Delticom AG: Preliminary revenues and earnings for the first six months of 2010
Delticom AG Investor Relations
Tel.: +49(0)511-936 34-8903
Hanover, 20 July 2010 – Delticom AG (German Securities Code (WKN) 514680, ISIN DE0005146807, ticker symbol DEX), Europe’s leading Internet tyre retailer, recorded revenues totalling EUR 177 million in the first six months of fiscal year 2010 – according to preliminary figures. This corresponds to an increase of 27% compared with the prior-year period (EUR 139.2 million). EBIT improved in the reporting period by 62% to EUR 16.5 million (H1’09: EUR 10.2 million), an EBIT margin of 9.3% (H1’09: 7.3%).
Delticom recorded in the second quarter revenues of about EUR 102 million (Q2’09: EUR 88.1 million, up 16%), following revenues of EUR 74.5 million in the first quarter (Q1’09: EUR 51.0 million, up 45.9%). Due to persistent snowy weather conditions at the beginning of the year and the early start into the summer tyre season in March sales in Q1 were higher than anticipated. Despite the somewhat cooler weather during the second quarter revenues were still in line with expectations.
Delticom AG will publish its full financial statements for the first six months on 10 August 2010. The report 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 107 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, www.reifendirekt.ch