Belron, the parent of Safelite AutoGlass, reported higher sales for the first six months of 2023 as the company booked more jobs and boosted its recalibration revenues.
Belron’s sales totaled $3.07 billion for the first half of the year, an 11.5% increase over the same period in 2022.
The company says its prime jobs increased by 1.5%, which was “driven by recovery in U.S. opportunities in Q2.”
Belron’s adjusted profit before tax jumped by 34.8%, with its operating margin improving by 21.9%.
The company attributes its recent growth to “positive price / mix, increased recalibration revenues (penetration rate of 35.2%) and increased sales from value-added products and services (attachment rate of 22.2%).”
In North America, where Belron recorded 59% of its total sales, organic sales grew by 7.1%. Eurozone sales increased by 12.3%, while sales in the rest of the world increased by 18.8%.
On the sustainability front, Belron began the rollout of electric vehicles (EVs) in France, where the company says it’s on track to have a 100% EV technician fleet by the end of the year. It has introduced EVs in the U.S. and the U.K. on a trial basis.
Belron is a subsidiary of D’Ieteren Group, a Brussels, Belgium-based company which also owns D’Ieteren Automotive, D’Ieteren Immo, Moleskine, PHE (Parts Holding Europe) and TVH.