Delticom makes promising start in Q1 2009

ERJ staff report (RD)

Hannover, Germany - Delticom AG, a German internet-based tyre wholesaler since 1999, has make a good start to 2009, recording Q1 revenue up by 19.8 percent to Euro 51 million, compared to the same period last year, the company said recently.

The company's profitability has risen significantly since 2008 with earnings rising from Euro 500 000 in Q1 2008 to Euro 2.6 million.

“We can certainly be pleased with the first quarter,” said Rainer Binder, Delticom ceo. Binder went on to say that for tyre dealers, the first quarter nevertheless plays a somewhat less important role due to its relatively low seasonal weight. “Even so, we see a trend: More and more tyres are brought online,” Binder said. “In the current economic situation across Europe, a rising number of consumers are discovering favourably priced purchasing opportunities on the Internet,” he added.

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Press release from Delticom AG