2017 Annual General Meeting – applause and exceedingly high level of approval
"We are, when looking at the successes of the past ten years, the number two in Germany – and we're nowhere near the end of our journey", said Hans-Joachim Watzke at the Annual General Meeting of Borussia Dortmund GmbH & Co. KGaA.
Despite the current situation in the Bundesliga (Watzke: "When we don't occupy a Champions League spot, the situation is serious."), the Annual General Meeting was marked by a lot of cheers and applause and, once again, by an exceedingly high level of approval for the course set by the management.
"The strength of Borussia Dortmund has always been to remain calm and level-headed", said Watzke, highlighting: "Six times Champions League and two times Europa League in the past years. Never before has Borussia Dortmund accomplished that. Nobody in the Bundesliga other than Bayern can accomplish that either. And that's no coincidence, that's clearly a trend."
At the same time he also emphasised Borussia Dortmund's socio-political role: "That is also our duty, to not just play football. Neither will we let up in our fight against all forms of extremism." He continued, "In a city such as Dortmund we are proud to be a major employer". Upwards of 800 employees earn their living at BVB. Watzke called this active social partnership "exemplary".
Managing director Thomas Treß presented the figures: the club's highest ever revenue at EUR 405.7 million, consolidated profit of EUR 8.2 million, and a consolidated operating result before interest, tax, depreciation and amortisation (EBITDA) of EUR 74.0 million. "All this documents how well-positioned Borussia Dortmund is financially."
BVB is distributing a dividend of EUR 0.06 per share to its shareholders for the 2016/17 financial year.
The actions of the general partner and of the Supervisory Board were ratified by an overwhelming majority.
Voting results here.
speach of CEO Hans-Joachim Watzke (German Version)
speach of CFO Thomas Treß (German Version)