Volkswagen distributor D'Ieteren falls after H1 profit drop

D'Ieteren SA

04/09/2025 08:39

** Shares in Belgian holding group D'Ieteren IETB.BR fall 6.5% as the company, active in sectors from automotive to Moleskine notebooks, reports a 22.7% drop in H1 profit

** Its H1 adjusted profit before tax, fell to 452.4 million euros ($529.62 million), from 585.5 million euros a year ago

** "The miss was driven only a modest margin improvement at Belron, and weak performance at TVH Parts," KBC Securities says in a note

** D'Ieteren's automotive division was also affected by a 10% drop in new car registration in Belgium, the group says

** Shares in D'Ieteren group are on track for their worst day since September 10, 2024 if losses hold

($1 = 0.8542 euros)

 (Reporting by Mathias de Rozario in Gdansk)

 ((mathias.derozario@thomsonreuters.com))