Delticom sees revenues, profits fall In the first nine months

ERJ staff report (DS)

Hanover, Germany — Delticom, Europe’s leading online tyre dealer, saw revenues and profits fall for the nine months to September 2012. Revenues fell 5.8 percent, to euro 280.4 million year-on-year. Earnings (EBIT) fell by 37.9 percent to euro 17.5 million (9M 11: euro 28.2 million) in the period.

The company said, “Following a weak first half year, the European tyre replacement market continued to lag expectations in the third quarter. After the summer tyre business had already been disappointing, the winter tyre season…

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