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Endor AG presents strong revenue and earnings figures for the first half of 2022

DGAP-News: Endor AG / Key word(s): Half Year Report Endor AG presents strong revenue and earnings figures for the first half of 2022  19.08.2022 / 09:39 The issuer is solely responsible for the content of this announcement. Endor AG presents strong revenue and earnings figures for the first half of 2022

• Group turnover increased by 124 percent to 79.3 million euros
• Group EBIT reaches 17.7 million euros after 2.6 million euros in the previous year
• EBIT margin of 22 percent after 7 percent in the previous year
• Forecast for the current business year confirmed

Landshut, 19 August 2022 - Endor AG today published its business figures for the first half of 2022. The developer of high-quality input devices such as high-end steering wheels and pedals in the simracing market achieved a turnover of 79.3 million euros. This corresponds to a doubling, or an increase of 124 percent compared to the previous year's value of 35.4 million euros.

The biggest boost came from rising sales in connection with the SONY launch of the game software "Gran Turismo 7" and thanks to the significantly improved availability of goods. Endor AG benefited from the fact that it developed the first official direct drive wheel for the Gran Turismo series with its Fanatec brand, the Gran Turismo DD Pro.

Thomas Jackermeier, CEO of Endor AG: "We are very happy about the business development in the first half of the year. It is also particularly positive that the recent structural adjustment to the strong growth course has largely been completed, which stabilised our cost base."

Due to the structural adjustment made at that time, the company still recorded a temporarily weaker result in the first half of 2021. In the first half of 2022, however, the result rose sharply. The group EBIT (operating result) reached 17.7 million euros after 2.6 million euros in the previous year. An increase of 567 per cent. The EBIT margin was 22 percent after 7 percent in the previous year.