Hanover, 14 August 2014 – Delticom (German Securities Code (WKN) 514680, ISIN DE0005146807, stock market symbol DEX), Europe's leading online tyre dealer, has published its full report for the first six months of 2014. In the reporting period, the company recognized revenues of € 226.1 million, an increase of 6.5 % (H1 13: € 212.2 million). EBITDA came in at € 6.2 million. This equates to an EBITDA margin of 2.7 % (H1 13: 4.8 %).
Business in the first six months
Warm temperatures in March prompted many motorists to make an early switch to summer tyres. As a result, the summer tyre business cooled off in the second quarter. First assessments from trade associations for the past quarter showed summer tyre sales in Germany down by nearly 7 % year on year.