Delticom 9-Month Figures Show ‘Very Successful’ Year

Germany’s Delticom AG has once again shown online tyre retailing to be a lucrative business. The company behind numerous national portals, including mytyres.co.uk, reports that during the first nine months of 2010 its revenues increased 27.5 per cent to 257.0 million euros. In the third quarter Delticom generated revenues of 79.7 million euros, a year-on-year rise of 27.6 per cent. EBIT during the nine months to September 30 was 22.7 million euros, up 54.5 per cent, and in the third quarter amounted to 6.0 million euros. Delticom’s net income for the first nine months of the year was 15.2 million euros, 51.9 per cent higher than in the same period of 2009.

“The first nine months of the year have been very successful for our company,” commented Delticom CEO Rainer Binder. “We were able to expand our business once again on the back of steady developments in the European tyre industry and great improvements to the online sales channel.”

The 11-year old company currently operates online shops in 35 countries and reports a customer base of more than four million. The more than 25,000 models of tyre sold through Delticom owned portals are fitted to vehicles by more than 25,000 fitting partners, 1,771 of which are in the UK. In the year to date, the company has acquired 625 thousand new customers and served around 294 thousand recurring tyre buyers. Company management has confirmed its current planning for the 2010 financial year. Delticom expects to be able to grow its revenues by more than 15 per cent year-on-year at an EBIT margin of nine per cent, even if demand for winter tyres receives no further tailwind from snowy weather or new statutory regulations.