Delticom: Earnings up 23.3% on sales of Euro 298m

ERJ staff report (LMH)

Hanover, Germany -- European online tyre dealer Delticom has published its full report for the first nine months of 2011. Revenues for the period ended 30 Sept 2011 increased by 15.8 percent to Euro 297.7 million and earnings (EBIT) by 23.3 percent to Euro 28.2 million.

EBIT margin rose to 9.5 percent from 8.9 percent in 2010. Net income for the period grew from Euro 15.3 million to Euro 19.0 million. Earnings per share were Euro 1.60, a step-up of 23.9 percent.

For 2011, Delticom said in an 8 Nov report that it continues to anticipate an increase in revenues of approximately 10 percent, with an EBIT margin around one percent lower than in 2010.

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Press release from Delticom