EQS-News: Delticom publishes Annual Report 2024: Operating EBITDA increased to € 22.7 million, dividend proposal of € 0.12 per share

Delticom publishes Annual Report 2024: Operating EBITDA increased to € 22.7 million, dividend proposal of € 0.12 per share 

Hanover, March 27, 2025 – Delticom AG (German Securities Code (WKN) 514680, ISIN DE 0005146807, stock market symbol DEX), Europe’s leading online retailer for tyres and complete wheels, today published its Annual Report 2024. 

• Gross merchandise volume (GMV) up to € 597 million (2023: € 586 million)
• Revenues of € 482 million (forecast for 2025: € 470-490 million)
• Increase in operating EBITDA to € 22.7 million (forecast for 2025: € 19-21 million)
• Net income amounted to € 4 million (2023: € 8 million)
• Expected dividend of € 0.12 per share
• Increase in equity to € 52 million (2023: € 48 million)

Fiscal year 2024

In the past fiscal year, Delticom AG further improved its profitability and cost structure and increased its operating EBITDA from € 21.8 million to € 22.7 million. As a result, the company has exceeded the target set at the start of the year (forecasted range: € 19-21 million).

In the past fiscal year, the Delticom Group generated revenues of € 482 million (2023: € 476 million), an increase of 1.3 %. In the prior fiscal year 2023, the previous shop business was supplemented by platform business. The company provides the technical infrastructure and its sales and process expertise to enable external third parties to sell goods online to Delticom's private and commercial end customers and realises the commission income for the corresponding share of revenues. The gross merchandise volume for the year as a whole increased to € 597 million (2023: € 586 million, +1.8 %).

The gross margin (trade margin excluding other operating income) totalled 25.5 % for the past financial year, compared to 24.4 % in the same period of the previous year. The increase is mainly due to a change in the sales mix and an adjusted sales management compared to the previous year.

EBITDA reported amounts to € 20.3 million (2023: € 20.6 million). The company was thus able to largely offset the one-off costs of € 2.4 million, mainly in connection with the relocation of the warehouse location in Hanover and the extension of the syndicated loan agreement, as well as the planned reduction in income from project business.

In addition to the € 1.5 million increase in depreciation of right-of-use assets in accordance with IFRS 16 due to the rental of new warehouse locations, the financial result decreased by € 1.2 million compared to the previous year, following financial income of € 1.0 million in the previous year resulting from a compounding effect in connection with project development.

At € 3.6 million, income taxes were up on the previous year (2023: € 2.1 million), thereof € 3.1 million deferred taxes, of which € 0.9 million is not related to the accounting period. For the past and previous financial years, around € 1.0 million in taxes will be recognised as a short-term cash outflow.

At € 4.0 million or € 0.27 per share, consolidated net income is correspondingly lower than in the previous year (2023: € 8.0 million or € 0.54 per share). Delticom AG's earnings relevant for the dividend distribution amount to € 2.7 million or € 0.18 per share (2023: € 8.0 million or € 0.54 per share). The Management Board and Supervisory Board of Delticom AG will propose to the Annual General Meeting on July 09, 2025 to pay a dividend of € 0.12 per share from the balance sheet profit of € 2,650,562.83 for the shares outstanding at the time of distribution and to carry forward the remaining amount to new account.

Outlook 2025 

Even though experts anticipate moderate growth for the eurozone economy in 2025, the economy remains dampened by structural weaknesses, geopolitical risks and trade conflicts. There is therefore still considerable uncertainty regarding market developments in the current year. The company's planning therefore does not reflect either the opportunities for a market recovery or the risk of a significant deterioration in the economic and sector-specific conditions. Accordingly, the management is planning revenues in the range of € 470-490 million for the current financial year.

The company expects to further reduce costs in the current year in order to offset inflation-related cost increases. For operating EBITDA for the year as a whole, the Management Board is forecasting a range of € 19-21 million, depending on revenues.

The complete report for the 2024 fiscal year can be downloaded from the website www.delti.com within the “Investor Relations” section.
Delticom Group – Key Figures 

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About Delticom:

With its brand Reifendirekt, Delticom AG is the leading company in Europe for the online distribution of tyres and complete wheels.

The product portfolio for private and business customers comprises an unparalleled range of around 600 brands and nearly 80,000 tyre models for cars and motorcycles. Complete wheels and rims complete the product range. The company operates 348 online shops and online distribution platforms in 70 countries, serving approximately 20 million customers. In the online shop Reifendirekt.de, sustainable and resource-saving tyres are labelled accordingly and awarded a sustainability seal.

As part of the service, the ordered products can be sent to one of Delticom's around 26,000 partner garages in Europe for mounting at the customer's request.

Based in Hanover, Germany, the company operates primarily in Europe and has extensive expertise in the development and operation of online shops, internet customer acquisition, internet marketing and the establishment of partner networks.

Since its foundation in 1999, Delticom has built up comprehensive expertise in designing efficient and fully integrated ordering and logistics processes. The company's own warehouses are among its most important assets.

In fiscal year 2024, Delticom AG generated revenues of around 482 million euros. At the end of last year, the company employed 122 people.

Delticom AG shares have been listed in the Prime Standard of Deutsche Börse since October 2006 (ISIN DE0005146807).

On the internet at: www.delti.com
Contact: 

Delticom AG
Investor Relations
Melanie Becker
Hedwig-Kohn-Straße 1
31319 Sehnde
Phone: +49 (0)511-93634-8903
Fax: +49 (0)511-8798-9138
Email: melanie.becker@delti.com