14.05.2018
Delticom AG DE0005146807
DGAP-News: Delticom AG: Delticom publishes Q1 business development
DGAP-News: Delticom AG / Key word(s): Quarterly / Interim Statement/Quarter
Results
Delticom AG: Delticom publishes Q1 business development
14.05.2018 / 10:34
The issuer is solely responsible for the content of this announcement.
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Delticom publishes Q1 business development
Hanover, 14 May 2018 - Delticom AG (German Securities Code (WKN) 514680,
ISIN DE0005146807, ticker symbol DEX), Europe's leading online retailer of
tyres and automotive accessories as well as efood specialist and expert in
the field of efficient warehouse logistics, publishes the key points of its
business trends in the first quarter 2018 with this interim announcement.
Unlike in 2017, persistently cold temperatures in the first quarter caused a
delayed start to the season in our core business in Germany. After a partly
very mild January, icy temperatures prevailed in Germany and Europe:
February and March 2018 were in the firm grip of winter. In Germany, March
was on average 4.8 degrees C colder than in the previous year, making it one
of the three coldest months of March in the last 20 years. Accordingly, the
summer tyre business only started this year after the Easter holidays at the
beginning of April. Last year, a few spring-like days in March prompted many
drivers to convert early to summer tyres.
Industry experts estimate that approx. 20 % fewer replacement car tyres were
sold to consumers by the German tyre trade in the first quarter. Against the
background of unfavourable weather conditions, the Delticom Group's revenues
also declined in the first three months of the current fiscal year. Compared
to the previous year, Group revenues fell by 12.6 % to EUR 110.8 million (Q1
2017: EUR 126.8 million). Due to the decline in sales, earnings before
interest, taxes, depreciation and amortization (EBITDA) for the first three
months also fell short of Q1 2017.
The transition from winter to summer tyre business typically takes place in
the first quarter. The first three months of a year are therefore of
comparatively little importance in terms of revenues and profitability for
the year as a whole. Moreover, weather-related shifting effects are not
uncommon in the tyre trade. The Management expects to catch up with the
weather-related decline in Q1 revenues in the remaining weeks up to the end
of May.
Outlook
The company confirms its full-year forecast for 2018. Accordingly, the
Delticom Group continues to aim for revenues of EUR 690 million for the
current fiscal year, accompanied by an increase in EBITDA of up to around
EUR 14 million.
Delticom will report on the progress of its summer tyre business when it
publishes its half-year report on August 14, 2018.
Company profile:
Delticom AG is an E-Commerce company operating primarily in Europe and the
USA. It specialises in the design and operation of online shops,
Internet-based customer acquisition, internet marketing, developing partner
networks and complex, highly efficient product picking and distribution
logistics.
Delticom AG is the leading online distributor of tyres and automotive
accessories. Our product range also includes the online second-hand vehicle
trade and efood. Delticom has extensive experience in creating shops for the
international market and in transnational E-Commerce. In addition to design,
Delticom also provides product descriptions and a comprehensive customer
service program in your national language. Establishing efficient
warehousing and logistics processes is utilised not only in selling tyres,
used vehicles and online grocery shopping, but is also offered to third
parties as an additional service.
Since its establishment in Hanover, Germany in 1999, the company has accrued
exceptional expertise in designing efficient, fully integrated internal
ordering and logistics processes. The company owns its own warehouses,
including a fully automated small item warehouse.
In 2017, Delticom AG generated sales in excess of EUR 667 million. The
E-Commerce specialist operates in 72 countries with over 453 online shops
and online distribution platforms, serving over 12.2 million customers. The
range of tyres offered to retail and commercial customers includes over 100
brands and more than 25,000 models for cars, motorbikes, trucks, utility
vehicles, buses and complete wheel sets. Customers are also able to have the
ordered products sent to one of the 43,000 service partners of Delticom AG
around the world.
Our range also encompasses over 300,000 automotive parts and accessories,
including motor oils, snow chains and batteries. Entry into the business of
online used car selling has rounded off the automotive offering. In this
sense, Delticom AG has developed from a classic online retailer to an online
solutions provider. Delticom AG also now offers a comprehensive range of
around 20,000 different food items.
On the Internet at: www.delti.com
Contact:
Delticom AG Investor Relations
Melanie Gereke
Brühlstraße 11
30169 Hannover
Tel.: +49(0)511-936 34-8903
Fax: +49 (0)89-208081147
e-mail: [email protected]
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14.05.2018 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.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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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 (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange
End of News DGAP News Service
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685215 14.05.2018
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E-Commerce , 514680 , DEX , XETR:DEX