EANS-Adhoc: Delticom AG: Unfavourable market conditions - Delticom adjusts full year guidance
-------------------------------------------------------------------------------- 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. -------------------------------------------------------------------------------- 17.10.2012 Hanover, 17 October 2012 - WKN 514680 (German Securities Code), ISIN DE0005146807, stock market symbol DEX. Following a weak first half year, the European tyre replacement market continued to lag expectations in the third quarter. Delticom was not immune to this trend and saw quarterly revenues falling year-on-year by 12.3 % from EUR 99.4 million to EUR 87.2 million. As a result, year-to-date revenues amounted to EUR 280.4 million (9M 11: EUR 297.7 million, -5.8 %) In the third quarter, Delticom kept the gross margin flat year-on-year at 25.7 % (Q3 11: 25.8 %). Due to the higher fixed costs the quarterly EBIT-margin of 4.9 % was markedly lower then last year (Q3 11: 9.5 %). For the full nine months the EBIT amounted to EUR 17.5 million (9M 11: EUR 28.2 million) which corresponds to an EBIT margin of 6.2 % (9M 11: 9.5 %). While last year's winter tyre season benefitted from an early start, this year the winter tyre business has so far been relatively sluggish. Despite good demand for winter tyres in some European countries, Management does not expect the company to exceed annual prior-year revenues anymore. Due to the challenging market environment Delticom scales back its EBIT goal for the current financial year to 7 % - 8 %. According to the financial calendar Delticom will report further preliminary 9M figures tomorrow. 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
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