Company Name: Borussia Dortmund GmbH & Co KGaA ISIN: DE0005493092   Reason for the research: Update Recommendation: Buy from: 11.11.2024 Target price: EUR 5.50 Target price on sight of: 12 months Last rating change: Analyst: Philipp Sennewald Q1p: Improved top-line but reduced transfer income; chg. Q1 sales increased by 4.9 [ … ]

Third final in club history guarantees extra profit / chg. On Tuesday, BVB visited Paris St. Germain for the second leg of the UEFA Champions League semifinal. Thanks to a 1-0 victory, the team managed to advance to the final for the first time since 2013. With this, the club can now expect additional UEFA prize money payments of at least &euro [ … ]

First semifinal since 11 years secures € 12.5m extra profit / chg. By winning Tuesday night's match against Atletico Madrid, Borussia Dortmund has secured a spot in the UEFA Champions League semifinals for the first time since 2013. With this advancement, the club can now anticipate additional UEFA prize money payments of at least € 1 [ … ]

A big step towards UCL 24/25 as UEFA discloses prize money On Saturday BVB ended a long drought as the team won away at Bayern Munich (2-0) for the first time in ten years. Moreover, as Leipzig did not manage to beat Mainz (1-1), BVB extended the gap to 5th place to three points. Although 5th place might be sufficient to qualify for the 24/25 U [ … ]

RS feedback: New formats offering upside / chg. Last week, we hosted a digital roadshow with BVB CFO Thomas Treß, which underpinned our view that the club is set to benefit from several structural changes going forward. The main takeaways: Bundesliga broadcasting rights: In Q2, the German Football League (DFL) is starting to market the  [ … ]

Qualification for FIFA CWC 25 provides earnings upside for BVB Following RB Leipzig´s UEFA Champions League (UCL) exit against Real Madrid last week Borussia Dortmund is now officially qualified for FIFA Club World Cup 2025. The recently founded FIFA Club World Cup (CWC), which will be held in a four-year rhythm, will take place from Ju [ … ]

Strong Q2: A beat on all lines / chg. est. Borussia Dortmund released Q2 prelims, which came in significantly ahead of our estimates. In detail: Q2 sales increased by 32.7% yoy, to € 154m (eNuW: € 131m), which was mainly driven by a steep increase in revenues from TV-marketing (+43% yoy to € 71.5m) as well as match Operations ( [ … ]

Watzke to step down in 2025 / crucial months ahead Yesterday, BVB published an ad-hoc stating that CEO Hans-Joachim Watzke will not extend his contract and will step down from management in the fall of 2025, when his contract expires. Watzke was appointed as CEO in February 2005 when the club was in a financially precarious situation. After t [ … ]

Returning from Milan with pockets full of cash; chg. On Tuesday, BVB visited AC Milan to play their penultimate Champions League group stage match. Thanks to a 3-1 victory, the team has already qualified for the knock-out stage before the last matchday, thus securing € 9.6m additional premium payments on top of the € 2.8m for winning  [ … ]