18.05.2021 Endor AG  DE0005491666

DGAP-News: ​​​​​​​Endor AG: Doubling of sales in the first quarter of 2021


 

DGAP-News: Endor AG / Key word(s): Quarter Results
​​​​​​​Endor AG: Doubling of sales in the first quarter of 2021

18.05.2021 / 20:29
The issuer is solely responsible for the content of this announcement.


Endor AG: Doubling of sales in the first quarter of 2021

Landshut, 18 May 2021 - Endor AG, an international player in the e-sports and simracing market, significantly increased its sales and earnings in the first quarter. The supplier of high-quality input devices such as high-end steering wheels for racing simulations on game consoles and PCs was able to almost double sales at group level and achieved 21.9 million euros (previous year: 11.9 million euros).

Thomas Jackermeier, CEO of Endor AG: "Last year, simracing once again experienced a huge surge in popularity. This is also since the big racing series like F1, NASCAR or WRC were held virtually, as no or only very limited real races were possible. This has allowed us to reach an audience of millions and this has further fuelled the already soaring popularity and fan base of simracing. We have also felt this strong demand in the first quarter of 2021 and are convinced that this effect is sustainable."

On the earnings side, Endor Group posted EBIT of €3.9 million in the first quarter, up from €2.8 million a year earlier, resulting in an EBIT margin of 18 per cent, down from 24 per cent a year earlier. In addition to a largely proportional increase in cost of sales, Endor is investing significantly in marketing in 2021. One example is the expansion of the existing partnership with SRO Motorsports Group. The Fanatec brand will become a multi-year sponsor of the renowned Fanatec GT World Challenge and the new Fanatec GT2 Euro-pean Series.

András Semsey, CFO of Endor AG: "The sponsorship of the real GT racing series and the extensive cooperation in e-sports with the organiser SRO are the largest marketing investments in the history of Endor, but it gives us the opportunity to make the Fanatec brand even better known in motorsports worldwide and, according to our forecasts, this will be reflected in increasing sales in the long term."

For the second quarter, the company expects sales development to be down on the same quarter of the previous year. This is due to the updating and expansion of the product range, the actively driven renewal of inventory and the extraordinarily successful Q2 2020.

The Executive Board is optimistic for the second half of 2021. One of the main reasons for this is that the recently introduced new product CSL DD has met with a very positive response. The product is considered a game changer and will enable Endor AG to once again significantly expand its market share, especially in the medium price range.

The quarterly statement is available at the following link: https://endor.ag/investor-relations/


About Endor AG www.endor.ag

Endor AG develops and markets high-quality input devices such as high-end steering wheels and pedals for racing simulations on game consoles and PCs as well as driving school simulators. As a "brain factory", the company's focus is on the creative sector. Endor carries out product development and prototype construction under its own direction and together with specialized technology partners, primarily in Germany ("German engineering"). The products are mainly produced in Asia.

Endor sells its products under the FANATEC brand via e-commerce primarily to end customers in Europe, USA, Canada, Australia and Japan. Endor also sells driving school simulators in cooperation with Vogel Verlag. Endor AG, headquartered in Landshut, was founded in 1997 and currently employs 165 people. Within the group, 206 people work for Endor worldwide, including freelancers. In 2020, the company generated a consolidated turnover of 90 million euros according to preliminary figures.

Contact:

Endor AG, Investor Relations, Phone: +49(0)871-9221 222, E-Mail: [email protected]

Press and investor enquiries:
Anita Schneider/Frank Ostermair, Better Orange IR & HV, Phone: +49(0)89-8896906 17,
E-Mail: [email protected]



18.05.2021 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: Endor AG
E.ON-Allee 3
84036 Landshut
Germany
Phone: +49-(0)871-9221-122
Fax: +49-(0)871-9221-221
E-mail: [email protected]
Internet: www.endor.ag
ISIN: DE0005491666
WKN: 549166
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart
EQS News ID: 1198067

 
End of News DGAP News Service

1198067  18.05.2021 

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Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 18,43 22,10 38,84 90,23 81,31 119,19 104,50
EBITDA1,2 2,60 2,04 7,92 14,11 8,69 21,40 -13,50
EBITDA-Marge3 14,11 9,23 20,39 15,64 10,69 17,95
EBIT1,4 1,99 1,29 6,77 20,67 6,56 4,99 -16,20
EBIT-Marge5 10,80 5,84 17,43 22,91 8,07 4,19 -15,50
Jahresüberschuss1 1,54 0,92 4,17 12,44 3,11 3,76 -20,90
Netto-Marge6 8,36 4,16 10,74 13,79 3,83 3,15 -20,00
Cashflow1,7 2,58 1,76 5,33 5,91 4,09 -16,47 -18,00
Ergebnis je Aktie8 0,11 0,06 0,27 0,80 0,20 0,24 -1,35
Dividende8 0,00 0,00 0,00 0,50 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2022 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: RSM Ebner Stolz

INVESTOR-INFORMATIONEN
©boersengefluester.de
Endor
WKN Kurs in € Einschätzung Börsenwert in Mio. €
549166 2,600 Halten 40,29
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
7,22 17,12 0,53 11,82
KBV KCV KUV EV/EBITDA
1,97 - 0,34 5,61
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
0,00 0,00 0,00 25.10.2023
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
05.05.2023 31.08.2023 30.11.2023 14.09.2023
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-40,65% -54,27% -61,76% -80,45%
    
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Elektrotechnik , 549166 , E2N , MUN:E2N