Delticom AG: Revenue and earnings forecast for 2007
Delticom AG Investor Relations
Tel.: +49(0)511-936 34-8903
Hanover, December 14, 2007 – Delticom AG (German Securities Code (WKN) 514680, ISIN DE0005146807, stock exchange symbol DEX) has published its forecast for the current fiscal year 2007 as a reaction to industry figures published yesterday by the Bundesverband Reifenhandel und Vulkaniseur-Handwerk e.V. (BRV – German Tyre and Vulcanization Industry Association), as well as irritations in the financial markets with regards to the course of Delticom’s business during the current fourth quarter.
At present, Delticom’s Managing Board forecasts revenues of EUR 210 – 215 million, an increase of more than 21% over the previous year (EUR 173 million). Management forecasts similar growth rates for EBIT, totaling EUR 12.0 – 12.5 million after EUR 10.2 million in fiscal year 2006.
Although the current winter tyre market as a whole has substantially lower sales in Germany compared to 2006, Delticom’s revenues in the fourth quarter will remain at around the previous year’s level, against the market trend. As a result, Delticom as Europe ‘s leading Internet tyre retailer is thus only marginally affected by the course of the German winter tyre business. Delticom sales in the other major European winter tyre markets are considerably higher than last year.
In the Internet under: www.delti.com
Online tire shop in Germany: www.reifendirekt.de