The objective of our Company's Investor Relations organisation is to obtain an appropriate valuation of Borussia Dortmund shares on the capital market. This is achieved by pursuing ongoing and open communication with all market participants. Investor Relations forms an ideal interface between institutional investors, financial analysts and private investors. The Company seeks to justify the confidence placed in it by investors and the public through immediate and transparent communication of its financial results, business transactions, strategy, and risks and opportunities. We are committed to communications principles such as openness, continuity, equal treatment and credibility, which make it possible to develop a long-term rapport based on trust with market participants and to ensure a true and fair view of the Company.
We therefore use online communication as our main form of communications, as this offers the best basis for providing all interested parties with equal access to up-to-date information. Because this information is highly pertinent, Borussia Dortmund maintains an investor relations webpage, "BVB Share" which is available online at www.bvb.de/aktie and http://aktie.bvb.de/eng. All annual and interim financial reports are available for download at this site. Mandatory disclosures and announcements under capital market law, such as ad hoc disclosures, corporate news, and manager transactions (formerly directors' dealings) are published here in a timely manner. At the same time, our service provider, EQS Group AG (DGAP), Munich, ensures that these notices are distributed throughout Europe. Further detailed information, such as investor presentations and in-depth information on implementing the recommendations of the German Corporate Governance Code, is provided on our website. The information is available in German and, for the most part, in English as well.
Another objective of ours in financial year 2019/2020 was to continue to foster communication with the capital markets. The Annual Press Conference on the preliminary figures of the 2018/2019 financial year was held in Dortmund on 13 August 2019. The Company also held an analyst conference on the same day in Frankfurt am Main. The Company also held group and one-on-one meetings in Dortmund and/or conference calls with capital market representatives during the reporting period as well as roadshows from 4 to 6 March 2020 in New York, USA (organised via Edison) and – due to the COVID-19 pandemic – virtual roadshows on 20 May 2020 (organised via Berenberg) and on 8/9 June 2020 (organised via Bankhaus Lampe). In the fourth quarter of the financial year, the Company increasingly held one-on-one conference calls with investors on account of the pandemic.
The Company is also pleased to be included in the research coverage of the following firms:
- Frankfurt Main Research AG, Frankfurt am Main
Most recent research update: 11 May 2020, Recommendation: "Buy" (previously: "Buy") - Bankhaus Lampe KG, Düsseldorf
Most recent research update: 30 June 2020, Recommendation: "Buy" (previously: "Buy") - Joh. Berenberg, Gossler & Co. KG ("Berenberg"), Hamburg
Most recent research update: 29 June 2020, Recommendation: "Buy" (previously: "Buy") - Edison Research Investment Ltd., London, UK
- GSC Research GmbH, Düsseldorf
Most recent research update: 24 March 2020, Recommendation: "n/a" (previously: "Hold")
Individual studies and research updates that our Company is entitled to publish are available online at bvb.de/aktie and aktie.bvb.de/eng under "BVB Share", sub-heading "Capital Market View".
ODDO SEYDLER BANK AG, Frankfurt am Main, was our Company's designated sponsor during the reporting period.