Delticom publishes Semi-Annual Report 2024: 7 % revenues growth, 11 % increase in operating EBITDA

EQS-News: Delticom AG / Key word(s): Half Year Report Delticom publishes Semi-Annual Report 2024: 7 % revenues growth, 11 % increase in operating EBITDA 14.08.2024 / 14:30 CET/CEST The issuer is solely responsible for the content of this announcement. Delticom publishes Semi-Annual Report 2024: 7 % revenues growth, 11 % increase in operating EBITDA

Hanover, August 14, 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 publishes its report for the first half year of 2024.

• Gross merchandise volume (GMV) totalled € 259 million (H1 2023: € 244 million)
• Revenues amount to € 212 million (H1 2023: € 198 million)
• Increase in operating EBITDA by 11 %
• Equity ratio increased from 17.5 % to 20.6 %
• Full-year forecast confirmed

In the first six months of the current fiscal year, Delticom AG continued to focus on profitable growth and increased its operating EBITDA from € 7.2 million to € 8.0 million.

The replacement tyre business in Germany continued its slight recovery from 2023 in the first half of the year. According to initial estimates by market experts, around 3 % more car tyres were sold by dealers to consumers in Germany in the first six months of the current year compared to the same period of the previous year. While no year-on-year growth was recorded in the summer tyre business, demand for all-season tyres increased by around 9 %. Sales in the winter tyre business were 3 % lower than in the first six months of 2023. According to the German E-Commerce and Distance Selling Trade Association (bevh), e-commerce revenues in Germany were down 1.2 % year-on-year in the first six months of the current year. However, a small year-on-year increase in revenues of 0.2 % was recorded in the second quarter.