Borussia Dortmund announces semi-annual results H1 2008/2009
Feb 21, 2009 11:54 AM
Borussia Dortmund GmbH & Co. KGaA / Half Year Results Release 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. ---------------------------------------------------------------------- Borussia Dortmund significantly improved its revenues in the first half of the fiscal year 2008/2009 (01.07.2008 - 31.12.2008) compared to the previous half-year (by EUR 11.8 Mio. or rather +26.9 % up to EUR 55.9 Mio. in the single half-year statement and by EUR 10.2 Mio. or rather +20.4 % to EUR 60.3 Mio. in the Group half-year statement). By means of a considerable investment in the license team (EUR 15.0 Mio.) which was accompanied by an increase of personnel expenses as well as depreciations and amortizations the sporting competitiveness of Borussia Dortmund in the Bundesliga improved sustainable in opinion of the management, even if the elimination in the UEFA cup could not have been avoided in October 2008. As a result of, the semi-annual result improved only marginally. Taking the further elimination in the national DFB-Cup and the increasing difficult marketing environment in consequence of the international financial crisis into consideration the successful achievement of the objective of a balanced annual financial result 2008/2009 becomes more and more demanding. Borussia Dortmund GmbH & Co. KGaA recorded in the first half of the fiscal year 2008/2009 (01.07.2008 - 31.12.2008) earnings before interest and taxes (EBIT) in an amount of EUR -2.3 Mio. (previous half-year EUR -1.3). Earnings before taxes (EBT) amounted EUR -3.4 Mio. (previous half-year EUR -3.8 Mio.) and the financial result amounted EUR -3.5 Mio. (previous half-year EUR -3.9 Mio.) in the report period. According to International Financial Reporting Standards (IFRS) the Borussia Dortmund Group net loss amounted EUR -5.1 Mio. (previous half-year EUR -5.9 Mio.) in the first half-year 2008/2009. Earnings before taxes, interest, depreciation and amortization (EBITDA) amounted EUR 6.7 Mio. (previous half-year EUR 6.6 Mio.). Group Earnings before taxes and interest (EBIT) was EUR -2.3 Mio. (previous half-year EUR -1.3 Mio.). Group revenues amounted EUR 60.3 Mio. (previous half-year EUR 50.1 Mio.). Personnel expenses changed to EUR 26.5 Mio. (previous half-year EUR 21.0 Mio.). Depreciation and amortization resulted in EUR 9.0 Mio. (previous half-year EUR 7.9 Mio.). The other operating expenses amounted EUR 25.5 Mio. (previous half-year EUR 20.2 Mio.) in the report period. The financial result improved to EUR -2.7 Mio (previous half-year EUR -4.3 Mio.) The complete semi-annual financial report H1 2008/2009 can be downloaded in PDF format from www.borussia-aktie.de (rubric publications) as from February 28th, 2009. Dortmund, February 21st, 2009 Borussia Dortmund GmbH & Co. KGaA Borussia Dortmund Geschäftsführungs-GmbH 21.02.2009 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: Borussia Dortmund GmbH & Co. KGaA Rheinlanddamm 207 - 209 44139 Dortmund Deutschland Phone: 0231/ 90 20 - 0 Fax: 0231/ 90 20 - 912 E-mail: [email protected] Internet: www.bvb.de ISIN: DE0005493092 WKN: 549309 Listed: Regulierter Markt in Frankfurt (General Standard); Freiverkehr in Berlin, Stuttgart, München, Hamburg, Düsseldorf End of News DGAP News-Service ---------------------------------------------------------------------------