On 1 September 2022, Dr Johannes Schmidt-Schultes will become chief financial officer of Delticom AG, the company behind numerous online tyre portals such as Mytyres.co.uk and Yourtyres.co.uk. He succeeds Thomas Loock, who took on this role in August 2019 but left Delticom following the company’s Annual General Meeting in May.
On 14 January, Delticom AG signed a contract for the sale of its majority shareholding in Delticom North America Inc. with Tire Capital LLC. The Hannover, Germany-based online tyre company expects to receive between US$7.5 million and $8 million for its 75 per cent stake in the US subsidiary, the sales price being subject to customary market adjustment mechanisms. Delticom anticipates a finalisation of the contract in the second half of February.
On the one hand, most sources agree that online tyre demand is booming as a result of the pandemic and its related lockdowns. However, on the other hand, such rapid growth has also led to increased competition online. One way of finding which tyre firms are getting ahead in the online space is to consider the race for pole-position in Google search results. Since Google is the by far the biggest search engine online holding a dominant 92.47 per cent global market share as of June 2021 (87.7 per cent in the UK specifically), getting your brand ahead of the competition in search results makes a big difference. And paid search advertising, known as pay-per-click (PPC) – is one way to do that. In order to get a handle on the tyre retail sector’s virtual performance in 2021, Tyres & Accessories worked with SEO marketing specialists Evolved who analysed the organic search and PPC performance of the top 23 UK-based etailers and concluded that online specialist Blackcircles is taking ground from bricks and mortar market leader Kwik Fit, amongst other things.
Online tyre and wheel retailer Delticom AG has appointed Dr Harald Blania to its Management Board. He became a board member on 14 August and will serve a fixed-term that expires at the end of 28 February 2021.
Delticom AG has appointed Alexander Eichler as the company’s Chief Operating Officer (COO) effective 1 June 2020. At the same time, Delitcom’s Susann Dörsel-Müller and the company’s Supervisory Board have agreed “by the best of mutual understanding” to terminate her current contract prematurely effective 30 June 2020.
Delticom has named the top-selling tyres sold on its sites, according to a number of different criteria. The rankings are based on Europe-wide sales from Delticom’s online B2B shops, such as Yourtyres.co.uk in the UK – across all brands and categories.
Online tyre and wheel distributor Delticom announced yesterday that Rainer Binder, the company’s co-founder and indirect major shareholder, intends to resign as chairman and member of the Delticom Supervisory Board. Binder is reportedly relinquishing this role for “personal reasons” and his resignation takes effect from 29 February.
Online tyre distributor Delticom AG has announced a number of measures aimed at returning the company to profitability. These measures already include discontinuing some businesses and may lead to an investor acquiring Delticom or a significant share of the firm.
Delticom AG has managed to maintain its gross profit level in the first half of the year despite a slight decrease in sales compared with the prior-year period. Revenues amounted to 285 million euros in the six months to 30 June 2019, 2.1 per cent less year-on-year. Gross profit was 76.9 million euros, nearly unchanged compared to the previous year; stable profits and lower sales meant that the gross margin slightly grew to 21.9 per cent (H1 2018: 21.7%).
Thomas Loock is the new chief financial officer of online tyre retailer Delticom AG. Loock begins in this role today and is initially contracted for a one-year period. He joins Delticom with more than 26 years of commercial experience.
After building up Europe’s largest online tyre retail business, Delticom AG has branched out into ‘efood’ in recent times. Late last month, the company announced a further step in this area with the signing of an agreement to acquire all shares in All you need GmbH, a wholly owned subsidiary of Deutsche Post DHL Group.
German online tyre retailer Delticom AG shares that after “settling the differences” between the company and Thierry Delesalle, it has reached “an amicable agreement” on the conditions for terminating Delesalle’s Managing Board employment contract and for his dismissal as a member of Delticom’s Managing Board.
Delticom has re-launched its Tyretest.com sites following a design facelift. The customer review-based website has also been optimised for display on mobile end devices. Tyretest.com was launched in 2000. Since then, the portal has been expanded to over 20 countries. It now has more than 600,000 tyre and product reviews in its database.
During the first half of 2018, online tyre retailer Delticom achieved revenues of 290.5 million euros, a year-on-year decrease of 2.2 per cent. EBITDA rose 36.0 per cent to 6.8 million euros and the margin increased from 1.7 per cent to 2.3 per cent. EBIT was up 16.2 per cent year-on-year to 3.2 million euros and net income increased 150.0 per cent to 2.0 million euros
Revenues at online tyre retailer Delticom amounted to 169.3 million euros in the three months to 30 June 2017, a 0.6 per cent increase on the revenues obtained in the second quarter of last year. This weak rise in sales follows a 19.9 per cent jump in revenues to 126.8 million euros in the first three months of the year; Delticom comments that sales were up in the first quarter year as the weather in March 2017 favoured an early start to the summer tyre season, pulling sales away from the second quarter. For the first half of the year, sales were up 8.0 per cent year-on-year to 297.1 million euros.