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Don’t Mention the War

International News, UK News

When online tyre retailer Blackcircles.com launched its new Meinreifen.de website for German consumers this month, you could be forgiven for interpreting the move as a strategically aggressive act. Hannover-based Delticom AG has been selling tyres online in Germany (and 29 other countries) for years and if its latest financial results are anything to go by, they have been making a rather good job of it. However, Tyres & Accessories has learnt that Blackcircles has been researching a possible entry into the German market for the last three years. So, could we be witnessing the start of an online tyre war?

13th March 2008/by Tyrepress Editors

Delticom Announces 2-Euro Dividend

Delticom AG achieved 12.3 million euros of consolidated in 2007, meaning pre-tax profits are up 21 per cent year-on-year. The 12.3 million euro EBIT figure is towards the top end of the 12.0 – 12.5 million euro projection the company gave in December 2007; and represents a margin of 5.7 per cent.

According to the preliminary unaudited figures, revenues amounted to 215 million euros, up slightly on the 214 million reported euros on 31 January 2008. Consolidated net income was also up 33 per cent to 8.4 million (previous year: 6.3 million euros).

5th March 2008/by Tyrepress Editors

Blackcircles Aims to Take Online Tyre Sales in Germany

Online tyre retailer Blackcircles.com has launched a website aimed at German consumers called Meinreifen.de. “The decision to enter the German market was very much driven by what we were seeing amongst competitors who are growing on the back of offering customers an inferior deal,” an official statement read. Naming the site mein reifen (literally my tyres in English) together with company’s comments about its competitors offering an “inferior deal” appears to be a direct attack on German company Delticom AG, which trades as mytyres.co.uk in Britain. While both companies trade online they follow quite different business models so could we be witnessing the start of an online tyre war?

4th March 2008/by Tyrepress Editors

Preliminary Figures Show Strong Revenue Growth at Delticom

Leading European online tyre retailer, Germany’s Delticom AG, has delivered news of greatly increased 2007 financial year revenues. According to preliminary consolidated IFRS figures, year on year revenues have jumped by about 24 per cent, from 173 million euros in 2006 to 214 million euros last year. This figure is at the upper end of Delticom’s forecast (210 – 215 million euros). At the same time, EBIT of between 12.0 million and 12.5 million euros is anticipated for 2007, up from 10.2 million the previous year.

From this total revenue figure, eCommerce revenues totalled 194 million euros, an increase of 25 per cent. Revenues in Delticom’s wholesale division were up year-on-year from 18 million to 20 million euros. Delticom attributes what it views as strong growth in 2007 to the ongoing positive growth in business at its online shops, of which the company now has a total of more than 86 in 30 countries. More than 600,000 new customers were acquired in 2007, raising the total number of customers to more than 1.8 million. There has also been constant growth in the number of partner workshops: right now customers can have their tyres fitted in more than 20,000 workshops worldwide.

31st January 2008/by Tyrepress Editors

Delticom Forecasts 21% Increase in Revenues

German based online tyre retailer Delticom AG has published its forecast for the current fiscal year 2007 as a reaction to industry figures published yesterday by the German Tyre and Vulcanisation Industry Association BRV, as well as in response to what the company calls irritations in the financial markets with regards to the course of Delticom’s business during the current fourth quarter. In this forecast, Delticom’s Managing Board forecasts revenues of 210 to 215 million euros, an increase of more than 21 per cent over the previous year (173 million euros).

14th December 2007/by Tyrepress Editors

Delticom Pre-tax Profits up 69%

Delticom AG, Europe’s leading Internet tyre retailer, has increased revenues by approximately 34 per cent year-on-year in the first 9 months of this year to 146 million euros (2006: 108.9 million euros). EBIT rose by 69 per cent to 6.9 million euros (previous year: 4.1 million). At the same time, net income for the period was up by 92 per cent to 4.8 million (previous year: 2.5 million euros).

26th November 2007/by Tyrepress Editors

Revenue and Net Income up at Delticom

Delticom AG, Europe’s leading Internet tyre retailer, has published its consolidated interim report for the first six months of 2007. The company recorded revenue growth of around 35.2 per cent in the first six months compared to the first six months of 2006, with the total rising to 102.0 million euros (H1 2006: 75.4 million euros). EBIT increased from 3.7 million euros in H1 2006 to 5.4 million euros. At the same time, net income for the period increased to 3.7 million euros (compared to H1 2006: 2.2 million euros).

Revenues in the key eCommerce segment were up 41.7 per cent in H1 2007 to 94.1 million euros from 66.4 million euros in H1 2006. The number of registered customers in the eCommerce segment – the customers who have purchased at least once from Delticom in the past (including the current fiscal year) increased from 974,000 at the end of the second quarter of 2006 to 1,555,000 one year later. Delticom acquired 306,000 new eCommerce customers in H1 2007, with 112,000 registered customers making a repeat purchase from Delticom in the period under review.

22nd August 2007/by Tyrepress Editors

New Online Tyre Retail Portal Launched

A new online tyre retail website has rolled onto the information superhighway. Tyres-betterdeals.co.uk is one of the most recent creations of the betterdeals.co.uk network. According to the company, tyres-betterdeals.com forms an example of the network’s innovative consumer orientation. It is interesting to point out that all the tyre selections Tyres & Accessories made while browsing the site pointed straight to mytyres.co.uk, Delticom AG’s tyre retail front-end.

