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EANS-News: Delticom Semi-Annual Report 2010: Strong Revenues and Earnings Growth

Hanover (euro adhoc) -

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
6-month report
- H1 10: E-Commerce revenues +30% - Customer
base up, to more than 3.8 million - Outlook for FY 2010 confirmed: 
revenues up by more than 10%, EBIT margin 9%
Hanover, August 10, 2010 - Delticom AG (German Securities Code WKN 
514680, ISIN DE0005146807, stock market symbol DEX), Europe's leading
online tyre retailer, has published its full semi-annual report for 
2010. In the second quarter Delticom grew its revenues by 16.7% 
year-on-year, to EUR 102.9 million (Q2 09: EUR 88.1 million). EBIT 
for Q2 10 came in at EUR 10.9 million (Q2 09: EUR 7.5 million), 
equating to an EBIT margin of 10.6% (Q2 09: 8.6%).
Group revenues in the first six months totalled EUR 177.3 million, 
after EUR 139.2 million in the prior-year-period (+27.4%). Revenues 
in the E-Commerce division rose 29.7% to EUR 169.7 million (H1 09: 
EUR 130.8 million), while Wholesale revenues fell from EUR 8.4 
million to EUR 7.6 million.
Delticom has further improved its profitability. During the first six
months of the current fiscal year EBIT went up by 64.2% to EUR 16.7 
million (H1 09: EUR 10.2 million), an EBIT margin of 9.4% (H1 09: 
7.3%). Consolidated net income was EUR 11.4 million or EUR 0.96 per 
share (basic), an increase of 62.1% against the H1 09 figure of EUR 
0.59 per share.
The Internet as a sales channel for tyres is gaining momentum across 
Europe. Since the beginning of the year Delticom has acquired around 
430 thousand new customers. This translated to a customer base of 
more than 3.8 million at the end of June. At the same time, customer 
loyalty continued to rise: In the first six months of 2010 roughly 
230 thousand repeat customers have returned to the 108 online shops 
to make purchases with Delticom.
Frank Schuhardt, CFO of Delticom AG: "Thanks to the robust E-Commerce
business in H1 we were able to grow both top and bottom line. Having 
said that, many motorists have already bought new tyres in the 
previous snowy winter. Thus H2 could be burdened by negative base 
effects."
The Management confirms its current FY 2010 planning with regard to 
sales and profitability: a step up in revenues of more than 10% and 
an EBIT margin of 9%.
The complete semi-annual report 2010 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 108 online shops in 35 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 25,000 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 Hanover
Phone: +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: SDAX, CDAX, Classic All Share, Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade

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