EANS-Adhoc: Delticom AG: Q1 profitable but below plan
-------------------------------------------------------------------------------- ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- 3-month report 17.04.2012 Hanover, 17 April 2012 - Delticom (German Securities Code WKN 514680, ISIN DE0005146807, stock market symbol DEX), Europe's leading online tyre dealer, released preliminary figures for the first quarter 2012 today. While revenues came in flat year-on-year (Q1 12: EUR 85.5 million, Q1 11: EUR 85.4 million), EBIT fell to EUR 3.4 million (Q1 11: EUR 5.9 million). Due to unfavourable weather conditions in the first quarter, Delticom´s business developed below plan. At the beginning of the year market-wide demand for winter tyres was depressed by a lack of snowfall. Additionally, temperatures ahead of the Easter holiday were too low for a good start into the summer season. With 25.8% the Q1 gross margin was kept at prior-year levels (Q1 11: 25.9%). EBIT came in EUR 2.5 million lower, though, partly because of the weaker demand but also due to higher expenses for the new warehouse opened in May 2011. In the tyre business seasonal effects are not uncommon. Management expects demand to normalise in the upcoming weeks. As the bulk of the summer tyres are sold in the second quarter, guidance for the full year remains unchanged at 10% growth in revenues and earnings. end of ad-hoc-announcement ================================================================================ Delticom will publish further Q1 preliminary figures on Thursday, April 19th on its website www.delti.com. Further inquiry note: Delticom AG Investor Relations Melanie Gereke Brühlstraße 11 30169 Hannover Tel.: +49 (0)511-936 34-8903 Fax: +49 (0)89-208081147 e-mail: melanie.gereke@delti.com end of announcement euro adhoc -------------------------------------------------------------------------------- issuer: Delticom AG Brühlstraße 11 D-30169 Hannover phone: +49 (0)511 93634 8903 FAX: +49 (0)511 336116 55 mail: info@delti.com WWW: http://www.delti.com sector: Electronic Commerce ISIN: DE0005146807 indexes: SDAX, CDAX, Classic All Share, Prime All Share stockmarkets: free trade: Berlin, München, Düsseldorf, Stuttgart, regulated dealing/prime standard: Frankfurt language: English
Original-Content von: Delticom AG, übermittelt durch news aktuell