Borussia Dortmund GmbH & Co KGaA: Promising Financial and Sporting Performance

Borussia Dortmund has released its preliminary second quarter results, significantly beating estimates. Sales increased by 32.7% compared to the previous year, reaching €154 million, mainly driven by a marked increase in television marketing and match operations revenues. Earnings before interest, taxes, depreciation and amortization (EBITDA) came in at €42.1 million, suggesting the company is well on its way to exceeding its annual targets.

On the pitch side, Borussia Dortmund have also shown good form, currently sitting in fourth place, which would be enough to qualify for the upcoming UEFA Champions League (UCL) season. Additionally, the team drew against Eindhoven in the first match of the UCL round of 32, which increases their chances of progression. Separately, UEFA revealed guidance on monetary prize allocation for the 2024/25 UCL, forecasting an overall increase of around 25%.

NuWays AG confirms its buy recommendation with an unchanged target price of 5.50 euros for the shares of Borussia Dortmund GmbH & Co KGaA.