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SPORTTOTAL AG, DE000A1EMG56

SPORTTOTAL AG, DE000A1EMG56

23.06.2020 - 13:35:07

SPORTTOTAL and Porsche: Letter of Intent on renewing the contract through to the end of 2022

SPORTTOTAL and Porsche: Letter of Intent on renewing the contract through to the end of 2022

- Sales potential in the LIVE segment between ?15 and 25 million a year

- Letter of Intent to renew the existing contract until the end of 2022

Cologne, 23 June 2020. SPORTTOTAL is to host the Porsche Experience in the future as well: Dr. Ing. h. c. F. Porsche AG and SPORTTOTAL EVENT GmbH, a wholly-owned subsidiary of SPORTTOTAL AG, have signed a Letter of Intent providing for a renewal of the existing contract through to the end of 2022.

Depending on the impact of the COVID-19 pandemic going forward, SPORTTOTAL EVENT GmbH anticipates it will be able to realise annual sales revenues of between ?15 and 25 million. The sustainably successful partnership with Porsche AG would therefore have been renewed at an early point in time and, as from 2021, enter into the eighth and ninth year of cooperation.

Since 2014 SPORTTOTAL EVENT GmbH has conceived and realised a total of more than 1,200 exclusive driving events for over 36,000 participants.

SPORTTOTAL AG Am Coloneum 2 50829 Cologne Germany

www.sporttotal.com Tel: +49 (0) 221_7 88 77_ 0 Fax: +49 (0) 221_7 88 77_ 199info@sporttotal.com

Investor Relations BSK Becker+Schreiner Kommunikation GmbH Tobias M. Weitzel Tel.: +49 (0)2154-8122-16sporttotal@kommunikation-bsk.de

 

23-Jun-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

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: 1076853   End of Announcement DGAP News Service

1076853  23-Jun-2020 CET/CEST

@ dgap.de