Active since the end of 2003, betterdeals.co.uk publicizes news on the Internet, serving markets that are as different as Italy, Spain, and France on the one hand and Germany, Holland, and the UK on the other. Resulting in 35 launches of new Internet portals in 2007 alone, betterdeals.co.uk is created and managed by Go Advertising Limited in Dublin, Ireland.

9th July 2007/by Tyrepress Editors

Fragrant Tyres Online

The world’s first lavender-scented tyres will soon be beguiling traffic and its drivers, passengers and pedestrians. Delticom has begun selling Kumho’s fragrant tyres in size 205/55 R 16 W Ecsta SPT through its online shops across Europe.

The Ultra High Performance (UHP) tyres from Kumho’s Ecsta line disperses its fragrance at warm atmospheric conditions to a radius of around 10 metres. The secret of the fragrant tyres is heat resistant oils, which give off a pleasant aroma. These unique tyres also have all the characteristics of a high performing tyre. Kumho Ecsta tyres are impressive for their high safety standards and driving stability on wet and dry roads, their long lifetimes and low noise levels.

18th June 2007/by Tyrepress Editors

Delticom Continues Strong Growth in First Quarter

According to preliminary figures, Delticom revenues increased by approximately 52 per cent to 38.9 million euros compared with 25.6 million euros for the same period in the previous year. EBIT improved to £300,000 at 31 March 2007 following negative EBIT (30,000 euros) in the first quarter of 2006.

The first three months of the year are seen as the weakest in terms of sales and earnings and this was no different for Delticom. Most winter tyres had already been bought before the turn of the year and sales of summer tyres only begin in earnest in the second quarter, a company statement read.

“With the preliminary quarterly figures, we started the current year somewhat better than we had thought”, explained Rainer Binder of the Delticom AG Managing Board, adding: “Having increased our revenues by 34 per cent in fiscal year 2006 and generated a strong EBIT margin of 5.9 per cent, the online tyre market also offers good growth opportunities for us this year. We intend to make use of these in the course of the year and to continue our strong growth in 2007.”

18th May 2007/by Tyrepress Editors

Mytyres Promotes Cold Weather Tyres

Mytyres.co.uk, the Delticom AG owned online retailer, is promoting the use of winter tyres by offering products priced as low as £18.10 per tyre. While it is not clear exactly which product is priced at this level, Delticom’s house brand is Star Performer produced by Nankang. Delticom published details of the promotion in a recent email which also included consumer information on air pressure and irregular wear advice. It even recommended a tread depth of at least 4mm for ideal tread depth.

25th October 2006/by Tyrepress Editors

Delticom Aims For Autumn IPO

Delticom AG, known as mytyres.co.uk in the UK, is aiming to make its debut on the Frankfurt stock exchange this Autumn. In 2005 Delticom reported 129 million euros in sales, an increase of approximately 60 per cent. Roughly 5.6 million euros of this was EBIT, according to German newspapers.

“We see good possibilities of developing our already strong international operational readiness further in the coming years around the good growth opportunities that are opening in the online tyre market,” commented Delticom director, Dr Andreas Pruefer.

11th October 2006/by Tyrepress Editors

Delticom Exceeds 2005 Sales Goals

Now in its fifth year of online tyre business, Delticom AG continues to grow. Last year the company exceeded the sales goals it set itself, registering about 128 million euros in annual sales. This represents a 60 per cent increase over the previous year, when the company’s sales amounted to 80 million euros.

Wholesale activities accounted for around 20 million of Delticom’s 2005 sales, while online retail sales totalled approximately 108 million euros. Sales growth was said to be “particularly robust” in Germany, France, Switzerland, Sweden and Great Britain. Delticom recently ‘opened’ a new bilingual online store in Canada, which will offer some 60 tyre brands and 10,600 SKUs.

16th July 2006/by Tyrepress Editors

Blackcircles Predicts Record £10 million Turnover

Online tyre retailer Blackcircles.com says it is on course to achieve a record turnover of at least £10 million after receiving more than 150 enquiries about joining its franchise network, which was launched in January. Blackcircles claims to be leading the revitalisation of local garages, with independents and dealerships throughout the UK joining the network “in a bid to challenge the monopoly of national tyre chains.” With a turnover of £5 million in 2005, and a projected turnover of £10 – £15 million for 2006, Blackcircles is experiencing month on month growth.

14th July 2006/by Tyrepress Editors

Delti Opens Shop in Canada

(Akron/Tire Review) Delticom AG, Europe’s leading online tyre seller, opened a new bilingual online store in Canada. The new online effort is the company’s second direct-to-consumers online venture in North America; it already operates www.tires-easy.com. Delticom said the new site will offer some 60 tyre brands and 10,6000 SKUs. Its U.S. business also includes mounting, balancing and installation through some 8,500 “tyre installation partners.” Based in Hanover, Germany, Delticom said it operates 60 online tyre stores in 25 countries.

6th July 2006/by Tyrepress Editors