Turbo's Hoet Groep

Sofinim: 50%

(€ mio) 2014 2015
Turnover 366.5 350.6
EBITDA 15.0 21.4
Net result 0.4 8.4
Shareholders' equity (group share) 81.0 86.9
Net financial position -96.2 -85.3

Key figures


Turbo's Hoet Groep


Turbo's Hoet Groep

Beneficial interest Sofinim: 50%
AvH Contact: Tom Bamelis

Turbo’s Hoet Groep (THG), with its headquarters in Hooglede (Roeselare), is active in the sales, maintenance and leasing of trucks. The company also distributes and overhauls parts and turbochargers for trucks and cars. The group has its own sites in Belgium, France, the Netherlands, Russia, Belarus, Bulgaria, Romania and Poland.

Information from the 2015 annual report

Turbo’s Hoet Groep realizes its turnover in four divisions.

TH Trucks (sales and maintenance of trucks, light commercial vehicles and trailers) has 29 sites in Belgium (11), France (6), Russia (7), Bulgaria (4) and Belarus (1), and is one of the biggest DAF dealers worldwide. TH Trucks is also a dealer for Iveco, Dongfeng, Nissan, Mitsubishi and Kögel. In this division, 350 mechanics are at the service of customers every day.

The European market for new heavy-duty trucks (+16T) showed a 12% increase in 2015. On the other hand, the Russian market, in which TH is active in sales of trucks and parts, came under considerable pressure.

TH Lease (long and short-term rental of trucks, light commercial vehicles and trailers) is the largest independent leasing company for commercial vehicles in Belgium with a fleet of more than 3,300 units.

TH Parts is a key player for parts for trucks, light commercial vehicles and trailers in the countries where TH is active. More than 200 specialists advise customers on the right choice of parts. The large stock of parts also guarantees ready availability.

TH Turbos is one of the biggest distributors worldwide of turbochargers for the aftermarket. TH’s sites in six countries (Belgium, France, the Netherlands, Bulgaria, Poland and Romania) have very large stocks of new and revised turbochargers for cars, trucks and industrial applications. The technical support, repair service and warranty conditions also make for an impeccable customer service.

The turnover decrease in Russia could only be partly compensated by higher sales in Bulgaria, France and Belgium; as a result, the group’s turnover decreased by 4% to 351 million euros (2014: 367 million euros). On that turnover, THG managed to realize an EBITDA of 21.4 million euros (+42%) and a net profit of 8.4 million euros due to solid contributions from the dealerships, leasing and renting activity, and from the turbo division.

In 2015, the group opened a new garage and the new head office in Hooglede (Roeselare). At the same time, a thorough renovation and extension of the garage in Strépy (close to La Louvière) was started. In 2016, a new garage will be built in Sofia (Bulgaria), while the construction of new service points in Le Havre (France) and Minsk (Belarus) is also under study.



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