DGAP-News Delticom AG: Revenue growth of 10 %, € 6 million increase of Q1 net income
DGAP-News: Delticom AG / Key word(s): Quarter Results
Delticom AG: Revenue growth of 10 %, € 6 million increase of Q1 net income
Hanover, April 30, 2021 - Delticom AG (German Securities Code (WKN) 514680, ISIN DE0005146807, stock market symbol DEX) today publishes first selected key points of its business trends in the first quarter.
- Revenue growth of 10 %
- Positive EBITDA in the amount of € 1.1 million
- Net income € 6 million higher than in Q1 2020
- Strong business in March accompanied by a positive monthly net income
Revenues. The first quarter confirms the successful turnaround and growth process. With consolidated group revenues of € 102.2 million, an increase of 10 % was achieved during the first three months of the current year (Q1 2020: € 93.0 million). Business in March grew by a clear double-digit rate. The company attributes this development in part to the fact that the demand for replacement tyres in the corresponding month of the previous year was affected by the first appearance of the Corona pandemic in Europe, the related government containment measures and a certain degree of shock rigidity among consumers. In addition, an early Easter effect cannot be ruled out at present. With regard to the further course of the season, there is only limited visibility at this point in time. Nevertheless, the management plans to continue the profitable growth path in the second quarter.
EBITDA. EBITDA for the first three months amounted to € 1.1 million, an increase of € 6.4 million compared to the same quarter of the previous year (Q1 2020: € -5.3 million). The significant improvement compared to the previous year results from the continued stringent cost management. At € -2.4 million, net income for the first three months is € 6 million higher than in Q1 2020 (€ -8.4 million). In March, the company achieved a positive monthly net income.