Delticom AG publishes 3-monthly report 2010
- Revenues totalled EUR 74.5 million - up 45.9% year-on-year
- 51.3% revenue growth in E-Commerce division
- EBIT Q1'10 EUR 5.9 million, EBIT margin 7.9%
Hanover, 10 May 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 three months of 2010. Compared with the prior-year
period, Delticom lifted its revenues by 45.9% to EUR 74.5 million (Q1'09: EUR 51.0
million). EBIT for the first three months of 2010 came in at EUR 5.9 million (Q1'09: EUR 2.6
million). In relation to revenues, this corresponds to an EBIT margin of 7.9%. At the same
time consolidated net income in Q1'10 increased to EUR 4.0 million compared to the
previous year's figure of EUR 1.9 million.
One of the main reasons for the marked sales increase was the unusually snowy weather that
lasted into February. This allowed for further selling opportunities for winter tyres following the
already very strong Q4'09. With the rising temperatures in March, car drivers started to change
over from winter to summer tyres.
The E-Commerce division continued to be the main growth driver of the company. Revenues in
this core segment rose 51.3% to EUR 70.7 million (Q1'09: EUR 46.7 million), while revenues in
the Wholesale division dropped by 12.2% year-on-year, down to EUR 3.7 million (Q1'09: EUR
Consolidated net income in Q1'10 was EUR 4.0 million or 0.34 per share, up 110.6% from
previous year's EUR 0.16. A structural change in the company's profitability cannot be derived
from the first quarter only, which in any case plays a somewhat less important role for tyre
dealers. For this reason, management reiterates its EBIT margin guidance of 8% for the full year
2010, assuming a supportive course of business.
Following a very strong first quarter, and a satisfactory course of the summer tyre business so
far, the management board is now confident to raise 2010 revenues by at least 10% year-onyear.
The complete report for the first quarter of 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 105
online shops in 35 countries, the company offers its private and business customers an
unequalled assortment of excellently priced car tyres, motorcycle 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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