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EBIT Margin Upped by E-Tailer

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Tire e-tailer Delticom AG reports a “significant” increase in revenues and earnings during the first half of 2010, while admitting it may have to face “headwind” from a weakening consumer climate and negative base effects in the upcoming quarters.

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The company’s management board says it is now confident of achieving a higher level of profitability than initially expected for the full year.

Assuming continued positive business developments, Delticom now projects a 2010 EBIT margin of 9%, as opposed to the 8% previously projected. Management leaves its outlook for 2010 sales growth unchanged, and group revenues are expected to increase by more than 10% year-on-year. Delticom will publish its preliminary revenues and earnings for the first half-year on July 20 and the full report will be released on Aug. 10. (Tyres & Accessories)

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