Delticom: 2011 financials ‘on track’
Delticom AG has published preliminary figures for the first nine months of the current year showing it increased revenues by 15.8 per cent to 297.7 million euros and pre-tax profits (EBIT) by 23.3 per cent to 28.2 million euros, despite the strong prior-year. Third quarter 2011 Earnings before interest and taxes (EBIT) improved by 51.5 per cent to 9.5 million euros (Q310: 6.3 million euros). This translates into an EBIT margin of 9.5 per cent up from 7.9 per cent in the comparable period last year. The company also confirmed anecdotal reports that early winter tyre sales have begun positively, saying: “[the] season has started off well.”