Watzke sees "considerable growth potential"
Praise and overwhelming approval for the management's policies: shareholders attending the Annual General Meeting of Borussia Dortmund GmbH & Co. KGaA looked back on an "exceptionally successful financial year" 2015/16.
"The Company is going from success to success," said Gerd Pieper, Chairman of the Supervisory Board. This also extends to the shareholders. "Anyone who invested EUR 11 when the club went public and has since participated in all capital increases is now finally seeing a return on their investment," explained Hans-Joachim Watzke, chairman of Borussia Dortmund's management. The weighted average issue price of all shares from the IPO in October 2000 until today is EUR 4.83. As it is, the majority of BVB shareholders have already been making a profit for years. BVB shares traded at EUR 5.73 on Monday morning. Addressing the shareholders, Watzke stated: "I recall standing before you when the share price was 82 cents. We have worked meticulously and tenaciously over the past decade."
Managing director Thomas Treß ran through the figures previously presented at the Annual Press Conference : the club's highest ever revenue at EUR 376.3 million, consolidated profit of EUR 29.4 million (previous year: EUR 5.5 million), and a consolidated operating result before interest, tax, depreciation and amortisation (EBITDA) of EUR 86.7 million. "We must also ensure future revenue growth if we want to remain competitive," he concluded.
"We remain firmly rooted in the heart of Dortmund, our birthplace the Borsigplatz"
Hans-Joachim Watzke sees "considerable growth potential" for the future, citing the new TV deal taking effect in summer 2017 ("this will be a real earnings driver, in the mid-eight-figure range"), the new UEFA Champions League format in the following year and internationalisation: "this is just the beginning". At the same time, Borussia Dortmund's chairman stated: "We remain firmly rooted in the heart of Dortmund, our birthplace the Borsigplatz. This is our home. We will never bethecommercial club, and will continue to offer the most fan-friendly ticket prices. We only adjust for inflation – nothing more. Before we do that, we prefer to focus on revenue streams in Asia."
Borussia Dortmund remains true to its local roots. "I am proud that we have become one of Dortmund's biggest employers," said Watzke, and thanked the club's now 800 "highly motivated employees". Fan services will be expanded from seven to ten full-time employees. Watzke noted "prevention work that is always key to our corporate social responsibility".
BVB is distributing a dividend of EUR 0.06 per share to its shareholders for the 2015/16 financial year. The management's actions were ratified by an overwhelming majority.
speach of CEO Hans-Joachim Watzke (German Version)
speach of CFO Thomas Treß (German Version)