--German Delticom Q1 2011 profit nearly flat at EUR4.2m

Internet Business News
04-19-2011
--German Delticom Q1 2011 profit nearly flat at EUR4.2m

INTERNET BUSINESS NEWS-(C)1995-2011 M2 COMMUNICATIONS

19 April 2011 - German online tyre trader Delticom (ETR:DEX) today reported a preliminary consolidated net profit of EUR4.2m (USD5.98m) for the first quarter of 2011, slightly up from EUR4m booked a year earlier.
Earnings before interest and tax (EBIT) increased by 4.6% on the year to EUR6.1m, while EBIT-margin fell to 7.2% from 7.9% registered in the first quarter of 2009.

The company's sales volume was initially weaker as compared with the prior-year period due to a lower snowfall this winter, Delticom said. In addition, this year's Easter falls in the second half of April.

The company's revenue went up 14.6% in annual terms to EUR85.4m in the first three months of 2011.

Delticom will release a detailed financial report for the first quarter on 10 May 2011.

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