Delticom continues strong growth in the first quarter
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".
Company profile:
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.
In the Internet under: www.delti.com
Online tire shop in Germany: www.reifendirekt.de
Contact: |
Company
Delticom AG Frank Schuhardt VP Investor Relations Brühlstraße 11 30169 Hannover Tel.: +49 511-936 34-844 Fax: +49 89-208081149 e-mail: frank.schuhardt@delti.com
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IR-Agency
cometis AG Henryk Deter
Unter den Eichen 7 65195 Wiesbaden Germany Tel.: +49 (0)611-205855-13 Fax: +49 (0)611-205855-66 e-mail: deter@cometis.de
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