on Delticom AG (ETR:DEX)
Delticom AG Raises 2025 Revenue Forecast Amidst Mixed Tire Demand
In its Q3 report, Delticom AG, a leading European online tire retailer, announced an increase in its 2025 revenue forecast. The company reported a gross merchandise volume of €422 million for the first nine months, up from €389 million last year. Revenues reached €343 million, reflecting an 8% growth from €319 million the previous year. However, operating EBITDA declined to €6.6 million, impacted by currency issues and inflation.
Despite mixed demand for tires in Germany, with summer tires decreasing and all-season tires rising, Delticom adjusted its product offerings effectively. The European tire market saw a decrease in summer tire sales by 7%, while demand for all-season and winter tires rose by 5% and 6%, respectively.
Delticom's revised revenue forecast for 2025 now ranges from €490 million to €510 million. The company maintains its EBITDA forecast of €19 million to €21 million, relying on profitable projects in the fourth quarter.
R. P.
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