The initial restrictions have indeed supported consumers’ enthusiasm for gaming and also their willingness to invest in steering wheels and other equipment. However, our growth is definitely not solely attributable to this. Simracing got its biggest boost in popularity from the virtual competitions of the major racing series F1, NASCAR, WRC, etc. with real racers replacing the real races. This has allowed us to reach an audience of millions via TV and this has further fueled the already soaring popularity of simracing.

We expect consolidated sales in the triple-digit millions for the first time in fiscal 2021, with profits rising at the same time. Our Fanatec brand is now known worldwide as the market leader and we are therefore benefiting most from the boom. In addition, we are currently introducing a new generation of products with which we are currently vastly superior to the competition in terms of both function and price. We expect this to enable us to significantly increase our market share in the mid-price range and retain more customers for our Eco system.

If we offer lower-priced products, this will also have a slightly declining effect on the gross margin. On the other hand, however, it must be considered that we also have lower costs in the lower price range, so we do not expect a significant effect here. We would also like to emphasize that we are still very strong in the high-end segment and are continuously expanding our market share here as well.

On the one hand, we plan to cooperate with research houses. We also want to increase liquidity through an additional XETRA listing. In addition, we are currently examining how useful a secondary listing in the USA would be. In the medium to long term, uplisting to the Regulated Market is also an option. We are already taking the necessary precautions here, such as preparing reports in accordance with IFRS. However, this will still take some time.

Although we cannot make any concrete promises at this stage, our aim is to pay a dividend in the long term and thus allow our shareholders to participate in the success of the company in this way as well.

Endor AG is also affected by this, although to a much lesser extent than the automotive industry, for example. In addition, we have already made provisions and therefore do not expect a bottleneck in the current year 2021. We continuously monitor the market very closely and plan very far in advance to be able to respond to changing market conditions at an early stage.

One of our great strengths is that with our three product lines (CSL, Clubsport, Podium) we offer the entire ecosystem and the products are fully compatible with each other. Our high repurchase rate is a clear sign of our very good quality and customer loyalty. We now generate 60 percent of our sales with existing customers. . Our know-how is also very special and not easily transferable. We have already gathered the best in the industry around us. Our sponsoring contracts are also concluded for several years, which ensure us a correspondingly successful marketing presence and increased awareness. Another important USP is our own e-commerce store, through which we sell our products and do not have to pass on any additional margin to retailers.

From a liquidity point of view, we are already in a very comfortable situation and have around one million euros in free liquid funds. In addition, we have an unused credit line of 22 million euros and a further credit line of 7 million euros in prospect.

We have deliberately separated the Fanatec brand name from Endor AG, i.e. we are generally open to incorporating the know-how we have acquired to date in other segments, for example the area of interactive home training would be very exciting, even if we do not have any concrete plans for this at the moment.

The logistics problems are global in nature and impact our company, which is why we expect disruptions to continue into Q3 2021. In Q4 2021, we believe the situation should gradually ease. In addition, we are working at full speed on new solutions such as direct shipping of goods to customers via UPS and DHL. However, we do not expect a full normalization until 2022. It is important to bear in mind that this is a postponement, so sales will not cease, but will probably be realized in 2022.

Correct, we have, for example, renewed the entire IT infrastructure, acquired extensive personnel, and made major investments in R&D and marketing. We are aligning the company in such a way that we will be able to handle sales of 200 to 250 million euros in the future without any further adjustments.

Yes, we want to be more prepared in this area in the future and are currently examining production sites in Eastern Europe, such as Romania and Hungary, in addition to production in China. On the one hand, this has the advantage that we are closer to production and, on the other hand, we are increasingly using robots and machines for production, an area in which Eastern Europe can now keep up well with China. We are also spreading our risk in this way and logistically this would also have advantages. In addition, we want to change the current shipping from our warehouse in China and start more frequent and therefore smaller shipments to react more flexibly in the future.