Delticom raises revenues target for FY 2015
Delticom AG Investor Relations
Tel.: +49(0)511-936 34-8903
Hanover, 03 November 2015 – WKN 514680 (German Securities Code), ISIN DE0005146807, stock market symbol DEX.
On the basis of preliminary figures, Delticom generated revenues of € 354 million in the first nine months of 2015, an increase of more than 12% compared to the previous year.
Cold temperatures and early snowfalls in some parts of Germany prompted numerous motorists in the first weeks of October to make an early switch to winter tyres. Due to this accelerated purchasing effect Delticom raises its revenues guidance for the fiscal year 2015. On the basis of current planning, consolidated group revenues will lie in a range of between € 530 million and € 540 million on a full-year view. The business development in the remaining weeks of the year is accompanied by a certain degree of uncertainty given the current weather conditions. Revenues in November, December 2015 could fall short of the previous year’s level.
For earnings before interest, tax, depreciation and amortization (EBITDA) the management of Delticom leaves the guidance for the current fiscal year unchanged. Delticom is still aiming to at least match EBITDA of the 2014 financial year in absolute terms (€ 15.3 million).
Delticom will make its finalized nine-month report available on November 12, 2015, for downloading from the “Investor Relations” area of the company’s website at www.delti.com.
Delticom is Europe’s leading online tyre retailer. Founded in 1999, the Hanover-based company has more than 200 online shops in 41 countries, among others ReifenDirekt, www.mytyres.co.uk in UK and www.123pneus.fr in France, as well as the Tirendo shops which enjoy a high level of recognition, not least due to its brand ambassador, Sebastian Vettel. Delticom offers a wide range of products for its private and business customers: more than 25,000 models from over 100 tyre brands for cars, motorcycles, commercial vehicles and buses, but also complete wheels, motor oil, replacement parts and accessories. Customers enjoy all the advantages of modern E-Commerce: convenience in order placing, quick, efficient delivery, clear cost information and, last but not least, low prices. The products are delivered in two business days to any address the customer chooses. Alternatively, Delticom delivers the tyres to one of more than 42,000 service partners (9,000 in Germany alone) for professional fitting directly on to the customer’s vehicle at a reasonable price.
On the Internet at: www.delti.com