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Delticom (DEX) investor relations material

Delticom Q3 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2025 earnings summary13 Nov, 2025

Executive summary

  • Revenues for the first nine months of 2025 increased by 8% year-over-year to €343 million, with gross merchandise volume up 8.4% to €422 million.

  • Operating EBITDA for 9M 2025 was €6.6 million, down from €10.6 million in 9M 2024, impacted by negative currency effects and inflationary costs.

  • Net income for the period was negative at €-3.2 million, compared to €-1.5 million in the prior year.

  • Revenues forecast for the full year 2025 has been raised to €490–510 million, with operating EBITDA guidance confirmed at €19–21 million.

Financial highlights

  • Gross profit for 9M 2025 was €99.7 million, up 3.4% year-over-year.

  • Gross margin declined to 24.6% from 26.3% in 9M 2024.

  • EBITDA margin fell to 1.8% from 2.7% year-over-year.

  • EBIT dropped to €-2.0 million from €1.2 million, affected by a €1.2 million unscheduled write-down.

  • Earnings per share decreased to €-0.22 from €-0.10 year-over-year.

Outlook and guidance

  • Full-year 2025 revenues are now expected between €490 million and €510 million, up from the previous forecast of €470–490 million.

  • Operating EBITDA for the year is expected to reach the previously forecasted range of €19–21 million.

  • The fourth quarter is expected to be decisive for full-year profitability.

Detail Q4's path to full-year EBITDA guidance
Address gross margin decline and cost pressures
Explain significant inventory reduction strategy
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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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