22.05.2019 12:30:02
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DGAP-News: SPORTTOTAL wins binding major contract
DGAP-News: SPORTTOTAL AG / Key word(s): Alliance Corporate News Cologne/Rio de Janeiro, May 22nd 2019. SPORTTOTAL AG has signed a binding agreement with RIO MOTORSPORTS LLC, Arlington (US), for the technical equipping of a racing track project in Rio de Janeiro (Brazil). SPORTTOTAL had already signed a preliminary agreement back in August 2018. As already announced, the anticipated order volume lies in the lower double-digit million euro range for the first construction leg of the New Rio de Janeiro Racetrack. SPORTTOTAL is expected to generate a typical double-digit EBIT margin for its VENUES (international project) business and will bear the cost of prefinancing. Work on the Rio de Janeiro racing track is expected to commence in 2019 and is scheduled for completion in 2020. SPORTTOTAL prevails in the competition against large corporations More information: www.sporttotal.com
Investor Relations
22.05.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
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: | 814489 |
End of News | DGAP News Service |
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814489 22.05.2019
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