Delticom : Preliminary revenues for 2007 at upper end of forecast
Added: (Thu Jan 31 2008)
Pressbox (Press Release) -
Delticom : Preliminary revenues for 2007 at upper end of forecast
• Revenues total € 214 million – up 24% year-on-year
• EBIT between € 12.0 and € 12.5 million – previous year € 10.2 million
• More than 600,000 new eCommerce customers
• Foreign expansion gaining ground: Formation of Delticom North America Inc.
Hanover, 31 January 2008 – Delticom AG (German Securities Code (WKN) 514680, ISIN
DE0005146807, stock exchange ticker DEX), Europe's leading Internet tyre retailer, has
substantially increased its revenues based on preliminary consolidated IFRS figures.
Revenues have surged by around 24% year-on-year to € 214 million (previous year:
€ 173 million), at the upper end of the company's forecast (€ 210 – 215 million). At the
same time, EBIT of between € 12.0 million and € 12.5 million is anticipated for financial
year 2007 (previous year: € 10.2 million).
eCommerce revenues totalled € 194 million, up 25% compared to 2006 (€ 155 million).
Revenues in the Wholesale division were up year-on-year from € 18 million to € 20 million.
Delticom's strong growth in 2007 was again due to the ongoing positive growth in business at
its online shops such as www.reifendirekt.de. Delticom now has a total of 86 online shops in
30 countries. More than 600,000 new customers were acquired in 2007, raising the total
number of customers to more than 1.8 million. There was also constant growth in the number
of partner workshops: right now customers can have their tyres fitted in more than 20,000
workshops worldwide – with more than 5,000 in Germany alone.
In total, business with winter tyres in Germany was not as strong as in previous years: In
mid-December, the BRV (Bundesverband Reifenhandel – German Tyre Retail Association)
announced that a substantially lower number of tyres were sold in Germany in 2007
compared to 2006. This was due to reasons including the mild weather last winter and the
fact that sales in 2006 were inflated by new statutory regulations. As a tyre retailer, Delticom
was not able to fully break away from these developments, however it was able to increase
its revenues last fiscal year in contrast to the trend in Germany.
International sales markets also became more important for Delticom in 2007. A key
milestone in the company's internationalization strategy is the recently completed formation
of Delticom North America Inc. in Portland, Oregon, USA. The Delticom Group is thus further
expanding its presence in the North American online tyre market, creating the foundations for
long-term sustainable growth into the US market. "Forming our own subsidiary in North
America puts us right where our American customers are," commented Philip von Grolman,
the Managing Board member responsible for the company's North American business.
Rainer Binder, a member of Delticom AG's Managing Board and Co-CEO commented on the
preliminary revenues: "Fiscal year 2007 was excellent for Delticom. Although developments
in the German market were not particularly pleasing, we were still able to reach our targets
for 2007 as a high-growth, internationally oriented company. And what's most important: as
the cost leader we were again able to combine growth with high margins."
Delticom will publish its full 2007 financial statements on 26 March 2008 on its Web
site (www.delti.com) in the Investor Relations section.
Company profile:
Delticom was formed in Hanover in 1999 and has grown to become one of Europe's leading
Internet tyre retailers. The company offers its private and business customers a wide range of
products in its 86 online shops in 30 countries, including car tyres, motorcycle tyres, truck tyres,
bus tyres, the respective rims, complete wheels (pre-mounted tyres on rims), select
replacement car parts and accessories, engine oils and batteries. Delticom’s customers receive
information on product characteristics and alternatives; they benefit from a comprehensive
range of goods with more than 100 tyre brands and more than 25,000 tyre types. 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 Delticom cooperates and which allows tyres to be
delivered directly to their address to be mounted on the customer's vehicle, or to a different
delivery address. In addition, Delticom's Wholesale division also 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
Contacts:
Contact Presse France :
Iris Conseil – Christine Arnal
Tél : 01 45 44 04 21 Fax : 01 45 44 18 14
E-mail : c.arnal@iris-conseil.net Site : www.iris-conseil.net
Contact Delticom :
Chef de la communication executive
Susanne Kindor-d’Unienville
tél +49 (0) 511/93 63 48 52
E-mail : kindor@delti.com Site : www.delti.com
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
65195 Wiesbaden
Tel.: +49 (0)611-205855-13
Fax: +49 (0)611-205855-66
e-mail: deter@cometis.de