Update: Still much to play for
Despite a stalled Bundesliga recovery and coach Klopp’s end-of-season departure, Borussia Dortmund is well-placed to end FY15 on a strong note with potential Europa League qualification and Cup success. Maintained pre-transfer EBITDA in its most profitable quarter to December suggests another good year despite on-field setbacks. Although FY16 will reflect the absence from the Champions League, continuing growth opportunities in sponsorship, digital media, broadcasting and merchandising as well as robust finances confirm management’s creation of a sustainable business, as evident in our new forecasts with or without UEFA competition.Borussia Dortmund has two reportable segments, which are responsible for the main activites of the overall Group. The first segment consists of Borussia Dortmund GmbH & Co. KGaA, which operates a professional football club including professional football squad and leverages the associated revenue potential arising from the the transfer of players, catering, TV marketing, sponsorship and ticketing. The second segment consists of the separate merchandising business, which is carried out by BVB Merchandising GmbH. In addition, Co. assumes all the marketing activities for the stadium, including the event areas, on non-match days and includes activities such as stadium tours.
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