Turnaround process

Hanover, 15 November 2019 - Delticom AG, Hanover, WKN 514680, ISIN DE0005146807, stock exchange symbol DEX, has worked with specialist consultants to develop a comprehensive concept for a sustained return to profitability, increase profitability and focus on the core business "Tyres Europe" in view of the increasingly difficult business environment and to secure its long-term liquidity, and has already taken the first implementation measures. Delticom has also appointed a Chief Performance Manager. The restructuring concept was presented to the financing banks and trade credit insurers on 23 October 2019. Delticom and the consultants commissioned by Delticom are now negotiating with the financing banks a continuation of the financing with a term until the end of 2021.