Borussia Dortmund GmbH & Co KGaA : Preliminary H1 2023-24 figures ahead of estimates
>Significant improvements in the top line and EBIT margins - Borussia Dortmund reported preliminary H1 2023-24 figures for revenue and EBIT which were better than estimated. Consolidated revenue increased by 15.7% y-o-y to € 256.5m (ODDO BHFe € 228.6m). The beat to our number came mainly from significantly higher income from match operations (+30.6% y-o-y to € 27.6m; ODDO BHFe € 19.9m) and TV marketing (+12.9% y-o-y to € 109.3m; ODDO BHFe € 95.1m). We believe that the...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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