D'Ieteren 2025 profit hit by refinancing, foreign exchange (updated)
10/03/2026 17:56
Adds graphic, impact from automotive market in paragraph 2, businesses' performance in bullets 2-3, outlook in bullets 4-5
March 10 (Reuters) - Belgian holding group D'Ieteren IETB.BR on Tuesday reported a 10.3% drop in its full-year profit, weighed down by refinancing and foreign exchange movements.
Its sales were also impacted by the continued slowdown in the automotive market for its subsidiary D'Ieteren Automotive which distributes the brands of the Volkswagen Group. New car registration fell by 7.5% in 2025 compared to 2024, in the country, below the 1.8% increase registered within the European Union data from the European carmaker association ACEA shows.
Adjusted profit before tax, group's share, D'Ieteren's key performance indicator, fell to 955.6 million euros ($1.1 billion) in 2025, compared with 1.07 billion euros a year earlier
D'Ieteren expects its profit to grow by a low- to mid-single-digit in 2026 compared to last year
Sales for D'Ieteren Automotive fell by 5.5%, hit by weak new car registrations in Belgium
Belron, which aims for a listing on the stock exchange this year, accounted for less than a third of the group's revenue but more than half of its profit
Belron sees mid- to high-single-digit sales growth and continued adjusted operating margin improvement
($1 = 0.8584 euros)
Ownership structure of D'Ieteren's businesses https://www.reuters.com/graphics/DIETEREN-RESULTS/klpylgradvg/chart.png
(Reporting by Mathias de Rozario in Gdansk; Editing by Matt Scuffham)
((mathias.derozario@thomsonreuters.com))