euro adhoc: Delticom AG
Earnings Forecast
Delticom AG: Revenue and earnings
forecast for 2007
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Company Information
14.12.2007
Hanover, December 14, 2007 - Delticom AG (German Securities Code (WKN) 514680, ISIN DE0005146807, stock exchange symbol DEX) has published its forecast for the current fiscal year 2007 as a reaction to industry figures published yesterday by the Bundesverband Reifenhandel und Vulkaniseur-Handwerk e.V. (BRV - German Tyre and Vulcanization Industry Association), as well as irritations in the financial markets with regards to the course of Delticom's business during the current fourth quarter.
At present, Delticom's Managing Board forecasts revenues of EUR 210 - 215 million, an increase of more than 21% over the previous year (EUR 173 million). Management forecasts similar growth rates for EBIT, totaling EUR 12.0 - 12.5 million after EUR 10.2 million in fiscal year 2006.
Although the current winter tyre market as a whole has substantially lower sales in Germany compared to 2006, Delticom's revenues in the fourth quarter will remain at around the previous year's level, against the market trend. As a result, Delticom as Europe 's leading Internet tyre retailer is thus only marginally affected by the course of the German winter tyre business. Delticom sales in the other major European winter tyre markets are considerably higher than last year.
Company profile:
Delticom was formed in Hanover in 1999 and has grown to become one of Europe's leading Internet tyre retailers. The company offers its private and business customers a wide range of products in its 81 online shops in 30 countries, including car tyres, motorcycle tyres, truck tyres, bus tyres, the respective rims, complete wheels (pre-mounted tyres on rims), select replacement car parts and accessories, engine oils and batteries. Delticom´s customers receive information on product characteristics and alternatives; they benefit from a comprehensive range of goods with more than 100 tyre brands and more than 25,000 tyre types. The products are supplied, depending on the customer's instructions, either directly to the customer, to a service partner, i.e., a workshop with which the Delticom group cooperates and which allow tyres to be delivered directly to their address to be mounted on the customer's vehicle, or to a different delivery address. In addition, the Delticom group's Wholesale division also sells tyres to wholesalers in Germany and abroad.
On the Internet at: www.delti.com UK Online tyre store: www.mytyres.co.uk
end of announcement euro adhoc --------------------------------------------------------------------------------
Further inquiry note:
Contact:
Company
Delticom AG
Frank Schuhardt
CFO Investor Relations
Brühlstraße 11
30169 Hanover
Tel.: +49 (0)511-936 34-844
Fax: +49 (0)89-208081149
e-mail: frank.schuhardt@delti.com
Melanie Gereke
Investor Relations
Brühlstraße 11
30169 Hanover
Tel.: +49(0)511-936 34-8903
Fax: +49 (0)89-208081147
e-mail: melanie.gereke@delti.com
IR Agency
cometis AG
Henryk Deter
Unter den Eichen 7
65195 Wiesbaden
Tel.: +49 (0)611-205855-13
Fax: +49 (0)611-205855-66
e-mail: deter@cometis.de
Branche: Electronic Commerce
ISIN: DE0005146807
WKN: 514680
Index: CDAX, Classic All Share, Prime All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / free trade
Original content of: Delticom AG, transmitted by news aktuell