On the one hand, we are planning to cooperate with research houses, and, on the other hand, we would like to increase liquidity in the medium term through a listing in XETRA. We are also examining how useful a second listing in the USA would be in the future. In the medium to long term, an uplisting to the Regulated Market is also an option. We are already taking the necessary precautions here, such as converting our reporting to IFRS. However, this will take some time.

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

One of our great strengths is that with our three product lines (CSL, Clubsport, Podium) we offer the entire Eco-System 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 generate around 60 percent of our revenues 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 sponsorship agreements are concluded for several years, which ensures us a correspondingly successful marketing presence with increased brand awareness. Another important USP is our own e-commerce store, through which we sell our products and do not have to pass on any margin to retailers.

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

The logistics problems from that time were global in nature and impacted our company as well. The supply chain issues especially in the chip market had significantly impacted Endor AG’s business in the two years. By the end of 2022, unfortunately later than expected, the situation had gradually improved. However, a full-scale normalization was not achieved until the course of the first quarter of 2023. Currently, our inventories are filled. It is important to bear in mind that these are mainly postponements; revenues were and can now be realized for the most part with product re-availability.

Correct, for example we are renewing the entire IT infrastructure, acquiring extensive personnel, and making high investments in R&D and marketing. We are aligning the company in such a way that we will be able to handle revenues of 200 to 250 million EUR in the future without any further major adjustments.

Yes, we would like to position ourselves even more broadly in this area in the future and, in addition to production in China, are currently examining production sites in Eastern Europe, such as Romania and Hungary. 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. In this way, we also spread our risk and logistically this also has 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.

We do not expect an increase. Production in China already costs as much as in Eastern Europe. It may even be possible to reduce overall costs by taking such a step if we can also implement an increase in quality as a result.

With the CSL-DD line, we offer innovative direct drive technology at a price that is more than half that of our competitors. This is a great competitive advantage and can therefore be seen as a game changer. One reason why we can make this offer is that we sell our products exclusively through our own website, so margin remains considerably above average. We can therefore use the additional capital for research & development of new products or to offer product innovations at an even lower price.

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.

For example, the cooperation with Polyphony makes us very optimistic and, in this context, the new product launches we are planning for the launch of the racing video game GT7, such as the first official Direct Drive Wheel. Experience has shown that the launch of popular racing games adds significant momentum to the steering wheel business. The Gran Turismo series, in particular, is popular with consumers worldwide and is considered a blockbuster on the scene, as evidenced by the 2022 development.