Delticom AG: 3-month report 2007
- Revenues up 52.3 % to € 38.9 million
- 69.4 % revenue growth in eCommerce segment
- EBIT increased to € 0.25 million (Q1 2006: € -0.03 million)
- EBIT margin up to 0.7 % (previous year: -0.1 %)
- 125 thousand new customers in eCommerce, more than 62 thousand repeat
customers
Hanover, May 23, 2007 – Delticom AG (German Securities Code (WKN) 514680, ISIN
DE0005146807, stock market symbol DEX), Europe’s leading Internet tire retailer,
today published its full consolidated interim report for the first quarter of 2007. The
first three months of the year are traditionally the weakest for tire retailers. Delticom
lifted its revenues in Q1 2007 compared to the first quarter of 2006 by around 52.3 % to
€ 38.9 million (Q1 2006: € 25.6 million). Earnings before interest and taxes (EBIT)
increased from € -0.03 million in Q1 2006 to € 0.25 million. At the same time, net
income for the period increased to € 0.37 million (compared to Q1 2006 of € -0.04
million).
Revenues in the key eCommerce segment increased in Q1 2007 compared to Q1 2006 by
69.4 % from € 20.9 million to € 35.5 million. eCommerce has accounted for an increasing
proportion of Delticom’s total revenues over the past few years. After the first three months of
the current fiscal year, eCommerce already accounted for 91.1 % of revenues compared to
81.9 % last year.
This division’s positive growth is mainly due to the significant growth in the customer base.
The number of registered customers, i.e., customers who have in the past (including the
current fiscal year) already bought tires from Delticom at least once, increased in the
eCommerce division from approx. 833 thousand on March 31, 2006 to approx. 1.4 million on
March 31, 2007. In the first quarter of 2007 Delticom acquired more than 125 thousand new
eCommerce customers. It is equally pleasing that more than 62 thousand customers bought
tires at Delticom in the period under review who already registered as customers in prior
periods (repeat customers).
Revenues in Germany continue to enjoy strong growth, but have been excelled by the
growth abroad. As a direct result of Delticom AG’s internationalization, the ratio of foreign
revenues continues to rise: Delticom posted revenue increases and improving market
penetration in all 30 countries via its total of 78 online shops. In total, the eCommerce
division registered sales in Germany of € 14.2 million (+45.5 % compared to the previous
year), € 20.4 million in other countries of the European Union (+69.9 % compared to the
previous year) and € 4.4 million in other countries (+14.8 % compared to the previous year).
“We can be very happy with the first quarter,” commented Rainer Binder, one of Delticom
AG’s CEOs. “However, the weather in March this year was incredibly mild. That leads us to
believe that some car drivers moved buying their summer tires forward from the second and
third quarter to the first quarter. That means that it is not unlikely that the year-on-year
increase in revenues and earnings in the second quarter will be lower than in the first
quarter.”
The full report for the first quarter of 2007 can be downloaded at www.delti.com (“Investor Relations" section).
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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