Delticom AG: AGM approves dividend

preliminary figures for Q117

(PresseBox) ( Hannover, )
Delticom AG (German Securities Code (WKN) 514680, ISIN DE0005146807, stock market symbol DEX), Europe’s leading online retailer of tyres and automotive accessories as well as efood specialist and expert in the field of efficient warehouse logistics, will pay a dividend of € 0.50 per share for the 2016 financial year – unchanged compared to the previous year (2015: € 0.50).

Presence at the Annual General Meeting of Europe’s leading online retailer of tyres and automotive accessories as well as efood specialist and expert in the field of efficient warehouse logistics amounted to 81.64 % of its issued share capital. Shareholders approved all items on the agenda with large majorities. With the acquisition of the efood and logistics companies Gourmondo and DeltiTrade (formerly ES Food) and the takeover of the material assets of AutoPink, an online-dealer for used cars located in France, Delticom took important diversification steps in the closed financial year 2016 to position the company on two large markets which show great potential for the future. Shareholders will receive a dividend payout of € 0.50 per share for the 2016 financial year – unchanged compared to the previous year. In 2016, Delticom group increased revenues by 8.4 % to € 606.6 million. At € 15.1 million, earnings before interest, taxes, depreciation and amortization (EBITDA) were by € 800,000 above the previous year's value of € 14.3 million. This improvement results principally from the achieved cost savings in Marketing and reduced rent expenses for the warehouses operated by the company. Consolidated net income rose to € 4.5 million, an increase of 30 % compared to the previous year.

The first quarter 2017

"Due to spring-like weather conditions, the summer tyre business has gained considerable momentum already at the beginning of March – unlike last year, where it has only gained momentum after Easter and thus at the end of March", comments Andreas Prüfer as part of his Management Board speech the start into the summer tyre business, and adds: "According to first preliminary figures, group revenues amounted to € 125 million in the first quarter – an increase of € 20 million or 18 % compared to the previous year. Earnings before interest, taxes, depreciation and amortization (EBITDA) in Q117 are positive and exceed with that the previous year's value of € -0.4 million. Despite the positive development in the first three months, it is too early for large euphoria. Weather dependent fluctuations are not unusual in the tyre trade."

Full-year guidance confirmed

For the current business year, the management of Delticom aims for revenues in the amount of € 650 million. Although it is not possible at the present time to give a reliable statement with regard to the price development on the European replacement tyre markets, the management is planning for the Delticom group with an EBITDA of at least € 16 million.

Delticom will report about the course of business in the first three months on May 15, 2017. The related corporate news will be available for downloading from the company’s website at www.delti.com, within the "Investor Relations" area.
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