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Delticom AG publishes 9-monthly report 2012

Online tyre dealer Delticom has published its 9-monthly report for 2012. In a troubled market environment the company recognised revenues of €280.4 million in 9M 12, a fall of -5.8 per cent year-on year.

Earnings before interest and taxes (EBIT) decreased in the reporting period by 37.9 per cent to €17.5 million (9M 11: €28.2 million), primarily due to higher fix costs. This translates into an EBIT margin (EBIT in percent of revenues) of 6.2 per cent (9M 11: 9.5 per cent). Third quarter EBIT saw a decline of 55.0 per cent, from prior-year's €9.5 million to €4.3 million. The quarterly EBIT margin was 4.9 per cent (Q3 11: 9.5 per cent).

8th November 2012/by Tyrepress Editors

Goodyear sales/volumes down in third quarter results

At the close of last week, Goodyear Tire & Rubber Company reported results for the third quarter of 2012 showing improved North American operating of US$130 million (up 67 per cent year-on-year), but also significant volume decline (down 12 per cent year-on-year).

29th October 2012/by Tyrepress Editors

Delticom promotes winter tyres for fleets

The safety benefits of fitting winter or cold weather tyres are still not fully appreciated by many fleet operators in the UK. And the relatively mild winter in the UK last year may well have lulled fleet managers into postponing a decision to fit winter tyres to their van or car fleets. That’s according to Delticom, Europe’s leading online tyre retailer, which is also a specialist in the supply and fitment of winter tyres. Operating in the UK fleet market as fleettyres24.co.uk, the company is drawing on its considerable experience of winter tyre sales throughout Germany and elsewhere in Europe where these tyres are compulsory and necessary over the winter period.

24th October 2012/by Tyrepress Editors

Analysts: Michelin results ‘a good third quarter’

Financial analysts welcomed the relative good news of Michelin’s third quarter/nine-month results, which saw sales rise despite lower volumes and followed profit warnings from Nokian and Delticom respectively in the week before. As a result Deustche Bank upgraded its operating profit expectations to 2.55 billion euros, 9 per cent above consensus.

23rd October 2012/by Tyrepress Editors

Michelin sales up 6 per cent in the first nine months of 2012

Michelin has reported sales of 16.142 billion euros in the first nine months. The figure, which represents a 6 per cent increase compared with the same period last year, comes despite slow demand and continued pressure in the economic environment especially in mature markets. However, despite the increase, sales volumes were down 6.7 per cent, with the overall improvement being explained by product mix and raw materials-related price increases.

23rd October 2012/by Tyrepress Editors

Delticom profit warning another negative point for tyre business – analysts

Following Delticom’s announcement of a profit warning, financial analysts have issued a warning of their own – Delticom AG could now witness market watchers slash their 2012 earnings estimates for the company by around 30 per cent.

18th October 2012/by Tyrepress Editors

Delticom warns on profit outlook in 3Q results

Delticom has reported revenues of 280.4 million euros in the first three quarters of 2012, down some 5.8 per cent compared with the previous year. The preliminary results show that pre-tax profits (EBIT) amounted to 17.5 million euros, which suggests this figure fell by around a third compared with last eyar. By comparison, in the first nine months of 2011 revenues increased by 15.8 per cent to 297.7 million euros and EBIT by 23.3 per cent to 28.2 million euros. As a result of the “challenging market environment” Delticom warned investors that it is scaling back its EBIT goal for the current financial year to 7 – 8 per cent.

18th October 2012/by Tyrepress Editors

Delticom expands its wheel/tyre offering

Online tyre retailer Delticom is seeking to expand its market leadership in complete wheels. Business and fleet customers as well as consumers can choose from a high number of combinations of steel and aluminium complete wheels and tyres.

These tyre and wheel combinations are produced on demand, with tyres freshly mounted and balanced for each order – even runflats.

27th September 2012/by Tyrepress Editors

Delticom offers ‘DEX’ as label alternative

One occasional criticism of the European tyre label is that, unlike the energy efficiency label, it provides more than just a single performance measurement. Delticom is avoiding such issues with its new Delticom Efficiency Class Index, or, DEX a measurement it will offer its customers in addition to the label.

25th September 2012/by Tyrepress Editors

Analysts: Delticom profit warning a reflection of European tyre market weakness

Delticom issue a profit warning (19 July 2012) after revenues and pre-tax profits (EBIT) came in below expectations. As a result the company reduced its full-year growth target from +10 per cent to +5 per cent year-on-year and stated that an EBIT margin above 9 per cent (compared with 6.9 per cent in the first half of 2012 and 9.4 per cent in the first half of 2011) is only attainable in the event of a good winter tyre season prompted by wintery weather.

20th July 2012/by Tyrepress Editors

Weak summer tyre sales drag Delticom revenues down

Traditionally, financial news from Delticom has centred on unprecedented growth and increased revenues. Not so today. The European online tyre retailer has issued a statement outlining preliminary figures for the first half of 2012, and for once the news isn’t as good as anticipated. Against what the company refers to as a “backdrop of weak summer tyre markets,” Delticom took in revenues of 193.3 million euros in the first half of 2012, a 2.5 per cent year-on-year decrease. Earnings before interest and taxes (EBIT) amounted to 13.2 million euros, down 30.9 per cent from the 19.1 million euro EBIT in the first half of last year.

19th July 2012/by Tyrepress Editors

Delticom expands Flotten24, opens Dutch and French versions

Delticom is expanding its influence in the fleet market with the expansion of German operation Flotten24 and the introduction of Dutch and French versions. "In our online shops there are quality tyres for nearly every vehicle to meet every demand, including the current test winners", says Christian Schild, Key Account Manager Fleets at Delticom.

4th July 2012/by Tyrepress Editors

Delticom now offering Mickey Thompson 4×4 tyres

Delticom is now offering Mickey Thompson branded 4×4 tyres through its mytyres.co.uk consumer and professional yourtyres.co.uk websites.

11th June 2012/by Tyrepress Editors

Online tyre retail still a growing market, says Delticom report

Over in Germany, online tyre retailer Delticom commissioned research company Forsa to study consumer attitudes to buying tyres online. Forsa surveyed 1,000 German potential tyre purchasers, aged 18 to 65 years, and noted that acceptance towards online tyre purchases is still growing.

17th April 2012/by Tyrepress Editors

Delticom acquires European rights to Anlas two-wheel range

Online tyre retailer Delticom has secured exclusive distribution rights in a number of European markets, including the UK, for the Anlas range of two-wheeler tyres. The Turkish tyre maker produces tyres for bicycles, mopeds, scooters, motorcycles, golf carts, ATV and agricultural vehicles; the initial range distributed by Delticom includes three products for scooters and mopeds, the M+S marked MB-458 Wintergrip scooter tyre, the Trials scooter cross tyre and the NR-SP WW whitewall tyre for urban retro scooters.

27th March 2012/by Tyrepress Editors