Delticom sees e-commerce revenues up by 30% in first half

ERJ staff report (DS)

Hanover, Germany -- Despite replacement tyre sales being up by around 11 percent in the first half, European online tyre retailer Delticom saw sales up by 30 percent in the same period.

Group revenues rose 27.4 percent in the first six months to Euro 177.3 million, compared with Euro 139.2 million in the prior-year-period ). Revenues in the E-Commerce division rose 29.7 percent to Euro 169.7 million (H1 09: euro 130.8 million), while Wholesale revenues fell from EUR 8.4 million to EUR 7.6 million.

The Internet as a sales channel for tyres is gaining momentum across Europe. Since the beginning of the year Delticom has acquired around 430 thousand new customers. This translated to a customer base of more than 3.8 million at the end of June. At the same time, customer loyalty continued to rise: In the first six months of 2010 roughly 230 thousand repeat customers have returned to the 108 online shops to make purchases with Delticom.

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Press release from Delticom