Delticom net income down 38.5% in 2012
According to audited financial statements for the 2012 fiscal year, internet tyre retailer Delticom AG recorded revenues of 456.4 million euros, 4.9 per cent less than a year earlier. The company’s EBIT margin was also down, from 11.0 per cent in 2011 to 7.1 per cent last year. Consolidated net income was 22.2 million euros or 1.87 euros per share, as compared with 3.04 euros a share in 2011.
“The last years have shown that mid-term tyre demand cannot be anticipated with a sufficient degree of reliability,” wrote Delticom in a statement dated 8 March 2013. “At this point in time any full-year guidance is therefore subject to considerable uncertainty, in particular with regards to the winter tyre business.”
The focus is on summer tyres in the first half of this year, and therefore Delticom expects to grow revenues in its core e-commerce segment by up to ten per cent year-on-year. “For the case of a satisfactory course of business for the full year, Delticom should be able to exceed previous year’s revenues,” the company elaborated. “The management assumes that company growth will once again outperform the industry as a whole in 2013, regardless of broader sector developments.”
Delticom will publish its 2012 financial statements on 21 March.
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