D'Ieteren Group SA/€DIE

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About D'Ieteren Group SA

D'Ieteren Group SA, headquartered in Brussels, Belgium, is an investment company with diversified operations across the automotive and lifestyle sectors. Its core businesses include D'Ieteren Automotive, which imports and distributes vehicles from brands such as Volkswagen, Audi, SEAT, Škoda, Bentley, Lamborghini, Bugatti, Cupra, Rimac, Microlino, Maserati, and Porsche in Belgium; Belron, a provider of vehicle glass repair, replacement, and recalibration services operating under brands like Carglass, Safelite, and Autoglass; Moleskine, known for its notebooks and related accessories; Parts Holding Europe (PHE), a distributor of vehicle spare parts in Western Europe; and a 40% stake in TVH, a distributor of aftermarket parts for material handling, construction, industrial, and agricultural equipment. Founded in 1805 by Joseph-Jean D'Ieteren as a coachbuilding workshop, the company has evolved over two centuries into a multifaceted enterprise. Its strategic positioning is bolstered by exclusive distribution agreements with major automotive manufacturers and a significant presence in the vehicle glass repair market.
Ticker
€DIE
Primary listing
BSE
Employees
13,087
Headquarters
Brussels, Belgium

DIE Metrics

BasicAdvanced
€8.9B
20.95
€8.15
0.92
€1.40
0.82%

Bulls say / Bears say

H1 2026 adjusted profit before tax attributable to the group rose 8.4% at constant exchange rates to €482 million, and management retained its full-year guidance for low- to mid-single-digit growth. (Reuters transcript)
Belron remained the principal earnings and cash engine: its H1 free cash flow reached €485 million, up 89% year over year, while PHE and TVH also grew and helped offset the automotive unit’s weakness. (Reuters transcript)
Belron shareholders are evaluating strategic options that may include a listing, which could improve price discovery and potentially crystallize value for D’Ieteren’s substantial holding, although no decision or timing has been set. (D’Ieteren Group filing)
D’Ieteren Automotive deteriorated sharply in H1 2026: sales fell 10.8% year over year and its adjusted operating margin declined to 2.1% from 4.5%, with management not expecting improvement in H2. (Reuters)
Group free cash flow was approximately breakeven in H1 after about €150 million of PHE acquisition spending, highlighting capital-allocation and financing-execution risk as the company continues expanding through acquisitions. (Reuters transcript)
The announced transformation at D’Ieteren Automotive could affect approximately 344 jobs, creating execution, labor-relations and restructuring-cost risks while the core Belgian vehicle-distribution market remains pressured by competition and changing customer mix. (Reuters transcript)
Data summarised monthly by Lightyear AI. Last updated on 10 Sept 2026.

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