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Delticom publishes Annual Report 2023: Consolidated net income increased to € 8 million, basis for possible dividend payment in 2025 formed

EQS-News: Delticom AG / Key word(s): Annual Report Delticom publishes Annual Report 2023: Consolidated net income increased to € 8 million, basis for possible dividend payment in 2025 formed 19.04.2024 / 13:48 CET/CEST The issuer is solely responsible for the content of this announcement. Delticom publishes Annual Report 2023: Consolidated net income increased to € 8 million, basis for possible dividend payment in 2025 formed

Hanover, April 19, 2024 – 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 2023. 

• Gross merchandise volume (GMV) totalled € 586 million (2022: € 582 million)
• Revenues of € 476 million (forecast for 2024: € 450-470 million)
• Increase in operating EBITDA to € 22 million (forecast for 2024: € 19-21 million)
• Net income amounted to € 8 million (2022: € 3 million)
• Further reduction in financial debt against the backdrop of the company's positive development and stringent working capital management
• Increase in equity to € 48 million (2022: € 40 million)
• Equalisation of loss carryforwards from previous years at Delticom AG creates basis for possible dividend payment in 2025

Fiscal year 2023

In the past fiscal year, Delticom AG focussed on further improving the profitability in its operating business and was able to increase its operating EBITDA from € 15.0 million to € 21.8 million. As a result, operating EBITDA exceeded the upper range of the forecast corridor (forecasted range: € 14-18.9 million).

In the past fiscal year, the Delticom Group generated revenues of € 476 million (2022: € 509 million). In the 2023 financial year, 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. This results in a partial shift of the shop business to platform business. Accordingly, commission income is realised for the shifted share of revenues. The year-on-year decrease in revenues is primarily due to this shift. The gross merchandise volume for the year as a whole totalled € 586 million (2022: € 582 million).