2010: Record Year for Delticom
Hanover, 18 January 2011 - Delticom AG (German Securities Code (WKN) 514680, ISIN
DE0005146807, stock market symbol DEX), Europe's leading online tyre dealer, has
released preliminary figures for the fiscal year 2010. Delticom lifted its revenues by 34.8%
to EUR 419.4 million (2009: EUR 311.3 million).
- Revenues EUR 419.4 million for 2010, up 34.8% year-on-year
- FY EBIT margin 11.4%
- Q410: revenues +48.1%, EBIT margin 15.3%
More and more consumers are online. Across product groups, Internet retailers are increasingly
benefiting from this trend. Along this line, Delticom has continued to ramp up its business
substantially in 2010. The company was able to attract almost one million new customers via its
more than 100 online shops in 39 countries. At the end of the reporting period, the total number
of customers stood at 4.4 million.
As usual, the winter months contributed strongly to the 2010 performance. Year-on-year,
Delticom grew its Q4 revenues by 48.1% to EUR 162.4 million (Q409: EUR 109.7 million). In the
same period the EBIT margin rose to a record-high of 15.3%, from 13.4% in Q409. Rainer
Binder (CEO): "The closing quarter benefited from new German regulations calling for
mandatory fitting of winter tyres. Sales were also boosted by substantial snowfalls across
Europe. Despite market-wide shortages we were able to deliver." On the back of the generally
favourable pricing environment over the course of the year, FY 2010 EBIT margin came in at
11.4% - significantly above last year's 9.4%.
Due to the extraordinary winter tyre season and resulting negative base effects, revenue growth
in the current year is expected to slow down. Assuming demand, supply and prices to normalise
over the coming months, Delticom also expects lower margins for 2011. Frank Schuhardt (CFO):
"Delticom follows a stable growth path, irrespective of seasonal fluctuations. We are confident
that the company will continue to perform better than the overall market."
Delticom will publish its 2010 financial statements on 23 March 2011 on its Website
www.delti.com in the Investor Relations section.
Delticom, Europe's leading online tyre retailer, was founded in Hanover in 1999. With more than
100 online shops in 39 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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