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EQS-News: SPORTTOTAL AG / Key word(s): Annual Results
SPORTTOTAL AG reports positive operating result for the first time since strategic transformation
2024-04-25 / 12:00 CET/CEST
The issuer is solely responsible for the content of this announcement.
SPORTTOTAL AG reports positive operating result for the first time since strategic transformation
. Transformation pays off
. Revenues of EUR 45 million in the 2023 financial year
. Positive EBITDA of EUR +0.3 million in line with guidance
. Positive outlook for the 2024 financial year
Cologne, 25 April 2024. SPORTTOTAL AG reports revenue of EUR 45 million for the 2023 financial year, which is only
slightly below the previous year's revenue level. This is despite the loss of around EUR 20 million from the EVENT
business and around EUR 20 million (FIFA World Cup 2022 Qatar) from the business with the production subsidiary
Forty10, which was founded on behalf of Deutsche Telekom.
For the first time since the strategic transformation into a technology company based on artificial intelligence (AI),
a positive operating result (EBITDA) is reported, which means that SPORTTOTAL is once again in line with the issued
guidance. The successful implementation of the Formula 1 project in Qatar in the VENUES segment also contributed to the
pleasing development in 2023.
The operating result of the VENUES segment and the once again successful marketing of the ADAC TotalEnergies 24h race
at the Nürburgring resulted in an overall improvement of EUR +4 million in EBITDA. In addition, the wholly owned
subsidiary STAIDIUM US Inc., which was founded in the USA, achieved a better result than expected in its first year of
operation.
For the 2024 financial year, the Executive Board expects a further significant increase in revenue and earnings in the
DIGITAL segment, particularly as a result of the rapidly scalable streaming platform business for live sport in the
USA. The first contracts for the North American market were concluded with clubs, leagues and operators of sports
arenas in 2023. Access to the STAIDIUM US platform will be offered for a fee in the USA. STAIDIUM US will exclusively
use the fully automated camera systems based on AI developed by SPORTTOTAL for its streaming service.
A new order for a major project at SPORTTOTAL VENUES is expected for the 2024 financial year. Due to the currently
unclear timing of the order and the associated degree of realization of the 2024 project, it is difficult to predict
the revenue and operating result from this project.
For the SPORTTOTAL Group as a whole, revenue of between EUR 22 million and EUR 53 million are therefore guided for the
current financial year, with a positive operating result (EBITDA) of between EUR +0 million and EUR +9 million.

About SPORTTOTAL AG
SPORTTOTAL AG is a technology and media company on a growth path in the rapidly scalable digital business with
streaming platforms, in the high-margin international project business, as well as in the live events business. The
company, which was founded in 1979, operates high-traffic portals through sporttotal.tv in Germany and staidium.net in
the US, with strong growth for online sport videos and live streaming. The company equips sports clubs with
self-developed camera technology, which enables sports events to be transmitted live in a high quality and fully
automatically. 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 RAVENOL 24-Hour Race at the
Nürburgring. In addition, SPORTTOTAL AG operates with its Media house "FORTY10" linear TV channels and successfully
broadcasted the FIFA World Cup 2022 for MagentaTV.
To learn more about SPORTTOTAL AG, visit https://sporttotal.com/.

Contact
SPORTTOTAL AG
Am Coloneum 2
50829 Cologne
Tel.: +49 (0) 221 7 88 77 0
Email: investorrelations@sporttotal.com

2024-04-25 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
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Archive at www.eqs-news.com  
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: 1889579

End of News EQS News Service
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1889579 2024-04-25 CET/CEST

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END) Dow Jones Newswires

April 25, 2024 06:00 ET (10:00 GMT)