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Delticom’s revenues in 2016 surpassed the mark of € 600 million for the first time

Hanover, 23 March 2017 – Delticom (German Securities Code (WKN) 514680, ISIN DE0005146807, stock market symbol DEX), Europe’s leading online retailer of tyres and automotive accessories as well as efood specialist and expert in the field of efficient warehouse logistics generated revenues of € 606.6 million over the course of 2016, an increase of 8.4 % from prior-year's € 559.8 million. With that, Delticom achieved the highest revenues in the history of the company. EBITDA for the reporting period increased from € 14.3 million to € 15.1 million. The 5.5 % rise resulted principally from the cost savings achieved in marketing expenses and rents that served to compensate for the higher level of revenue and volume-induced costs. Earnings per share stood at € 0.36 (diluted and undiluted; 2015: € 0.28), an increase of around 28 %.

H2 16: Summerlike temperatures

Market environment. Continuing warm weather in September prevented an early start to the winter season in 2016. Consequently, according to the WdK, German tyre retailers sold 20 % fewer winter tyres to consumers in September and 15 % fewer in October compared to the corresponding months of the previous year. Despite the catch up affect in November, the WdK is estimating the retail sale of winter tyres to consumers for the full year to be 2.7 % lower than the comparable period in 2015.

Revenues. The company managed sales in its online shops during the second half of the year in accordance with its shipments and results planning for the 2016 financial year. Revenues came in at € 331.5 million in the second half of the year, up 7.1 % year on year (H2 15: € 309.6 million).

EBITDA. In the second half of the year, the company raised EBITDA by 15.6 % from € 7.7 million to € 8.9 million, which corresponds to an EBITDA margin of 2.7 % in H2 16 (H2 15: 2.5 %).

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Yourtyres.co.uk draws a positive conclusion from 2016, and will continue to expand its B2B services in 2017
  • Yourtyres.co.uk looks back on a successful 2016, with numerous new shop features, promotions, an expanded range of products, and the continued intensification of its B2B service approach.
  • In 2017, Yourtyres.co.uk will continue its focus on becoming a wholesale-oriented partner, especially for independent workshops and tyre dealers, and will further expand its B2B services and range of products.

Delticom AG/Yourtyres.co.uk, Hanover – 05.01.2017. Yourtyres.co.uk draws a positive conclusion from its campaigns, measures, and activities in 2016. Andreas Faulstich, Head of B2B for Delticom AG, summarises: “Last year, we took many important steps along the path towards realising our expanded, partnership-based B2B service approach. Through the Delticom B2B services introduced in the spring, we especially want to enable independent workshops and dealers to benefit from the growing proportion of online trade, and to expand their businesses.” Yourtyres.co.uk presented its B2B services at the REIFEN trade fair in Essen at the end of May. Since its launch, the online platform for Delticom’s fitting partners, Deltipartners.com, has been providing its partners with centralised access to the service modules, management functions, and evaluation statistics.

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Delticom publishes Q3 business development
  • Revenues growth 9M 16: +11 %, Q3 16: +13 %
  • Record temperatures in September delay season start
  • Good winter business start in Q4
  • Full-year guidance unchanged: Revenues € 620-630 million, EBITDA € 16 million

Hanover, November 14, 2016 - Delticom (WKN 514680, ISIN DE0005146807, ticker symbol DEX), Europe's leading online retailer of tyres and accessories as well as an efood specialist, publishes the key points of its business trends in the third quarter 2016 with this interim announcement.

Market environment

September 2016 was a decidedly warm, dry and very sunny start to the autumn (meteorological autumn: September to November). Together with 2006, it was the warmest September to date since geographically comprehensive records began in 1881. Summer returned to the whole of Germany between September 9th and 15th. Warm days with temperatures even above 30 Celsius (°C) were often observed. After a cooler phase, temperatures during the last third of the month climbed again to summer-like temperatures of 25 °C and above in some areas. (Source: German Weather Service / Deutscher Wetterdienst, DWD)

Given these conditions, the replacement tyres business in the third quarter in Germany failed to benefit from an early start to the winter season. Many motorists did not become directly aware of the need for new winter tyres until October when sustained cold temperatures set in and road conditions became more difficult. In September 2015, by contrast, ground temperatures had already fallen to persistently below the 7°C level from mid-month in many locations, prompting various motorists to refit winter tyres to their vehicles.

Market experts estimate that 20 % fewer winter tyres were in demand in German tyre retailing in September than in the previous year's month, so that cumulative winter tyre sales were down 5 % during the first nine months of the year. For the summer tyres business, initial preliminary estimates following a weak first half-year with an almost 10 % reduction in shipments also indicate year-on-year lower unit sales to domestic consumers in the third quarter. The decrease in the summer tyre business was mitigated by higher demand for all season tyres. For passenger car summer tyres, including all season tyres, experts estimate shipments in Germany between January and September 5 % lower than in the equivalent 2015 period. It is assumed that the car replacement tyres business in German tyre retailing was down almost 5 % year-on-year in volume terms during the first nine months.

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Delticom AG
Brühlstr. 11
30169 Hannover
Germany
+49-(0)1805-Delticom (+49-(0)1805-335842)
Fax. +49 (0)511 87989071
URL: http://www.delti.com
E-Mail: info@delti.com