Germany's Delticom H1 revenue falls on deconsolidation impact
Germany's Delticom H1 revenue falls on deconsolidation impact
Overview
Germany online tyre retailer's H1 revenue fell 9.5% yr/yr to EUR 214 mln
Net loss narrowed to EUR 0.2 mln from EUR 1.7 mln in prior-year period
Company confirmed full-year guidance for revenue and operating EBITDA
Outlook
Delticom confirms 2026 revenue guidance of €480 mln to €520 mln
Company maintains 2026 operating EBITDA target of €19 mln to €24 mln
Company says anti-dumping duties on Chinese tyres may affect trade flows and prices in H2
Result Drivers
DECONSOLIDATION IMPACT - Co said revenue decline partly due to DeltiLog GmbH deconsolidation, which also reduced costs
PROFITABILITY FOCUS - Co said increased focus on profitability led to improved gross margin and earnings
MIXED MARKET CONDITIONS - Co said higher demand for all-season tyres was offset by decline in summer and winter tyre sales and lower retailer stockpiling
Company press release: ID:nEQ9HzfKha
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| EUR 214 mln |
|
H1 Loss Per Share |
| EUR 0.02 |
|
H1 Net Loss |
| EUR 200,000 |
|
H1 Gross Margin |
| 24.90% |
|
H1 EBIT |
| EUR 900,000 |
|
H1 EBITDA |
| EUR 5.60 mln |
|
H1 GMV |
| EUR 258 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the online services peer group is "buy."
Wall Street's median 12-month price target for Delticom AG is €4.35, about 103.3% above its August 12 closing price of €2.14
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 9 three months ago
Reuters Recommended Reads
Aug 13 - Germany's Mister Spex H1 revenue falls,confirms 2026 guidance
Aug 13 - Austria's Semperit posts H1 profit as revenue rises; lifts 2026 EBITDA outlook
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)