ERJ staff report (DS)
Hanover, Germany - Delticom AG Europe's leading online tyre dealer, said revenues grew strongly in the 12 months to December 2011. However, margins and volumes declined following a very strong Q4 in 2010.
During the year, said Delticom, selling prices increased, the mix was stable and volumes were fairly satisfactory. Delticom generated revenues of â‚¬ 480.0 million, up by 14.4 percent from prior-year's â‚¬ 419.6 million. However, it noted that the cost of sales was up by 16.3 percent, from â‚¬ 300.1 million in 2010 to â‚¬ 349.1 million.
Revenues in the E-Commerce division were up year-on-year by 12.9 percent, from â‚¬ 403.7 million to â‚¬ 455.6 million. The revenues of the Wholesale division lifted by 53.4 percent to â‚¬ 24.4 million, after prior-year revenues of â‚¬ 15.9 million.
The company said a general expectation is that austerity measures and rising unemployment is going to depress consumer sentiment further. Industry experts believe that the European tyre trade will not remain unaffected.
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Press release from Delticom