Skip to main content
Back to homepage
Back to press releases

2016 Full-Year Results

Download zone

6 Mar 2017 - Results

The group uses Alternative Performance Measures (“APMs”) to reflect its operational performance. Recent regulatory development has led the group to modify the designation of the APMs used, without any change of substance. The previously used wordings “Current result” and “Unusual items and re-measurements” have been replaced by “Adjusted result” and “Adjusting items”. More detailed information regarding the definition, calculation and the content of these APMs are available in the appendix of this press release.

2016 was a very positive year for the D’Ieteren group with both D’Ieteren Auto and Belron realizing sales growth and higher adjusted operating results, and with the acquisition of Moleskine. D’Ieteren Auto benefited from strong market trends, an attractive vehicle model pipeline and the positive effects of its three strategic priorities. Belron continued to gain market share in major vehicle glass repair and replacement (VGRR) markets, while working out its new service extension business strategy centred around “making a difference by solving people’s problems with real care”.

Including Moleskine during the last quarter, D’Ieteren’s adjusted consolidated result before tax, group’s share1, increased by 13.9% to EUR 241.6 million in 2016. Excluding the contribution from Moleskine and related acquisition costs, D’Ieteren’s adjusted consolidated result before tax, group’s share1, improved by 12.1%.

For 2017 D’Ieteren aims at an adjusted consolidated result before tax, group’s share1, that is about 10% higher compared to EUR 241.6 million in 2016.

Consolidated sales amounted to EUR 6,471.7 million, +7.2% compared to 2015. They are broken down as follows:

  • D’Ieteren Auto: EUR 3,114.2 million, +8.4% year-on-year on the back of higher volumes and a positive mix effect. Excluding registrations of less than 30 days2, Belgian new car registrations rose by 10.4% year-on-year and D’Ieteren Auto’s market share2 decreased marginally to 21.81% (22.34% in 2015). The total number of vehicles, including commercial vehicles, delivered by D’Ieteren Auto rose by 6.5% to 122,489 units in 2016.
  • Belron: EUR 3,305.4 million, +4.6% year-on-year, comprising a 4.6% organic increase, primarily due to growth in the US, the UK, Germany, France and Spain, a 0.9% increase from acquisitions and a negative currency translation effect of 0.9%.
  • Moleskine’s results were fully consolidated in D’Ieteren’s accounts as from 1 October 2016. Its contribution to D’Ieteren’s consolidated sales amounted to EUR 52.1 million in 2016. On a full-year basis Moleskine’s sales reached EUR 145.2 million (+ 13.3%).

Excluding Moleskine, consolidated sales increased by 6.4% compared to 2015.

Group profile

In existence since 1805, and across family generations, D’Ieteren seeks growth and value creation by pursuing a strategy on the long term for its businesses and actively encouraging and supporting them to develop their position in their industry or in their geographies. The group has currently three activities articulated around strong brands:

  • D'Ieteren Auto distributes Volkswagen, Audi, SEAT, Škoda, Bentley, Lamborghini, Bugatti, Porsche and Yamaha vehicles in Belgium. It is the country's number one car distributor, with a market share of around 22% and 1.2 million vehicles on the road at the end of 2016. Sales and adjusted operating result reached respectively EUR 3.1 billion and EUR 75.8 million in FY 2016.
  • Belron (94.85% owned) makes a difference by solving people’s problems with real care. It is the worldwide leader in vehicle glass repair and replacement, trading under more than 10 major brands including Carglass®, Safelite® AutoGlass and Autoglass®. In addition, it manages vehicle glass and other insurance claims on behalf of insurance customers. Belron is also expanding its services to focus on solving problems for people who need assistance with repairs to their vehicles. Sales and adjusted operating result reached respectively EUR 3.3 billion and EUR 190.7 million in FY 2016.
  • Moleskine (100% owned) is a premium and aspirational lifestyle brand which develops and sells iconic branded notebooks and writing, travel and reading accessories through a multichannel distribution strategy across 102 countries. Sales and operating result reached respectively EUR 145.2 million and EUR 34.0 million on a stand-alone basis in FY 2016.

Financial Calendar

Last five press releases

(with the exception of press releases related to the repurchase or sale of own shares)

Next events

7 February 2017

Upward revision of D’Ieteren’s FY 2016 guidance

1 June 2017

General Meeting & Trading Update

24 January 2017

D’Ieteren holds 100% of the shares in Moleskine

6 June 2017

Dividend ex date

19 December 2016

Trading update for the period ending
31 October 2016

8 June 2017

Dividend payment date

19 December 2016

Roland D’Ieteren to retire as Chairman of the Board of Directors in 2017

31 August 2017

2017 Half-Year Results

13 December 2016

D’Ieteren holds more than 95% of the shares in Moleskine


Axel Miller, Chief Executive Officer

Arnaud Laviolette, Chief Financial Officer

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

E-mail: – Website:

Recent press releases

  1. 7 Apr 2021 - Group

    Test 3

    Read the press release
  2. 7 Apr 2021 - Results


    Read the press release
  3. 7 Apr 2021 - Group

    Test 2

    Read the press release
  4. 16 Mar 2020 - Moleskine

    Daniela Riccardi appointed as CEO of Moleskine

    Read the press release
Back to press releases