Online tyre retailer sees revenues up 20 percent

ERJ staff report (DS)

Hanover, Germany — European online tyre retailer Delticom AG has reported preliminary revenues up by 20 percent in the 12 months to December 2009. It will issue official numbers on 23 March this year.

The company said revenues reached Euro 310 million, up by 20 percent year-on-year. Meanwhile earnings (EBIT) was up by 70 percent at Euro 28 million, reaching a margin of over 9 percent.

The company expects to see similar performance in 2010, forecasting revenues up by 10 percent and earnings…

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