2015 Full-Year Results

D’Ieteren’s 2015 current consolidated result before tax, group’s share2, reached EUR 212.1 million, up 20.6% compared to EUR 175.9 million in 2014, with both activities realising higher sales and a significant improvement in results. On a comparable basis (i.e. including results of Carglass Brazil & China), D’Ieteren’s 2015 key performance indicator exceeded the guidance (up 31.9% compared with a guidance of 20-25% growth).

The total number of vehicles, including commercial vehicles, delivered by D’Ieteren Auto rose by 3.0% to 114,978 units in 2015. Sales were up 8% and the current result before tax, group’s share2, was up 41.9% compared to 2014, attributable a.o. to higher volumes and a positive price/mix effect. Subsequent to the slowdown in order intake in October and November and thanks to intense commercial efforts, the order book returned to a robust level by the end of 2015. D’Ieteren Auto’s market share declined marginally (22.34% vs. 22.71% in 2014) in a market that was up.

2015 was a much better year for Belron: sales were up 13.2%, comprising a 4.7% organic increase and an 8.1% positive currency translation impact. The current result before tax, group’s share2, improved by 11.5%. The US benefited from a particularly strong winter for the second year in a row and various restructuring and efficiency measures initiated in 2014 and 2015 enabled several major European countries to deliver profit growth despite sales pressure associated with market declines. The US business was able to capture more of the upside from the strong market compared to 2014.

For 2016, assuming an average USD/EUR rate of 1.11 and an average GBP/EUR rate of 0.77, D’Ieteren aims at a stable or slightly lower current consolidated result before tax, group’s share2, compared to EUR 212.1 million in 2015. In 2016, D’Ieteren Auto expects higher marketing costs and the tail end effect of the “Emissiongate”. Belron anticipates moderate organic sales growth and higher charges related to the long term management incentive programme. At D’Ieteren corporate level, costs will be higher than in 2015 following the reinforcement of the executive team.


Group profile

D'Ieteren is a group of services to the motorist founded in 1805, serving some 12 million corporate and end customers in 34 countries in two areas:

- D'Ieteren Auto distributes Volkswagen, Audi, Seat, Škoda, Bentley, Lamborghini, Bugatti, Porsche and Yamaha vehicles across Belgium. It is the country's number one car distributor, with a market share of more than 22% and 1.2 million vehicles of the distributed makes on the road at the end of 2015. Sales in 2015: EUR 2.9 billion.

- Belron (94.85% owned) is the worldwide leader in vehicle glass repair and replacement. In 2015, some 2,400 branches and 10,000 mobile vans, trading under more than 10 major brands including Carglass®, Safelite® AutoGlass and Autoglass® served customers in 34 countries. Sales in 2015: EUR 3.2 billion.


Financial Calendar

Last five press releases

Next events





8 January 2016

Belron – Agreement to form a joint venture in Brazil

20 April 2016

Annual Report 2015

8 December 2015

Investor Day & Trading Update

26 May 2016

General Meeting & Trading update

20 November 2015

All vehicles are again available for sale in Belgium.

31 May 2016

Dividend ex date

5 November 2015

D’Ieteren Auto temporarily suspends sales of models that may be affected by irregularities with respect to CO2 emissions

2 June 2016

Dividend payment date

4 November 2015

Reaction to the publication by the Volkswagen Group of irregularities concerning CO2 emissions

 31 August 2016

2016 Half-Year Results / Analyst meeting & press conference



Axel Miller, Chief Executive Officer

Arnaud Laviolette, Chief Financial Officer

Pascale Weber, Financial Communication - Tel: + 32 (0)2 536.54.39

E-mail: financial.communication@dieteren.be – Website: www.dieteren.com