Delticom Ag · XETR:DEX
Delticom — H1 2025 Earnings Presentation
13 slides from Delticom's earnings presentation, Aug 1, 2025
Slide 1: Europe's leading online tyre retailer – H1 2025 Results
Europe‘s leading online tyre retailer H1 2025 Results
Slide 2: Agenda
Market environment H1 2025 1 Key financials H1 2025 2 AGENDA Content of Webcast Outlook FY 2025 3 2
Slide 3: H1 2025: Market Environment
H1 2025: MARKET ENVIRONMENT According to initial estimates, in Germany tyre sales for passenger cars increased by approx. 1 % in H1 2025 vs. H1 2024 (summer: -4 %, all-season: +8 %, winter: -4 %) According to ETRMA, European tyre industry saw volume decrease by 1 % in H1 2025 in the consumer tyre se
Slide 4: H1 2025: Revenues Development
H1 2025: REVENUES DEVELOPMENT Revenues (in €m) +7.5 % +12.8 % +10.4 % GMV GMV GMV 212 237 115 131 97 105 +9.0% / +13.8% / +11.6% / +8.9 €m +15.9 €m +24.5 €m Gross merchandise volume (GMV) Q1 2024 Q1 2025 Q2 2024 Q2 2025 H1 2024 H1 2025 Commission contributions from platform business are continuously
Slide 5: H1 2025: Gross Margin & Gross Profit Margin
H1 2025: GROSS MARGIN & GROSS PROFIT MARGIN Gross margin simple Gross profit simple (Revenues less COGS; (Revenues less COGS; 56 57 in % of Revenues) in €m) 26.4 24.3 -2.1 pps +2.4% H1 2024 H1 2025 H1 2024 H1 2025 Gross profit margin Gross profit 66 70 (Total income less COGS; (Total income less COG
Slide 6: H1 2025: EBITDA
H1 2025: EBITDA Reported EBITDA (in €m) Q1 2024 Q1 2025 Q2 2024 Q2 2025 H1 2024 H1 2025 7.8 7.2 5.3 1.4 3.9 0.6 +0.8 €m -3.3 €m -2.5 €m EBITDA margin: EBITDA margin EBITDA margin 1.3% (Q1 2024: 0.7%) 3.0% (Q2 2024: 6.2%) 2.2% (H1 2024: 3.7%) Operative EBITDA amounted to € 5.5 million after € 8.0 mil
Slide 7: H1 2025: EBIT
H1 2025: EBIT EBIT (in €m) Q1 2024 Q1 2025 Q2 2024 Q2 2025 H1 2024 H1 2025 4.4 0.5 2.8 +0.5 €m -3.9 €m -3.4 €m -1.1 -0.6 -1.6 EBIT margin EBIT margin EBIT margin -1.0% (Q1 2024: -1.6%) 0.4% (Q2 2024: 3.8%) -0.3% (H1 2024: 1.3%) EBIT for H1 2025 € 3.4 million lower than in the prior year period Unsch
Slide 8: H1 2025: P&L
H1 2025: P&L Growth in H1 2025 actively managed Unit H1 2024 H1 2025 against the market trend Revenues €m 211.9 236.5 +11.6% Reduction in headcount related to the closing of the Sehnde warehouse Gross profit €m 66.4 69.8 +5.2% in H2 2024 + automation + AI Personnel expenses €m 7.0 5.6 -19.6% Fixed c
Slide 9: H1 2025: Balance Sheet: Assets (Excerpt)
H1 2025: BALANCE SHEET: ASSETS (EXCERPT) Unit 30.06.2024 31.12.2024 30.06.2025 New long-term rental agreements Non-current assets €m 111.3 124.2 122.0 and prolongations led to € 8.4 million higher rights of use vs. 30.06.2024 Fixed assets €m 98.3 112.7 108.4 Other assets €m 13.0 11.5 13.6 Inventory
Slide 10: H1 2025: Balance Sheet: Equity & Liabilities (Excerpt)
H1 2025: BALANCE SHEET: EQUITY & LIABILITIES (EXCERPT) Unit 30.06.2024 31.12.2024 30.06.2025 Equity €m 48.0 52.0 50.0 Long-term lease obligations (IFRS 16) due to long-term rental agreements Liabilities €m 185.4 184.7 193.5 Long-term liabilities €m 48.2 59.1 54.9 € 83.5 million accounts payables, €
Slide 11: H1 2025: Free Cashflow
H1 2025: FREE CASHFLOW Free Cashflow H1 2024 (€m) Free Cashflow H1 2025 (€m) Cashflow from Cashflow from Cashflow from Cashflow from operating activities investing activities Free Cashflow operating activities investing activities Free Cashflow -1.3 -5.9 -3.2 -24.7 -4.6 -21.5 Operating cashflow impr
Slide 12: Outlook FY 2025: Revenues and EBITDA Guidance
OUTLOOK FY 2025: REVENUES AND EBITDA GUIDANCE € 470 – 490 million Positive Free Cashflows are expected in the medium term € 19 – 21 million Revenues 2025e EBITDA (operative) 2025e ➔ Management of revenues in the second half of the year according to FY profitability target ➔ Compensation for currency
Slide 13: Q&A
Q&A A firm grip on the road to success