Revenue and Net Income up at Delticom

Delticom AG, Europe’s leading Internet tyre retailer, has published its consolidated interim report for the first six months of 2007. The company recorded revenue growth of around 35.2 per cent in the first six months compared to the first six months of 2006, with the total rising to 102.0 million euros (H1 2006: 75.4 million euros). EBIT increased from 3.7 million euros in H1 2006 to 5.4 million euros. At the same time, net income for the period increased to 3.7 million euros (compared to H1 2006: 2.2 million euros).

Revenues in the key eCommerce segment were up 41.7 per cent in H1 2007 to 94.1 million euros from 66.4 million euros in H1 2006. The number of registered customers in the eCommerce segment – the customers who have purchased at least once from Delticom in the past (including the current fiscal year) increased from 974,000 at the end of the second quarter of 2006 to 1,555,000 one year later. Delticom acquired 306,000 new eCommerce customers in H1 2007, with 112,000 registered customers making a repeat purchase from Delticom in the period under review.

Although Delticom continues to enjoy strong sales in Germany, the company’s growth is increasingly driven by its expansion abroad. The group recorded increases in sales in all of its total of 79 online shops in 30 countries. In total, the eCommerce division registered sales in Germany of 41.3 million euros (+ 25.6 per cent compared to H1 2006), 48.2 million euros in other EU countries (+ 51.0 per cent compared to H1 2006) and 12.5 million euros in other countries (+ 17.7 per cent compared to H1 2006).

“We are happy with the first six months”, commented Delticom AG CFO Frank Schuhardt. “More and more Internet users hear about our online-shops and buy their tyres there. And more and more of our customers have already made multiple purchases with us. In the second half of the year we will continue to raise the profile of the shops with efficient online advertising – not just in Europe, but also in the rest of the world.”