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Delticom Reports Improved Q1 Profits

During the opening quarter of the current fiscal year Delticom AG enjoyed a more than 300 per cent increase in year-on-year net income, up from 0.5 million euros to 1.9 million. This growth came on the back of a 19.8 per cent increase in sales to 51 million euros. These revenues are divided up into 46.7 million euros for the company’s eCommerce segment – an increase of 21.4 per cent – and 4.3 million euros for the Wholesale segment. EBIT rose from 0.5 million euros to 2.6 million year-on-year, with a quarterly EBIT margin of 5.2 per cent.

21st May 2009/by Tyrepress Editors

Delticom Reports Strong Growth in 2008

Prominent European online tyre dealer Delticom AG reports closing its 2008 fiscal year with a record result. Despite a disappointing year for the tyre industry and for tyre retailers, Delticom’s online business model has again exhibited strong growth. The company recorded significantly increased sales in nearly all of its more than 100 online shops in 35 countries. This is reflected in year-on-year rise in revenues in each quarter. In the fourth quarter alone, revenues of 84.0 million euros were achieved, up from 69.5 million euros in the corresponding quarter of 2007. For the whole year, Delticom increased revenues year-on-year by 20.2 per cent to 259.0 million euros. With these results, Delticom hit the upper end of the revenue targets the company released at the beginning of the last year.

30th March 2009/by Tyrepress Editors

Delticom Stores Granted TÜV Shopping Seal of Approval

European online tyre retailer Delticom has expressed ‘delight’ that its online shops have been given the seal of approval by German certifier TÜV. Starting with the company’s German ReifenDirekt.de site, fifteen of Delticom’s shopping websites have been awarded TÜV S@fer Shopping status, and the company hopes this distinction will signal to customers a safer and comfortable online purchase.

There are strict requirements for the TÜV award, which is renewed every year in extensive tests. The certification focuses on a number of areas, including user-friendliness and transparency. Amongst other site qualities, TÜV requires that online customers find a clear menu navigation that allows them to complete the purchase process easily. Whether or not a site assures the protection of consumer data is another important factor taken into account.

2nd February 2009/by Tyrepress Editors

Delticom Growing in Europe Despite Weak Market Conditions

Delticom AG’s client base may grow by as much as a quarter in 2009. In an interview, company CFO Frank Schuhardt said that Delticom’s retail customer base could reach three million by the middle of the year, compared with 2.4 million at the end of September 2008. Sales at the German company for 2008 will be “in the middle” of a range of 240 million euros to 260 million euros, he added.

18th December 2008/by Tyrepress Editors

Delticom’s mytyres.co.uk Ramps up Online Service

Delticom’s British online web shop, mytyres.co.uk has integrated a new search tool, which the company believes will help consumers find the correct tyres with greater ease. The tyre search form allows online users to search for the correct tyres on the site by entering their vehicles’ number plates/registration number makes the fast and accurate selection easier.

Via this entry e-consumers can access information about their vehicles and a pre-selected list of suitable tyres. With mytyres.co.uk’s selection of tyres numbering more than 100 tyre brands and over 25,000 tyre makes, the company hopes that the search gives customers an increased convenience level and more efficient service. This has been a focus of the company’s operations, with the recent addition of a “fully-fitted” service, run in conjunction with more than 1,650 service partners currently operating in the UK.

20th November 2008/by Tyrepress Editors

Delticom Revenues up 20%

Delticom AG has reported revenues of 175 million euros in the first nine months of 2008. Preliminary figures show that by the second anniversary of its IPO (26 October 2006), the company had increased revenues by 20 per cent compared with the same time in 2007 (146 million). Preliminary third quarter revenues can in at over 53 million euros compared with 44.0 million last year.

According to the company, Delticom has acquired more than 480,000 new customers. In addition, almost 170,000 repeat customers have bought Delticom’s products in one of the 95 online shops in 35 countries. This equates to a customer base of more than 2.4 million at the end of September, up around 37 per cent year-on-year.

31st October 2008/by Tyrepress Editors

Delticom Consolidates Car Fleet with Online Portal

The leading e-Commerce tyre retailer in Europe, Delticom, has announced that it is to merge its current car fleet business with the company’s buff new online portal. The change means that trader fleet owners can now purchase tyres through user-customised settings at the e-tailer’s online presence, www.flotten24.de.

The site will allow any user wishing to buy tyres from Flotten24.de to register free; following which visitors will be able to access the site’s comprehensive web-based catalogue of tyres and accessories. In this way, car tyres, lorry tyres, light truck tyres, motorbike tyres and high-quality motor oils will be offered in the fleet shop, while a personal sales contact will give advice to fleet customers and negotiate individual fleet solutions. In addition to these services, Delticom states that a network of professional service partners – which currently numbers over 5,700 in Germany alone – is available to fit online purchases. The average delivery time, the company adds, is between 48 and 72 working hours.

29th October 2008/by Tyrepress Editors

Virtual Margins in the online tyre business

In recent years the online tyre market has swollen in size (as observed in other retailer sectors). Whilst the proportion of the total market controlled by this sector remains limited, the fact that the number of different e-tail platforms is continually proliferating means online sales could already account for as much as 3 per cent of the European replacement market. With this in mind, knowing more about how these businesses operate is of interest to everyone in the tyre trade.

