Europe's leading online
tyre retailer
H1 2023 Results
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Market environment H1 2023
Key financials H1 2023 | ||
AGENDA | ||
Outlook H1 2023 | ||
Content of Webcast |
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H1 2023: MARKET ENVIRONMENT (1/2)
Consumer sentiment remains very tense due to inflation at a continuing high level
According to ETRMA, European tyre industry saw volume decrease of 12.0 % in H1 2023 in the consumer tyre segment (summer: -11 %, all-season: 0 %, winter: -32 %); market participants are more cautious against the backdrop of consumer demand burdened by global economic insecurity and rising costs
According to ETRMA and WdK, in Germany consumer tyre sales for passenger cars fell 2.8 % in H1 2023 vs. H1 2022 (summer: -12.0%, all-season:+11.8 %, winter: -1.6%)
According to bevh, the trend of decreasing revenues in e-commerce continued in Q2 2023; revenues for the German online retailing decreased by 13.7 % in H1 2023
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H1 2023: REVENUES DEVELOPMENT
Revenues (in €m)
-3.8 % |
GMV |
220 |
-8.8 % | -0.2 % |
GMV | GMV |
198 | |
-10.0% / | |
-22.0€m | |
H1 2023 | H1 2022 |
78 | 91 |
-13.8% / | |
-13.0€m | |
Q1 2023 | Q1 2022 |
120 | 129 |
-7.4% / | |
-9.0€m | |
Q2 2023 | Q2 2022 |
Gross merchandise volume (GMV)
Previous shop business supplemented by platform business results in a partial shift of shop revenues to the platform; commission contributions are realized for the shifted share of revenues
While demand from private end customers stabilized in the second quarter, business with commercial customers was somewhat weaker yoy in line with market development
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H1 2023: GROSS MARGIN & GROSS PROFIT MARGIN
Gross margin simple (Revenues less COGS; in % of Revenues)
Gross profit margin (Total income less COGS; in % of Total income)
22.9 | 21.2 |
+1.7 pps. | |
H1 2023 | H1 2022 |
29.1 | 27.6 |
+1.5 pps. | |
H1 2023 | H1 2022 |
Gross profit simple (Revenues less COGS; in €m)
Gross profit
(Total income less COGS; in €m)
45 | 47 |
-2.9% | |
H1 2023 | H1 2022 |
63 | 66 |
-4.9% | |
H1 2023 | H1 2022 |
Increase in gross margin mainly due to the changed sales mix Demand for low-priced quality tyres increased due to inflation
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Delticom AG published this content on 11 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 August 2023 08:57:03 UTC.