Also Fleets can benefit

Fleet companies looking to save money on tyre purchasing now have the transparency, via the internet, of a fast, accurate and simple mechanism for comparing tyre prices and delivery. And, according to Mike Wise of fleetyres24, sales of tyres online are set to grow in 2012 as more and more companies appreciate the economies and convenience of purchasing tyres via the internet.

“Tyres can be a costly commodity for a fleet and they have become increasingly more complex with a proliferation of sizes and types of tyre”, said Mike “The simple ordering process we adopt at fleettyres24, which encompasses the best availability and competitive pricing with total transparency, will help corporate together with small and medium sized companies save money in what is a challenging economic environment.”

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Hanover, 19 January 2012 – For Delticom (German Securities Code (WKN) 514680, ISIN DE0005146807, stock market symbol DEX), Europe's leading online tyre dealer, 2011 was again a successful year. According to today's preliminary figures, revenues in the fiscal year increased by 14.4% to € 480.0 million and EBIT by 9.6% to € 52.2 million. Earnings per share grew 8.4% to € 2.99.

Q411: Successful quarter despite mild winter

The harsh 2010 winter had resulted in a superior business performance for the European tyre trade. Last season, though, the business was hurt by very mild winter weather conditions. At present, industry experts believe that winter tyre sales have dropped substantially below prior-year levels.

After taking the new warehouse into operations in Q211, Delticom stocked up ahead of the season. As a result, the company was able to offer attractive prices to its customers throughout the fourth quarter. Despite the very strong base, Delticom sold more tyres than in Q410. Quarterly revenues increased by 12.1% to € 182.3 million (Q410: € 162.6 million).

While the 2010 winter had seen massive price hikes driven by market-wide scarcities, Q411 prices developed in a more orderly fashion, as expected. Consequently, gross margin (trade margin ex other operating expenses) retracted to a less inflated 28.4% (Q410: 30.6%). The Q411 EBIT margin came in at 13.2% (Q410: 15.2%).

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But most people have never bought winter tyres for their vehicles

A survey* by mytyres.co.uk, part of Europe’s leading online tyre retailer, Delticom, has found that for an overwhelming majority of motorists (82%), staying mobile is important in winter. Almost two thirds of respondents rated staying mobile as ‘very important’ or ‘critically important’. Yet in spite of this in another independent survey from vehicle auction company Manheim only 5% of motorists are planning to purchase winter tyres this year.

Rainer Binder CEO of Delticom, said: “The UK has experienced several extremely harsh winters in recent years and, as a result of the adverse weather, many people have found themselves stranded or unable to leave the house in their cars. Following the chaos of previous winters, it is understandable that staying mobile is very important to people.”

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*The survey was carried out by CCB fast.MAP in August 2011.