Annual Report 2024

In the last quarter of 2024, D’Ieteren Group’s family shareholders reached an agreement to reorganise their respective shareholdings, cementing the long-term stability of the Group’s family shareholding. This once-in-a-generation reorganisation, whereby Nayarit acquired 16.7% of D’Ieteren Group’s capital from SPDG and thereby increasing its shareholding to 50.1%, concentrates family ownership in one single family branch and optimally positions the Group for the next decades while also sharing a considerable part of the value created through an extraordinary dividend of €74 per ordinary share to all shareholders.

Steven Boel succeeded Paul Monville as D’Ieteren Immo’s new Chief Executive Officer as of August 2024. Steven brings a wealth of real estate experience from his previous roles at Ahold Delhaize, Carrefour, Forum Estates & Mileway, ranging from asset management, development and investment roles.

D’Ieteren Automotive has again confirmed its leadership position in terms of registrations of Battery Electric Vehicles in Belgium – with a market share of 24%. This highlights D’Ieteren Automotive’s commitment to electrifying the Belgian car park - thus spearheading a transformative shift towards a greener future.

TVH has successfully closed the acquisition of Sincanli, a leading tractor spare parts supplier based in Turkey, along with two smaller deals in the USA and Colombia. These strategic acquisitions are expected to enhance TVH’s global footprint and strengthen its market position.

In Las Vegas, the Van Gogh Museum has won a Licensing International Excellence Award in the ‘Best Product – Publishing, Social Expression, or Back to School’ category for the partnership with Moleskine. The collection offers a blank canvas from which to explore and express one’s own creativity, search for your own uniqueness and shine a light on your creative verve, just like Vincent van Gogh did.

PHE welcomed D’Ieteren Group’s investors in Logisteo, a state-of-the-art distribution facility that revolutionized its logistics approach since 2017 and underscores its commitment to operational excellence. The event provided an opportunity to introduce PHE’s leadership team to DIG’s investors and highlighted PHE’s strategic value creation drivers while showcasing the company’s best-in class capabilities.

D’Ieteren Group’s sponsorship of the 2024 edition of Vendée Globe has come to a successful end as skipper Denis Van Weynbergh has completed the solitary, uninterrupted and without assistance round-the-world sailing race 117 days. This remarkable achievement highlights the Group’s values of entrepreneurship and courage that the skipper embodies.

Belron successfully refinanced €4.3bn of existing Term Loans and raised an additional €3.8bn of new debt by issuing a €6.25bn (euro-equivalent) of Term Loans and €1.85bn (euro-equivalent) of Senior Secured Notes, in a combination of euro and U.S. dollars. The proceeds have further funded a €4.3bn distribution to shareholders, of which €2.2bn to D’Ieteren Group.

Carine Van Landschoot succeeded Mark Oosterlinck as TVH’s new Chief Financial Officer (CFO) on December 2, 2024. Carine leveraged her extensive background from her previous roles at Syncreon and DP World, where she successfully led global finance teams and managed significant corporate projects.

Over the course of 2024 the construction works of the 32,000 m2 multi-tenant site were finalised and the first spaces delivered to its tenants, a mix of D’Ieteren Group activities and external tenants. In line with its sustainability strategy, D’Ieteren Immo is expecting to receive a BREAAM outstanding certification on the building.

To sustain its growth trajectory, PHE implemented a strategic reorganization of its management structure, introducing key leadership roles such as France COO B2B, International COO B2B, Head of Purchasing & Supply Chain and Head of AD Parts Intergroup (Spain). Furthermore, the updated organizational structure was designed to expand the scope of some functions to an international scale, notably the management of client networks and the development of body parts.

Moleskine has appointed Christophe Archaimbault as its new CEO, succeeding Daniela Riccardi. Christophe, who joined Moleskine in October 2020 as Chief Commercial Officer, has a proven track record of experience from various leadership roles, including his tenure as CEO of Pryde Group and his extensive career at Procter & Gamble.