Press release BoxID: 143120 (Delticom AG)
  • Delticom AG
  • Brühlstraße 11
  • 30169 Hannover
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  • Frank Schuhardt
  • +49 (511) 93634-844

Delticom AG: Revenue and earnings forecast for 2007

(PresseBox) (Hannover, ) Delticom AG (German Securities Code (WKN) 514680, ISIN DE0005146807, stock exchange symbol DEX) has published its forecast for the current fiscal year 2007 as a reaction to industry figures published yesterday by the Bundesverband Reifenhandel und Vulkaniseur-Handwerk e.V. (BRV – German Tyre and Vulcanization Industry Association), as well as irritations in the financial markets with regards to the course of Delticom's business during the current fourth quarter.

At present, Delticom's Managing Board forecasts revenues of EUR 210 – 215 million, an increase of more than 21% over the previous year (EUR 173 million). Management forecasts similar growth rates for EBIT, totaling EUR 12.0 – 12.5 million after EUR 10.2 million in fiscal year 2006.

Although the current winter tyre market as a whole has substantially lower sales in Germany compared to 2006, Delticom's revenues in the fourth quarter will remain at around the previous year's level, against the market trend. As a result, Delticom as Europe 's leading Internet tyre retailer is thus only marginally affected by the course of the German winter tyre business. Delticom sales in the other major European winter tyre markets are considerably higher than last year.

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Delticom AG

Delticom was formed in Hanover in 1999 and has grown to become Europe's leading Internet tyre retailer. The company offers its private and business customers a wide range of products in its 93 online shops in 35 countries, including car tyres, motorcycle tyres, truck tyres, bus tyres, the respective rims, complete wheels (pre-mounted tyres on rims), selected 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 models. 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.