ACCESS Newswire
13 Aug 2019, 15:55 GMT+10
Borussia Dortmund Group achieves a new revenue record without transfers and once again generates a double-digit million profit
DORTMUND, GERMANY / ACCESSWIRE / August 13, 2019 / In the past financial year 2018/2019 (1.7.2018 - 30.6.2019) the Borussia Dortmund Group achieved consolidated revenues in the amount of EUR 489.5 m. (previous year EUR 536.0 m.). Without transfers the consolidated revenues increased from EUR 313.3 m. by EUR 56.0 m. respectively 17.9% to EUR 369.3 m.
The consolidated earnings after taxes amounted to EUR 17.4 m. (previous year EUR 31.7 m.). Consolidated earnings before taxes (EBT) amounted to EUR 21.8 m. (previous year EUR 34.7 m.). Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to EUR 116.0 m. (previous year EUR 137.3 m.).
The group revenues amounted to EUR 489.5 m. (previous year EUR 536.0 m.) and spread as follows: EUR 44.7 m. (previous year EUR 42.3 m.) match operations; EUR 167.3 m. (previous year EUR 122.3 m.) TV-Rights; EUR 96.8 m. (previous year EUR 94.0 m.) advertising; EUR 120.2 m. (previous year EUR 222.7 m.) transfers; EUR 30.5 m. (previous year EUR 25.2 m.) catering conference other and EUR 30.0 m. (previous year EUR 29.5 m.) merchandise.
Gross revenue of the group amounted EUR 497.3 m. (previous year EUR 539.9 m.).
Personnel expenses of the group increased from EUR 186.7 m. (previous year) by EUR 18.4 m. to EUR 205.1 m. Depreciations of the group decreased from EUR 98.3 m. (previous year) by EUR 5.8 m. to EUR 92.5 m. Compared to the previous year the other operating expenses decreased from EUR 195.8 m. (previous year) by EUR 40.9 m. to EUR 154.9 m.
The group financial result improved from EUR -4.3 m. (previous year) by EUR 2.6 m. to EUR -1.7 m. Profit after taxes of the group in the fiscal year 2018/2019 amounted to EUR 17.4 m. (previous year EUR 31.7 m.).
The prior-year figures in the consolidated statement of comprehensive income were restated retrospectively due to the necessary change in the accounting policy applicable to agent and brokerage commissions for contract extensions and the recognition of players acquired on free transfers. This improved the prior-year consolidated net profit by EUR 3.2 m.
The above information relates to key figures from the consolidated financial statements of Borussia Dortmund calculated in accordance with the International Financial Reporting Standards (IFRS).
In view of the earning position, the management intends to recommend to the Supervisory Board that it approve the joint proposal to the 2019 Annual General Meeting that it resolve, among other things, to use the net retained profits to distribute a dividend of EUR 0.06 per share carrying dividend rights for the 2018/2019 financial year. The Supervisory Board will adopt a resolution to this effect at its meeting on 09 September 2019. However, the final decision on any distribution of net profits at Borussia Dortmund GmbH & Co. KGaA rests solely with the Annual General Meeting.
Dortmund, August 13th, 2019
Borussia Dortmund GmbH & Co. KGaA
Borussia Dortmund Geschäftsführungs-GmbH
Today Borussia Dortmund GmbH & Co. KGaA will hold an annual press conference regarding the preliminary results of the fiscal year 2018/2019 in Dortmund on 12:00 CET which can be followed real-time via LIVE-Streaming hosted at our IR website http://aktie.bvb.de/eng.
Contact:
Dr. Robin Steden
Inhouse Counsel / Investor Relations
SOURCE: Borussia Dortmund GmbH & Co. KGaA
Get a daily dose of Atlanta Leader news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Atlanta Leader.
More InformationEVERGLADES, Florida: Over the weekend, a diverse coalition of environmental activists, Native American leaders, and residents gathered...
BEIJING, China: China's national soccer team may struggle to stir excitement, but its humanoid robots are drawing cheers — and not...
]LONDON, U.K.: A World Health Organization (WHO) expert group investigating the origins of the COVID-19 pandemic released its final...
DOVER, Delaware: California Governor Gavin Newsom has taken legal aim at Fox News, accusing the network of deliberately distorting...
FRANKFURT, Germany: Germany has become the latest country to challenge Chinese AI firm DeepSeek over its data practices, as pressure...
TORONTO, Canada: Harvard University and the University of Toronto have created a backup plan to ensure Harvard graduate students continue...
NEW YORK, New York - Global stock indices closed with divergent performances on Tuesday, as investors weighed corporate earnings, central...
TORONTO, Canada: Canadian Prime Minister Mark Carney announced late on June 29 that trade negotiations with the U.S. have recommenced...
Vancouver, Canada: A high-stakes legal showdown is brewing in the world of athleisure. Lululemon, the Canadian brand known for its...
LONDON, U.K.: British oil giant Shell has denied reports that it is in talks to acquire rival oil company BP. The Wall Street Journal...
NEW YORK, New York - U.S. stock markets closed firmly in positive territory to start the week Monday, with the S&P 500 and Dow Jones...
WASHINGTON, D.C.: On Friday, President Donald Trump announced that he was halting trade discussions with Canada due to its decision...