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​​​​​​​Endor AG publishes nine-month figures 2021 and expects dynamic development in Q4 - Seite 2

For 2021, Endor AG expects sales below the previous year's level and a decline in EBIT compared to the previous year. In 2020, the company achieved consolidated sales of 90 million euros and EBIT of 20.7 million euros.

For the coming year, the Executive Board expects significantly higher growth rates again. Accordingly, the sales forecast for next year is again in triple digits. The condition for this is that the supply chain does not break down completely, which is currently not expected. Endor AG has a record inventory of raw material at the end of November. Additional impetus in 2022 should also be provided by the new product launches that Endor AG is planning for the new editions of the classic games GT7 and Forza Motorsport, which should result in a significant revival of the steering wheel market in 2022.


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: [phone], E-Mail: [e-mail]

Press and investor enquiries:
Anita Schneider/Frank Ostermair, Better Orange IR & HV, Phone: [phone],
E-Mail: [e-mail]

 

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30.11.2021 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.