Borussia Dortmund GmbH & Co KGaA : Preliminary Q3 2023-24 results below estimates
>Revenue and earnings down y-o-y - Borussia Dortmund published preliminary Q3 2023-24 figures for revenue and EBIT which were lower than estimated. Consolidated revenue declined by 2.5% y-o-y to € 98.2m and missed our forecast by 6.8% (ODDO BHFe € 105.3m). Whereas income from advertising and TV marketing increased y-o-y, income from other revenue streams was lower compared to last year. We assume that the higher income from TV marketing and advertising is due to an in...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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