Belgium · Delayed Price · Currency is EUR D'Ieteren Group Earnings Call Transcripts
Fiscal Year 2025
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Adjusted PBT, Group's share, grew 3.8% at constant FX, with strong cash flow and a proposed EUR 2 dividend. Belron delivered record results and deleveraging, while D'Ieteren Auto and TVH face tougher 2026 outlooks. PHE and Moleskine showed resilience amid mixed market conditions.
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Adjusted profit before tax group share was €452.4 million, in line with expectations, as higher financial charges and a normalized automotive market weighed on results. Guidance for 2025 is reaffirmed, with resilience across segments and early bridge loan repayment improving the financial position.
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Surpassing previous guidance, the group doubled profit before tax group share since 2021 and now boasts a balanced, multi-platform portfolio. Strong cash generation, active ownership, and a robust ESG focus underpin midterm ambitions for continued growth and value creation.
Fiscal Year 2024
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Strong 2024 results with adjusted PBT group share up 9.6% and free cash flow up 22.2%, driven by robust performances across most segments. 2025 guidance anticipates slight profit growth despite higher financial charges, with continued margin and cash flow focus.
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H1 2024 saw strong profit and cash flow growth, with a major family shareholding reorganization and a proposed EUR 4 billion extraordinary dividend. Segment results were robust except for Moleskine, which faced a sales decline and impairment. Leverage will rise post-transaction but deleveraging is planned.