DELTICOM AG
DGAP-Ad-hoc: Delticom AG / Key word(s): Forecast/Change in Forecast
Delticom AG: Earnings forecast for the full year 2020 raised
01-Dec-2020 / 16:36 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
*Delticom AG: Earnings forecast for the full year 2020 raised*
Hanover, December 01, 2020 - Delticom AG's management (German Securities
Code (WKN) 514680, ISIN DE0005146807, stock market symbol DEX), Europe's
leading online retailer for tyres and complete wheels, is again raising its
full-year earnings forecast today as a result of the company's good
operating performance to date in the current fourth quarter of 2020, in
particular in the field of project development. The Delticom group's EBITDA
for the full year is now regarded as achievable in a range between &euro +14
to +17 million (previous forecast: &euro +5 to +8 million). In view of the
fact that restructuring costs of around &euro 7 million are still expected
to be incurred, the operating EBITDA achievable in 2020, including the
contribution from the field of project development, will accordingly be in a
new range of &euro +21 million to +24 million (previous forecast: &euro +12
million to +15 million). As a result, Delticom AG's management believes that
it will be able to record a positive consolidated net income for the year as
a whole and thus one year earlier than planned. In terms of revenues for the
year as a whole, current planning continues to indicate that the lower end
of the forecast corridor of &euro 550 - 570 million can be achieved.
(End of Ad hoc disclosure)
*About Delticom:*
With the brand Reifendirekt, Delticom AG is the leading company in Europe
for the online distribution of tyres and complete wheels.
The product portfolio for private and business customers comprises an
unparalleled range of more than 100 brands and around 18,000 tyre models for
cars and motorcycles. Complete wheels and rims complete the product range.
The company operates 394 online shops and online distribution platforms in
73 countries, serving around 15 million customers.
As part of the service, the ordered products can be sent to one of
Delticom's approximately 39,000 service partners worldwide for mounting at
the customer's request.
Based in Hanover, Germany, the company operates primarily in Europe and the
USA and has extensive expertise in the development and operation of online
shops, internet customer acquisition, internet marketing and the
establishment of partner networks.
Since its foundation in 1999, Delticom has built up comprehensive expertise
in designing efficient and fully integrated ordering and logistics
processes. The company's own warehouses are among its most important assets.
The shares of Delticom AG have been listed in the Prime Standard of the
German Stock Exchange since October 2006 (ISIN DE0005146807).
On the internet at: www.delti.com [1]
*Contact:*
Delticom AG
Investor Relations
Melanie Gereke
Brühlstraße 11
30169 Hannover
Phone: +49 (0)511-93634-8903
Fax: +49 (0)511-8798-9138
Email: melanie.gereke@delti.com
01-Dec-2020 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: Delticom AG
Brühlstraße 11
30169 Hanover
Germany
Phone: +49 (0)511 93634 8000
Fax: +49 (0)511 8798 9138
E-mail: info@delti.com
Internet: www.delti.com
ISIN: DE0005146807
WKN: 514680
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1151923
End of Announcement DGAP News Service
1151923 01-Dec-2020 CET/CEST
1: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=da4d37af08c6b8fb95da2916e69de10b&application_id=1151923&site_id=vwd&application_name=news(END) Dow Jones Newswires
December 01, 2020 10:36 ET (15:36 GMT)
