D'Ieteren rises after half-year profit gains, CEO change
10/09/2026 08:22
BUZZ-D'Ieteren rises after half-year profit gains, CEO change ** Belgian holding group D'Ieteren IETB.BR rises 5.8% after improving half-year profit, announcing a new CEO
** H1 adjusted profit before tax grew 6.6% to €482.4 million ($561.42 million)
** Degroof Petercam flags solid results from Belron and PHE and improved sales for TVH
** The company named Eric Machiels to replace Francis Deprez as CEO from December
** "The move looks well aligned with D’Ieteren’s next phase, focused on proactive ownership and disciplined capital allocation," the broker says
** D'Ieteren also confirmed that Belron shareholders are reviewing exit options, including a potential IPO
** Shares are on track for their best day since April 8, if gains hold
($1 = 0.8593 euros)
(Reporting by Mathias de Rozario in Gdansk)