Delticom (DEX) Q3 2026 earnings summary

Executive summary

• 9M 2026 revenue fell 7.3% YoY to €318m and GMV fell 7.9% to €388m; operating EBITDA rose 38.7% to €9.2m as cost structure improved.

• Full-year revenue and operating EBITDA guidance was confirmed; Q4 winter business remains a key determinant of results.

Financial highlights

• Q3 revenue was €104m versus €107m in Q3 2025; 9M revenue was €318m versus €343m.

• 9M EBITDA increased to €8.9m from €6.3m; operating EBITDA, adjusted for refinancing-related costs, increased to €9.2m from €6.6m.

• 9M EBIT improved to €1.6m from a loss of €2.0m; net loss narrowed to €0.5m from €3.2m, and EPS improved to -€0.04 from -€0.22.

• Gross profit was €92.3m versus €99.7m; gross margin was 24.5% versus 24.6%.

Outlook and guidance

• FY 2026 revenue guidance remains €480m–€520m; operating EBITDA guidance remains €19m–€24m, depending on revenue.

• Full-year performance depends largely on Q4 winter business; management was satisfied with the season start in October.

• Winter tyre season started two weeks later than in 2025 due to weather conditions.