Delticom, the Germany based parent company of the Mytyres.co.uk website, has published its semi-annual report for the first half of 2011. Revenues in the first six months of 2011 increased by 11.8% to EUR 198.3 million and EBIT by 12.6% to EUR 18.7 million. EBIT margin remains unchanged at 9.4%.  

 

Consolidated net income for the period grew from EUR 11.3 million to EUR 12.7 million. This corresponds to earnings per share (EPS) of EUR 1.08, a step-up of 13.0%. For 2011, Delticom AG’s management continues to anticipate an increase in revenues of approximately 10%, with an EBIT margin around one percent lower than in 2010.