Online tyre retailer Delticom sees revenues up 10 percent in Q2

ERJ staff report (DS)

Hanover, Germany -- Despite strong growth a year ago, Eureope's largest online tyre retailer Delticom AG saw around 10 percent revenue growth in the three months to the end of June 2011.

H1 revenues in the E-Commerce division were up year-on-year by 12.0 percent, from € 169.7 million to € 190.1 million.

Delticom said in its results statement, "Despite a challenging Pan-European demand situation, the rise in purchasing prices were largely passed on to customers. Consequently, second quarter gross profit margin (gross profit in relation to total income) came in flat year-on-year at 29.0 percent. For the first half of the year the gross profit margin decreased only slightly from 28.4 percent to 28.3 percent."

This is an external link and should open in a new window. If the window does not appear, please check your pop-up blocking software. ERJ is not responsible for the content of external sites.

Press release from Delticom