Delticom AG

DEX

Equity

ISIN DE0005146807 / Valor 2754216

Xetra (2026-01-30)

EUR 2.33+1.30%

Delticom AG
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About company

Delticom AG is a leading e-commerce company specializing in the online retailing of tires and automotive products. With over 20 years of experience, the company operates more than 300 online shops and distribution platforms in over 70 countries worldwide, primarily in Europe. Delticom has built up expertise in setting up and operating online shops, acquiring customers online, online marketing, and developing partner networks and logistics processes. The company offers a wide range of products, including over 600 tire brands and around 18,000 tire models, catering to both private and business customers. Delticom's commitment to steady growth in online retailing and digitalization has made it Europe's largest online tire retailer, serving more than 17 million satisfied customers globally.

Summarized from source with an LLMView SourceSector: Non-Energy Materials

Revenues

Full-year revenues: €475.7m (2022: €509.3m, -6.6%). Management notes conservative planning for 2024 and does not assume a repeat of the strong Q4 winter-tyre demand.

Profitability

EBITDA rose to €20.6m (+37.6% y/y); after adjusting for non-recurring syndicated-loan costs (€1.2m) operating EBITDA was €21.8m (2022: €15.0m). EBIT improved to €11.5m (2022: €4.2m).

Net income & EPS

Consolidated net income: €8.0m (2022: €2.8m), EPS €0.54 (2022: €0.19) — a marked year-on-year improvement driven by higher margin mix and cost control.

Margins and mix

Gross margin increased to 24.4% (2022: 21.6%), largely due to a favourable shift in product mix (higher demand for quality tyres from Asian manufacturers).

Balance sheet and liquidity

Total assets €191.6m; equity €47.6m (up 20.1%) and equity ratio 24.9% (2022: 20.3%). Reported liquidity position €7.3m (cash + liquidity reserve), up significantly versus prior year.

Working capital & investments

Inventories modestly reduced to €41.2m (2022: €43.3m). Investments in tangible/intangible assets were €5.6m (2022: €2.6m).

Capital structure & refinancing

Management reduced financial debt and closed/merged some subsidiaries to cut costs. The syndicated loan runs until Dec 2024 and follow-up financing discussions are ongoing.

Dividend & reserves

The company reversed legal and part of capital reserves to offset historical loss carryforwards, creating scope for future dividends — however, under German law no dividend was proposed for 2023; Management aims to revisit this for 2024 (payable in 2025).

Outlook for 2024

Guidance: revenues €450–470m and operating EBITDA €19–21m (management states planning is conservative and does not assume a market recovery or repeat of the strong winter-tyre Q4 2023).

Summarized from source with an LLMView Source

Key figures

14.2%1Y

-1.69%3Y

-66.1%5Y

Performance

43.2%1Y

53.2%3Y

55.8%5Y

Volatility