Delticom says winter tyre demand is up in non-traditional markets

ERJ staff report (DS)

Hanover, 18 October 2011 - Delticom AG -- Europe's leading online tyre dealer -- said revenues for the nine months to September 2011 increased by 15.8 percent to euro 297.7 million and the EBIT by 23.3 percent to euro 28.2 million, despite the strong prior-year base. It added that the winter tyre season has started off well.

Good summer tyre sales and an early start in the winter tyre season helped third quarter revenues to grow substantially year-on-year. Delticom said this shows that winter tyres are increasingly in demand, not only in the countries where car drivers traditionally change over from summer to winter tyres but also elsewhere in Europe.

In the third quarter, Delticom was able to generate revenues of € 99.4 million (Q310: € 79.7 million) - a plus of 24.7 percent, in spite of the previous year's strong base. As a result, year-to-date revenues amounted to € 297.7 million (9M10: € 257.0 million, +15.8 percent). Q3 revenues in the E-Commerce division were up year-on-year by 18.4 percent to € 89.1 million (9M11: +14.0 percent to € 279.2 million). The quarterly revenues of the Wholesale division grew by to € 10.3 million, after prior-year revenues of € 4.4 million (9M11: € 18.5 million, +53.2 percent).

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Press release from Delticom