2007-11-27

Delticom Pre-tax Profits up 69%

Delticom AG, Europe’s leading Internet tyre retailer, has increased revenues by approximately 34% year-on-year in the first nine months of this year to 146 million euros (2006: 108.9 million euros).

EBIT rose by 69% to 6.9 million euros (previous year: 4.1 million). At the same time, net income for the period was up by 92% to 4.8 million (previous year: 2.5 million euros).
In the key eCommerce segment, revenues increased by 39% year-on-year from 95.3 million euros to 132.2 million in the period under review. However, just as important as registering strong sales and profit growth, Delticom also reports that the number of registered eCommerce customers (customers who have made at least one purchase from Delticom in the past including the current financial year), rose from approximately 1.07 million at the end of the third quarter 2006 to 1.7 million as of Sept. 30.

Delticom gained around 438,000 new eCommerce customers in the current financial year. A total of 126,000 customers made repeat tyre purchases during the reporting period.
In addition to the company’s continued strong growth in the its domestic German market, foreign business is said to be increasingly driving Delticom’s positive business development. The Group has recorded rising sales figures at its total of 81 online shops throughout the 30 countries in which Delticom is represented. Revenues totalled 56.3 million euros in Germany (up 18.1%) and 71.7 million euros in the rest of the European Union (up 52.1%). Sales in other countries grew to 18.0 million euros – up 28%.

---