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Delticom Reports 50% Online Revenue Increase in 1Q 2010

Delticom AG has published preliminary figures for the first quarter of 2010, which provide further evidence for the increased influence of the Internet on the tyre business. According to a preliminary results statement published 20 April, Delticom achieved first quarter 2010 revenues of 74 million euros (£64.5 million; $99.44 million), up 45 per cent compared with the 51.0 million euros reported in the same period in 2009. However, e-commerce revenues for the first quarter great faster still, totalling 70 million euros (£61 million; $94.08 million), up 50 per cent from 46.7 million euros in the first quarter of last year.

21st April 2010/by Tyrepress Editors

Online Retail Potential Greater than Thought: Delticom

According to Delticom, the number of potential online tyre purchasers is much higher than many experts previously thought. The online retailer has drawn this conclusion from the results of its “Reifen Online 2010” survey of 1,001 German motorists, which was conducted by renowned survey organisation forsa. The forsa survey revealed as many as a third of all German drivers can envision purchasing tyres online; for motorists between 18 and 30 years of age, this figure rises to 42 per cent.

16th April 2010/by Tyrepress Editors

Delticom Reports 72% Profit Growth in 2009

German based online tyre retailer Delticom, owner of the mytyres.co.uk portal, has reported revenues of 311.3 million euros in the 2009 financial year, a year-on-year increase of 20.2 per cent. During the reporting period the company’s EBIT increased 78.8 per cent to 29.4 million euros, and Delticom notes that, in relation to revenues, this corresponds to an EBIT margin of 9.4 per cent – exceeding the forecast of 7 per cent. Consolidated net income for 2009 was 20.2 million euros or 1.71 per euro share, up 72.4 per cent from the previous year.

31st March 2010/by Tyrepress Editors

Delticom Launches US Wholesaler Site

Delticom North America, the US subsidiary of Europe’s largest online tyre retailer, has launched www.tires123.com, an online store targeting tyre retailers and service centres. The dealer-only website is the wholesale version of sister site tires-easy.com, a consumer site Delticom states is “known for its low prices for consumers.”

18th March 2010/by Tyrepress Editors

Delticom Reports Revenues of 310 million euros in Preliminary 2009 Results

Hanover-based Delticom AG has released preliminary 2009 financial results that show group revenue totalled 310 million euros, compared with 259 million euros in 2008. The growth realised (+20 per cent) was twice as strong as expected. Last year, 800,000 customers purchased tyres for the first time in one of the company's number of online shops, which includes mytyres.co.uk in the UK.

19th January 2010/by Tyrepress Editors

Delticom 2009 Sales Pass 300 million Mark Due to Snow

On 4 January Delticom AG, Europe’s leading online tyre dealer, predicted it will beat its full year 2009 revenue and earnings forecasts. While the severe weather has slowed down many business over the Christmas and New Year period, representatives of the Hanover, Germany-based Delticom report that the snowy weather helped 2009 sales past the 300 million euro mark. The company had previously forecast sales of 285 million euros for the period.

5th January 2010/by Tyrepress Editors

Delticom Takes on German Maxima Distributorship

Online tyre retailer Delticom has become the exclusive German distributor of the Maxima tyre brand. Delticom will distribute this second brand from Slovenian motorcycle tyre manufacturer Savatech through four of its websites, and will also add the Sava brand to its product portfolio. Through its supply of the Maxima brand, Delticom says it hopes to appeal to price-conscious consumers who wish to purchase quality, European-made tyres.

7th December 2009/by Tyrepress Editors

Delticom Branches Into Bicycle Tyres

European online tyre retailer Delticom has expanded its product family in its home market through the addition of an online shop for bicycle tyres. The German based company has taken over Radlreifen.de, a bicycle tyre shop that has been in existence for two years. Delticom comments that customers – initially in Germany only – will find the “highly diverse choice of quality branded goods” they have come to expect from the company’s existing online tyre portals. As is the case with other websites operated by Delticom, delivery of bicycle tyres is free of charge.

