Strong Q2 result lifts Delticom’s bottom line for H1 2016
Online tyre retailer Delticom has profited from the same cold weather that held sales back earlier in the year, at least to an extent. Reporting on its financial performance in the second quarter of 2016, the company noted that low temperatures prompted European motorists to delay fitting summer tyres to their vehicles until after Easter, and while the delayed switch to summer tyres helped boost Q2 2016 sales by 22.0 per cent year-on-year to €169.3 million, the company suggests that dealers sold almost five per cent fewer replacement car tyres to consumers during the first half of the year. Sales for the first six months of 2016 were up 9.9 per cent to €275.1 million.