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- Group revenues up 9.4% to € 42.6 million
- eCommerce revenues up 8.6% to € 38.5 million
- EBIT improves to € 0.5 million (Q1 2007: € 0.3 million)
- 123,000 new and 61,000 repeat customers
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ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
the content of this announcement.
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finances
Hannover (euro adhoc) - Hanover, May 14, 2008 - Delticom AG (German
Securities Code (WKN) 514680, ISIN DE0005146807, stock exchange
symbol DEX), Europe´s leading tyre retailer, today published its full
report for the first three months of 2008. During this period, the
company increased its revenues by around 9.4% year-on-year to EUR
42.6 million (Q1 07: EUR 38.9 million). EBIT improved from EUR 0.25
million in Q1 07 to EUR 0.51 million. At the same time, consolidated
net income rose to EUR 0.48 million (previous year: EUR 0.37
million).
In tyre retailing, the first quarter is traditionally the weakest in
sales. This held true in the first quarter of 2008 with unseasonably
cool March weather causing many drivers in Germany and other European
countries to put off the purchase of summer tyres until April.
Despite this, however, Delticom enjoyed positive overall growth
compared to last year´s very successful first quarter. Revenues in
the eCommerce division were up from EUR 35.5 million to EUR 38.5
million or 8.6%. In the Wholesale division growth was up 17.8% with
revenues of EUR 4.1 million (Q1 2007: EUR 3.5 million).
The key factor driving this growth was the continued positive
development of Delticom's customer base. In 2008 123,000 new
customers chose to make a purchase through one of Delticom's online
shops while during the same period 61,000 repeat customers once again
shopped with the firm. These figures underline the attractiveness of
Delticom's shops and the products offered. Experts are forecasting
that in the future more and more tyres will be bought online. The
most recent ADAC report "Reifenmonitor 2008" only underscores the
positive prognosis: According to this study, 6.1% of 18 to 39
year-olds surveyed stated that they had made their last tyre
purchased online (2007: 4.8%). 28.1% (2007: 26.4%) of this younger
and Internet-savvy target group intend to make future tyre purchases
online.
On the German home market, Delticom saw relatively moderate first
quarter growth of 5.4% to EUR 14.9 million. This is contrasted by
stronger revenues increases achieved in a number of foreign markets:
With revenues up 13.1% to EUR 23.0 million the other EU-countries had
the highest rates of growth, with the remaining foreign markets
showing growth of 5.5% to EUR 4.7 million.
"We are pleased with the results achieved during the first quarter of
this fiscal year," commented Frank Schuhardt, Delticom AG´s CFO. "Of
course we would have liked the winter to be cold and snowy with March
being warmer. Drivers needed fewer winter tyres - and then they saw
no reason to change to summer tyres. However, the summer season got
off to a good start in April, and the current sales figures are
encouraging. At the same time, the first quarter results indicate
that our internationalization strategy is indeed a good way to
achieve both consistent, sustainable growth and insulate ourselves
against the seasonal fluctuations in individual markets."
The full report for the first quarter of 2008 can be downloaded from
the Web site www.delti.com in the "Investor Relations" section.
Company profile:
Founded in Hanover, Germany in 1999, Delticom AG has grown to become
Europe's leading online tyre retailer. Through its network of 92
online shops in 32 countries, the company offers private and business
customers a broad range of products including car tyres, motorcycle
tyres, truck tyres, bus tyres, wheel rims, pre-assembled tyres on
rims, selected spare parts and accessories, motor oils and batteries.
At its online shops, Delticom customers can choose from over 100 tyre
brands and more than 25,000 tyre models. In addition, each shop
provides customers with extensive information and reviews on the
products for sale. Depending on the customer's preference, purchases
are delivered either directly to the customer or to a Delticom
service partner, garages which cooperate with the company to accept
tyre deliveries for installation directly on to the customer's
vehicle. In addition to this retail business, Delticom sells tyres to
wholesalers in Germany and abroad.
On the Internet at: www.delti.com
Online tyre store in the UK: www.mytyres.co.uk
end of announcement euro adhoc
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ots Originaltext: Delticom AG
Im Internet recherchierbar: http://www.presseportal.de
Further inquiry note:
Contact:
Company
Delticom AG Investor Relations
Melanie Gereke
Brühlstraße 11
30169 Hanover
Tel.: +49 (0)511-936 34-8903
Fax: +49 (0)89-208081147
e-mail: melanie.gereke@delti.com
IR Agency
cometis AG
Henryk Deter
Unter den Eichen 7
65195 Wiesbaden
Tel.: +49 (0)611-205855-13
Fax: +49 (0)611-205855-66
e-mail: deter@cometis.de
Branche: Electronic Commerce
ISIN: DE0005146807
WKN: 514680
Index: CDAX, Classic All Share, Prime All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / free trade
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