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    WIG1   DE000A1EMG56

SPORTTOTAL AG

(WIG1)
  Report
Delayed Quote. Delayed Xetra - 12/03 11:36:05 am
0.558 EUR   -4.78%
10/01SPORTOTTAL AG : Year-on-year improvement in result
EQ
10/01Sporttotal AG Provides Earnings Forecast for the Full Year 2021
CI
09/30SPORTTOTAL AG :
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PRESS RELEASE : SPORTOTTAL AG: Year-on-year improvement in result

10/01/2021 | 02:59am EST

DGAP-News: SPORTTOTAL AG / Key word(s): Half Year Results SPORTOTTAL AG: Year-on-year improvement in result 2021-10-01 / 08:58 The issuer is solely responsible for the content of this announcement.

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SPORTOTTAL AG: Year-on-year improvement in result

- Orders for projects in the VENUES segment

- Loss almost halved year-on-year

- Sales revenue down due to impact of COVID-19 pandemic

- Sales revenue at EUR 8.3 million, EBIT at EUR -3.7 million

Cologne, 30 September 2021. In the first half of the year, the operating business of SPORTTOTAL AG (ISIN DE000A1EMG56 / WKN A1EMG5) continued to be impacted by the negative effects of the COVID-19 pandemic and associated restrictions. No sporting events were held for several months and Porsche Experience trips had to be cancelled. As a consequence, SPORTTOTAL AG realized sale revenue of EUR 8.3 million in the first half of 2021, reflecting a further year-on-year reduction (H1 2020: EUR 12.9 million). Despite the lower level of sales revenue, the company succeeded in significantly limiting EBIT losses to a level of EUR -3.7 million (H1 2020: EUR -6.4 million). Among other factors, this was made possible by the ADAC TOTAL 24-Hour Race, which was again held as usual in the first half of the year, as well as by the consistent implementation of internal cost savings.

LIVE segment massively affected by restrictions

The LIVE segment was highly affected by the COVID-19 pandemic. Events were postponed or not held, and Porsche Experience trips were cancelled. Sales revenue reached just EUR 0.9 million (H1 2020: EUR 9.8 million), and EBIT amounted to EUR +0.1 million (H1 2020: EUR +0.2 million).

DIGITAL segment improves EBIT The DIGITAL segment realized a significant improvement in sales revenue to a level of EUR 6.4 million (H1 2020: EUR 2.8 million), particularly thanks to the staging of the ADAC TOTAL 24-Hour Race, which was held as usual in the first half of the year. In conjunction with the implementation of internal cost-saving measures, EBIT thereby improved to EUR -2.7 million (H1 2020: EUR -4.3 million).

New orders in the VENUES segment In the VENUES segment, orders were received in the first half of the year for the Formula 1 racetrack project in Jeddah, Saudi Arabia, and the equipping of a congress and exhibition centre in Bahrain with special electronics. The project in Jeddah is expected to have an impact on sales revenue and earnings as early as the end of 2021. A slightly positive trend was recorded with sales revenue of EUR 1.0 million (H1 2020: EUR 0.5 million) and EBIT of EUR -0.4 million (H1 2020: EUR -0.7 million).

Confirmation of FY 2021 guidance Provided that the relaxations of restrictions relating to events and travel in Germany remain in place, the SPORTTOTAL Group continues to expect a year-on-year higher sales revenue level along with improved EBIT.

Business picks up again in the second half of the year The SPORTTOTAL Group's business slowly gathered momentum again in the second half of the year. sporttotal.tv is once again showing live sports events on the streaming platform, and more trips and events can be organised again as part of the Porsche Experience.

The partnership with Telekom Deutschland GmbH, which was arranged in the second half of the year for the media coverage of amateur sports via the sporttotal.tv streaming platform and utilising the fully automated camera system developed by SPORTTOTAL itself, is expected to make a sustained contribution to the growth of the DIGITAL segment.

The projects in the VENUES segment are progressing to schedule and will already in part make contributions to sales revenue and earnings in the second half of the year.

About SPORTTOTAL AG: SPORTTOTAL AG (ISIN: DE000A1EMG56), headquartered in Cologne, is a technology and media company on a growth path in the rapidly scalable digital business with streaming platforms and communities, in the high-margin national and international project business, as well as in the live events business. The company, which was founded in 1979, operates a high-traffic portal through sporttotal, with strong growth for online sport videos and live streaming. The company equips sports clubs with special camera technology which enables sports events to be transmitted live in a high quality and fully automatically on sporttotal.tv. The service portfolio of SPORTTOTAL AG also comprises the technical equipping of racing circuits and sports facilities, as well as the production and marketing of sports events such as the ADAC TOTAL 24-Hour Race at the Nürburgring. In addition, SPORTTOTAL AG also produces content for prestigious companies such Porsche, Audi, Mercedes/AMG, Red Bull and VW, operates the #dabei linear TV station, and organises high-calibre live events such as the Porsche Experience.

www.sporttotal.com

Contact SPORTTOTAL AG Am Coloneum 2 50829 Cologne Tel: +49 (0) 221 7 88 77 0

Sebastian Blaschke Sebastian.blaschke@sporttotal.com

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2021-10-01 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

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Language:     English 
Company:      SPORTTOTAL AG 
              Am Coloneum 2 
              50829 Köln 
              Germany 
Phone:        +49 (0)221 7 88 77 0 
Fax:          +49 (0)221 7 88 77 199 
E-mail:       info@sporttotal.com 
Internet:     www.sporttotal.com 
ISIN:         DE000A1EMG56 
WKN:          A1EMG5 
Listed:       Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 
              Hamburg, Stuttgart, Tradegate Exchange 
EQS News ID:  1237421 
 
End of News   DGAP News Service 
=------------ 

1237421 2021-10-01

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1237421&application_name=news

(END) Dow Jones Newswires

October 01, 2021 02:58 ET (06:58 GMT)

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Financials
Sales 2020 23,2 M 26,3 M 26,3 M
Net income 2020 -13,2 M -15,0 M -15,0 M
Net Debt 2020 8,83 M 9,99 M 9,99 M
P/E ratio 2020 -1,43x
Yield 2020 -
Capitalization 17,3 M 19,5 M 19,5 M
EV / Sales 2019 0,51x
EV / Sales 2020 1,19x
Nbr of Employees -
Free-Float 85,9%
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Managers and Directors
Peter Lauterbach Chief Executive Officer
Sebastian Blaschke Senior Vice President-Finance & Administration
Christoph T÷nsgerlemann Chairman-Supervisory Board
Oliver Grodowski Chief Technology Officer
Ralf Reichert Deputy Chairman-Supervisory Board
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