Delticom Reports 72% Profit Growth in 2009
German based online tyre retailer Delticom, owner of the mytyres.co.uk portal, has reported revenues of 311.3 million euros in the 2009 financial year, a year-on-year increase of 20.2 per cent. During the reporting period the company’s EBIT increased 78.8 per cent to 29.4 million euros, and Delticom notes that, in relation to revenues, this corresponds to an EBIT margin of 9.4 per cent – exceeding the forecast of 7 per cent. Consolidated net income for 2009 was 20.2 million euros or 1.71 per euro share, up 72.4 per cent from the previous year.