Investor Relations

The objective of our Company’s Investor Relations organisation is to obtain an appropriate valuation of BVB 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 and 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 2020/2021 was to continue to foster communication with the capital markets. The Annual Press Conference on the preliminary figures of the 2019/2020 financial year was held in Dortmund on 17 August 2020. The Company also held an analyst conference on the same day in Frankfurt am Main. Both of these were held as “hybrid” events with a limited number of attendees. The Company also held group and one-on-one conference calls or online meetings (due to the pandemic) with representatives of the capital market during the reporting period, for instance as part of the Equity Forum on 16 November 2020 in Frankfurt am Main, and took part in roadshows (via online meetings) in Munich on 22 September 2020 (organised via Berenberg), in London on 14/15 October 2020 (organised via Edison), in Madrid on 12 November 2020 and in London on 30 November 2020 (in each case organised via Berenberg), in Israel on 1 December 2020 (organised via Edison), in the United States on 10 December 2020 (organised via Stifel), on 17 March 2021 for the Berenberg Virtual DACH & Nordic Conference (organised via Berenberg), on 23 March 2021 for the Edison Virtual Roadshow, USA (organised via Edison), on 11 May 2021 for the Stifel Virtual Roadshow, Europe (organised via Stifel), on 18 May 2021 for the Berenberg Tarrytown Conference, USA (organised via Berenberg), and on 26/27 May 2021 for the virtual Roadshow Europe & UK (organised via Berenberg).

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: 6 July 2021, Recommendation: “Buy” (previously: “Buy”)
  • Joh. Berenberg, Gossler & Co. KG (“Berenberg”), Hamburg
    Most recent research update: 19 May 2021, Recommendation: “Buy” (previously: “Buy”)
  • Stifel Europe Bank AG, Frankfurt am Main
    Most recent research update: 10 May 2021, Recommendation: “Hold” (previously: “Hold”)
  • Edison Research Investment Ltd., London, UK
    Most recent research update: 10 February 2021, Recommendation: “n/a”
  • GSC Research GmbH, Düsseldorf
    Most recent research update: 16 November 2020, Recommendation: “Buy” (previously: “n/a”)

Individual studies and research updates that our Company is entitled to publish are available online at and under “BVB Share”, sub-heading “Capital Market View”.

Stifel Europe Bank AG (previously MainFirst Bank AG) was our Company’s designated sponsor during the reporting period.

4th match day UCL / 24.11.2020

BVB - Club Brügge 3:0

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