Slide 1: Europe's leading online tyre retailer – FY 2025 Results
Europe‘s leading online tyre retailer FY 2025 Results
Slide 2: Agenda
Key developments FY 2025 1 Market environment FY 2025 2 AGENDA Content of Webcast Key financials FY 2025 3 Outlook FY 2026 4 2
Slide 3: FY 2025: Key Developments
FY 2025: KEY DEVELOPMENTS Enhanced data-driven management in the areas of pricing, campaign management and inventory control ✓ Achieving further standardization benefits in customer communications through the use of intelligent systems✓ Improved stock availability and optimized warehouse processes t
Slide 4: FY 2025: Market Environment
FY 2025: MARKET ENVIRONMENT Moderate recovery of economic activity in Europe; with solid domestic consumption against a backdrop of relatively low investments Ongoing geopolitical tensions reinforced cautious market behavior According to ETRMA, the European tyre industry saw volume decrease by 2 % i
Slide 5: FY 2025: Revenues Development
FY 2025: REVENUES DEVELOPMENT Revenues (in €m) +10.4 % -6.7 % -13.8 % +0.7 % GMV GMV GMV GMV 482 484 212 237 270 247 163 140 +11.6 % / -8.3 % / -13.8 % / +0.4 % / +24.5 €m -22.5 €m -22.4 €m +2.1 €m Gross merchandise volume (GMV) H1 2024 H1 2025 H2 2024 H2 2025 Q4 2024 Q4 2025 2024 2025 Revenues incl
Slide 6: FY 2025: Gross Margin & Gross Profit Margin
FY 2025: GROSS MARGIN & GROSS PROFIT MARGIN Gross profit margin simple Gross profit simple (Revenues less COGS; 25.5 26.7 (Revenues less COGS; in % of Revenues) in €m) 123 129 +1.2 pps +5.1 % 2024 2025 2024 2025 Gross profit margin 29.7 Gross profit 148 150 29.3 (Total income less COGS; (Total incom
Slide 7: FY 2025: EBITDA
FY 2025: EBITDA Reported EBITDA (in €m) H1 2024 H1 2025 H2 2024 H2 2025 Q4 2024 Q4 2025 2024 2025 20.3 19.8 12.5 14.5 11.7 13.5 7.8 -2.5 €m 5.3 +2.0 €m +1.8 €m -0.5 €m EBITDA margin: EBITDA margin: EBITDA margin EBITDA margin 2.2% (H1 2024: 3.7%) 5.9% (H2 2024: 4.6%) 9.6% (Q4 2024: 7.2%) 4.1% (2024:
Slide 8: FY 2025: EBIT
FY 2025: EBIT EBIT (in €m) H1 2024 H1 2025 H2 2024 H2 2025 Q4 2024 Q4 2025 2024 2025 9.5 9.0 10.9 10.2 2.8 7.4 8.9 -3.4 €m +2.1 €m +0.9 €m -1.3 €m -0.6 EBIT margin: EBIT margin EBIT margin EBIT margin -0.3 % (H1 2024: 1.3 %) 3.8 % (H2 2024: 2.7 %) 7.7 % (Q4 2024: 5.5 %) 1.8 % (2024: 2.1 %) Earnings
Slide 9: FY 2025: P&L
FY 2025: P&L Unit 2024 2025 Revenues EU: -0.6 %; Non-EU: +5.8 Revenues €m 481.6 483.7 +0.4% % -> growth opportunities seized Gross profit €m 148.3 149.5 +0.8% Reduction in headcount after closing Sehnde warehouse end of H1 2024 Personnel expenses €m 13.5 11.1 -17.6% Transportation costs 48 €m (+3 %)
Slide 10: FY 2025: Balance Sheet: Assets (Excerpt)
FY 2025: BALANCE SHEET: ASSETS (EXCERPT) Unit 31.12.2024 31.12.2025 Non-current assets €m 124.2 119.5 Expiry of leases due to sale of DeltiLog GmbH (MBO) Fixed assets €m 112.7 104.3 Reduction in deferred tax assets Other assets €m 11.5 15.1 from loss carryforwards Current assets €m 112.5 96.0 Summer
Slide 11: FY 2025: Balance Sheet: Equity & Liabilities (Excerpt)
FY 2025: BALANCE SHEET: EQUITY & LIABILITIES (EXCERPT) Unit 31.12.2024 31.12.2025 Equity €m 52.0 54.3 Further strengthening of equity No long-term debts with banks Liabilities €m 184.7 161.2 but long-term lease obligations (IFRS 16) Long-term liabilities €m 59.1 49.3 Short-term liabilities €m 119.1
Slide 12: FY 2025: Free Cashflow
FY 2025: FREE CASHFLOW Free Cashflow 2024 (€m) Free Cashflow 2025 (€m) Cashflow from Cashflow from Cashflow from Cashflow from operating activities investing activities Free Cashflow operating activities investing activities Free Cashflow 10.3 7.2 4.9 -1.0 -5.9 -3.2 Increase in operating cashflow ma
Slide 13: Outlook FY 2026: Revenues and EBITDA Guidance
OUTLOOK FY 2026: REVENUES AND EBITDA GUIDANCE € 480 – 520 million Positive Free Cashflows are expected in the medium term € 19 – 24 million Revenues 2026e EBITDA (operative) 2026e ➔ Considerable uncertainty at present: willingness to spend, introduction of anti-dumping duties, change in driving beha
Slide 14: OpenAl ChatGPT 2026
OpenAl ChatGPT 2026