Delticom Group grows by 10 % in FY 2017 and achieves an EBITDA margin of 1.5 %

(PresseBox) ( Hanover, )
Delticom AG, (WKN 514680, ISIN DE0005146807, ticker 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, achieved based on preliminary results revenues of around € 667 million in the financial year elapsed, thereby exceeding its original revenues forecast of € 650 million. While 8.5 % revenues growth was achieved in the first nine months of 2017, Delticom increased its consolidated revenues by more than 13 % in the final quarter (Q4 2016: +3.9 %).

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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