DGAP-News

Endor AG with new record results in sales and earnings in the first quarter of 2022

DGAP-News: Endor AG / Key word(s): Quarter Results Endor AG with new record results in sales and earnings in the first quarter of 2022 17.05.2022 / 18:21 The issuer is solely responsible for the content of this announcement. Endor AG with new record results in sales and earnings in the first quarter of 2022 Landshut, 17 May 2022 - Endor AG, international player in the e-sports and simracing market, was able to significantly increase turnover and earnings in the first quarter, as already announced in mid-March. The supplier of high-quality input devices such as high-end steering wheels for racing simulations on game consoles and PCs was able to more than double its quarterly sales at the group level and generated 46.5 million euros (previous year: 21.9 million euros).

Thomas Jackermeier, CEO of Endor AG: "We are very pleased with the new record turnover in the first quarter, which has once again confirmed the strong business development that we have already observed in the fourth quarter of 2021. We have also received a real boost from the launch of the Gran Turismo 7 gaming software and from the fact that availability of goods has once again improved significantly. However, I would also like to point out that turnover and profit cannot be extrapolated for the year. In the first quarter, we benefited from a strong boom due to Gran Turismo. The other quarters, however, depend heavily on the supply chains, especially in China, and the availability of goods."

Experience has shown that the introduction of popular racing games provides significant additional momentum in the steering wheel business. The Gran Turismo series is popular with consumers worldwide and is considered a blockbuster in the scene. Endor AG and its Fanatec brand developed the Gran Turismo DD Pro, the first official direct drive wheel for the Gran Turismo series. Customer sales in the Group increased by over 200% in March compared to the same month last year due to the delivery of the GT DD RWP PRO product. In March alone, incoming orders of approx. 18.7 million euros were generated. The orders on hand at the end of the month amounted to 5.3 million euros.