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EANS-News: Delticom AG
Delticom AG publishes 2008 annual report

Hannover (euro adhoc) -

- Revenues EUR 259.0 million (+20%)
- EBIT EUR 16.4 million (+34%), EBIT margin 6.4%
- Earnings EUR 11.7 million, EUR 2.97 per share (+41%)
- Proposed dividend: EUR 3.00 per share (+50%)
  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
finances
Hanover, 30 March 2009 - Delticom AG (WKN
514680, ISIN DE0005146807, stock market symbol DEX), Europe's leading
online tyre dealer, has closed the fiscal year 2008 with a record 
result. The company thus continues along the profitable growth path 
of recent years.
Although 2008 marked the second consecutive disappointing year for 
the tyre industry and tyre retailers, Delticom's online business 
model has proven yet again that it is capable of strong growth, this 
time in a less than favourable economic environment. The company 
recorded significantly increased sales in nearly all of its more than
100 online shops in 35 countries. This is reflected in year-on-year 
rise in revenues in each quarter. In the fourth quarter alone, 
revenues of EUR 84.0 million were achieved (2007: EUR 69.5 million). 
In the year as a whole, Delticom increased revenues year-on-year by 
20.2% to EUR 259.0 million (2007: EUR 215.5 million). With these 
results, Delticom hit the upper end of the revenue targets released 
by the company at the beginning of the last year.
Delticom's significant revenue growth was accompanied by further 
improvement in its earnings: EBIT increased in the reporting period 
by 34.0% to EUR 16.4 million (2007: EUR 12.3 million). In relation to
revenues, this corresponds to an EBIT margin of 6.4% which clearly 
exceeds the guidance of 5-6% (2007: 5.7%). Consolidated net income 
for 2008 was EUR 11.7 million or EUR 2.97 per share, up 40.5% from 
previous year's EUR 2.12.
Operating cash flow also increased significantly, from EUR 6.6 
million to EUR 16.7 million. At the end of the 2008 fiscal year, net 
cash totalled EUR 42.9 million, corresponding to a year-on-year 
growth of 24.3% (31 December 2007: EUR 34.5 million). Frank 
Schuhardt, CFO of Delticom AG: "We are debt free and have a strong 
balance sheet. As a result of this, we are in a position to allow our
shareholders to partake of our firm's success, as has been the case 
in past years." Subject to the approval of the Annual General Meeting
on 19 May 2009, Delticom AG will pay out a dividend of EUR 3.00, 50% 
more than in the previous year.
Economists continue to be uncertain about the sort of headwind 
companies will be facing in the next months. On the other hand, 
thanks to its solid earnings and financial situation, Delticom is 
well positioned to maintain its success even in the face of the 
current fragile economic conditions. The first three months of 2009 
have started on a positive note, despite unfavourable weather 
conditions for tyre dealers across the main European markets. 
Delticom's management is therefore cautiously optimistic at this 
early point of the year and is aiming for a year-over-year increase 
in revenues of 10% for 2009. In the current recessionary environment,
some additional sales might be achievable at slightly reduced 
margins. As a result, the management does not see EBIT margins of 
over 6% as the rule, but considers them a pleasant surprise.
"Particularly in difficult economic times, consumers turn to 
companies who offer a good selection at reasonable prices. Delticom 
does both - and not only in Germany, but all over Europe", says 
Rainer Binder, CEO of Delticom AG, and adds: "We will continue to 
expand our position as the leading online tyre retailer."
Company Profile: Delticom, Europe's leading online tyre retailer, was
founded in Hanover in 1999. With 100 online shops in 35 countries, 
the company offers its private and business customers an unequalled 
assortment of excellently priced car tyres, motorcycle tyres, truck 
tyres, bus tyres, rims, complete wheels (pre-mounted tyres on rims), 
selected replacement car parts and accessories, motor oil and 
batteries. Delticom carries more than 100 tyre brands and more than 
25,000 tyre models. Customers receive extensive information on 
product features, pricing and alternatives. Delticom delivers either 
directly to the customer's home address, or to one of the more than 
24,000 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
end of announcement                               euro adhoc

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

Branche: Electronic Commerce
ISIN: DE0005146807
WKN: 514680
Index: CDAX, Classic All Share, Prime All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / free trade

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