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 prior guidance, the group doubled profit before tax group share in three years, diversified its portfolio, and set mid-single-digit growth targets through 2028. Key business units focus on electrification, operational excellence, and ESG, while capital allocation emphasizes deleveraging and selective M&A.
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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Announced a major family shareholding reorganization, an extraordinary EUR 74/share dividend, and a new financing structure. H1 2024 saw strong profit and cash flow growth, with positive outlooks for most segments and plans for rapid deleveraging post-transaction.