29.03.2018
SPORTTOTAL AG DE000A1EMG56
DGAP-News: SPORTTOTAL AG: SPORTTOTAL AG hits revenues and earnings targets
DGAP-News: SPORTTOTAL AG / Key word(s): Final Results
SPORTTOTAL AG: SPORTTOTAL AG hits revenues and earnings targets
29.03.2018 / 09:05
The issuer is solely responsible for the content of this announcement.
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Corporate news
SPORTTOTAL AG hits revenues and earnings targets
- sporttotal.tv plans to add more types of sport
- Company drives internationalization strategy forward
- Revenues set to increase by over two-thirds by 2020
- EBIT margin of over 10% targeted
Düsseldorf/Cologne, March 29, 2018. SPORTTOTAL AG achieved its revenues and
earnings targets for the 2017 financial year and confirmed its medium-term
growth guidance. Revenues are to increase by more than two-thirds by 2020,
rising to over EUR 100 million, with an EBIT margin of over 10%. In 2017,
the company posted EBIT of EUR 1.5 million (2016: EUR -6.2 million) - of
which EUR 0.3 million came from operating business and EUR 1.2 million from
earnings from divested operations - with revenues coming in at EUR 60.3
million (2016: EUR 59.6 million). In the continued operations, revenues rose
from EUR 50.8 million to EUR 55.7 million and EBIT climbed from EUR -3.6
million to EUR +0.5 million. Equity capital increased from EUR 7.5 million
to EUR 19.2 million after two successful equity capital increases and the
equity capital ratio came in at 55.9% (2016: 33.9%). The full financial
report published today can be viewed via the following link:
http://www.sporttotal.com/wp-content/uploads/2018/03/SPORTTOTAL-AG_Geschäftsbericht-2017.pdf.
Business areas enable strong growth on solid footing
CEO Peter Lauterbach remarked: "We have divested all operations where we
didn't believe we were the best owner. We have also developed a new business
model which has significantly increased SPORTTOTAL's value and will continue
to do so in future. We've performed extremely well in terms of revenues and
earnings in a year of transformation." Following the transformation last
year, the SPORTTOTAL Group is a technology and media company operating in
the rapidly scalable digital business with video platforms and communities
(DIGITAL), in the high-margin national and international project business
(VENUES) and in the live events business (LIVE). All business areas are
profitable. "Our DIGITAL business with sporttotal.tv provides enormous
growth opportunities with extremely attractive margins and highly
predictable cash inflows over long periods. In 2018, we aim to use
sporttotal.tv as the basis for expansion into other types of sport and to
drive forward our internationalization strategy," underlined Lauterbach. The
company will invest heavily in launching various pilot projects and carrying
out tests. SPORTTOTAL AG is seeking to establish itself as the largest video
platform for amateur sport in Europe through sporttotal.tv - including
supplementary features (analytics), interactive functions and a continually
growing community. SPORTTOTAL possesses unique expertise in the VENUES
sector - a project business with low fixed costs and very attractive
margins. SPORTTOTAL continues to win invitations to tender against large
international groups. The LIVE business provides secure, predictable
revenues. Even though the returns and net earnings achievable in this area
are negligible, it remains attractive due to the extremely low capital
intensity and low risk. Return on investment is considerable in this sector.
"Thanks to its new structure, SPORTTOTAL combines rapidly scalable revenues
and earnings with high fixed cost degression and structurally profitable and
predictable revenues and earnings," indicated Lauterbach.
Guidance - management aims to achieve strong growth in revenues and earnings
SPORTTOTAL anticipates revenues of EUR 50 to 70 million and an EBIT of
between EUR -3 million and EUR 3 million for the 2018 financial year. The
revenues from operations which have now been divested (EUR 14 million in
2017) should be offset by organic growth. On one hand, the range is
explained by the special characteristics of the international project
business. The large-scale Nalschik project planned for 2018 has been secured
on a pre-contract basis. There is nevertheless uncertainty here - as with
the other projects at the stage of promising negotiations - with regard to
the scheduling of the final conclusion of contract and, consequently, the
earliest possible start date for project work. The nature and scope of the
project work which could be implemented in 2018 and its expected impact on
the Group's earnings cannot be assessed definitively even where negotiations
are at an advanced stage (as in the case of the Nalschik project). On the
other hand, sporttotal.tv gmbh, which has tremendous potential, will
continue to focus on developing range, additional features and monetization
in 2018. It may be expedient to accept short-term expenses here to ensure
the value of the company increases over the long-term. The anticipated
fundamental and long-term increase in value is the decisive factor for the
management. In light of this, there are greater ranges than usual for both
revenues and EBIT. For 2019, the management currently anticipates revenues
of EUR 70 to 80 million with an EBIT margin of 7 to 9%. The EUR 100 million
revenues threshold is set to be exceeded in 2020 from a current perspective
- with an EBIT margin of at least 10%. Considering the enormous market
potential, particularly in the DIGITAL sector, this estimate is conservative
in the management's view.
About SPORTTOTAL AG:
SPORTTOTAL AG (ISIN: DE000A1EMG56), headquartered in Cologne, is a
technology and media company that is achieving growth in the rapidly
scalable digital sector with video platforms and communities (DIGITAL), in
the high-margin national and international project business (VENUES) and in
the live events business (LIVE). The company founded in 1979 operates a
well-used, strong-growth portal for online sport videos and live streaming
called sporttotal.tv. The company provides amateur clubs with special video
technology that enables sporting events to be broadcast live on
"sporttotal.tv" in high quality and on a fully automated basis. SPORTTOTAL
AG's service portfolio also includes technical equipment for race tracks and
sports venues as well as the production and marketing of sporting events,
such as the ADAC Zurich 24-hour race at the Nürburgring. SPORTTOTAL AG also
produces content for leading companies, such as Porsche, Audi, Mercedes/AMG,
Red Bull, VW and Deutsche Post AG and organizes high-quality live events,
such as the Porsche Experience.
Further information can be found at: www.sporttotal.com
SPORTTOTAL AG
Am Coloneum 2
50829 Cologne
www.sporttotal.com
Tel.: +49 (0) 221_7 88 77_ 0
Fax: +49 (0) 221_7 88 77_ 199
[email protected]
Investor Relations
BSK Becker+Schreiner Kommunikation GmbH
Tobias M. Weitzel
Tel.: +49 (0) 177_7 21 57 60
[email protected]
Contact:
Company:
SPORTTOTAL AG
Am Coloneum 2
50829 Köln
Germany
www.sporttotal.com
Tel: +49 [0] 221_7 88 77_ 0
Fax: +49 [0] 221_7 88 77_ 199 Email: [email protected]
Investor Relations:
BSK Becker+Schreiner Kommunikation GmbH
Tobias M. Weitzel
Tel.: +49 [0] 2154_ 81 22 16
Email: [email protected]
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29.03.2018 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.
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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: [email protected]
Internet: www.sporttotal.com
ISIN: DE000A1EMG56
WKN: A1EMG5
Listed: Regulated Market in Frankfurt (General Standard);
Regulated Unofficial Market in Berlin, Dusseldorf,
Stuttgart, Tradegate Exchange
End of News DGAP News Service
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