The group operates Borussia Dortmund, a leading football club, placed second in the Bundesliga in 2022/23, DFB Super Cup winners in 2019/20 and DFB-Pokal winners in 2020/21. The club has qualified for the Champions League in 12 of the last 13 seasons.
Unsustainable spend on wages and transfers is increasingly being penalised by UEFA Financial Fair Play requirements. A ‘break-even requirement’ obliges clubs to spend no more than they generate over a rolling three-year period. Sanctions vary from a warning to a ban from UEFA competitions, fines and a cap on wages and squad size.
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Hans-Joachim Watzke
CEO
Thomas Treß
CFO
Forecast net debt (€m)
0.8
% | 1M | 3M | 12M |
---|---|---|---|
Actual | (9.9) | (13.6) | (13.8) |
Relative | (8.1) | (19.0) | (30.4) |
52 week high/low | €4.2/€3.1 |
Borussia Dortmund’s headline FY24 figures showed the highest revenue in its history, primarily due to the success of reaching the final of the Champions League, which translated to a significant increase in net profit to €44.3m in FY24 from €9.6m in FY23.
Y/E Jun | Revenue (€m) | EBITDA (€m) | PBT (€m) | EPS (fd) (c) | P/E (x) | P/CF (x) |
---|---|---|---|---|---|---|
2023A | 418.2 | 123.2 | 104.1 | 63.4 | 5.0 | 3.0 |
2024A | 509.1 | 143.3 | 132.4 | 82.0 | 3.8 | 2.5 |
2025E | 456.8 | 121.3 | 111.5 | 67.9 | 4.6 | 2.8 |
2026E | N/A | N/A | N/A | N/A | N/A | N/A |