Delticom Increases Target EBIT Margin

Online tyre retailer Delticom AG reports a “significant” increase in revenues and earnings during the first half of 2010, and while admitting it may have to face “headwind” from a weakening consumer climate and negative base effects in the upcoming quarters, the company’s management board says it is now confident of achieving a higher level of profitability than initially expected for the full year.

Assuming continued positive business developments, Delticom now projects a 2010 EBIT margin of nine per cent, as opposed to the eight per cent previously projected. Management leaves its outlook for 2010 sales growth unchanged, and group revenues are expected to increase by more than ten per cent year-on-year. Delticom will publish its preliminary revenues and earnings for the first half-year on July 20 and the full report will be released on August 10.