Preliminary revenues for 2008 at upper end of forecast
Delticom AG (German Securities Code (WKN) 514680, ISIN DE0005146807, stock
exchange ticker DEX), Europe's leading Internet tyre retailer, has substantially
increased its revenues, according to preliminary figures. With revenues of EUR 258
million, the company hit the top end of its guidance for 2008, growing by 20% year-onyear
(previous year: EUR 215.5 million).
- Revenues up by 20% to EUR 258 million
- 99 online-shops in 35 countries
- Almost 700,000 new customers
More and more consumers are turning to the Internet to do their shopping - a particularly
attractive option in difficult economic times. Delticom benefits from this trend: In 2008
Delticom acquired approximately 700,000 new customers. The company's customer base
thus increased year-on-year from 1.9 million to 2.6 million. At the same time, customer
loyality grew still further: No fewer than 213,000 returned to the 99 online shops to make
purchases with Delticom in 2008. Furthermore, the number of Delticom's service partners
grew so that customers can now have their newly purchased tyres installed in one of over
24,000 garages affiliated with the Delticom network, thereof 5,900 in Germany alone.
Delticom succeeded in growing its business not only in Germany but especially in nondomestic
markets. In the fourth quarter alone Delticom recorded revenues of about EUR 83
million (Q4 07: EUR 69.5 million). ECommerce revenues for the past fiscal year totalled EUR
237 million (2007: EUR 195.3 million, up 21%). Revenues in the Wholesale division were up
year-on-year from EUR 20 million to EUR 21 million.
Rainer Binder, CEO of Delticom AG, draws a positive conclusion: "2008 was a successful
year for Delticom. As Europe's largest Internet tyre retailer, we were able to increase our
market share. More and more drivers are looking for quality tyres at fair prices - and they find
them with us."
At the beginning of 2008, the Board of Delticom AG guided for revenues in the range of EUR
240 million to EUR 260 million. "We hit the upper end of this range. In addition, we were able
to combine growth with good margins. That is why we will also have reached our earnings
target", commented CFO Frank Schuhardt. The company had forecast an EBIT-Margin of
between 5% and 6%.
Delticom AG will publish its full financial statements for the fiscal year 2008 -
including an outlook on 2009 - on 30 March 2009.
Delticom, Europe's leading Internet tyre retailer, was founded in Hanover in 1999. With 99
online shops in 35 countries, the company offers its private and business customers a broad
mix of products, including car tyres, motorcycle tyres, truck tyres, bus tyres, the respective
rims, complete wheels (pre-mounted tyres on rims), selected replacement car parts and
accessories, motor oil and batteries. Customers at Delticom's online shops receive extensive
information on product features, pricing and alternatives and benefit from a comprehensive
product range which includes more than 100 tyre brands and more than 25,000 models.
Delticom delivers either directly to the customer, or to one of the 24,000 service partners -
affiliated garages which take delivery of tyres and then install these on the customer's
vehicle. Delticom's Wholesale division also sells tyres to wholesalers domestically and
On the Internet at: www.delti.com
Selected online shops: www.reifendirekt.de, www.123pneus.fr, www.mytyres.co.uk,
|Delticom AG Investor Relations
|Tel.: +49(0)511-936 34-8903
|Fax: +49(0)511-8798-9138 |
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