Tag Archives: D’Ieteren Group

Belron Allocates New Term Loans

Global auto glass company Belron, parent company of Safelite AutoGlass in the U.S., has launched a syndication in the institutional loan market for new term loans on a best effort basis. According to the company, the new loans of $2.6 … Continue reading

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Belron Profits Rise Despite Pandemic and Decreased Sales

D’Ieteren Group presented its full-year 2020 results, including those of Belron (which owns Safelite Autoglass in the United States). Belron’s organic sales declined by 7.5%, though the Group’s profit before tax improved significantly by 44.6% due in part to what … Continue reading

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Axel Miller Leaves D’Ieteren

Due to a disagreement on visions D’Ieteren’s future, its board of directors announced today that Axel Miller will leave his position as CEO, managing director and other positions he held within the company and its subsidiaries. Belron owns Safelite Autoglass … Continue reading

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Belron Net Debt Up, 2018 Outlook

In D’Ieteren’s annual report issued February 28, Belron, parent company to Safelite AutoGlass, reported that its net financial debt increased in 2017 to $1 billion (EUR 1,271.9 million), a 54-percent increase on a year-over-year basis. Belron’s refinancing was complete in … Continue reading

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Longtime D’Iteren Board Chairman to Step Down

After almost half a century of loyal service to the company, including 30 years as managing director and 42 as chairman of the board, Roland D’Ieteren will retire 1 June 2017, according to a December 19 D’Iteren press release.

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D’Ieteren Trading Update Reports Belron Impairments

The owner of the world’s largest auto glass company released its trading update, which included an announcement of a $139 million USD (134 million Euro) impairment charge against that auto glass provider, Belron.

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