Delticom AG Secures EUR 5.5 Million Project Development Agreement

Delticom AG, a leading European online retailer for tyres and wheels, has secured a project development agreement valued at EUR 5.5 million. The project involves implementing a new logistics development in North Rhine-Westphalia, Germany. The company anticipates earning EUR 5.7 million from this project, impacting current financial year earnings by EUR 4.0 to 4.5 million.

This agreement will not alter Delticom's operating EBITDA guidance for the year. The company maintains its forecasted operating EBITDA will remain between EUR 19 million and EUR 21 million. This is supported by anticipated earnings from the new project.