Delticom AG: AGM approves dividend
Presence at the Annual General Meeting of Europe's leading online tyre retailer amounted to 76.6 % of its issued share capital. Shareholders approved all items on the agenda with large majorities. Delticom AG Supervisory Board members Rainer Binder, Michael Thöne-Flöge and Alan Revie were confirmed in their posts for a further five years. Shareholders will receive a divi-dend payout of EUR 0.50 per share for the 2015 financial year.
The first quarter 2016
"As last year (2015) springlike temperatures in some parts of Germany already bestowed us with our first summer tyre sales intake as early as mid-March, the Delticom Group's Q1 2015 sales revenue reported 18.1 % year-on-year growth. March this year was cold, by contrast, with snow still falling at higher altitudes, delaying the start of the 2016 summer tyre season until the end of March. Many orders submitted in the week following Easter were only delivered to our custom-ers beginning of April. These sales revenues will be recognized during the second quarter of 2016 accordingly. This effect has meant that both revenues and EBITDA (earnings before inter-est, tax, depreciation and amortization) in the first quarter of 2016 in the core business of Delti-com AG are down compared with the previous year. April sales have been good, so we are cer-tain that the first three months' downtrend represented just a shift from March into April. Given this, we are confirming our full-year guidance for the core business of Delticom, and we continue to target revenues growth to EUR 600 million, and EUR 18 million of EBITDA," said Andreas Prüfer about 2016 business trends in his speech.
Already after the first four months of the year, the Management Board anticipates a positive re-sult and revenues up on the previous year's equivalent period. The company has successfully grown tyre unit sales by almost 10 % during the first four months.
Delticom will publish its key Q1 financials on May 13, 2016. The related corporate announce-ment will be available for downloading from the company's website at www.delti.com, within the "Investor Relations" area.
Delticom is Europe's leading online retailer for tyres and car parts and accessories. Founded in 1999, the Hanover-based company has more than 300 online shops and websites in 45 countries, among others ReifenDirekt in Germany, Austria and Switzerland. The Delticom group also includes the online shops of Tirendo. Delticom offers a wide range of products for its private and business customers: more than 25,000 models from over 100 tyre brands for cars, motorcycles, commercial vehicles and buses, but also complete wheels.
Customers enjoy all the advantages of modern E-Commerce: convenience in order placing, quick, efficient delivery, clear cost information and, last but not least, low prices. The products are delivered in two busi-ness days to any address the customer chooses. Alternatively, Delticom delivers the tyres to one of more than 42,000 service partners (9,500 in Germany alone) for professional fitting directly on to the customer's vehicle at a reasonable price.
More than 300,000 car parts, including motor oil, replacement parts and accessories, complement the product portfolio. In the field of eFood the Delticom group offers a wide range of products as well: At the gourmet online supermarket Gourmondo.de alone, more than 17,000 articles are available. With the focus on gourmet and organic food as well as delicacies the online food shops of Delticom pick up current trends. Furthermore, Delticom take account of the future market organic food through the online store of the organic food supermarket chain Alnatura among others.
On the Internet at: www.delti.com