EANS-News: Delticom AG publishes Semi-Annual Report 2012

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6-month report

Hanover (euro adhoc) - 09 August 2012 - Delticom (German Securities
Code (WKN) 514680, ISIN DE0005146807, stock market symbol DEX),
Europe's leading online tyre dealer, has published its semi-annual
report 2012 today. In a challenging environment H1 12 group revenues
declined by 2.5 % to EUR 193.3 million (H1 11: EUR 198.3 million).

Primarily due to higher personnel costs and rents for the large scale
warehouse opened in Q2 11 EBIT in the reporting period decreased by
29.2 % to EUR 13.2 million (H1 11: EUR 18.7 million). This translates
into an EBIT margin (EBIT in percent of revenues) of 6.9 % (H1 11:
9.4 %).

Consolidated net income totalled EUR 8.8 million after EUR 12.7
million the year before. This corresponds to earnings per share (EPS)
of EUR 0.74 (undiluted, H1 11: EUR 1.08), a decline of 31.1%.

Despite difficult market conditions Delticom was able to cut back
summer tyre stocks significantly. As a result, the company currently
holds fewer summer tyres on stock than in the preceding years. Since
the beginning of the year, working capital grew by just EUR 1.0
million or 2.2 % to EUR 45.4 million (31.12.2011: EUR 44.4 million).
In the corresponding prior-year period the increase in working
capital value had amounted to EUR 42.7 million. In light of the
positive development in net working capital the cash flow from
ordinary business activities (operating cash flow) for the period
under review was significantly better than last year, at EUR -0.5
million (H1 11: EUR -30.2 million).

Business has lagged behind expectations so far this year. The
Management has therefore decided to reduce the growth target for
full-year revenues to +5 %. EBIT margins above 9 % are attainable
only in the event of very favourable winter weather, as the higher
fixed costs will continue to burden earnings in the second half of
the year.

The complete report for the first six months of 2012 can be
downloaded from the website www.delti.com within the "Investor
Relations" area.

Company Profile: Delticom, Europe's leading online tyre retailer, was
founded in Hanover in 1999. With more than 100 online shops in 41
countries, the company offers its private and business customers an
unequalled assortment of excellently priced car tyres, motorcycle
tyres, bicycle tyres, truck tyres, bus tyres, special tyres, rims,
complete wheels (pre-mounted tyres on rims), selected replacement car
parts and accessories, motor oil and batteries. The independent
website reifentest.com contains impartial information about tyre
tests and helps the customers choose from more than 100 tyre brands
and more than 25,000 tyre models. Delticom delivers either directly
to the customer's home address, or to one of more than 30,000 service
partners - affiliated garages which take delivery of tyres and then
install these on the customer's vehicle. Delticom's Wholesale
division also sells tyres to wholesalers domestically and abroad.

On the Internet at: www.delti.com

Selected online shops: www.reifendirekt.de, www.123pneus.fr,
www.mytyres.co.uk, www.reifendirekt.ch

Further inquiry note:
Delticom AG Investor Relations
Melanie Gereke
Brühlstraße 11
30169 Hannover
Tel.: +49 (0)511-936 34-8903
Fax: +49 (0)89-208081147
e-mail: melanie.gereke@delti.com

end of announcement euro adhoc
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company: Delticom AG
Brühlstraße 11
D-30169 Hannover
phone: +49 (0)511 93634 8903
FAX: +49 (0)511 336116 55
mail: info@delti.com
WWW: http://www.delti.com
sector: Electronic Commerce
ISIN: DE0005146807
indexes: SDAX, CDAX, Classic All Share, Prime All Share
stockmarkets: free trade: Berlin, München, Düsseldorf, Stuttgart, regulated
dealing/prime standard: Frankfurt
language: English