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Delticom publishes Semi-Annual Report 2022: Increase in revenues in core business by 2.5 % to € 220 million, EBITDA up by 10.4 %

DGAP-News: Delticom AG / Key word(s): Half Year Report Delticom publishes Semi-Annual Report 2022: Increase in revenues in core business by 2.5 % to € 220 million, EBITDA up by 10.4 % 11.08.2022 / 14:25 CET/CEST The issuer is solely responsible for the content of this announcement. Delticom publishes Semi-Annual Report 2022: Increase in revenues in core business by 2.5 % to € 220 million, EBITDA up by 10.4 %

 

Hanover, August 11, 2022 – Delticom AG (German Securities Code (WKN) 514680, ISIN DE0005146807, stock market symbol DEX), Europe's leading online retailer for tyres and complete wheels, today publishes its report for the first half year of 2022.

 

• Q2 revenues in core business € 129 million (+1.1 % yoy), H1 revenues € 220 million (+2.5 % yoy)
• EBITDA increase by 10.4 % to € 8.9 million (H1 2021: € 8.0 million)
• Improvement of consolidated net income in H1 2022 to € 2.8 million (H1 2021: € 1.0 million)

 

Macroeconomic developments

 

The global recovery from the Corona crisis has clearly lost momentum after the turn of the year. After commodity prices had already risen across the board last year, Russia's invasion of Ukraine led to a further price surge this year. A strong increase in demand worldwide due to the economic situation is being met with reduced supply in Europe for both oil and natural gas, not least due to the sanctions imposed by the EU against Russia. In view of the economic disruptions, inflation has risen sharply worldwide in recent months. In July, the inflation rate in the euro area reached a record level of 8.9 % due to the rapid increase in energy prices. This is not without consequences for consumer spending. Most recently, private consumption in the euro area was around 3 % below the pre-crisis level of the fourth quarter of 2019.