plus500

Germany

Delticom AG is a German tire retailer that divides its operations in two divisions: eCommerce and Wholesale. It acts primarily as an Internet tire retailer, offering private and business customers a variety of products in more than 100 online shops in 35 countries. Its product portfolio includes 25,000 models from more than 100 tire brands for cars, motorcycles, commercial vehicles and buses, as well as wheels, motor oil, replacement parts and accessories. It operates under the brand name ReifenDirekt in Germany, Switzerland and Austria, as well as through Websites mytyres.co.uk and 123pneus.fr, delivering tires to more than 24,000 service partners. Its Wholesale division sells tires to wholesalers in Germany and abroad. The Company has five wholly owned subsidiaries: two in Germany, Reifendirekt GmbH and Pnebo Gesellschaft fuer Grosshandel und Logistik mbH, as well as Delticom Tyres Ltd in the United Kingdom, NETIX Srl in Romania and Delticom North America Inc in the United States. 

http://www.delticom.de


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 %).


 

Copyright  2017   Ernstrade.com