Delticom raises revenues and earnings target for FY 2010
Hanover, 26 November 2010 - Delticom AG (German Securities Code 514680, ISIN
DE0005146807, stock market symbol DEX), Europe's leading Internet tyre retailer, today has
raised its 2010 revenues and earnings target once again.
The Upper House of the German Parliament has today adopted an amendment to the German
Road Traffic Regulations. Under specified circumstances winter tyres will be mandatory in
Germany: In case of "ice, packed snow, slush, black ice or frost" vehicles will only be permitted
on the roads if they are equipped with winter or all-weather tyres bearing the specific identifying
marks. Even though more than 80% of car owners in Germany already regularly change the
tyres on their vehicles as the cold weather approaches, an additional surge in demand can be
expected in the coming weeks. The new regulation will come into force presumably mid of
December.
Winter weather conditions not only in Germany but also elsewhere in Europe have boosted
sales volume over the past few days. In addition, Delticom has been able to benefit from short
dated supplementary delivery promises which helped the availability of winter tyres in the
companies' online shops. Against the background of market-wide scarcity of winter tyres
Delticom now anticipates 2010 revenue growth of more than 20% year-on-year (previously: at
least 15%) at an EBIT margin of around 10% (previously: 9%).
Company profile:
Delticom, Europe's leading online tyre retailer, was founded in Hanover in 1999. With 113 online
shops in 35 countries, the company offers its private and business customers an unequalled
assortment of excellently priced car tyres, motorcycle tyres, bicycle tyres, truck tyres, bus tyres,
special tyres, rims, complete wheels (pre-mounted tyres on rims), selected replacement car
parts and accessories, motor oil and batteries. The independent website reifentest.com contains
impartial information about tyre tests and helps the customers choose from more than 100 tyre
brands and more than 25,000 tyre models. Delticom delivers either directly to the customer's
home address, or to one of more than 25,000 service partners - affiliated garages which take
delivery of tyres and then install these on the customer's vehicle. Delticom's Wholesale division
also sells tyres to wholesalers domestically and abroad.
On the Internet at: www.delti.com
Selected online shops: www.reifendirekt.de, www.123pneus.fr, www.mytyres.co.uk,
www.reifendirekt.ch
Contact: |
Delticom AG Investor Relations |
Melanie Gereke |
Brühlstraße 11 30169 Hannover |
Tel.: +49(0)511-936 34-8903 |
Fax: +49(0)511-8798-9138 |
e-mail: melanie.gereke@delti.com |
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