Delticom Forecasts 21% Increase in Revenues
German based online tyre retailer Delticom AG has published its forecast for the current fiscal year 2007 as a reaction to industry figures published yesterday by the German Tyre and Vulcanisation Industry Association BRV, as well as in response to what the company calls irritations in the financial markets with regards to the course of Delticom’s business during the current fourth quarter. In this forecast, Delticom’s Managing Board forecasts revenues of 210 to 215 million euros, an increase of more than 21 per cent over the previous year (173 million euros).
Management forecasts similar growth rates for EBIT, totalling 12.0 – 12.5 million euros after 10.2 million euros in fiscal year 2006. Although the current winter tyre market as a whole has substantially lower sales in Germany compared to 2006, Delticom’s revenues in the fourth quarter will remain at around the previous year’s level, against the market trend. As a result Delticom is only marginally affected by the course of the German winter tyre business. Delticom sales in the other major European winter tyre markets are considerably higher than last year, the company reports.