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March 29, 2015 9:19 PM ET

Commercial Services and Supplies

Company Overview of Belron S.A.

Company Overview

Belron S.A. provides vehicle glass repair and replacement services. The company specializes in the replacement of irreparably damaged glass and the repair of chipped windscreens. It also offers franchise opportunities. The company serves motorists and corporate customers, including major insurance and fleet companies. Belron S.A. was formerly known as Solaglas. The company was founded in 1897 and is based in Luxembourg. It has operations worldwide. Belron S.A. operates as a subsidiary of S.A. D'Ieteren N.V.

9B Boulevard Prince Henri

Luxembourg,  1724

Luxembourg

Founded in 1897

Phone:

352 27 47 88 60

Key Executives for Belron S.A.

Chief Executive Officer
Chief Executive Officer of Safelite® Group and President of Safelite® Group
Age: 62
Regional General Manager
Regional General Manager of Canada, France, Germany, The Netherlands, Italy, Belgium/Luxemburg, Australia & New Zealand
Group Support Services Director
Compensation as of Fiscal Year 2014.

Belron S.A. Key Developments

Belron S.A. Reports Sales Results for the First Quarter Ended March 31, 2014

Belron S.A. reported sales results for the first quarter ended March 31, 2014. For the quarter, the company's sales were up 1.0% comprising an increase in organic sales of 3.1% and a 2.2% growth from acquisitions, partially offset by a negative currency impact of 3.7% and a 0.6% decrease from fewer trading days. Results were adversely affected by unexpected unfavorable weather conditions in Northern Europe which resulted in temporary overcapacity in those geographies. This situation could not be compensated by the additional volumes in North-America as the fall through to profit was low due to the impact of the weather on ability to serve customers, resulting in lower productivity, as well as shortages in glass.

Belron S.A. Provides Sales Results for the First Quarter Ended March 31, 2013; Provides Sales Guidance for the Remainder of the Year

Belron S.A. provided sales results for the first quarter ended March 31, 2013. For the period, the company's sales were up 1.6%, consisting of an organic growth of 1.6%, an acquisition growth of 2.7%, a negative currency translation effect of 0.5% and an unfavourable calendar effect of 2.2%. The trading outlook for the remainder of the year is expected to continue to reflect the opposing impact of the favourable winter weather and the challenging economic circumstances. The second quarter trading is expected to be strong due to the weather ­ an increase in the number of repair and replacement jobs of circa 11% compared to 2012 has been recorded in April, but this impact is anticipated to diminish in the second half of the year.

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