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Borussia Dortmund publishes preliminary figures for the third quarter (Q3) of the 2020/2021 financial year

EQS Group AG
2021-05-10
13:03:27
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Borussia Dortmund GmbH & Co. KGaA
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DGAP-Ad-hoc: Borussia Dortmund GmbH & Co. KGaA / Key word(s): Quarter Results/Preliminary Results Borussia Dortmund publishes preliminary figures for the third quarter (Q3) of the 2020/2021 financial year

10-May-2021 / 13:03 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

As expected, the COVID-19 pandemic that began in March 2020 and the sustained restrictions on public life continued to have a considerable impact on Borussia Dortmund's operating business in the third quarter of the financial year. Consequently, the consolidated net loss for the past quarter of the financial year (1 January to 31 March 2021) amounted to EUR -18.8 million (prior-year quarter: profit of EUR 1.1 million). The consolidated net loss after taxes amounted to EUR -45.0 million in the period from 1 July 2020 to 31 March 2021 (prior-year period: profit of EUR 4.1 million). The year-on-year decline is attributable primarily to lower revenue due to the pandemic and a decrease of EUR 29.2 million in net transfer income to EUR 9.8 million (prior-year period: EUR 39.0 million).

The preliminary figures for the Q3 quarterly report as at 31 March 2021 are as follows.

Borussia Dortmund generated consolidated total operating proceeds (revenue plus gross transfer proceeds generated) of EUR 85.8 million in the third quarter of financial year 2020/2021 (prior-year quarter: EUR 134.4 million) and EUR 276.1 million on a cumulative basis over the first three quarters (prior-year period: EUR 431.8 million). Borussia Dortmund recorded a decrease of EUR 59.1 million, or 18.7%, in consolidated revenue to EUR 257.3 million in the first three quarters of the year (prior-year period: EUR 316.4 million). Consolidated revenue amounted to EUR 80.0 million in the third quarter of the financial year (prior-year period: EUR 79.8 million).

In the first three quarters, consolidated earnings before taxes (EBT) amounted to EUR -45.0 million (prior-year period: EUR 5.6 million) and consolidated earnings before interest, taxes, depreciation and amortisation (EBITDA) amounted to EUR 35.2 million (prior-year period: EUR 83.2 million).

Consolidated revenue amounted to EUR 80.0 million in the third quarter (prior-year quarter: EUR 79.8 million), of which EUR 0.0 million (prior-year quarter: EUR 9.9 million) from match operations, EUR 49.4 million (prior-year quarter: EUR 33.0 million) from TV marketing, EUR 24.7 million (prior-year quarter: EUR 24.2 million) from advertising, EUR 1.1 million (prior-year quarter: EUR 6.8 million) from conference, catering and miscellaneous, and EUR 4.8 million (prior-year quarter: EUR 5.9 million) from merchandising.

While cumulative personnel expenses decreased to EUR 156.6 million (prior-year period: EUR 161.6 million), personnel expenses in the third quarter increased by EUR 4.2 million to EUR 54.3 million (prior-year period: EUR 50.1 million). Cumulative depreciation, amortisation and write-downs amounted to EUR 79.3 million (prior-year period: EUR 75.8 million), while depreciation, amortisation and write-downs in the third quarter amounted to EUR 26.4 million (prior-year quarter: EUR 26.6 million). Other operating expenses amounted to EUR 64.4 million in the first three quarters (prior-year period: EUR 95.7 million). In the third quarter, they decreased by EUR 3.9 million to EUR 21.2 million (prior-year quarter: EUR 25.1 million).

The cumulative financial result amounted to EUR -0.9 million (prior-year period: EUR -1.8 million); the tax expense amounted to EUR 0.0 million (prior-year period: EUR -1.5 million).

The above information relates to key figures from the consolidated financial statements of Borussia Dortmund calculated in accordance with the International Financial Reporting Standards (IFRSs).

The full Q3 2020/2021 quarterly financial report will be available for download from 14 May 2021 under " Publications" at http://aktie.bvb.de/eng.

Dortmund, 10th May 2021

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

Contact: Dr. Robin Steden Inhouse Counsel / Investor Relations

10-May-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

10.05.2021 13:03
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