Delticom lifts 2006 revenues to EUR 172 million
Hanover, February, 12th 2007 - Delticom AG (German Securities Code (WKN) 514680, ISIN DE0005146807, stock exchange symbol DEX), Europe's leading online tyre retailer, recorded revenues totaling EUR 172 million in fiscal year 2006 - according to preliminary figures. This means that the company's revenues are up by around 33% from EUR 129.2 million last fiscal year. Delticom is listed in the Frankfurt Stock Exchange's Prime Standard.
The company recorded revenues totaling EUR 63 million in Q4, which traditionally brings the strongest revenues. This corresponds to an increase of 43% compared to Q4 2005 (€ 44.1 million). Delticom's strong revenue growth was driven by the positive developments in the key area of eCommerce, where the company recorded total revenues of around EUR 154 million during the year, up 41% year-on-year (2005: EUR 109.16 million). 90% of annual revenues were recorded in the eCommerce segment in 2006. This accounted for 84% in 2005.
In terms of regions, the importance of non-German sales markets increased further during the past fiscal year, as expected. Delticom enjoyed strong growth in the rest of the European Union, with revenues up 43% year-on-year. The network of fitting partners could be developed to currently over 1.200 mounting stations.
"Fiscal year 2006 was a success," commented Dr. Andreas Prüfer, member of Delticom's Managing Board, and added: "Our revenues grew according to forecast, and we slightly exceeded our target of EUR 170 million. We still see great potential in Great Britain, in particular with relation to the internet user and internet sales. Once interested
buyers have discovered just how easy and above all cost effective it
is to order tyres on the internet through www.mytyres.co.uk, they
become loyal customers and recommend us to others," he continued.
Delticom AG will publish the full annual financial statements for fiscal year 2006 on
April 4, 2007.