405 Million Euros: record revenue for BVB in 2016/17
Borussia Dortmund GmbH & Co. KGaA (limited liability company, joint-stock company) achieved the highest revenue in its history across the previous business year 2016/17.
From the 1 July 2016 until 30 June 2017, BVB's group revenue increased by 7.8% to a new record of €405.7 million. Adjusted for internal transfer activity, consolidated turnover rose by 16.8% to a record high of €328.4 million (previous year: €281.3 million). These preliminary figures for the business year 2016/17 were announced by the Chairman of the Board, Hans-Joachim Watzke, as well as Executive Director Thomas Treß at today's financial statement press conference.
"We have broken through our revenue sound barrier. We had originally planned to do so only in 2019", clarified Hans-Joachim Watzke, who highlighted: "From 2011 to 2017, we have achieved an overall profit after tax of around €134 million, and are as such one of of the most profitable companies in Europe." Watzke indicated Borussia Dortmund's worth was "upwards of €1 billion".
The greatest source of income was the marketing revenue from participating in the UEFA Champions League at €51 million. In the previous year (2015/2016), Borussia Dortmund made €17.2 million in this business area from participating in the UEFA Europa League. Furthermore, revenue from the Bundesliga TV broadcasting rights rose by €5.3 million, achieved thanks to the far superior marketing of the league abroad. Overall, BVB brought in a total of €125.8 million from TV marketing (previous year €82.6 million). Looking at the current business year 2017/18, the board expects income to increase by almost €21 million because of the new national television deal.
"The appeal of the Borussia Dortmund brand continues to increase", stressed Executive Director Thomas Treß: "We continue to grow in a growing market."
Overall, BVB achieved consolidated earnings before tax of €9.1 million, after €34.3 million the previous year which was driven heavily by transfer activity. However, adjusted for internal transfers, a pre-tax result of €5.8 million has been achieved, a rise of €2.9 million from the previous year. Consolidated net income amounted to €8.2 million, after €29.4 million in the previous year.
Despite the reduced consolidated net income, the board will recommend to the supervisory committee for the appropriation of net income to the general assembly based on a collective decision an unchanged dividend payment of €0.06 per share compared with the previous year.