German tyre retailer Delticom cuts outlook, warm weather hurts sales

Delticom AG

04/11/2014 18:28

BERLIN, Nov 4 (Reuters) - German tyre retailer Delticom 
 DEXGn.DE  has lowered its sales and profit guidance for 2014 
after warm weather in March and September affected customer 
purchasing patterns. 
    The company said many customers bought summer tyres in the 
first quarter rather than the second after a warm March and that 
a mild autumn means people have delayed purchases of winter 
tyres. 
    "The further course of business during the fourth quarter 
will depend significantly on the development of the weather in 
Europe over the coming weeks," it said in a statement late on 
Tuesday. 
    Delticom said it now expects 2014 sales of between 500 
million and 520 million euros ($653 million) and earnings before 
interest, tax, depreciation and amortisation of between 15 
million and 20 million. 
    It had previously forecast sales to rise by 10 percent to 
around 555 million euros and EBITDA to match last year's 22 
million.  
    It also reported preliminary third-quarter results on 
Tuesday with sales down 9.1 percent and EBITDA up 4.5 percent.  
 
(1 US dollar = 0.7969 euro) 
 
 (Reporting by Victoria Bryan; editing by Keiron Henderson) 
 ((victoria.bryan@thomsonreuters.com; +49 30 2888 5169; Reuters 
Messaging: victoria.bryan.thomsonreuters.com@reuters.net 
Twitter:@vl_bryan)) 
 
Keywords: DELTICOM RESULTS