During the reporting period of the 2018/2019 financial year (1 July 2018 to 30 June 2019), the performance of BVB shares was influenced by positive sport-related and business announcements by the Company (unless indicated otherwise, the following data is based on the closing price of shares in XETRA trading in Borussia Dortmund shares; where necessary, figures have been rounded up to the nearest hundredth).
Share price performance (in EUR)
The shares in Borussia Dortmund GmbH & Co. KGaA kicked off the new 2018/2019 financial year at EUR 5.36 on 2 July 2018, reaching the EUR 6.00 mark by mid-July 2018 before closing out the month of July 2018 at around EUR 6.20. Although this was still during the Bundesliga's summer break, the share price increased in light of the imminent rebuild under new head coach Lucien Favre, which included the transfers of Axel Witsel, Thomas Delaney, Abdou Diallo and Paco Alcácer, as well as the team's positive preseason results, including during the club's tour of the United States. The share price continued to rise in August 2018 on the heels of the euphoria at the beginning of the season and positive financial news. On 1 August 2018, Borussia Dortmund GmbH & Co. KGaA shares traded at EUR 6.23 and at EUR 6.23 on 9 August 2018. The share price briefly dipped to EUR 6.00 on 20 August 2018 before rebounding following the team's win in the first round of the DFB Cup and its victory against RB Leipzig on match day one of the Bundesliga. The shares traded at EUR 6.06 on 23 August 2018. On 24 August 2018, the Company announced the preliminary figures for the 2017/2018 financial year (see ad hoc disclosure from the same date) and record consolidated revenue of EUR 536.0 million (previous year: EUR 405.7 million). Consolidated net profit after taxes amounted to EUR 28.5 million (previous year: EUR 8.2 million). The capital market took a positive view of this report and the announcement that the dividend would remain unchanged compared to the previous year. Shares in Borussia Dortmund traded at EUR 6.45 on 27 August 2018, EUR 6.63 on 28 August 2018, EUR 6.75 on 29 August 2018 and EUR 6.89 on 31 August 2018. This upswing continued into September 2018 following positive results in the Bundesliga and the UEFA Champions League. The trend was reinforced on the news that the shares in Borussia Dortmund would continue to trade on the SDAX. On 3 September 2018, the shares traded at EUR 6.66 and climbed until the end of the month to EUR 7.68 on 28 September 2018.
On 1 October 2018, shares in Borussia Dortmund GmbH & Co. KGaA traded at EUR 7.90 and continued to climb thereafter to a 17-year high. BVB shares traded at EUR 8.06 on 4 October 2018, EUR 8.40 on 16 October 2018, EUR 8.74 on 17 October 2018, EUR 9.08 on 18 October 2018 and EUR 9.15 on 19 October 2018. On 29 October 2018, shares in Borussia Dortmund traded at EUR 9.25. Shortly thereafter on 6 November 2018, the share price not only reached its peak for the reporting period but also a 17-year high of EUR 10.06. On 9 November 2018, Borussia Dortmund GmbH & Co. KGaA released the preliminary first quarter figures for financial year 2018/2019 (see ad hoc disclosure from the same date), following up the excellent sporting situation with positive economic news. Nevertheless, the share price then dropped, which commonly occurs in connection with dividend distributions. The shares traded at EUR 9.94 on 13 November 2018, EUR 9.39 on 14 November 2018 and EUR 8.92 on 19 November 2018. BVB shares were listed at EUR 8.66 on 26 November 2018, the date of the Annual General Meeting (previous year: EUR 6.10). On that same day, the Annual General Meeting resolved a dividend distribution of EUR 0.06 per share. The shares traded at EUR 8.57 on the following day (27 November 2018). In December 2018, the share price then dropped to around the EUR 8.00 mark despite the team's impressive form going into the winter break: it had advanced to the next round of the DFB Cup, had lost just one match on its way to being crowned the Bundesliga's "autumn champions", and had topped its group in the UEFA Champions League. BVB shares traded at EUR 8.01 on 12 December 2018, EUR 8.18 on 19 December 2018, EUR 8.05 on 21 December 2018 and EUR 7.80 on 27 December 2018. The 2018 calendar year ended with shares trading at EUR 7.97 on 28 December 2018 (previous year: EUR 6.13).
