Delticom AG

EANS-News: Delticom AG publishes 9-Monthly Report 2012

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quarterly report


Hanover (euro adhoc) - 08 November 2012 - Delticom (German Securities Code (WKN)
514680, ISIN DE0005146807, stock market symbol DEX), Europe's leading online
tyre dealer, has published its 9-monthly report 2012 today. In a troubled market
environment the company recognised revenues of EUR 280.4 million in 9M 12, a
minus of 5.8 % year-on-year.

Earnings before interest and taxes (EBIT) decreased in the reporting period by
37.9 % to EUR 17.5 million (9M 11: EUR 28.2 million), primarily due to higher
fix costs. This translates into an EBIT margin (EBIT in percent of revenues) of
6.2 % (9M 11: 9.5 %). Third quarter EBIT saw a decline of 55.0 %, from
prior-year's EUR 9.5 million to EUR 4.3 million. The quarterly EBIT margin was
4.9 % (Q3 11: 9.5 %).

Consolidated net income totalled EUR 11.7 million after EUR 19.0 million in 9M
11. This corresponds to earnings per share (EPS) of EUR 0.99 (undiluted, 9M 11:
EUR 1.60), a decline of 38.4 %.

Since the beginning of the year, working capital came down by EUR 21.5 million
or 48.4 % to EUR 22.9 million (31.12.2011: EUR 44.4 million). In the
corresponding prior-year period the increase in working capital value had
amounted to EUR 40.7 million. In light of the positive development in net
working capital the cash flow from ordinary business activities (operating cash
flow) for the period under review was significantly better than last year, at
EUR 29.7 million (9M 11: EUR -26.0 million).

Business in the first nine months fell short of expectations. 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 in 2012. Due to the challenging market
environment Delticom has scaled back its EBIT goal for the current financial
year to 7 % - 8 %.

The complete report for the first nine months of 2012 can be downloaded from the
website www.delti.com within the "Investor Relations" area.


Company Profile:
Delticom, Europe's leading online tyre retailer, was founded in Hanover in 1999.
With more than 100 online shops in 42 countries, the company offers its private
and business customers an unequalled assortment of excellently priced car tyres,
motorcycle tyres, bicycle tyres, truck tyres, bus tyres, special tyres, rims,
complete wheels (pre-mounted tyres on rims), selected replacement car parts and
accessories, motor oil and batteries. The independent website reifentest.com
contains impartial information about tyre tests and helps the customers choose
from more than 100 tyre brands and more than 25,000 tyre models. Delticom
delivers either directly to the customer's home address, or to one of more than
33,000 service partners - affiliated garages which take delivery of tyres and
then install these on the customer's vehicle. Delticom's Wholesale division also
sells tyres to wholesalers domestically and abroad.


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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company:     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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