Delticom 2009 Sales Pass 300 million Mark Due to Snow

On 4 January Delticom AG, Europe’s leading online tyre dealer, predicted it will beat its full year 2009 revenue and earnings forecasts. While the severe weather has slowed down many business over the Christmas and New Year period, representatives of the Hanover, Germany-based Delticom report that the snowy weather helped 2009 sales past the 300 million euro mark. The company had previously forecast sales of 285 million euros for the period.

Furthermore, the management is said to be “very confident” that earnings will have exceeded previous expectations considerably. Delticom forecasted a full year 2009 EBIT margin of 7 per cent. The company will publish preliminary earnings on 19 January 2010.

In response to Delticom’s latest trading update,  Deutsche Bank analysts explained that Delti’s 7 per cent EBIT margin prediction equates to around 21 million euros and estimated that the exact figure will be around 21 million euros of EBIT (7.4 per cent margin). “We believe Delticom could shed some light on the market outlook with full year results on 23 March (preliminary results on 19 January),” the analysts concluded.