UK Markets closed AG: Group will outsource key corporate functions

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    Please try again later. AG / Key word(s): Restructure of Company/Contract AG: Group will outsource key corporate functions

27-Jul-2022 / 12:35 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement. AG (hereinafter also referred to as the "Company") and its subsidiaries (together referred to as the " Group") have today entered into an agreement with a leading provider of outsourcing services, under which key corporate functions of the Group will be outsourced to this provider in the future. This relates to key technological components, in particular the development and operation of the customer and payment platform, as well as the online sports betting product (the operation of the online casinos is currently already outsourced to service providers). In the future, the Group will focus its own services primarily on marketing and customer relationship management.
The contract volume is measured by the net gaming revenue generated from sports betting and is expected to reach a low single-digit million euro amount per year. 
On the other hand, the outsourcing will reduce internal expenses in the Group, whereby the outsourcing will, among other things, result in a reduction of the Group's own workforce by probably up to 45 people (the Group currently employs 168 active employees).
For the financial year 2022, the Management Board does not yet expect a positive effect on earnings in the Group due to the outsourcing. From the 2023 financial year onwards, the Management Board expects an annual improvement in Group EBIT of between EUR 6,000,000 and EUR 8,000,000 as a result of the outsourcing.

27-Jul-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Company: AG

Tersteegenstrasse 30

40474 Düsseldorf



+49 211 545 598 77


+49 211 545 598 78








Regulated Market in Frankfurt; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange

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