2nd December 2009/by Tyrepress Editors

Mytyres.co.uk Warns Against Buying Part-worn Tyres

Mytyres.co.uk – the UK part of Europe’s largest online tyre retailing group Delticom AG – is warning the increasing number of motorists considering part worn tyres that this is an example of false economy and a potentially dangerous decision. Whilst it is difficult to establish the number of part-worn tyres on sale in the UK, research suggests that the number of tyre retailers looking to supply this type of tyre because of the current economic climate is increasing. Tyres & Accessories’ best estimate for the size of this market puts the figure at up to 2 million units.

18th November 2009/by Tyrepress Editors

Mytyres Adds Number-plate Fitment System

Delticom AG-owned Mytyres.co.uk has added a number-plate fitment option allowing drivers to find suitable tyres using just a car’s registration. Mytyres is obviously aiming to demystify the tyre buying process by offering an easier way of finding out which consumers need. Adopting this style means Mytyres joins the list of companies already using similar systems (including National Tyres’ online presence amongst others). The move also marks the beginning of trend in the market towards offering this. Tyres & Acccessories/tyrepress.com understands that some of the business’ leading online and bricks and mortar names are in advanced discussions with number-plate fitment system service providers regarding adding this facility.

28th October 2009/by Tyrepress Editors

Tyres & Accessories October 2009

October's Tyres & Accessories issue contains features on the online tyre business and wholesaling. Subscribers, click more to read the e-magazine online.

27th October 2009/by Tyrepress Editors

Analysts Praise Delticom's Performance

Financial analysts have given Delticom AG a “Buy” rating and a set 24 euro target price, above the company’s current level of around 20 euros. The Deutsche Bank analysts described Delticom as “a very attractive business model in the fragmented tyre replacement market” and were clearly impressed with their performance to date. “In 2009, one of the worst years ever in the tyre industry, Delticom targets 10 per cent revenue growth and increased its EBIT-margin outlook from 6 to 7 per cent. We think Delticom's eCommerce focus will lead to further market share gains and allows for annual revenue growth of 13.4 per cent and earnings per share growth of 18.4 per cent (estimated company annual growth rate from 2008-2011).”

14th September 2009/by Tyrepress Editors

Delticom Revenues 14.5% Improved in First Half 2009

Despite an increase in revenues during the first half of 2009, Delticom CFO Frank Schuhardt retains a cautious outlook towards the company’s full-year performance. "Consumers across Europe are going to feel the effects of the crisis over the coming months,” he commented. “This is bound to have an impact on the tyre trade. Consequently, we should not assume that Delticom will be as profitable in the second half of the year as it was in the first half."

13th August 2009/by Tyrepress Editors

FullboreUSA Range Arrives in Europe

The Japanese engineered motorcycle tyre brand FullboreUSA has developed a following stateside, and its popularity is said to be gaining within the racing fraternity, an acceptance that has been reflected by increasing North American sales figures in 2008 and 2009. Here on this side of the pond the FullboreUSA brand is brand new. The range is exclusively available through Delticom’s various national websites – at present FullboreUSA products can be purchased in Germany, Belgium, the Netherlands, Luxembourg, Denmark, Poland, Norway, Finland, Sweden, Iceland and the Czech Republic.

28th July 2009/by Tyrepress Editors

Delticom Celebrates 10th Anniversary

Europe’s leading online tyre business, Delticom AG (mytyres.co.uk in the UK), has been celebrating its 10th Anniversary by offering special additional discounts of up to 10 per cent off its normally competitive prices. “The formula for our success is our more than 3 million satisfied customers to date and the fact that we do not want to stop being better,” Rainer Binder, CEO of Delticom AG, explained, adding: “More and more drivers buy their tyres online. In the current economic situation across Europe, a rising number of consumers are discovering favourably priced purchasing opportunities on the Internet, which they can find with us in 35 countries and in more than 100 online shops.” According to Delticom, the company’s prices are on average 20 to 25 per cent cheaper than traditional tyre dealers. Moreover customers are offered a worldwide network of about 24,000 service partners, who mount the tyres professionally for “reasonable prices.”

14th July 2009/by Tyrepress Editors