Delticom publishes Q1 business development - Seite 3

Gross profit. Gross profit amounted to € 27.6 million in the first three months of the current fiscal year (Q1 2021: € 28.1 million). Gross profit in relation to total income amounted to 27.5 % (Q1 2021: 26.1 %). In a year-on-year comparison, excluding the US business and the earnings contribution realised in the first quarter of the current year, gross profit margin in relation to total income for the core business was 25.7 % after 26.9 % in the previous year. Part of this decrease is due to reduced earnings contributions in comparison to the previous year amounting to a total of € 0.8 million. In addition to the loss of income from the sale of land by a subsidiary, decreasing currency gains were also recorded in the first quarter of the current year.

Transportation costs. Transport costs amounted to € 7.8 million in the reporting period (Q1 2021: € 9.4 million). The decrease of 17.4 % is mainly due to the sale of the US business. In the core business, transport costs in the first quarter were almost at the previous year's level.

Personnel expenses. As of the reporting date 31.03.2022, a total of 183 people were employed in the Group (31.03.2021: 175). Personnel expenses amounted to € 3.1 million after € 3.2 million in the first quarter of 2021 (-2.0 %). In view of the large number of strategic projects, the company hired additional talents last year.

Marketing. Marketing expenses amounted to € 2.8 million in the period under review, after € 3.2 million in the previous year (-13,7 %). In the core business, the marketing expense ratio in the first three months was above the previous year at 3.1 % of revenues (Q1 2021: 2.8 %). Against the backdrop of the inflationary price environment and the weather-related delay in the start of the season, more was invested in marketing measures to promote an early start to the summer tyre season.

Warehousing. Stocking costs amounted to € 2.8 million, compared to € 2.1 million in the same period of the previous year. The increase of 32.4 % is mainly due to a higher volume of incoming goods compared to the previous year as a result of early stocking for the summer tyre business.