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Delticom Group grows by 10 % in FY 2017 and achieves an EBITDA margin of 1.5 %
In its established core automotive business, the Delticom Group grew its revenues by almost 9 % over the full 2017 year, despite a stagnating market environment. By contrast with the previous year, the company did not implement any price increases in its online shops during fourth-quarter winter business, with the aim of further expanding its market-leading position. Despite this pricing policy and a cost rise accompanying the higher shipments volume, a solid EBITDA margin of around 2 % was achieved in the established core automotive business.
Revenues were up by more than 60 % year-on-year in the comparatively new business fields supplementing and expanding the established automotive business (mobile tyre fitting and online used car trading in France) together with efood and logistics. These fast-growing and promising business areas are still in the buildup phase, however, and burden Delticom Group results as a consequence.
Due to the aforementioned factors and negative currency effects of around € 1 million, the Delticom Group achieved an EBITDA of around € 10 million in the financial year elapsed (FY 2016: € 15 million), after a guidance of € 16 million for fiscal year 2017. The 2017 Group EBITDA margin amounts to around 1.5 % (FY 2016: 2.5 %). Based on these preliminary results, consolidated earnings of around € 1 million are expected (FY 2016: € 4.5 million). Delticom is aiming to pay a dividend for the 2017 financial year elapsed.
The company will announce its forecast for the current financial year at the latest with the publication of its 2017 annual report on March 22, 2018.
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