05.05.2015
Delticom AG DE0005146807
DGAP-News: Delticom AG: Annual General Meeting approves dividend // preliminary figures for Q115
DGAP-News: Delticom AG / Key word(s): AGM/EGM/Dividend
Delticom AG: Annual General Meeting approves dividend // preliminary
figures for Q115
05.05.2015 / 15:23
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Delticom AG: Annual General Meeting approves dividend // preliminary
figures for Q115
Hanover, 05 May 2015 - SDAX-listed Delticom AG (German Securities Code WKN
514680, ISIN DE0005146807, stock market symbol DEX), Europe's leading
Internet tyre retailer, is distributing a dividend of EUR 0.25 per share
for the 2014 financial year (previous year: EUR 0.50).
73.52 % of the share capital was present at the General Meeting of Europe's
leading Internet tyre retailer. Shareholders approved all the items on the
agenda with a large majority. In the financial year elapsed, Delticom
focused on the complete integration of Tirendo into the Delticom Group. For
the closed financial year 2014 the shareholders will receive a dividend of
EUR 0.25 per share. In 2014, the consolidated net profit amounted to EUR
2.9 million or EUR 0.24 EUR per share. The decline by 75 % compared to the
previous year 2013 was mainly due to the higher cost base after the Tirendo
acquisition. On the AGM the Management reconfirmed the objective to reach
break-even with Tirendo over the course of the current fiscal year.
Business in the first quarter 2015
The cost reductions at Tirendo will help Delticom to gain new customers and
to grow through attractive prices. According to the forecast for the
current fiscal year provided in the annual report 2014, Delticom aims to
increase sales volume in 2015 compared to the previous year and to
reinforce its market-leading position. The initial results of this strategy
can be found in the first quarter of 2015:
- According to preliminary figures, quarterly revenues of EUR 111 million
are 18 % higher than in Q114
- The number of new customers increased by 5 % to 207 thousand (Q114: 197
thousand, new calculation methodology)
- In Q115, 238 thousand existing customers (+19 %) made a repeat purchase
at Delticom Group (Q114: 200 thousand, new calculation methodology)
- Personnel costs came down by 40 % compared to the first three months of
2014
- Marketing expenses rose moderately in Q115
Despite this positive development in Q115, it is in the view of the
management too early for large euphoria. The first quarter only has a
comparatively small importance relative to the whole year and in particular
with regard to profitability. Due to the increase in the number of tyres
sold, the volume-related costs - such as transport and storage handling
costs - increased in Q1 more than revenues, in line with expectations. The
pricing strategy shows its effects not only in revenues but also in profit:
- The gross profit margin including other operating income for Q115 was
24.9 %, after 26.8 % in Q114
- At EUR 760 thousand, the EBITDA is 68 % lower compared to the previous
year quarter
- Earnings before taxes in Q115 were with EUR -1.4 million negative
For this reason, it is all the more important that Delticom will continue
to tenaciously strive for cost optimization in 2015. At the current time,
there is still major uncertainty when it comes to market and price
development in the European replacement tyre business in 2015. For Germany,
the German tyre association BRV (Bundesverband Reifenhandel und
Vulkaniseurhandwerk) cautiously estimates that there will be no widespread
improvement in the situation in 2015 compared to the previous year.
Full-year guidance confirmed
The management of Delticom is planning on increasing sales volume in 2015
to exceed that of the previous year. In the case of a deflationary price
climate Delticom considers it conceivable that this increase in sales will
not necessarily result in a corresponding increase in revenues. For fiscal
year 2015, the management continues to aim for revenues and EBITDA in
absolute terms at least on par with fiscal year 2014.
The full report for the first quarter 2015 will be published on 13 May 2015
within the "Investor Relations" section of the website www.delti.com.
Company profile:
Delticom is Europe's leading online tyre retailer. Founded in 1999, the
Hanover-based company has more than 160 online shops in 42 countries, among
others ReifenDirekt, www.mytyres.co.uk in UK and www.123pneus.fr in France,
as well as the Tirendo shops which enjoy a high level of recognition, not
least due to its brand ambassador, Sebastian Vettel. 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 200,000 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 40,000 service partners (9,500 in Germany alone)
for professional fitting directly on to the customer's vehicle at a
reasonable price.
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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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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