EANS-Adhoc: Delticom raises revenues and earnings target for FY 2010
ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement.
26.11.2010
Hanover, 26 November 2010 - Delticom AG (German Securities Code 514680, ISIN DE0005146807, stock market symbol DEX), Europe's leading Internet tyre retailer, today has raised its 2010 revenues and earnings target once again.
The Upper House of the German Parliament has today adopted an amendment to the German Road Traffic Regulations. Under specified circumstances winter tyres will be mandatory in Germany: In case of "ice, packed snow, slush, black ice or frost" vehicles will only be permitted on the roads if they are equipped with winter or all-weather tyres bearing the specific identifying marks. Even though more than 80% of car owners in Germany already regularly change the tyres on their vehicles as the cold weather approaches, an additional surge in demand can be expected in the coming weeks. The new regulation will come into force presumably mid of December.
Winter weather conditions not only in Germany but also elsewhere in Europe have boosted sales volume over the past few days. In addition, Delticom has been able to benefit from short dated supplementary delivery promises which helped the availability of winter tyres in the companies´ online shops. Against the background of market-wide scarcity of winter tyres Delticom now anticipates 2010 revenue growth of more than 20% year-on-year (previously: at least 15%) at an EBIT margin of around 10% (previously: 9%).
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: 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