Delticom AG Reports 2024 Financial Results with Increased EBITDA

Delticom AG, Europe's prominent online tyre retailer, announced its 2024 financial results, revealing an increase in operating EBITDA to €22.7 million from €21.8 million in 2023. The company proposed a dividend of €0.12 per share, reflecting its solid fiscal year.

The year's gross merchandise volume rose to €597 million, marking a 1.8% increase compared to 2023. Delticom's revenues grew to €482 million, an improvement of 1.3% from the prior year. However, net income faced a decline, falling to €4 million from €8 million in 2023.

The gross margin increased from 24.4% to 25.5%, attributed to an improved sales mix and management adjustments. Despite one-off costs linked to relocation and loan agreements, EBITDA stood at €20.3 million. Additionally, equity rose to €52 million from €48 million.

Delticom remains cautious for 2025, estimating revenues between €470-490 million due to uncertainties in the economic landscape, aiming for an operating EBITDA of €19-21 million.