Delticom Q3 results – net income down 47.5%
Delticom’s full report for the first nine months of 2013 shows net income significantly down compared with the same period of 2012 despite growing revenues.
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Delticom offered shares as part of Tirendo deal
Company NewsFollowing on from the news that Delticom AG purchased fast-growing online tyre retailer Tirendo on 17 September, Delticom executives have also revealed that company’s founders and main shareholders Rainer Binder and Andreas Pruefer also sold around 500,000 Delticom shares to a subsidiary of European Media Holding AG (EMH), which itself is a founding shareholder of Tirendo. In addition EMH was granted options to purchase up to a further 1.6 million shares. Apart from increasing the apparent combined value Delticom attributed to Tirendo, it is also likely to have consequential effects on market pricing.
Delticom buys Tirendo for 50 million euros
Company NewsHanover, Germany-based Delticom AG agreed to purchase Tirendo Holding GmbH on 16 September. The leading European online tyre business will purchase all shares in the Berlin-based online tyre retailer and its subsidiaries. According to a statement issued by the companies, the purchase price, including acquired shareholder loans, amounts to roughly 50 million euros.
Delticom adds PayPal to payment options
NewsTyres purchased through the mytyres.co.uk site and a number of other Delticom portals can now be paid for using PayPal.
Delticom reports good Q2 growth
NewsPreliminary figures published by online tyre retailer Delticom show improved performance in what the company calls a “challenging market environment.” During the first half of the year, the company achieved revenues of €212.2 million, up 9.8 per cent year-on-year. During the April to June quarter, Delticom’s revenues amounted to €130.9 million, a 21.5 per cent year-on-year increase. Against the market trend, second quarter revenues in the company’s core E-Commerce division rose 24.0 per cent year-on-year to €128.9 million; division revenues in the first half of 2013 were €206.4 million, an increase of 11.6 per cent.
Delticom refreshes Irish site
NewsFollowing on from the revamp it gave its UK website in June, online tyre retailer Delticom has re-designed its website for the Irish market. It describes the updated www.eiretyres.com website as being “clean and easy to use, with an even more user-friendly interface for faster access to the widest possible range of tyres and complete wheel solutions.” A selection filter has been added to enable buyers to view tyres from a specific brand or within a specific price bracket.
Delticom revises UK website
NewsOnline tyre retailer Delticom has revised its UK market website. It says the updated mytyres.co.uk site offers an even more user-friendly interface for faster access to the widest possible range of tyres and complete wheel solutions. The new selection filter allows buyers to view tyres from a specific brand or within a specific price bracket. Users can also indicate whether they require the tyres to be fully fitted through its established network of professional fitting stations in the UK.
Delti adds wheel configurator to site
NewsDelticom has added a wheel configurator to dealers at yourtyres.co.uk. In addition the company’s complete aluminium wheel and alloy wheel range is also being expanded on yourtyres, and on Delticom's dedicated site for fleet buyers.
Delticom DEX now available on all European sites
NewsOnline tyre retailer Delticom shares that it has now rolled out its Delticom Efficiency Class Index, or DEX label, in all its European portals. The company describes DEX as a “further development” of the classification set out in the EU tyre label and says that its provides a “convenient guide” for choosing summer and all-season tyres.
Delti adds Anlas to agri/industrial tyre range
NewsDelticom has expanded its range of industrial and agricultural tyres in the UK with the addition og Turkish tyre brand Anlas.
According to the company, Anlas is a market leader in Turkey. Manufactured in Europe, its products offer high-quality workmanship and an excellent price-performance ratio. Delticom already has a well-established relationship with Anlas, after adding scooter and moped tyres to its UK online shops in 2012.
Despite Q1 revenue drop, Delticom maintains H1 growth projection
NewsRevenues at online tyre retailer Delticom fell 4.9 per cent year-on-year in the first quarter of 2013 to 81.3 million euros, the company reports. Delticom suggests this drop in sales is linked to many motorists’ decision to delay purchasing summer tyres due to the persistent snowfall experienced in many parts of Germany and elsewhere right through to the end of March.
Are after-sale services going online?
NewsEven though car service portals are being accepted only hesitantly, they still have a remarkable effect already today and the online booking of auto-services is beginning to enter the imagination of motorists across Europe. According to German research firm Wolk After Sales Experts, the concept has now “become imaginable” to many car drivers and the finding forms the basis for a new study named “After Sales Goes Online“, conducted by the automotive consultancy.
Delticom net income down 38.5% in 2012
NewsAccording 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.
E-Commerce B2C a Delticom highlight in a “challenging” 2012
NewsThe traditionally upbeat tone of Delticom’s financial reporting was slightly muted upon release of the company’s 2012 preliminary full-year figures on 23 January. The German-based online tyre retailer described 2012 as a “challenging year” and the market environment as “difficult.” Full-year revenues amounted to 456.4 million euros, a 4.9 per cent decrease on 2011.
Tyres & Accessories October 2012
MagazineIn our October edition Tyres & Accessories looked at Tyre Wholesaling and the latest developments in Online Branding and E-Commerce in particular detail. This is now available to view online in our e-paper format. Subscribers can simply click more to browse this edition, which also includes all our regular news and analysis.
