Delticom AG Delays Annual Report 2023 and AGM 2024 Due to Audit Complications

Delticom AG, a leading entity in the online distribution of tires and related products, announced a delay in the publication of its Annual Report for 2023 and the subsequent postponement of its Annual General Meeting (AGM) for 2024. Initially scheduled for release on March 27, 2024, the annual report's delay consequently affects the AGM, initially planned for May 14, 2024, in Hanover, pushing it to an expected date in June 2024.

The company, listed under German Securities Code (WKN) 514680 and stock market symbol DEX, attributes the delay to prolonged audit processes and the preparation of its financial statements as of December 31, 2023. BDO AG Wirtschaftsprüfungsgesellschaft, appointed during the AGM on June 21, 2023, as the auditor, is presently grappling with incomplete audit procedures. Delticom AG admits the initial timeline for the audit and financial statement preparation, jointly estimated with BDO, was overly optimistic.

However, Delticom AG reassures stakeholders, anticipating BDO will complete the audit and issue the certificate by the end of April 2024. The delay marks a significant event for the company, which is renowned for its extensive product range and online presence across 67 countries, catering to approximately 19 million customers globally.