on Delticom AG (isin : DE0005146807)
Delticom Releases Semi-Annual Report 2024: 7% Revenue Growth, 11% Increase in Operating EBITDA
Delticom AG, Europe's leading online retailer for tires and complete wheels, has published its Semi-Annual Report for 2024. The company reported a 7.2% increase in revenues, reaching €212 million compared to €198 million in the first half of 2023. Operating EBITDA rose by 10.9% to €8.0 million.
Increased market demand for all-season tires offset a decline in winter tire sales. Despite e-commerce revenues in Germany falling by 1.2% year-on-year, Delticom's performance remained robust. The company's gross merchandise volume grew by 6.1% to €259 million.
Delticom's forecast for full-year revenues remains between €450 million and €470 million. The company's focus on profitable growth continues, supported by increased equity ratio from 17.5% to 20.6%.
R. H.
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