Delticom AG examines strategic options for its e-commerce activities in North America
Hanover, 25 June 2018 – Delticom AG (German Securities Code (WKN) 514680, ISIN DE0005146807, ticker symbol DEX), Europe’s leading online retailer of tyres and automotive accessories as well as efood specialist and expert in the field of efficient warehouse logistics, is currently examining strategic options for its e-commerce activities in North America.
Online tyre trading to private and business customers in North America is carried out via the web shops tires-easy.com, giga-tires.com and tires-easy.ca under the umbrella of Delticom North America Inc. in which Delticom AG holds a 75 % stake. The online tyre business in North America is growing strongly. In the past fiscal year, our subsidiary in North America succeeded in increasing its revenues by almost 50 % compared to the previous year. Delticom North America Inc. offers its customers a wide range of tyres from the top selling, brand name tyres, to less popular discount brands, and inexpensive tyres to suit any budget. Online-buyers from tires-easy.com benefit from fast delivery, free road hazard insurance on passenger and truck tyres, and a 45 days money back guarantee.
Delticom AG considers alternative development paths for Delticom North America Inc. and is in discussions with a selection of potential investors and market participants with regards to its e-commerce activities in North America. Delticom AG's management will make an unbiased decision regarding its future activities in North America after analysing various strategic options.
Delticom AG is an E-Commerce company operating primarily in Europe and the USA. It specialises in the design and operation of online shops, Internet-based customer acquisition, internet marketing, developing partner networks and complex, highly efficient product picking and distribution logistics.
Delticom AG is the leading online distributor of tyres and automotive accessories. Our product range also includes the online second-hand vehicle trade and efood. Delticom has extensive experience in creating shops for the international market and in trans-national E-Commerce. In addition to design, Delticom also provides product descriptions and a comprehensive customer service programme in your national language. Establishing efficient warehousing and logistics processes is utilised not only in selling tyres, used vehicles and online grocery shopping, but is also offered to third parties as an additional service.
Since its establishment in Hanover, Germany in 1999, the company has accrued exceptional expertise in designing efficient, fully integrated internal ordering and logistics processes. The company owns its own warehouses, including a fully automated small item warehouse.
In 2017, Delticom AG generated sales in excess of € 667 million. The E-Commerce specialist operates in 72 countries with over 430 online shops and online distribution platforms, serving over 11.4 million customers. The range of tyres offered to retail and commercial customers includes over 100 brands and more than 25,000 models of sedans, motorbikes, trucks, utility vehicles, buses and complete wheel sets. Customers are also able to have the ordered products sent to one of the 43,000 service partners of Delticom AG around the world.
Our range also encompasses over 300,000 automotive parts and accessories, including motor oils, snow chains and batteries. Entry into the business of online used car selling has rounded off the automotive offering. In this sense, Delticom AG has developed from a classic online retailer to an online solutions provider. Delticom AG also now offers a comprehensive range of around 20,000 different food items.
The shares of Delticom AG have been listed in the Prime Standard of the German Stock Exchange since October 2006 (ISIN DE0005146807).
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