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    DEX   DE0005146807

DELTICOM AG

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Delayed Xetra  -  05/20 11:36:00 am EDT
2.980 EUR   +2.05%
05/10DELTICOM AG : Successful third virtual Annual General Meeting // Delticom publishes Q1 business development
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05/09DELTICOM AG : Preliminary announcement of the publication of quarterly reports and quarterly/interim statements
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Delticom AG: Successful sale of the majority stake in Delticom North America Inc.

01/14/2022 | 02:36pm EDT

DGAP-Ad-hoc: Delticom AG / Key word(s): Disposal
Delticom AG: Successful sale of the majority stake in Delticom North America Inc.

14-Jan-2022 / 20:33 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: Successful sale of the majority stake in Delticom North America Inc.

Hanover, 14 January 2022 - Delticom AG (German Securities Code (WKN) 514680, ISIN DE0005146807, stock exchange symbol DEX) today signed a contract for the sale of its shares in Delticom North America Inc. with Tire Capital LLC. The company will receive an amount between $ 7 million and $ 8 million for its 75 % share in the US subsidiary. The sales price is subject to customary market adjustment mechanisms. The closing of the contract is expected to take place in the second half of February and is subject to conditions which the seller considers to be largely likely to occur.

Following the successful development of a profitable e-commerce business and the establishment of the online tyre trade in the USA, the sale of Delticom's majority stake gives the US subsidiary the opportunity to further develop the business at an accelerated pace in line with local market conditions and opportunities.

Through the sale, Delticom AG strengthens both its equity base and its liquidity. In the coming years, the company will focus on expanding its market position in Europe and concentrate its investments accordingly to the European core business.

The forecast for the current fiscal year, which will be announced simultaneously with the publication of the 2021 business figures in March, will reflect the effects of the deconsolidation on revenues and earnings. The US business has been geared towards profitable growth in recent years and generates small profits.
 

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 around 600 brands and more than 40,000 tyre models for cars and motorcycles. Complete wheels and rims complete the product range. The company operates 351 online shops and online distribution platforms in 73 countries, serving more than 16 million customers.

As part of the service, the ordered products can be sent to one of Delticom's approximately 38,000 workshop 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.

In fiscal year 2020, Delticom AG generated revenues of more than 541 million euros. At the end of the corresponding year, the company employed 177 people.

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

Contact:
Delticom AG
Investor Relations
Melanie Becker
Brühlstraße 11
30169 Hannover
Phone: +49 (0)511-93634-8903
Fax: +49 (0)511-8798-9138
Email: melanie.becker@delti.com


14-Jan-2022 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: 1269140

 
End of Announcement DGAP News Service

1269140  14-Jan-2022 CET/CEST

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Sales 2022 490 M 517 M 517 M
Net income 2022 1,50 M 1,58 M 1,58 M
Net Debt 2022 41,3 M 43,6 M 43,6 M
P/E ratio 2022 29,8x
Yield 2022 -
Capitalization 44,2 M 46,6 M 46,6 M
EV / Sales 2022 0,17x
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Nbr of Employees 174
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Thomas Loock Chief Financial Officer
Alexander Gebler Chairman-Supervisory Board
Alexander Eichler Chief Operating Officer
Michael Th÷ne-Fl÷ge Vice Chairman-Supervisory Board
Karl-Otto Lang Member-Supervisory Board
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