Delticom AG

EANS-News: Delticom AG publishes Semi-Annual Report 2012

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6-month report


Hanover (euro adhoc) - 09 August 2012 - Delticom (German Securities Code (WKN)
514680, ISIN DE0005146807, stock market symbol DEX), Europe's leading online
tyre dealer, has published its semi-annual report 2012 today. In a challenging
environment H1 12 group revenues declined by 2.5 % to EUR 193.3 million (H1 11:
EUR 198.3 million). 

Primarily due to higher personnel costs and rents for the large scale warehouse
opened in Q2 11 EBIT in the reporting period decreased by 29.2 % to EUR 13.2
million (H1 11: EUR 18.7 million). This translates into an EBIT margin (EBIT in
percent of revenues) of 6.9 % (H1 11: 9.4 %).

Consolidated net income totalled EUR 8.8 million after EUR 12.7 million the year
before. This corresponds to earnings per share (EPS) of EUR 0.74 (undiluted, H1
11: EUR 1.08), a decline of 31.1%.

Despite difficult market conditions Delticom was able to cut back summer tyre
stocks significantly. As a result, the company currently holds fewer summer
tyres on stock than in the preceding years. Since the beginning of the year,
working capital grew by just EUR 1.0 million or 2.2 % to EUR 45.4 million
(31.12.2011: EUR 44.4 million). In the corresponding prior-year period the
increase in working capital value had amounted to EUR 42.7 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 -0.5 million (H1 11: EUR -30.2
million).

Business has lagged behind expectations so far this year. The Management has
therefore decided to reduce the growth target for full-year revenues to +5 %.
EBIT margins above 9 % are attainable only in the event of very favourable
winter weather, as the higher fixed costs will continue to burden earnings in
the second half of the year.

The complete report for the first six 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 41 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
30,000 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.

On the Internet at: www.delti.com

Selected online shops: www.reifendirekt.de, www.123pneus.fr, www.mytyres.co.uk,
www.reifendirekt.ch


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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