Delticom Ag · XETR:DEX
Delticom — H1 2026 Earnings Presentation
13 slides from Delticom's earnings presentation, August 2026
Slide 1: Europe's leading online tyre retailer – H1 2026 Results
Europe‘s leading online tyre retailer H1 2026 Results
Slide 2: Agenda
AGENDA 1 2 3 Key Insights Key Insights • Strong operating • Strong operating cashflow cashflow • Lower • Lower balance sheet investments vs. investments vs. FY24 FY24 • Positive free • Positive free cashflow supports cashflow supports Market environment Key financials balance sheet Guidance balance
Slide 3: H1 2026: Market Environment
H1 2026: MARKET ENVIRONMENT Eurozone stabilised only slightly - geopolitical tensions, a sharp rise in energy prices and marked reluctance to invest; Economy in Germany stuck in a period of marked economic weakness Mixed picture in the European consumer tyre segment: sell-in volume +2 %* driven by a
Slide 4: H1 2026: Revenues Development
Revenues (in €m) H1 2026: REVENUES DEVELOPMENT GMV change yoy Q1 Q2 H1 -5.9 % -9.6 % -5.9 % -12.6 % -9.6 % 237 214 105 99 131 115 2025 2026 2025 2026 2025 2026 -6.1 % -12.3 % -9.5 % -6.5 €m -16.1 €m -22.5 €m • Focus on profitability in H1 2026 while growth opportunities were taken in H1 2025 • Consu
Slide 5: H1 2026: Gross Margin & Gross Profit
H1 2026: GROSS MARGIN & GROSS PROFIT % % € € Gross margin simple Gross profit margin Gross profit simple Gross profit (in % of revenues) (Total income ./. COGS; (Revenues less COGS; (Total income less COGS; in % of total income) in €m) in €m) 70 57 62 53 24.3 24.9 28.1 27.9 H1 2025 H1 2026 H1 2025 H
Slide 6: H1 2026: EBITDA
EBITDA (in €m) H1 2026: EBITDA EBITDA margin 1.3 % 1.0 % 3.0 % 4.0 % 2.2 % 2.6 % 5.6 5.3 4.6 3.9 1.4 1.0 Q1 2025 Q1 2026 Q2 2025 Q2 2026 H1 2025 H1 2026 -0.4 €m +0.7 €m +0.3 €m • Q2: Increase in EBITDA despite revenues decline of 16 €m • H1: Margin management and reduced cost base due to efficiency
Slide 7: H1 2026: EBIT
EBIT (in €m) H1 2026: EBIT EBIT margin Q1 2025 Q1 2026 Q2 2025 Q2 2026 H1 2025 H1 2026 -1.0 % -1.2 % 0.4 % 1.8 % -0.3 % 0.4 % 2.1 0.5 0.9 -1.1 -1.2 -0.6 -0.1 €m +1.6 €m +1.5 €m • Q2: no unscheduled depreciation compared to Q2 2025 (1.2 €m on current assets) • H1: € +1.5 million EBIT improvement vs.
Slide 8: H1 2026: P&L
H1 2026: P&L Unit H1 2025 H1 2026 Change Revenues €m 236.5 214.0 -9.5 % Challenging market environment in Europe Gross profit €m 69.9 62.3 -10.9 % Reduction in headcount (automation and AI) Personnel expenses €m 5.6 5.0 -11.0 % Cost reductions in an inflationary Other operating environment €m 59.0 5
Slide 9: H1 2026: Balance Sheet: Assets
H1 2026: BALANCE SHEET: ASSETS Excerpt Unit 30.06.2025 31.12.2025 30.06.2026 Non-current assets €m 122.0 119.5 111.9 -17 €m in rights of use: deconsolidation + Fixed assets €m 108.4 104.3 96.7 early termination of a rental agreement Other assets €m 13.6 15.1 15.2 Winter preparation under way: ramp-u
Slide 10: H1 2026: Balance Sheet: Equity & Liabilities
H1 2026: BALANCE SHEET: EQUITY & LIABILITIES Excerpt Unit 30.06.2025 31.12.2025 30.06.2026 Equity €m 50.0 54.3 54.1 Less long-term lease obligations as of 30.06.; Liabilities €m 193.5 161.2 174.5 Mehrum will be activated in H2 2026 Long-term liabilities €m 54.9 49.3 37.6 86 €m trade payables (+2.6 m
Slide 11: H1 2026: Free Cashflow
in €m H1 2026: FREE CASHFLOW +4.9 H1 2026 H1 2025 -0.3 -0.4 -1.1 -4.6 -5.9 -5.3 Operating Investments Investments Free Operating Investments Investments Free CF PPE Intangibles CF CF PPE Intangibles CF Increase in operating cashflow driven by working capital results in higher free cashflow despite i
Slide 12: Guidance FY 2026: Revenues and EBITDA
GUIDANCE FY 2026: REVENUES AND EBITDA Revenues 2026e € 480 – 520 Ongoing uncertainties: economy, consumers, market availability of Asian tyres and price trends million Winter tyre business H2 essentiell for FY performance EBITDA (operative) 2026e € 19 – 24 Continued focus on profitability million Fr
Slide 13: OpenAl ChatGPT 2026
OpenAl ChatGPT 2026