shares to Nayarit … Continue reading
Belron Prices Notes Issued to Fund Debt Repayment
Belron has priced the senior secured notes it’s offering to fund debt repayment, according to D’Ieteren Group officials. United Kingdom-based Belron operates multiple automotive services brands in Europe and the United States, including Columbus, Ohio-based Safelite. Belgium-based D’Ieteren Group is … Continue reading
Posted in glassBYTEs Original Story Tagged Belron, D'Ieteren Group, debt, financial, senior secured notes, term loan Leave a comment
Belron Announces Debt-Repayment Plan Funded by Other Debt
Belron announced today that it is offering billions of dollars worth of senior secured notes to refinance existing debt and fund a payment to its shareholders. The United Kingdom-based Belron operates Columbus, Ohio-based Safelite. According to company officials, Belron is … Continue reading
Posted in glassBYTEs Original Story Tagged Belron, D'Ieteren Group, debt, investors, senior secured notes 1 Comment
D’Ieteren Group Releases Half-Year Financials
According to the D’Ieteren Group’s half-year financial results for 2024, Belron continues to make a substantial contribution to its profits. The D’Ieteren Group reports an adjusted profit before tax of around $645.5 million, with Belron producing an adjusted profit before … Continue reading
Belron Achieves Mixed Sales Success in First Quarter
Belgium-based D’Ieteren Group, which operates Safelite’s parent company, Belron, reported first-quarter 2024 sales of around $3.3 billion, an increase of 5.4% year over year. UK-based Belron’s total sales increased by 5.8% to about $1.6 billion. According to D’Ieteren’s report, “favorable … Continue reading
Posted in glassBYTEs Original Story Tagged Belron, D'Ieteren Group, Safelite, sales growth, sales results Leave a comment
D’Ieteren Group Publishes 2023 Report, Cites Belron as Main Money Maker
The Belgian company D’Ieteren Group, which owns Belron, published its 2023 annual report on April 29. Belron is the parent company of United States-based Safelite. D’Ieteren Group reports strong financial performance in 2023, with almost $12.5 billion in sales and … Continue reading
Posted in glassBYTEs Original Story Tagged annual report, Belron, D'Ieteren Group, Safelite Leave a comment
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
Posted in glassBYTEs Original Story Tagged 2023 financial report, auto glass, Belron, Belron Annual Results, D'Ieteren Group, Safelite 2 Comments
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
Posted in glassBYTEs Headlines Tagged Arnaud Laviolette, D'Ieteren Group, Edouard Janssen Leave a comment
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
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
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
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
Posted in glassBYTEs Original Story Tagged D'Ieteren Group, MACIF, Mondial Pare-Brise, Parts Holding Europe Leave a comment
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
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
Posted in glassBYTEs Headlines Tagged auto glass, Brussels, D'Ieteren Group, headquarters, windshield repair, windshield replacement 1 Comment
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
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
Posted in glassBYTEs Original Story Tagged 2022, Belron, D'Ieteren Group, shareholders Leave a comment
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
Posted in glassBYTEs Original Story Tagged Belron, COVID19, D'Ieteren Group, financials, Safelite Leave a comment
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
Posted in glassBYTEs Original Story Tagged D'Ieteren Group, Safelite AutoGlass, Safelite Solutions Leave a comment
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
Posted in glassBYTEs Original Story Tagged Belron, D'Ieteren Group, Safelite AutoGlass Leave a comment
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
Posted in glassBYTEs Original Story Tagged Belron, COVID, D'Ieteren Group, Safelite AutoGlass Leave a comment
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
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
Posted in glassBYTEs Original Story Tagged Belron, D'Ieteren Group, Safelite, Safelite AutoGlass Leave a comment
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
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