The latest insight is that the average tyre offered for sale online costs consumers around £69.14, meaning the myth that ‘virtual’ margins are too thin to make business sense could be evaporating. However, the most commonly offered tyre online is characterised as a mid-range brand costing around £60. It seems making money online is all a question of business model.

30th September 2008/by Tyrepress Editors

Delticom Revamps Irish Website

Delticom has been busy of late. Not only has the company introduced all-inclusive services through its UK portal mytyres.com, the online tyre specialist has redesigned the website for its online presence in Ireland. The Irish site, eiretyres.com, has been totally refreshed with the aim of making it more customer-oriented and easier to navigate.

In addition to a clean, new design, much thought has gone into making the site’s function more user friendly and online purchasing a simpler task. An optimised, clear display of product searches helps customers find the desired product faster, and the various sorting functions help customers choose the right tyre. A leaner order process also shortens ordering times. Compact help functions support the online purchaser and provide answers to the most frequently asked questions as well as offering competent tyre advices.

26th September 2008/by Tyrepress Editors

Delticom Expands its Online Truck Tyre Offering

Delticom AG, the parent company of online tyre business such as mytyres.co.uk and reifendirekt.de, is reportedly expanding its truck tyres offering at ReifenDirekt. The product portfolio ranges from tyres for light commercial vehicles through business tyres and tyres for heavier trucks right up to special tyres – among other for tractors, forklifts and earth-moving. All well-known truck brands are available, according to the company.

Delticom’s move apparently comes in response to the downturn in the economy that has seen some consumers adapt a “savings instead of safety” policy by taking chances with tyres. Unfortunately, serious accidents involving trucks are not rare. According to statistics, provided by Delti every other truck had a fault in the previous year. In the safety tests prescribed for trucks, more than 47 per cent of the surveyed vehicles had problems, especially with the tyres.

16th September 2008/by Tyrepress Editors

mytyres.co.uk Offers Fully Fitted Option

mytyres.co.uk, the Delticom-owned leading online retailer, is now offering a fully fitted service option. The total price of the tyres includes removing the old tyre, fitting the new tyre, valve balance and disposal – all done at a “fully fitted station near you, according to the company’s website. The company is also offering tyres from as low as 20.20 with an extra discount until 10 September 2008.

5th September 2008/by Tyrepress Editors

Delticom H1 Revenues Continue Growth

Internet tyre retailer Delticom has released news that, in spite of the general market slowdown, Europe’s number one e-tailer continues its impressive record of growing revenues. The first six months of fiscal year 2008 have seen the company storm to 121.5 million euros, preliminary figures reveal, showing a proportional increase of 19.1 per cent on last year’s H1. The news displays an impressive Q2 for Delticom, having returned a 9.4 per cent rise in Q1.

Even the chilly early-spring’s assault on the summer tyre market hasn’t been able to dent Delticom’s progress because the May heat in Western Europe and sales in other regions continued to lift figures, thanks to the international nature of Delticom’s e-commerce. In fact, sales in other regions accounted for 65 per cent of H1 revenues, allowing the company headroom in markets where units could not be shifted as quickly.

31st July 2008/by Tyrepress Editors

Mytyres.co.uk Updates Site Design

Leading online tyre retailer, mytyres.co.uk, has refreshed the design and layout of its UK site. Describing the redesign as “putting customer service at the forefront” mytyres’ newsletter explained that the redesign focuses on a brand new shop layout, which is “even easier to use – and much more customer-friendly.” The mytyres e-tail portal is the UK branch German online tyre retail and wholesale company Delticom AG.

29th July 2008/by Tyrepress Editors

Delticom Promotes e-Commerce Tyre Sales

Delticom has begun to promote in earnest its e-Commerce platform in North America. Emphasising the ability of internet-based tyre shops to provide a quick, safe and cheap retail environment, the company hopes to capitalise on the rising prices of its high-street competitors.

tires-easy.com, the growing online store of Delticom is an international leader in the field, the most used in Europe, and has won many awards with largely positive customer feedback. The company believes it can save customers up to a quarter of the price they would have paid elsewhere, while the tyres can be delivered anywhere within the working week. The company has 6000 US partners, all of whom are linked on the website using a well-known internet branded map generator.

10th July 2008/by Tyrepress Editors

Delticom Results Show Strong Growth in EU Markets

Leading European tyre retailer Delticom AG has reported a 9.4 per cent year on year revenue increase in the first three months of 2008. Details of the company’s Q1 2008 performance, release May 14, point to growth in spite of what is traditionally a week time of the year for tyre sales.

Revenue during the quarter was 42.6 million euros, compared with 38.9 million in the first quarter of 2007. EBIT improved from 250,000 euros in Q1 2007 to 510,000 euros this year. At the same time, consolidated net income rose to 480,000 euros, an increase of 29.7 per cent. Regarding the figures, Delticom comments that the first quarter is traditionally the weakest in sales, and this held true in the first quarter of 2008 – unseasonably cool March weather caused many drivers in Germany and other European countries to delay the purchase of summer tyres until April.

14th May 2008/by Tyrepress Editors