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MarketScreener Homepage  >  Equities  >  Xetra  >  Borussia Dortmund GmbH & Co. Kommanditgesellschaft auf Aktien    BVB   DE0005493092

BORUSSIA DORTMUND GMBH & CO. KOMMANDITGESELLSCHAFT AUF AKTIEN

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Borussia Dortmund GmbH Kommanditgesellschaft auf Aktien : gives an outlook on the results for the 2019/2020 financial year

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06/29/2020 | 09:05am EDT

DGAP-Ad-hoc: Borussia Dortmund GmbH & Co. KGaA / Key word(s): Forecast
Borussia Dortmund gives an outlook on the results for the 2019/2020 financial year

29-Jun-2020 / 14:02 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.


The Covid-19 pandemic, with its ongoing restrictions on public life and the associated significant effects on both the global economy and Borussia Dortmund's operating business, has caused and is still causing considerable uncertainty. The company had therefore initially withdrawn its forecast for the entire 2019/2020 financial year from the market and made no new forecast (see our ad hoc announcement of March 16, 2020) and then - without a detailed earnings forecast - announced that the Management assumes that no positive consolidated annual result will be achieved for the entire 2019/2020 financial year (see our ad hoc announcement of May 8, 2020).

With completion of the 34th match day and the resulting termination of the Bundesliga season 2019/2020 - recently by means of special match operations "without spectators" - in the association's specified period of a season end before June 30th, the management of Borussia Dortmund decided today, based on the current findings, to give an outlook on key earnings figures for 2019/2020 financial year.

Borussia Dortmund group now expects an EBITDA of approx. EUR 62 million and a consolidated net loss of approx. EUR 45 million. This outlook is subject to value-adjusting facts until the completion of the preparation of the annual financial statements and the knowledge gained in the course of the audit of the consolidated financial statements for the 2019/2020 financial year after the balance sheet date as well as possible further transfer income.

The expected aforesaid key figures have to be understood as a direct impact of the Covid-19 pandemic, which has affected all Borussia Dortmund income and revenue sources. Borussia Dortmund has the largest stadium in Germany with a total capacity of 81,365 spectators and the second largest VIP hospitality areas. The special match operations "without spectators" therefore had a significant impact (see also our corporate news from March 9, 2020). In addition, reductions and / or refunds of advertising and VIP hospitality proceeds have been made. It is also important that the global transfer market came nearly to a complete standstill in the fourth quarter.

Due to the good earnings situation in the past financial years and in the period of the current financial year up to the start of the Covid-19 pandemic, due to a group equity of approx. EUR 355 million as of 30. June 2019 (corresponding to an equity ratio of approx. 71%) and thanks to the company's sustainable positioning, Borussia Dortmund is prepared to bear the expected losses.

The management continuously evaluates the situation around the ongoing Covid-19 pandemic and is now focusing on the development of new concepts and measures for the start of the new 2020/2021 season.

Dortmund, 29. June 2020

Borussia Dortmund GmbH & Co. KGaA
Borussia Dortmund Geschäftsführungs-GmbH




Contact:
Dr. Robin Steden
Inhouse Counsel / Investor Relations

29-Jun-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: Borussia Dortmund GmbH & Co. KGaA
Rheinlanddamm 207 - 209
44137 Dortmund
Germany
Phone: 0231/ 90 20 - 2746
Fax: 0231/ 90 20 - 852746
E-mail: aktie@bvb.de
Internet: www.bvb.de/aktie // www.aktie.bvb.de
ISIN: DE0005493092
WKN: 549309
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1081109

 
End of Announcement DGAP News Service

1081109  29-Jun-2020 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1081109&application_name=news&site_id=zonebourse
© EQS 2020

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