23.02.2016
Delticom AG DE0005146807
DGAP-News: Delticom acquires two online food retailing specialists Gourmondo and ES Food
DGAP-News: Delticom AG / Key word(s): Investment/Strategic Company Decision
Delticom acquires two online food retailing specialists Gourmondo and ES
Food
23.02.2016 / 14:38
The issuer is solely responsible for the content of this announcement.
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Delticom acquires two online food retailing specialists Gourmondo and ES
Food
Hannover, February 23, 2016 - Delticom AG (WKN 514680, ISIN DE0005146807,
ticker symbol DEX), Europe's leading online retailer of tyres and
automotive accessories, is taking an important step to further expand its
future market position in European e-commerce with the acquisition of the
two eFood companies Gourmondo and ES Food. For over 16 years, Delticom has
been marketing both tyres and spare automotive parts to private and
commercial end-customers mainly in Europe through its online shops such as
ReifenDirekt.de, mytyres.co.uk, and 123pneus.fr.
In the 2015 financial year, Delticom AG reported sales revenue growth
across all its business areas. The company generated total sales revenue of
almost EUR 560 million during the year, reflecting 11 % year-on-year
growth, based on preliminary results (2014: EUR 501.7 million). Andreas
Prüfer, co-founder and Management Board member of Delticom AG: "2015 was a
very successful business year for Delticom. We not only achieved
significant year-on-year sales growth, but also implemented various cost
reduction measures, such as the closure of one of our warehouses at the
year-end. Optimized processes and efficiency enhancements along the value
chain have enabled us to additionally bolster our position as a cost
leader. Thanks to our extensive competences in European e-commerce and many
new initiatives and shop concepts, we further expanded our market position
as a leading online trader in our core automotive area last year. We also
identify great growth potential here for the future: an ever-increasing
number of motorists - not only in Europe but also worldwide - are
discovering the advantages of online buying. From this strong position,
Delticom is investing in a highly attractive additional growth business
with its entry into online food retailing. This move is an expression of
our long-term strategic corporate planning. I am convinced that Delticom
can still achieve a great deal - which is why I am currently making a
further additional investment in the company."
Transaction. With today's agreement signed, Delticom AG is acquiring
majority interests in Gourmondo Food GmbH, Munich ("Gourmondo") and in ES
Food GmbH ("ES Food"), Hannover. Gourmondo is the leading online provider
of gourmet and organic foods in Germany. ES Food markets foodstuffs and
other fast-moving consumer goods through various online shops to private
and commercial end-customers in Germany and abroad, and operates a
state-of-the-art and fully automated warehousing system for efficient
logistics and goods picking.
The acquisition price for both companies, a shareholder loan granted to
Gourmondo Food GmbH as well as for software rights required for the
operation of the online eFood shops amounts to EUR 30 million. EUR 18.5
million will be paid from the company's cash position, EUR 1.5 million
through assumption of bank liabilities, and EUR 10 million through issuing
518,081 new ordinary no par value registered shares of Delticom AG. Both
companies have been directly or indirectly majority-owned or fully owned to
date by Prüfer GmbH, which in turn is majority-owned by Andreas Prüfer. As
part of the transaction, he is reinvesting the entire EUR 18.5 million cash
purchase price received from Delticom back into Delticom shares, and is
also buying further Delticom shares for EUR 1.5 million.
"The eFood market is particularly interesting for us: we still see enormous
catch-up potential in Germany, Europe's largest individual market for
foodstuffs. Less than 1 % of food purchases in Germany are currently
realized online. With a more than 40 % share, the product focus of German
eFood shoppers is currently clearly on niche products, such as high-quality
wine and other premium products. Our criteria for an acquisition included a
clear product focus with an identifiable profile, a high degree of overlap
with Delticom's core competences, and strong growth potential - and we
found all of these in Gourmondo and ES Food. In the delicatessen niche, we
are also acquiring with Gourmondo an established name that is already
recognized in European countries outside Germany, and is experiencing
strong growth," adds Thierry Delesalle, Delticom Management Board member
responsible for the marketing area, among other activities.
