World News: 09:50 GMT Tuesday 28th August 2018. [EQS Group via SPi World News]
DGAP-News: SPORTTOTAL AG / Key word(s): Half Year Results
SPORTTOTAL AG focusing on international expansion with sporttotal.tv
- Revenues in the first half year at EUR23.9 million, EBITDA at EUR-2.8 million
- The number of cameras to be raised by 50 percent to 450 in the second half year
- New infrastructure projects already provide a strong basis for revenues in 2019
Cologne, August 28, 2018. According to preliminary figures, SPORTTOTAL AG achieved revenues of EUR23.9 million in the first half of the year (H1 2017, continued operations: EUR26.7 million) and EBITDA of EUR-2.8 million (H1 2017 continued operations: EUR+0.2 million). As already announced, an infrastructure project anticipated was booked at a later date than originally expected. In the meantime, however, a preliminary agreement for a major race track project in Brazil (volume in the lower double-digit million range) as well as a contract for a racing track in St. Petersburg (volume in the mid-single-digit million range) have been signed. These projects essentially provide a sound basis for revenues in fiscal 2019. A significant part of the infrastructure project in St. Petersburg is expected to be recognized in revenues and profit in 2018. In line with its revised guidance for the full year, SPORTTOTAL continues to anticipate revenues in a range of between EUR42 and 56 million and EBIT of EUR-3 to -8.2 million.
VENUES: Sights set on more large infrastructure projects
LIVE: on track
SPORTTOTAL AG (ISIN: 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 Porsche, Audi, Mercedes/AMG, Red Bull, VW and Deutsche Post AG and organises high-calibre live events such as the Porsche Experience.
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|End of News||DGAP News Service|
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