Delticom Bundle
Who Owns Delticom AG?
Delticom AG, a pioneer in European online automotive retail, began its journey in 1999 in Hanover, Germany. Its initial focus was on transforming the tire and wheel market through efficient online sales and logistics.
With over 100 online shops in more than 70 countries, Delticom AG serves millions, reporting €482 million in revenue for 2024. Understanding its ownership is key to grasping its strategic direction.
Who owns Delticom AG?
Who Founded Delticom?
Delticom AG was established in 1999 by Rainer Binder and Dr. Andreas Prüfer, who were instrumental in shaping its early trajectory as a leading online tire retailer in Europe. Their foundational roles were crucial in developing the company's operational framework and strategic vision from its inception.
| Founder | Associated Entity | Shareholding (as of Dec 31, 2023) | Indirect Voting Rights |
|---|---|---|---|
| Rainer Binder | Binder GmbH | 14.7% | Exceeding 10% |
| Dr. Andreas Prüfer | Prüfer GmbH | 30.1% | Exceeding 10% |
| Other Founders | Collective | 2.9% | N/A |
Founding Visionaries
Rainer Binder and Dr. Andreas Prüfer founded Delticom AG in 1999. They focused on building efficient online shops and robust logistics.
Early Ownership Structure
Ownership was initially concentrated, reflecting the founders' significant control. Binder GmbH and Prüfer GmbH held substantial stakes.
Founder Influence
The founders' indirect interests exceeded 10% of voting rights each. This underscored their direct involvement in early growth strategies.
Strategic Focus
Key early strategies included developing effective internet customer acquisition. They also emphasized building strong logistics processes.
Shareholding Breakdown
As of December 31, 2023, Binder GmbH held 14.7% and Prüfer GmbH held 30.1%. Other founders collectively owned 2.9%.
Founding Era Operations
The early operations were heavily influenced by the founders' direct participation. Their vision guided the development of online sales channels.
The initial ownership structure of Delticom AG was a direct reflection of the founders' commitment and control. Rainer Binder, through Binder GmbH, held a 14.7% stake, while Dr. Andreas Prüfer, via Prüfer GmbH, possessed a larger 30.1% shareholding as of December 31, 2023. Together, these two entities represented a significant portion of the company's ownership. Furthermore, other founders collectively held an additional 2.9% of the shares. Both Binder and Prüfer maintained indirect interests exceeding 10% of Delticom AG's voting rights through their respective GmbHs, highlighting their substantial influence over the company's strategic decisions and early development. This foundational ownership model was critical in steering the company's focus towards building efficient online shops, mastering internet customer acquisition, and establishing robust logistics processes, which are key elements of Delticom's Revenue Streams & Business Model of Delticom.
Key Aspects of Early Delticom Ownership
The early ownership of Delticom AG was characterized by significant founder control and a clear strategic direction.
- Founders Rainer Binder and Dr. Andreas Prüfer established Delticom AG in 1999.
- Binder GmbH held 14.7% and Prüfer GmbH held 30.1% of shares as of December 31, 2023.
- Founders maintained indirect voting rights exceeding 10% each.
- Other founders collectively owned 2.9% of the shareholding.
- Early strategies focused on online shop development, customer acquisition, and logistics.
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How Has Delticom’s Ownership Changed Over Time?
Delticom AG's ownership journey began with its public listing in October 2006, marking a significant shift in its corporate structure and making it the first German e-commerce company to debut on the Prime Standard of Deutsche Börse. This event introduced a substantial free float, altering the landscape of who owns Delticom.
| Shareholder Type | Ownership Stake (%) | Notes |
|---|---|---|
| Free Float | 52.3% | As of December 31, 2023 |
| Binder GmbH (Founders) | 14.7% | |
| Prüfer GmbH (Founders) | 30.1% | |
| Other Founders | 2.9% |
The ownership evolution of Delticom AG showcases a blend of public market participation and continued founder influence. As of December 31, 2023, the free float represented 52.3% of the company's 14,831,361 outstanding shares. However, the founders maintain a considerable stake through Binder GmbH, holding 14.7%, and Prüfer GmbH, with 30.1%, alongside other founders who collectively own 2.9%. This distribution underscores the founders' ongoing significant role in Delticom's governance and strategic direction. A pooling agreement between Prüfer GmbH, Binder GmbH, Mr. Rainer Binder, and Dr. Andreas Prüfer further consolidates their voting power. The company's market capitalization was approximately €31.5 million as of December 31, 2024. Strategic shifts, such as the 2013 sale of 500,000 shares by Prüfer GmbH and Binder GmbH to Rally GmbH, a subsidiary of European Media Holding AG, highlight the dynamic nature of Delticom's shareholder base and its impact on the company's trajectory, aligning with its Mission, Vision & Core Values of Delticom.
