Delticom continues strong growth in the first quarter
Hannover (euro adhoc) -
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Hanover, 16 May 2007 - Delticom AG (German Securities Code (WKN) 514680, ISIN DE0005146807, stock exchange symbol DEX), Europe´s leading online tyre retailer, announces its preliminary figures for the first quarter of 2007 at its General Meeting in Hanover. According to these figures, revenues have increased by approximately 52% to EUR 38.9 million compared with EUR 25.6 million for the same period in the previous year. EBIT improved to EUR 0.3 million at 31 March 2007 following a negative EBIT of EUR (0.03) million in the first quarter of 2006.
In the tire market, the first three months of the year are traditionally the weakest in terms of sales and earnings, and this was also the case with Delticom. Most winter tires were already bought before the turn of the year and sales of summer tires only begin in earnest in the second quarter. "With the preliminary quarterly figures, we started the current year somewhat better than we had thought", explains Rainer Binder of the Delticom AG Managing Board. "Having increased our revenues by 34% in fiscal year 2006 and generated a strong EBIT margin of 5.9%, the online tire market also offers good growth opportunities for us this year. We intend to make use of these in the course of the year and to continue our strong growth in 2007."
The full report for the first quarter of 2007 will be published by Delticom AG on 23 May 2007 on its website www.delti.com in the section entitled "Investor Relations".
Delticom AG has been a tire wholesaler since 1999, and has sold tires online since 2000. The Delticom group sells its range of products to private and business customers in its eCommerce division via more than 78 online stores in more than 27 European countries and one store each in the USA and Canada. The product range comprises the following product mix or parts thereof depending on the respective market: car tires, motorcycle tires, truck tires, bus tires, the associated rims, complete wheels (rims with tires), select replacement car parts and accessories, engine oil and batteries. The products are supplied, depending on the customer's instructions, either directly to the customer, to a service partner, i.e., a workshop with which the Delticom group cooperates and which, in some cases, allow tires to be delivered directly to their address to be mounted on the customer's vehicle, or to a different delivery address. In addition, the Delticom group's Wholesale division also sells tires to wholesalers and large retailers in Germany and abroad.
On the Internet at: www.delti.com Online tire store in Germany: www.reifendirekt.de
end of announcement euro adhoc 16.05.2007 10:02:31
Further inquiry note:
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Branche: Electronic Commerce
Index: CDAX, Classic All Share, Prime All Share
Börsen: Frankfurter Wertpapierbörse / official dealing/prime standard
Börse Berlin-Bremen / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Bayerische Börse / free trade
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