05.09.2017 10:09:56

DGAP-News: SPORTTOTAL AG

DGAP-News: SPORTTOTAL AG raises EBIT by EUR 1.35 million

DGAP-News: SPORTTOTAL AG / Key word(s): Half Year Results
SPORTTOTAL AG raises EBIT by EUR 1.35 million

05.09.2017 / 10:09
The issuer is solely responsible for the content of this announcement.


SPORTTOTAL AG raises EBIT by EUR 1.35 million

- Result virtually at breakeven at mid-year

- Guidance affirmed: EBIT to increase to EUR 1.5 million in 2017

- New structure to already turn a profit in the first year

Cologne, 5 September 2017. SPORTTOTAL AG (formerly _wige MEDIA AG) achieved virtually breakeven results in the first half of 2017 and affirms its guidance for 2017. Over the past twelve months the company has concentrated fully on the rapidly scalable digital business with video platforms and communities such as sporttotal.tv, on the high-margin international project business, as well as on the live events business. SPORTTOTAL AG has disposed of low margin or low growth operations. With a stable revenue volume of around EUR 27 million, the company has improved EBIT by EUR 1.35 million to EUR -0.04 million. The operating result had therefore almost reached breakeven by the end of the first six months. In view of this development, the Management Board affirms its guidance for revenues of approximately EUR 60 million and EBIT of EUR 1.5 million. "This is already clear evidence that we will be turning a good profit in the first year of our new structure," emphasised CEO Peter Lauterbach. In the medium term, the Management Board envisages revenues of more than EUR100 million and an EBIT margin of over 10 percent. The full report on the first half year has been published here.

sporttotal.tv is to become Europe's leading sports video platform.

sporttotal.tv, the new sport video platform, is to make a significant contribution to the planned impetus for growth: Fielding a special camera technology which SPORTTOTAL AG has secured exclusively for itself, sporttotal.tv is able to fully automatically record sports events and make them available to fans free of charge via web TV or the basic version of the "sporttotal.tv" app. During live transmission, users can also take on the role of director by moving the 180-degree image across the pitch, selecting areas of the pitch by way of the zoom function, or selecting individual players to take a closer look. Highlights of the game can be shared across social networks. Following the successful conclusion of the pilot phase, sporttotal.tv entered into an exclusive 10-year contract with the German Football Association (DFB) to which all 21 national and five regional associations belong. An important part of the partnership is the cooperation with FUSSBALL.de, one of the largest amateur sport platforms in the world with more than three billion page impressions a year and a decisive reach multiplier for sporttotal.tv. The installation and operation of sporttotal.tv is free for the clubs. After a one-year launch phase, the clubs' membership of sporttotal.tv (EUR 9.90 a month) will entitle them to participate in advertising revenue of 10 percent of all in-video proceeds. sporttotal.tv is the video platform with the greatest reach for German amateur football by a long way and therefore very attractive to advertising partners: sporttotal.tv has signed a long-term contract with Hyundai as its automotive partner, for example. SPORTTOTAL AG is excellently positioned with Allianz Deutschland AG, BILD, Deutsche Post AG and Telekom Deutschland as its partners as well as with Microsoft's support to promote its development. As CEO Peter Lauterbach states: "We have ambitious goals: We want to make sporttotal.tv Europe's leading digital sports video platform."

 

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 video platforms and communities (DIGITAL) in the high-margin national and international project business (VENUES), as well as in the live events business (LIVE). The company, which was founded in 1979, operates a high-traffic portal with strong growth for online sport videos and live streaming. The company equips amateur football clubs with special video technology which enables sports events to be transmitted live in a high quality and fully automatically using the new "sporttotal.tv" platform. SPORTTOTAL AG's service portfolio 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 Zurich 24-Hour Race at the Nürburgring. In addition, SPORTTOTAL AG also produces content for prestigious companies such as Porsche, Audi, Mercedes/AMG, Red Bull, VW and Deutsche Post AG and organises high-calibre live events such as the Porsche Driving Experience.

More information: www.sporttotal.com

SPORTTOTAL AG
Am Coloneum 2
50829 Cologne
Germany
www.sporttotal.com
Tel.: +49 (0)221_7 88 77_ 0
Fax: +49 (0)221_7 88 77_ 199
info@sporttotal.com

Investor Relations
BSK Becker+Schreiner Kommunikation GmbH
Tobias M. Weitzel
Tel.: +49 (0)177_7 21 57 60
weitzel@kommunikation-bsk.de



05.09.2017 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.
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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, Stuttgart, Tradegate Exchange

 
End of News DGAP News Service

606831  05.09.2017 

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