Delticom : Semi-Annual Report 2023

Semi-Annual Report 2023

Profile

With the brand ReifenDirekt, Delticom AG is the leading company in Europe for the online distribution of tyres and complete wheels.

The product portfolio for private and business customers comprises an unparalleled range of more than 600 brands and over 40,000 tyre models for cars and motorcycles. Complete wheels and rims complete the product range. The company operates 348 online shops and online distribution platforms in 67 countries, serving around 19 million customers. In the online shop Reifendirekt.de, sustainable and resource-saving tyres are labelled accordingly and awarded a sustainability seal.

As part of the service, the ordered products can be sent to one of Delticom's around 30,000 partner garages in Europe for mounting at the customer's request.

Based in Hanover, Germany, the company operates primarily in Europe and has extensive expertise in the development and operation of online shops, internet customer acquisition, internet marketing and the establishment of partner networks.

Since its foundation in 1999, Delticom has built up comprehensive expertise in designing efficient and fully integrated ordering and logistics processes. The company's own warehouses are among its most important assets.

In fiscal year 2022, Delticom AG generated revenues of around € 509 million. At the end of last year, the company employed 178 people.

The shares of Delticom AG have been listed in the Prime Standard of the German Stock Exchange since October 2006 (ISIN DE0005146807).

Key Figures

01.01.2023	01.01.2022	-/+
30.06.2023	30.06.2022	(%, %p)

Gross merchandise volume	€ million	243.7	253.3	-3.8
Revenues	€ million	197.7	219.7	-10.0
Total income	€ million	215.1	238.9	-10.0
Gross margin1	%	22.9	21.2	+1.7
Gross profit2	€ million	62.7	65.9	-4.9
EBITDA	€ million	6.8	8.9	-23.5
EBITDA-Marge	%	3.4	4.0	-0.6
EBIT	€ million	3.2	4.3	-26.4
Net income	€ million	1.5	2.8	-45.7
Earnings per share	%	0.10	0.19	-45.7
Total assets	€ million	235.5	231.2	+1.9
Inventories	€ million	82.0	84.0	-2.4
Investments3	€ million	2.2	1.2	+82.3
Equity	€ million	41.3	39.6	+4.4
Equity ratio	%	17.5	17.1	+0.4
Return on equity	%	3.7	7.2	-3.4
Liquidity position4	€ million	2.5	4.8	-48.2

1. Gross profit ex other operating income in % of revenues
2. Gross profit including other operating income
3. Investments in tangible and intangible assets (without aquisitions)
4. Liquidity position = cash and cash equivalents + liquidity reserve

Highlights H1 2023

Gross merchandise volume amounted to

• 244 million

H1 2022: € 253 million

Revenues

198 million

H1 2022: € 219 million

Improvement of operative EBITDA to

• 7.2 million

H1 2022: € 6.7 million

Net income

amounted to

• 1.5 million

H1 2022: € 2.8 million

Content

2 Interim Management Report of Delticom AG

1. Consolidated Interim Financial Statements of Delticom AG

1. Responsibility Statement
2. Review Report