"Experts are unanimous that eFood in Europe will become increasingly
important over the coming years. In France and the UK, online penetration
in food retailing of >3 % and >4 % respectively is already considerably
greater today than elsewhere, although the growth potential here is also
enormous for the coming years," Delesalle adds. All of the benefits of
online retailing such as availability, selection and transparency will also
win through increasingly in foodstuffs - we are convinced of this. As an
international e-commerce pioneer, we command a high degree of e-visibility
that allows us to play a decisive role in helping to shape this future
market over the coming years. Food is bought the whole year round, and in
online retailing this calls for a scalable logistics infrastructure, high
service standards, and cutting-edge webshop know-how. As a provider in the
online automotive sector of many years' standing, Delticom delivers on
these points."
The Management of Delticom AG will conduct a teleconference for analysts
and investors on Wednesday, February 24, 2016 at 16:00 hours German time.
Dial-up data will be communicated through the mailing list.
Company profile:
Delticom is Europe's leading online retailer for tyres and car parts and
accessories. Founded in 1999, the Hanover-based company has more than 300
online shops and websites in 45 countries, among others ReifenDirekt in
Germany, Austria and Switzerland. The Delticom group also includes the
online shops of Tirendo. The four-time Formula 1 World Champion Sebastian
Vettel was Tirendo's brand ambassador between 2012 and 2015 and
participated in particular in TV spots and viral videos promoting the
brand. Delticom offers a wide range of products for its private and
business customers: more than 25,000 models from over 100 tyre brands for
cars, motorcycles, commercial vehicles and buses, but also complete wheels.
More than 300,000 car parts, including motor oil, replacement parts and
accessories, complement the product portfolio.
Customers enjoy all the advantages of modern E-Commerce: convenience in
order placing, quick, efficient delivery, clear cost information and, last
but not least, low prices. The products are delivered in two business days
to any address the customer chooses. Alternatively, Delticom delivers the
tyres to one of more than 42,000 service partners (9,500 in Germany alone)
for professional fitting directly on to the customer's vehicle at a
reasonable price
Website: www.delti.com
Gourmondo Food GmbH. The company was founded in 2012, having taken over the
business of Gourmondo GmbH, which was founded in 2002. Gourmondo Food GmbH
employs 15 members of staff and is based in Munich, Germany. At
gourmondo.de, gourmondo.nl and other web shops, this distribution firm for
delicatessen, wine and gourmet foodstuffs offers a premium range of more
than 17,000 products sourced worldwide. Along with exclusive champagne
brands, high-end oils, cheeses, spices and rare wines, the offering also
includes frozen/chilled products such as gourmet meats with freshness
guarantees. Gourmondo has organic certification, is a promoter of "slow
food" in Germany and also operates the alnatura-shop.de
ES Food GmbH. The company was founded in 2016, emerging from two previous
subsidiaries of Prüfer GmbH, eCola and Seguti. It employs 16 members of
staff and five trainees, and is based in Hannover, Germany. On the
lebensmittel.de, lebensmittel.com and supermarkt.at platforms, the online
supermarket concept is implemented with a broad product range - including
the company's own shops for fruit and vegetables, pasta and confectionery.
Efficient logistics solutions at the Hannover site enable the company's
generalist approach.
Contact:
Delticom AG Investor Relations
Melanie Gereke
Brühlstrasse 11
30169 Hannover
Tel.: +49 (0)511-936 34-8903
Fax: +49 (0)511-936 89-208081147
Email: [email protected]
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23.02.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Financial/Corporate News and Press Releases.
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Language: English
Company: Delticom AG
Brühlstraße 11
30169 Hannover
Germany
Phone: +49 (0)511 93634 8000
Fax: +49 (0)511 33611 655
E-mail: [email protected]
Internet: www.delti.com
ISIN: DE0005146807
WKN: 514680
Listed: Regulated Market in Frankfurt; Regulated Unofficial Market
in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart
End of News DGAP News Service
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E-Commerce , 514680 , DEX , XETR:DEX