on Delticom AG (isin : DE0005146807)
Delticom AG Raises 2024 Revenue Forecast Due to Increased Demand
Delticom AG, a leading online retailer for tires and complete wheels in Europe, announced an increase in its revenue forecast for the full year 2024. This revision comes as a result of an unexpected spike in demand for winter tires following the recent onset of winter across Germany. The company now anticipates its annual revenues to fall within the range of €480 to €500 million, up from the previous estimate of €450 to €470 million.
The forecast for operating EBITDA remains unchanged, with expectations still set between €19 and €21 million. This adjustment reflects Delticom's ability to capitalize on seasonal demand shifts. Founded in 1999 and based in Hanover, Germany, Delticom operates 339 online shops in 68 countries, continuing to lead the market in online tire sales.
R. P.
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