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13.05.2024 15:30:28 - dpa-AFX: EQS-News: Delticom publishes Q1 business development: Increase in revenues and earnings (english)
Delticom publishes Q1 business development: Increase in revenues and
earnings
EQS-News: Delticom AG / Key word(s): Quarter Results
Delticom publishes Q1 business development: Increase in revenues and
earnings
13.05.2024 / 15:30 CET/CEST
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Delticom publishes Q1 business development: Increase in revenues and
earnings
Hanover, May 13, 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, publishes the key points of its
business trends in the first quarter 2024 with this interim announcement.
* Full-year forecast confirmed
Delticom AG continued to work successfully in its core business in the first
three months of the current fiscal year and improved its operating EBITDA
from EUR -520 thousand to EUR +820 thousand. Against the backdrop that the 2023
winter season was exceptionally successful, this is necessary in order to
meet the full-year forecast.
In the first three months of the current fiscal year, revenues of Delticom
group increased by 24 % from EUR 78 million to EUR 97 million. This is due to
good sales and pre-sales in business with both private and commercial end
customers in view of the summer temperatures in February and March.
At EUR -1.4 million, the increase in revenues led to a 39 % improvement in
consolidated net income compared to the previous year (EUR -2.3 million).
Delticom expects a higher tax rate in 2024 than in 2023, so that the
improved consolidated net income in the first quarter is necessary to fulfil
the full-year forecast.
The positive business development is the result of both the corresponding
weather-related effect and the measures already taken in 2023 to reduce
costs and increase profitability, which will now take full effect in 2024.
In terms of revenues and profitability, the first quarter is only of
comparatively minor importance in relation to the year as a whole, as it
typically represents the transition from the winter to the summer tyre
business. In addition, weather-related shift effects are not uncommon in the
tyre trade. The development for the year as a whole will therefore largely
depend on the winter tyre business in the fourth quarter of 2024. It should
be noted that the fourth quarter of 2023 was exceptionally strong due to the
weather and that this effect cannot be expected to be repeated.
Due to the acceptable start to 2024, Delticom AG confirms its forecast. The
company continues to expect revenues of between EUR 450 million and EUR 470
million in 2024. Operating EBITDA is still targeted between EUR 19 million and
EUR 21 million, depending on revenues.
The Semi-Annual Report will be made available for download on August 14,
2024 on the website www.delti.com in the "Investor Relations" section.
Delticom Group - Key Figures
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 more than 600 brands and over 40,000 tyre models for
cars and motorcycles. Complete wheels and rims complete the product range.
The company operates 355 online shops and online distribution platforms in
67 countries, serving more than 19 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 approximately 30,000 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 2023, Delticom AG generated revenues of around 476 million
euros. At the end of the first quarter 2024, the company employed 168
people.
The shares of Delticom AG have been listed in the Prime Standard of the
German Stock Exchange since October 2006 (ISIN DE0005146807).
On the internet at: www.delti.com
Contact:
Delticom AG
Investor Relations
Melanie Becker
Brühlstraße 11
30169 Hannover
Phone: +49 (0)511-93634-8903
Fax: +49 (0)511-8798-9138
Email: melanie.becker@delti.com
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13.05.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
---------------------------------------------------------------------------
End of News EQS News Service
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1901591 13.05.2024 CET/CEST
earnings
EQS-News: Delticom AG / Key word(s): Quarter Results
Delticom publishes Q1 business development: Increase in revenues and
earnings
13.05.2024 / 15:30 CET/CEST
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Delticom publishes Q1 business development: Increase in revenues and
earnings
Hanover, May 13, 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, publishes the key points of its
business trends in the first quarter 2024 with this interim announcement.
* Gross merchandise volume (GMV) amounted to EUR 119 million (Q1 2023: EUR 96
million)
* Consolidated net income totalled EUR -1.4 million (Q1 2023: EUR -2.3
million)
* Full-year forecast confirmed
Delticom AG continued to work successfully in its core business in the first
three months of the current fiscal year and improved its operating EBITDA
from EUR -520 thousand to EUR +820 thousand. Against the backdrop that the 2023
winter season was exceptionally successful, this is necessary in order to
meet the full-year forecast.
