Hanover, 30 April 2013 – SDAX-listed Delticom AG (German Securities Code WKN 514680, ISIN DE0005146807, stock market symbol DEX), Europe's leading Internet tyre retailer, is distributing a dividend of EUR 1.90 per share for the 2012 financial year (previous year: EUR 2.95).

74.34 % of the share capital was present at the General Meeting of Europe's leading Internet tyre retailer. Shareholders approved all the items on the agenda with a large majority. For the fiscal year 2012 the shareholders will receive a dividend payment of EUR 1.90 per share. Delticom AG thus continues its dividend policy to let the shareholders participate in the company's success.

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Hanover, 25 April 2013 – Delticom (German Securities Code (WKN) 514680, ISIN DE0005146807, stock market symbol DEX), Europe's leading online tyre dealer, has published its full report for the first three months of 2013. In Q1 13 the company recognised revenues of € 81.3 million, a decrease of 4.9 %. Earnings before interest and taxes (EBIT) amounted to € 2.5 million.

Business in the first quarter

Revenues. Winter finally took hold in the month of January: Persistent snowfall in many parts of Germany and elsewhere right through to late March made for difficult conditions on the road. Delticom was able to record a substantial rise in sales of winter tyres during the first quarter of 2013, but winter tyre business at the start of the year is relatively insignificant overall.

Given the freezing temperatures and treacherous road conditions, many drivers presumably decided to put off purchasing summer tyres for a few weeks.

The positive sales trend in business with private end customers at the start of the year was unable to fully compensate for the weak demand on account of the weather experienced in March. Quarterly revenues decreased by 4.9 % to € 81.3 million (Q1 12: € 85.5 million). Revenues in the E-Commerce division were down year-on-year by 4.2 %, from € 80.9 million to € 77.5 million.

On the back of sluggish sales, many dealers were evidently not yet willing to fully replenish their stocks for the upcoming summer tyre business. As a result of the difficult market climate, sales in B2B- E-Commerce were down substantially year on year in the first quarter of 2013. The revenues of the Wholesale division decreased by 17.0 % to € 3.8 million, after prior-year revenues of € 4.5 million.

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Hanover, 23 January 2013 – For Delticom (German Securities Code (WKN) 514680, ISIN DE0005146807, stock market symbol DEX), Europe's leading online tyre dealer, 2012 was a challenging year. In a difficult market environment the company generated revenues of € 456.4 million, according to today's preliminary figures (2011: € 480.0 million). EBIT amounted to € 32.5 million (2011: € 52.9 million). Earnings per share were € 1.86 (2011: € 3.04).

Q4 12: Successful quarter despite poor market conditions

During the first nine months of 2012 the European tyre trade showed growing signs of a cyclical downturn. Weak tyre demand in the final quarter confirmed the trend. As a result, industry experts indicate that winter tyre sales disappointed in 2012, dropping below the already weak 2011 levels.

This did not leave Delticom’s Q4 12 business with commercial customers unaffected. Both B2B sales in the E-Commerce division as well as wholesale revenues shrunk double-digit. Total quarterly revenues amounted to € 175.9 million (Q4 11: € 182.3 million, –3.5 %). Due to robust sales to end-customers, divisional E-Commerce revenues for Q4 12 stood at € 172.7 million, only slightly below last year (Q4 11: € 176.5 million, –2.1 %).

In an environment characterised by mild winter conditions and increasing competitive pressure, Delticom was yet again able to grow its business with private end-customers (B2C). More than 80 % of the revenues in the E-Commerce division came from B2C sales. The company was therefore able to at least partially insulate itself from the overall weak market conditions.

In order to increase volume Delticom had to offer more attractive prices for its customers. According to the German tyre trade association (BRV), selling prices for winter tyres had to be reduced by a few percentage and thus forfeiting profits, as weak demand met fully stocked warehouses. Consequently, Delticom's Q4 12 gross margin (trade margin ex other operating expenses) of 25.0 % came in significantly lower than in the prior-year period (Q4 11: 28.8 %). This was compounded by the planned increase in fixed costs, resulting in a Q4 12 EBIT margin of 8.5 % (Q4 11: 13.6 %).

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