Delticom reports lower revenues in Q3

ERJ staff report (DS)

Hannover, Germany -- Delticom, Europe's leading online tyre dealer, has published preliminary figures for the first nine months of 2012. In a troubled market environment the company is reporting revenues of euro 280.4 million in the nine months to September 2012, a minus of 5.8 percent year-on-year. Earnings before interest and taxes (EBIT) amounted to euro 17.5 million.

The cost of goods sold decreased in the reporting period by 5.4 percent , from euro 218.6 million to euro 206.9 million. The gross margin for Q3 12 was 25.7 percent (Q3 11: 25.8 percent ). For the nine months the gross margin was 26.2 percent , after 26.6 percent in the prior-year period.

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Press release from Delticom