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