Delticom AG: EUR 0.50 dividend per share for 2015

(PresseBox) ( Hannover, )
For Delticom (German Securities Code (WKN) 514680, ISIN DE0005146807, stock market symbol DEX), Europe's leading online tyre dealer, 2015 was a successful year. In a challenging market environment the company generated revenues of € 559.8 million (2014: € 501.7 million). With an increase in revenues of 11.6 %, the group significantly exceeded its full-year revenues forecast of € 540 million. Earnings before interest, taxes, depreciation and amortisation (EBITDA) stood at € 14.3 million (2014: 15.3 million). With a decrease of 6.6 %, Delticom did not quite reach its target of matching the previous year's EBITDA. This was due to one-off expenses incurred in the financial year 2015. Excluding extraordinary expenses, operating earnings before depreciation amounted to € 15.9 million. Consolidated net income for 2015 came in at € 3.4 million, after € 2.9 million the previous year. Earnings per share were € 0.28 (2014: € 0.24).

At the Annual General Meeting on May 3, 2016, the Management Board and the Supervisory Board will propose a dividend of € 0.50 per share (2014: € 0.25, +100 %). In the fiscal year 2014 – the year after the Tirendo acquisition – Delticom for the first time in company’s history with a dividend of € 0.50 per share did only pay out about half of fiscal year 2013’s earnings per share as dividend. One reason for this dividend cut were possibly necessary investments into Tirendo. Following the successfully completed restructuring process and the achieved cost savings in 2015, part of the reserve formed in 2014 will now be used for the dividend payment in the current fiscal year. With the marked dividend increase the management board and the supervisory board once again would like to enable the shareholders of Delticom AG to significantly participate in the success of the company.

 

 

 
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