Delticom AG

EANS-Adhoc: Delticom AG: Unfavourable market conditions - Delticom adjusts full year guidance


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  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.
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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 
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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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