Delticom: Strong Q3 revenues growth
Hanover, 19 October 2010 - Delticom AG (German Securities Code (WKN) 514680, ISIN
DE0005146807, ticker symbol DEX), Europe's leading Internet tyre dealer, recorded
revenues totalling EUR 257 million in the first nine months of fiscal year 2010 - according
to preliminary figures. Compared with the prior-year period the company was thus able to
grow its revenues by nearly 28% (9M'09: EUR 201.6 million). Earnings before interest and
taxes (EBIT) increased from EUR 14.7 million in 9M'09 to EUR 22.5 million, an EBIT
margin of 8.8%.
In the third quarter the company generated revenues of around EUR 80 million - well above the
Q3'09 revenues of EUR 62.4 million (+28%). EBIT improved in the reporting period to EUR 5.8
million (Q3'09: EUR 4.5 million). This equates to an EBIT margin of 7.3% (Q3'09: 7.3%).
Many motorists change over from summer to winter tyres only after winterly road conditions start
to set in. To date, however, it has rarely snowed, and only at high altitudes. Should the
forthcoming winter in Europe turn out to be as snowy as in 2009, some tyre brands and models
might become scarce. In Germany, additional shortages are likely in case the use of winter tyres
is regulated by law as of November.
The Management Board is confident that Delticom is able to achieve the target of 9% EBIT
margin for the full year, even if demand for winter tyres receives no further tailwind from snowy
weather or new statutory regulations. In view of the good business trends to date, Delticom
anticipates 2010 revenue growth of at least 15% year-on-year (previously: at least +10%).
Delticom AG will publish its full financial statements for the first nine months of 2010 on 9
November 2010. The report can be downloaded from the website www.delti.com within
the "Investor Relations" area.
Delticom, Europe's leading online tyre retailer, was founded in Hanover in 1999. With 112 online
shops in 35 countries, the company offers its private and business customers an unequalled
assortment of excellently priced car tyres, motorcycle tyres, bicycle tyres, truck tyres, bus tyres,
special tyres, rims, complete wheels (pre-mounted tyres on rims), selected replacement car
parts and accessories, motor oil and batteries. The independent website reifentest.com contains
impartial information about tyre tests and helps the customers choose from more than 100 tyre
brands and more than 25,000 tyre models. Delticom delivers either directly to the customer's
home address, or to one of more than 25,000 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 abroad.
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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