In the first three months of the current fiscal year, revenues of Delticom
group increased by 24 % from EUR 78 million to EUR 97 million. This is due to
good sales and pre-sales in business with both private and commercial end
customers in view of the summer temperatures in February and March.
At EUR -1.4 million, the increase in revenues led to a 39 % improvement in
consolidated net income compared to the previous year (EUR -2.3 million).
Delticom expects a higher tax rate in 2024 than in 2023, so that the
improved consolidated net income in the first quarter is necessary to fulfil
the full-year forecast.
The positive business development is the result of both the corresponding
weather-related effect and the measures already taken in 2023 to reduce
costs and increase profitability, which will now take full effect in 2024.
In terms of revenues and profitability, the first quarter is only of
comparatively minor importance in relation to the year as a whole, as it
typically represents the transition from the winter to the summer tyre
business. In addition, weather-related shift effects are not uncommon in the
tyre trade. The development for the year as a whole will therefore largely
depend on the winter tyre business in the fourth quarter of 2024. It should
be noted that the fourth quarter of 2023 was exceptionally strong due to the
weather and that this effect cannot be expected to be repeated.
Due to the acceptable start to 2024, Delticom AG confirms its forecast. The
company continues to expect revenues of between EUR 450 million and EUR 470
million in 2024. Operating EBITDA is still targeted between EUR 19 million and
EUR 21 million, depending on revenues.
The Semi-Annual Report will be made available for download on August 14,
2024 on the website www.delti.com in the "Investor Relations" section.
Delticom Group - Key Figures
Q1/24 Q1/23 -/+ (%, %p)
GMV EURm 119.2 96.2 +23.8
Revenues EURm 96.7 78.0 +24.0
Revenues EU EURm 83.3 65.8 +26.6
Revenues Non-EU EURm 13.4 12.2 +9.7
Total income EURm 101.7 85.0 +19.7
Gross margin % 22.0 22.5 -0.5
Gross profit EURm 26.3 24.5 +7.3
EBITDA EURm 0.65 -0.74 >100
Operative EBITDA EURm 0.82 -0.52 >100
EBITDA margin % 0.67 -0.95 +1.62
EBIT EURm -1.59 -2.94 +45.9
Net income for the period EURm -1.42 -2.32 +38.8
Earnings per share EUR -0.10 -0.16 +38.8
Total assets EURm 236.6 240.1 -1.5
Inventories EURm 69.8 84.4 -17.3
Liabilities from trade payables EURm 100.8 106.3 -5.1
Equity EURm 46.2 37.4 23.6
Equity ratio % 19.5 15.6 +3.9
Return on equity % -3.07 -6.21 +3.14
Number of employees EURm 168 171 -1.8
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 more than 600 brands and over 40,000 tyre models for
cars and motorcycles. Complete wheels and rims complete the product range.
The company operates 355 online shops and online distribution platforms in
67 countries, serving more than 19 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 approximately 30,000 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 2023, Delticom AG generated revenues of around 476 million
euros. At the end of the first quarter 2024, the company employed 168
people.
The shares of Delticom AG have been listed in the Prime Standard of the
German Stock Exchange since October 2006 (ISIN DE0005146807).
On the internet at: www.delti.com
Contact:
Delticom AG
Investor Relations
Melanie Becker
Brühlstraße 11
30169 Hannover
Phone: +49 (0)511-93634-8903
Fax: +49 (0)511-8798-9138
Email: melanie.becker@delti.com
---------------------------------------------------------------------------
13.05.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
---------------------------------------------------------------------------
Language: English
Company: Delticom AG
Brühlstraße 11
30169 Hanover
Germany
Phone: +49 (0)511 93634 8000
Fax: +49 (0)511 8798 9138
E-mail: info@delti.com
Internet: www.delti.com
ISIN: DE0005146807
WKN: 514680
Listed: Regulated Market in Frankfurt (Prime Standard);
Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1901591
End of News EQS News Service
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1901591 13.05.2024 CET/CEST
| Name | WKN | Börse | Kurs | Datum/Zeit | Diff. | Diff. % | Geld | Brief | Erster | Schluss | |
|---|---|---|---|---|---|---|---|---|---|---|---|
 |
DELTICOM AG NA O.N. | 514680 | Frankfurt | 3,260 | 27.05.24 09:19:18 | +0,020 | +0,62% | 0,000 | 0,000 | 3,220 | 3,260 |
