Ad-Hoc News
Borussia Dortmund GmbH & Co. KGaA announces annual results for the financial year 2006/07

Borussia Dortmund GmbH & Co. KGaA / Key word(s): Final Results

06.09.2007 21:25

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement.

In the financial year 2006/2007 (01.07.2006 - 30.06.2007) Borussia Dortmund GmbH & Co. KGaA recorded earnings before interest and taxes (EBIT) in an amount of EUR 15.8 Mio. (+ EUR 27.8 Mio. compared to the previous year). Net income amounted EUR 10.3 Mio., which means an improvement of EUR 14.2 Mio. Operating cash flow increased from EUR -5. Mio. to EUR 11.9 Mio (+EUR 17.4 Mio. compared to the previous year). Net debt (debt less liquid funds) decreased by EUR 16.1 Mio. from EUR 53.8 Mio. to EUR 37.7 Mio. as of June 30th, 2007. Equity capital of the company increased to EUR 100.2 Mio (+EUR 47.3 Mio. compared to the previous year).

Revenues of Borussia Dortmund GmbH & Co. KGaA increased by EUR 7.6 Mio. (9.2%) from EUR 83.3 Mio. in the previous year to EUR 90.9 Mio. in the expired financial year 2006/2007. These revenues spread as follows: Ticketing: EUR 18.3 Mio. (previous year EUR 17.2 Mio.); TV-Rights: EUR 21.3 Mio. (previous year EUR 14.8 Mio.); Sponsoring: EUR 30.5 Mio. (previous year EUR 27.2 Mio.); Transfers: EUR 6.8 Mio. (previous year EUR 12.4 Mio.); Catering, Merchandising etc. EUR 14.1 Mio. (previous year EUR 11.7 Mio.).

Total operating performance improved to EUR 99.7 Mio (+EUR 9.7 Mio. compared to the previous year).

Personnel expenses of the company decreased by EUR 3.0 Mio. from EUR 37.3 Mio. to EUR 34.3 Mio. and depreciations fell by EUR 0.8 Mio. from EUR 7.7 Mio. to EUR 6.9 Mio.

Compared to the previous year other operating expenses decreased by EUR 14.3 Mio. from EUR 57.0 Mio. to EUR 42.7 Mio. The major contributory factors were in this context: reduction of transfer expenses by EUR 5.8 Mio, decline of legal and advisory costs by EUR 4.4 Mio., lapse of expenses for trademark risks in an amount of EUR 2.7 Mio., decrease of value adjustments on receivables by EUR 2.4 Mio and, finally, reduction of licence fees by EUR 1.3 Mio. However, marketing commissions increased by EUR 1.6 Mio as a result of higher sponsoring revenues.

The financial result degraded by EUR -4.5 Mio. from EUR-1.0 Mio. to EUR -5,5 Mio. This change was mainly the result of the reorganisation of the stadium financing in consequence of the buyback of stadium shares from the former owner by group member companies, the intragroup reorgansiation of the stadium tenancy and an contribution of capital by Borussia Dortmund GmbH & Co. KGaA in favour of the stadium company. However, the group financial result improved in the course of the aforementioned reorganisation by EUR 2.8 Mio. in comparison to the previous year.

Group earnings before taxes (EBT) increased - according to International Financial Reporting Standards (IFRS) - by EUR 29.6 Mio from EUR -22.6 Mio. to EUR 7.1 Mio. The deviation compared to the earnings before taxes (EBT) of the individual financial statement of Borussia Dortmund GmbH & Co. KGaA (EUR 10.3 Mio.) mainly results from increased depreciations of the stadium. Taking profits of income tax (EUR 3.0 Mio.) into consideration the group net income increased by EUR 30.9 Mio. from EUR -20.8 Mio. to EUR 10.1 Mio.

The earnings per share improved by EUR 0.84 from EUR -0.67 to EUR 0.17.

Group revenues increased by EUR 8.0 Mio. from EUR 89.1 Mio. to EUR 97.1 Mio and the total group operating performance increased by EUR 13.3 Mio. from EUR 92.7 Mio. to EUR 106.0 Mio.

Dortmund, September 6th 2007

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

06.09.2007 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de

Language: English
Company: Borussia Dortmund GmbH & Co. KGaA
Rheinlanddamm 207 - 209
44139 Dortmund
Germany
Internet: www.borussia-aktie.de
                                        
End of Announcement DGAP News-Service