on Delticom AG (isin : DE0005146807)
Delticom Reports Q3 Revenue and EBITDA Growth
Delticom AG, Europe's leading online tyre retailer, announced its business performance for the first nine months of 2024. Revenues increased by 8% to €318.9 million, compared to €295.4 million in the previous year. Operating EBITDA saw a slight rise to €10.6 million from €10.2 million in 2023.
The gross merchandise volume grew by 7.7%, reaching €388.8 million. Despite a decrease in EBITDA due to warehousing costs, the company maintained its focus on operational efficiency. The increase in gross margin from 22.6% to 26.3% contributed to these results.
The tire market in Germany showed significant demand for all-season and winter tyres, while summer tyres experienced a decline. Delticom confirmed its full-year forecast, anticipating revenues between €450 and €470 million, with operating EBITDA between €19 and €21 million.
R. P.
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