Delticom's 2023 Annual Report: Net Income Soars to €8M, Paving Way for 2025 Dividend

• Delticom AG published its Annual Report 2023 - Consolidated net income increased to €8 million - Gross merchandise volume (GMV) totalled €586 million - Revenues amounted to €476 million - Operating EBITDA increased to €22 million - Increase in equity to €48 million - Basis for possible dividend payment in 2025 formed
• Delticom AG focused on improving profitability in its operating business in fiscal year 2023 - Revenues decreased to €476 million due to shift from shop business to platform business - Gross margin improved to 24.4% - Investments in AI-supported software and warehouse equipment increased to €5.6 million - Consolidated net income rose to €8 million - Legal reserve and capital reserve reversal created basis for future dividend distributions
• Delticom AG is unable to estimate European demand for replacement tires in 2024 due to economic and geopolitical risks - Revenues expected in the range of €450-470 million - Operating EBITDA forecasted at €19-21 million - Costs expected to be further reduced in 2024 - Strong winter tire business of 2023 not expected to be repeated in 2024 - Complete report for 2023 fiscal year available for download
• Delticom AG is Europe's leading online retailer for tires and complete wheels - Operates 355 online shops and platforms in 67 countries - Offers more than 600 brands and over 40,000 tire models - Generated revenues of around €476 million in fiscal year 2023 - Shares listed in the Prime Standard of Deutsche Börse since October 2006 - Contact for Investor Relations: Melanie Becker, Phone: [phone], Email: [e-mail]
• Delticom AG's key figures for 2023: - GMV: €586 million - Revenues: €476 million - Gross margin: 24.4% - EBITDA: €20.6 million - Net income: €8.0 million - Equity: €47.6 million - Investments: €5.6 million - Liquidity: €7.3 million - Operating cash flow: €27.5 million
• Delticom AG's expertise includes online distribution of tires and complete wheels - Operates in Europe with focus on online shops, internet marketing, and partner networks - Owns warehouses for efficient ordering and logistics processes - Employs 172 people - Shares listed in the Prime Standard of Deutsche Börse - Contact for Investor Relations: Melanie Becker, Phone: [phone], Email: [e-mail]

The next important date, Publication Annual Financial Report, at Delticom is on 19.04.2024.

The price of Delticom at the time of the news was 2,3900EUR and was up +4,82 % compared with the previous day.
14 minutes after the article was published, the price was 2,6000EUR this corresponds to a plus of +8,79 % since publication.

Delticom

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ISIN:DE0005146807WKN:514680

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