Delticom Reports Strong Growth in 2008
Prominent European online tyre dealer Delticom AG reports closing its 2008 fiscal year with a record result. Despite a disappointing year for the tyre industry and for tyre retailers, Delticom’s online business model has again exhibited strong growth. The company recorded significantly increased sales in nearly all of its more than 100 online shops in 35 countries. This is reflected in year-on-year rise in revenues in each quarter. In the fourth quarter alone, revenues of 84.0 million euros were achieved, up from 69.5 million euros in the corresponding quarter of 2007. For the whole year, Delticom increased revenues year-on-year by 20.2 per cent to 259.0 million euros. With these results, Delticom hit the upper end of the revenue targets the company released at the beginning of the last year.