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Delticom (DEX) investor relations material

Delticom Q2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2025 earnings summary14 Aug, 2025

Executive summary

  • Revenues rose 11.6% year-over-year to €236.5 million in H1 2025, with gross merchandise volume up 10.4% to €285.4 million.

  • EBITDA declined 32.3% to €5.3 million, and EBIT turned negative at €-0.6 million due to unscheduled depreciation and currency losses.

  • Net income was €-1.7 million, down from €0.1 million in H1 2024, with EPS at €-0.12.

  • Over 355,000 new customers were acquired, a 16.4% increase year-over-year.

Financial highlights

  • Gross margin decreased to 24.3% from 26.4% year-over-year, mainly due to a change in sales mix.

  • Gross profit increased 5.2% to €69.9 million.

  • Operating cash flow improved to €-4.6 million from €-21.5 million in H1 2024, mainly due to better working capital management.

  • Equity ratio stood at 20.5%, with equity at €50.0 million.

  • Liquidity position was €3.5 million at period end.

Outlook and guidance

  • Full-year revenue guidance maintained at €470–490 million.

  • Operating EBITDA for 2025 expected in the range of €19–21 million.

  • Management expects free cash flow for the year to be in the low single-digit million range.

  • Winter tyre business in H2 2025 will be crucial for annual performance.

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Frequently asked questions

Delticom AG, established on July 2, 1999, is recognized as a leader in Europe for the online distribution of tires and complete wheels. The company operates through a network of over 300 online shops and distribution platforms in more than 70 countries, offering a wide range of products for cars, motorcycles, and other vehicles. Delticom's portfolio includes over 600 tire brands and around 18,000 tire models for various vehicle types, including electric vehicles. The company has developed a comprehensive service model that includes the delivery of tires directly to customers or to one of approximately 30,000 partner garages across Europe for installation. Delticom AG is headquartered in Hannover, Germany, and its shares are listed on the German Stock Exchange’s Prime Standard.

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