Borussia Dortmund (BVB)

Business description

The group operates Borussia Dortmund, a leading German football club, runners-up in the 2015/16 Bundesliga and competing in this season’s UEFA Champions League (quarter-finalists in 2015/16 UEFA Europa League).

Stock data

Market cap.€447.9m
Last close€4.87
High / Low (52 weeks)€5.9 / €3.6
Stock market listingDE
Forecast net cash (€m)43
Forecast gearing ratio (%)N/A
TeamConsumer
SectorTravel & Leisure

Price performance

%1m3m12m
Actual(14.1)14.921.1
Relative *(14.2)14.929.5

* % Relative to local index

Other companies in sector Show

Company news

Borussia Dortmund Announces Preliminary Results for the First Quarter (Q 1) of ...

Mon, 07 Nov 2016 14:48:45 GMT

Borussia Dortmund's sale of Mats Hummels to Bayern will cover losses

Tue, 10 May 2016 13:52:30 GMT

BRIEF-Borussia Dortmund says contract of CFO Thomas Tress renewed

Mon, 13 Jul 2015 13:30:00 GMT

Huawei y BVB presentan el concepto de Wi-Fi de alta velocidad para el SIGNAL ...

Fri, 14 Mar 2014 15:26:54 GMT

Borussia Dortmund seek new investors to close Bayern gap

Mon, 28 Jul 2014 08:35:10 GMT

Y/E Jun Revenue (€m) EBITDA (€m) PBT (€m) EPS (c) P/E (x) P/CF (x)
2015A 263.6 48.0 44.2 42.7 11.4 17.4
2016A 281.6 15.3 73.8 68.2 7.1 10.1
2017E 307.0 30.0 51.0 47.1 10.3 14.9
2018E 340.0 42.0 66.0 61.0 8.0 10.7

Last updated on 24/11/2016

Latest research

Giving their all

QuickView | Travel & Leisure | 08/11/2016

Warming up

Update | Travel & Leisure | 05/10/2016

Fresh start

Update | Travel & Leisure | 15/07/2016

The price of success

Update | Travel & Leisure | 11/03/2016

Meeting its goals

QuickView | Travel & Leisure | 09/11/2015

Coming into range

Update | Travel & Leisure | 22/10/2015

Tip top

Update | Travel & Leisure | 27/08/2015

Costs!

Update | Travel & Leisure | 15/07/2015

Still much to play for

Update | Travel & Leisure | 17/04/2015

Daily comment

Institutional Comment | Travel & Leisure | 26/08/2014

Game changer

Update | Travel & Leisure | 22/08/2014

Brand appeal

Update | Travel & Leisure | 10/07/2014

Investment summary

Early qualification for the Champions League knockout stage and Bundesliga triumph over Bayern Munich highlight a broadly positive start to the season after high-profile departures. Renewed strength in depth and typically attractive style of play complement escalating scope for transfer gains. In Q1 11% higher pre-transfer revenue was due primarily to Champions League TV marketing, but pre-transfer EBITDA more than halved in the face of increased labour and other operating costs. A new lucrative deal on Bundesliga media rights drives FY18 growth prospects, assuming continued Champions League. Finances remain impressively disciplined.

Last updated on 29/11/2016

Industry outlook

Unsustainable spend on wages and transfers is increasingly being penalised by new UEFA Financial Fair Play requirements. Notwithstanding a phased implementation, a 'break-even requirement' applied initially to 2012 financial statements, 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 competition, fines and a cap on wages and squad size.

Last updated on 29/11/2016

Key management

Thomas Treß, CFO

Company address

Borussia Dortmund GmbH & Co. KGaA
Rheinlanddamm 207 - 209
D-44137
Dortmund
Germany
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