Revenue (Shares)
The shares of Borussia Dortmund then kicked off the new 2019 calendar year at EUR 8.47 on 2 January 2019. On this date the Company announced that BVB player Christian Pulisic was transferring to Chelsea FC in London, but would remain at Borussia Dortmund on loan until 30 June 2019 (see the ad hoc disclosure from the same date). The capital market's expectations that additional income potential would come with this transfer lifted the share price. Borussia Dortmund GmbH & Co. KGaA shares traded at EUR 8.43 on 3 January 2019, at EUR 8.92 on 7 January 2019 and at EUR 8.96 on 18 January 2019. BVB kicked off the second half of the season with a win against RB Leipzig, which reinforced this trend. The shares traded at EUR 9.05 on 21 January 2019, EUR 9.19 on 25 January 2019 and EUR 9.46 on 5 February 2019. However, the team then lost two matches, causing the share price to dip. Borussia Dortmund was eliminated from the DFB Cup after losing to SV Werder Bremen on the evening of 5 February 2019. The shares then lost considerable ground, trading at EUR 8.88 on the following day, 6 February 2019. The shares traded at EUR 8.35 on 13 February 2019. That evening, Borussia Dortmund suffered a defeat in the UEFA Champions League, losing 3:0 against Tottenham Hotspur FC in the first leg of the round of 16. The share price then dropped again due to the strong likelihood that the club would be eliminated from the competition. The shares traded at EUR 7.81 on the following day (14 February 2019), before dipping to EUR 7.49 on 22 February 2019. On this date the Company published the preliminary semi-annual figures (see ad-hoc disclosure from the same date), announcing that it had generated net profit of EUR 17.3 million for the first half of the year. The market responded positively to the semi-annual figures. The shares traded at EUR 7.69 on the next trading day (25 February 2019). The rebound in share price was again interrupted following the team's ultimate elimination from the UEFA Champions League on 5 March 2019. The shares traded at EUR 7.31 on 6 March 2019. The recovery was then boosted by two further victories in the Bundesliga and the continuing prospect that the club could be crowned champions. BVB shares traded at EUR 7.56 on 11 March 2019, EUR 7.66 on 15 March 2019, EUR 8.01 on 19 March 2019, EUR 8.06 on 21 March 2019 and EUR 8.09 on 28 March 2019. The third quarter then ended with shares in Borussia Dortmund trading at EUR 8.19 on 29 March 2019 (previous year: EUR 5.12).
Borussia Dortmund's share price performance in the last quarter of the financial year was shaped by what promised to be the most exciting race for the Bundesliga title in years, with the winners not being crowned until the final and 34th match day on 18 May 2019. The shares traded at EUR 8.38 on 1 April 2019 and at EUR 8.45 on 4 April 2019, before continuing to rise despite an unfortunately resounding defeat to FC Bayern Munich on 6 April 2019. Borussia Dortmund GmbH & Co. KGaA shares traded at EUR 8.58 on 11 April 2019, at EUR 8.85 on 16 April 2019 and at EUR 8.80 on 23 April 2019. On 27 April 2019, Borussia Dortmund then suffered a setback in its quest to become Bundesliga champions, losing unnecessarily at home to none other than FC Schalke 04. On the following day, 29 April 2019, the shares then traded at EUR 8.65 and at EUR 8.57 on 30 April 2019. The team then unnecessarily drew its match in Bremen on 4 May 2019, after which Borussia Dortmund shares traded at EUR 8.34 on 6 May 2019. However, Bayern Munich also stumbled and the race to be crowned Bundesliga champions came down to the final two match days. The share price was pushed up further by the fact that Borussia Dortmund had long since qualified for the 2019/2020 season of the UEFA Champions League and that the club announced its positive figures for the first nine months of the year on 8 May 2019 (see ad hoc disclosure from the same date). Borussia Dortmund shares closed out 8 May 2019 at EUR 8.74 and traded at EUR 8.83 on 9 May 2019. Despite two victories, Borussia Dortmund was unable to overtake FC Bayern Munich in the race for the championship title. After a brief week-long drop in price, the shares rebounded following the announcements relatively early in the transfer window that the players Julian Brandt, Nico Schulz and Thorgan Hazard had been acquired for the new 2019/2020 season. Shares in Borussia Dortmund traded at EUR 8.92 on 20 May 2019, EUR 9.00 on 21 May 2019 and EUR 9.37 on 22 May 2019. The share price then fluctuated as it dropped, which it normally does after a dividend is paid out at the end of the season. BVB shares traded at EUR 9.07 on 28 May 2019, EUR 8.66 on 29 May 2019, EUR 8.23 on 7 June 2019, EUR 8.62 on 12 June 2019, EUR 8.27 on 14 June 2019, EUR 8.42 on 18 June 2019, EUR 8.57 on 20 June 2019 and EUR 8.46 on 24 June 2019. The reporting period ended with shares in Borussia Dortmund trading at EUR 8.28 on 28 June 2019 (previous year: EUR 5.38).