Update: Tip top
As we expected, higher costs, driven by H2 on-field recovery, ensured thatFY15 pre-transfer EBITDA increased only thanks to a Champions League
revenue loss insurance claim (€11.8m). However, we continue to be
encouraged by top-line buoyancy and the prospect of underlying profit
resilience in FY16, despite no Champions League. Victory in all six
competitive games this season shows a very favourable reaction to new
coach Thomas Tuchel. We will fully review our forecasts on confirmation of
Europa League group stage participation and release of the annual report.
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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