Delticom: 9-Monthly Report 2010
Hanover, 9 November 2010 - Delticom AG (German Securities Code WKN 514680, ISIN
DE0005146807, stock market symbol DEX), Europe's leading Internet tyre retailer, has
published its full report for the first nine months of 2010. Compared with the prior-year
period, Delticom lifted its revenues by 27.5% to EUR 257.0 million (9M09: EUR 201.6
million). In the third quarter the company recorded revenues of EUR 79.7 million (+27.6%,
Q309: EUR 62.4 million).
- Delticom stays on track: 9M10 revenues +27.5% year-on-year
- EBIT increased by 54.5% to EUR 22.7 million
- FY 2010 outlook: revenues more than +15% year-on-year, EBIT margin 9%
The company's profitability also improved significantly: Q310 EBIT rose to EUR 6.0 million
(Q309: EUR 4.5 million). 9M10 EBIT went up by 54.5% to EUR 22.7 million (9M09: EUR 14.7
million), an EBIT margin of 8.8% (9M09: 7.3%). Consolidated net income was EUR 15.2 million
or EUR 1.29 per share (basic). Earnings per share thus increased 51.9% against the 9M09
figure of EUR 0.85.
Rainer Binder, Delticom AG's CEO: "The first nine months of the year have been very successful
for our company. We were able to expand our business once again on the back of steady
developments in the European tyre industry and great improvements to the online sales
Delticom acquired 625 thousand new customers year-to-date and served around 294 thousand
recurring tyre buyers. On 30.09.2010 the customer base exceeded 4.0 million customers. 9M10
revenues in the E-Commerce division increased by 29.1% year-on-year, from EUR 189.8 million
to EUR 244.9 million. The Wholesale division has stabilized in 2010 after experiencing a decline
in the wake of the recession. In the reporting period, divisional revenues grew by 2.2% to EUR
12.1 million (9M09: EUR 11.8 million).
Frank Schuhardt (CFO) is satisfied with the current winter tyre business: "So far, it has scarcely
snowed and only in few areas in higher altitudes. Still, the debate on whether to make winter
tyres mandatory has bolstered German demand in recent weeks."
Management confirms the current planning for FY 2010. Delticom should be able to grow its
revenues by more than 15% year-on-year at an EBIT margin of 9%, even if demand for winter
tyres receives no further tailwind from snowy weather or new statutory regulations.
The full 9-Monthly Report of current fiscal year 2010 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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