Key Delticom AG Ownership Details
Understanding Delticom AG's ownership structure is crucial for assessing its corporate governance and future strategies. The significant holdings by founders' entities indicate a strong vested interest in the company's long-term success.
- Delticom AG went public in October 2006.
- As of December 31, 2023, the free float was 52.3%.
- Founders hold substantial stakes through Binder GmbH (14.7%) and Prüfer GmbH (30.1%).
- A pooling agreement exists among key founders to consolidate voting power.
- Market capitalization was around €31.5 million as of December 31, 2024.
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Who Sits on Delticom’s Board?
The governance of Delticom AG is structured with a Supervisory Board and a Management Board, ensuring oversight and operational management respectively. As of July 9, 2025, key personnel like Karl-Otto Lang and Andrea Hartmann-Piraudeau were re-confirmed on the Supervisory Board, with Lang serving as Chairman and Michael Thöne-Flöge as Deputy Chairman.
| Board Role | Name | Key Responsibilities/Affiliation |
|---|---|---|
| Supervisory Board Chairman | Karl-Otto Lang | Re-confirmed member, Chairman of the Supervisory Board |
| Supervisory Board Deputy Chairman | Michael Thöne-Flöge | Deputy Chairman of the Supervisory Board |
| Supervisory Board Member | Dr. Andrea Hartmann-Piraudeau | Expertise in company management and organizational development |
| Management Board Member | Andreas Prüfer | Day-to-day operations management |
| Management Board Member | Philip von Grolman | Day-to-day operations management |
The company's voting power is generally based on a one-share-one-vote principle. At the Annual General Meeting on July 9, 2025, shareholder participation was significant, with 72.04% of the issued share capital represented. This active participation was evident in decisions such as the approval of a €0.12 dividend per share for the 2024 financial year. The substantial holdings of Binder GmbH and Prüfer GmbH, coupled with their pooling agreement, indicate that the founders continue to hold considerable influence over the company's strategic direction. Understanding these ownership dynamics is crucial for comprehending the Target Market of Delticom.
Delticom AG: Shareholder Influence and Board Structure
Delticom AG's ownership structure is significantly influenced by key shareholders, impacting its corporate governance. The voting power at general meetings reflects substantial shareholder engagement.
- Supervisory Board and Management Board oversee company operations and strategy.
- Founders' significant holdings through Binder GmbH and Prüfer GmbH suggest continued strategic influence.
- Shareholder participation at the July 9, 2025 AGM was 72.04% of issued share capital.
- A dividend of €0.12 per share was approved for the 2024 financial year.
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What Recent Changes Have Shaped Delticom’s Ownership Landscape?
In recent years, Delticom AG has undergone significant developments impacting its ownership structure. A notable event was the company's share buyback program, which concluded on June 30, 2025, resulting in the acquisition of 92,131 treasury shares. This move increased the total treasury shares held to 200,665, representing approximately 1.35% of the company's share capital.
| Fiscal Year | Consolidated Net Income | Operating EBITDA |
|---|---|---|
| 2024 | €4.0 million | €22.7 million |
| 2023 | €8.0 million | N/A |
Financially, Delticom reported a consolidated net income of €4.0 million for fiscal year 2024, a decrease from €8.0 million in 2023. However, operating EBITDA saw an increase to €22.7 million in 2024. For the first half of 2025, revenues experienced a growth of 12%, reaching €237 million, though operating EBITDA saw a decline to €5.5 million, partly attributed to currency losses. The company has maintained its revenue forecast for 2025, projecting it to be between €470 million and €490 million.
Share Buyback Initiative
Delticom AG completed a share buyback program by June 30, 2025. This program acquired 92,131 treasury shares, enhancing shareholder value. The total treasury shares now stand at 200,665, representing 1.35% of the share capital.
Financial Performance Highlights
In 2024, Delticom AG reported a net income of €4.0 million, down from €8.0 million in 2023. Operating EBITDA for 2024 reached €22.7 million. The first half of 2025 saw revenues rise by 12% to €237 million.
Strategic Investments and Outlook
The company is focusing on profitable growth through investments in modern logistics and automation. Artificial intelligence is also a key area for strengthening competitiveness. Management is prioritizing cost management and navigating supply chain challenges.
Key Factors for Profitability
The winter business season and the US dollar exchange rate are identified as critical factors for full-year profitability. These elements will significantly influence Delticom's financial outcomes. Understanding these dynamics is crucial for assessing Delticom ownership and its future trajectory.
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