DGAP-News
Delticom AG: Successful third virtual Annual General Meeting // Delticom publishes Q1 business development
DGAP-News: Delticom AG / Key word(s): Quarterly / Interim Statement Successful third virtual Annual General Meeting // Delticom publishes Q1 business development |
Hanover, May 10, 2022 – Today, Delticom AG (German Securities Code (WKN) 514680, ISIN DE 0005146807, stock market symbol DEX), Europe's leading online retailer for tyres and complete wheels, held its 16th Annual General Meeting. Furthermore, the company publishes the key points of its business trends in the first quarter 2022 with this interim announcement.
Due to the still ongoing corona pandemic, the Annual General Meeting was held virtually again this year. The event was broadcasted on the company’s website for all registered shareholders of Delticom AG. Shareholders had the opportunity to ask their questions in advance and were able to exercise or transfer their voting rights, among others, online.
The presence at the Annual General Meeting of Delticom AG was just under 74 % of the share capital. All items on the agenda were approved by the shareholders with a large majority.
At the Annual General Meeting, the Management Board reported on the successful completion of the restructuring process and the related completion of the operational and financial reorganisation and presented the strategic roadmap for the coming years.
Business in the first quarter 2022
Market environment. According to estimates by the European Tyre & Rubber Manufacturers' Association (ETRMA) and the German Rubber Industry Association (WdK), a total of 1.7 % fewer passenger car tyres were sold by retailers to consumers in Germany in the first three months of the current year. A decrease in business with summer tyres by 3.2 % and winter tyres by 12.6 % compared to the first three months of 2021 contrasts with an increase in business with all-season tyres by 8.6 %.