Operating segments
Borussia Dortmund has four reportable segments, which are responsible for the main activities of the overall Group. The first segment consists of Borussia Dortmund GmbH & Co. KGaA, which operates a football club including a professional football squad and leverages the associated revenue potential arising from transfer deals, catering, TV marketing, advertising and match operations. The second segment consists of the separate merchandising business, which is carried out by BVB Merchandising GmbH, a legally independent entity.
The wholly owned Group subsidiaries BVB Event & Catering GmbH and besttravel dortmund GmbH are also classified as reportable segments. BVB Event & Catering GmbH is responsible for conducting stadium tours, providing and arranging for event staffing services and planning, organising, catering, steering and conducting events of all types in its own name and on behalf of third parties.
besttravel dortmund GmbH is responsible for arranging travel by air, rail and ship, as well as package tours. It also organises and conducts events such as sports travel, conferences and incentive trips, and arranges hotel and car hire bookings.
Internal reporting is based on the accounting provisions of the German Commercial Code (Handelsgesetzbuch, “HGB”). Management uses segment revenue and earnings to monitor the segments’ contribution to the success of the business. Segment assets and liabilities are not used as a management element in the internal reporting, and as such will not be disclosed going forward.
|
|
Borussia Dortmund KGaA |
|
BVB Merchandising |
|
BVB Event & Catering |
|
besttravel dortmund |
|
Total |
||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUR ‘000 |
|
2023/2024 |
|
2022/2023 |
|
2023/2024 |
|
2022/2023 |
|
2023/2024 |
|
2022/2023 |
|
2023/2024 |
|
2022/2023 |
|
2023/2024 |
|
2022/2023 |
||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Total revenue |
|
562,410 |
|
460,983 |
|
50,033 |
|
35,107 |
|
36,766 |
|
27,640 |
|
3,489 |
|
2,204 |
|
652,697 |
|
525,934 |
||||
of which match operations |
|
52,582 |
|
43,524 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
52,582 |
|
43,524 |
||||
of which advertising |
|
146,609 |
|
142,305 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
146,609 |
|
142,305 |
||||
of which TV marketing |
|
206,050 |
|
157,507 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
206,050 |
|
157,507 |
||||
of which transfer deals |
|
129,678 |
|
99,072 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
129,678 |
|
99,072 |
||||
of which merchandising |
|
0 |
|
0 |
|
50,033 |
|
35,107 |
|
0 |
|
0 |
|
0 |
|
0 |
|
50,033 |
|
35,107 |
||||
of which conference, catering, miscellaneous |
|
27,492 |
|
18,575 |
|
0 |
|
0 |
|
36,766 |
|
27,640 |
|
3,489 |
|
2,204 |
|
67,746 |
|
48,419 |
||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Total revenue |
|
562,410 |
|
460,983 |
|
50,033 |
|
35,107 |
|
36,766 |
|
27,640 |
|
3,489 |
|
2,204 |
|
652,697 |
|
525,934 |
||||
of which external |
|
559,559 |
|
458,803 |
|
47,898 |
|
33,359 |
|
24,680 |
|
19,079 |
|
1,127 |
|
1,072 |
|
633,263 |
|
512,313 |
||||
of which internal |
|
2,852 |
|
2,180 |
|
2,135 |
|
1,748 |
|
12,086 |
|
8,561 |
|
2,362 |
|
1,132 |
|
19,434 |
|
13,621 |
||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Financial result |
|
14,501 |
|
10,295 |
|
0 |
|
0 |
|
0 |
|
0 |
|
-2 |
|
0 |
|
14,499 |
|
10,295 |
||||
Share of profit from equity investments |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
||||
of which profit transfer |
|
17,570 |
|
11,741 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
17,570 |
|
11,741 |
||||
of which loss absorption |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
||||
Net interest income/expense |
|
-3,070 |
|
-1,446 |
|
0 |
|
0 |
|
0 |
|
0 |
|
-2 |
|
0 |
|
-3,071 |
|
-1,446 |
||||
of which interest expense |
|
-5,756 |
|
-2,097 |
|
0 |
|
0 |
|
0 |
|
0 |
|
-2 |
|
0 |
|
-5,758 |
|
-2,097 |
||||
of which interest income |
|
2,686 |
|
651 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
2,686 |
|
651 |
||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Depreciation, amortisation and write-downs |
|
-101,214 |
|
-105,265 |
|
-416 |
|
-447 |
|
-40 |
|
-21 |
|
-17 |
|
-23 |
|
-101,687 |
|
-105,756 |
||||
Segment profit before taxes* |
|
24,606 |
|
-1,410 |
|
11,019 |
|
4,495 |
|
3,095 |
|
4,165 |
|
2,132 |
|
1,102 |
|
40,851 |
|
8,352 |
||||
Net income/loss from investments in associates |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
||||
|
||||||||||||||||||||||||
The table below provides a reconciliation of the revenue, profit or loss before taxes and other key items for each segment:
|
|
Total |
|
Other adjustments |
|
Consolidated financial statements |
||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUR ‘000 |
|
2023/2024 |
|
2022/2023 |
|
2023/2024 |
|
2022/2023 |
|
2023/2024 |
|
2022/2023 |
||||
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Total revenue |
|
652,697 |
|
525,934 |
|
-143,587 |
|
-107,695 |
|
509,110 |
|
418,239 |
||||
of which match operations |
|
52,582 |
|
43,524 |
|
0 |
|
0 |
|
52,582 |
|
43,524 |
||||
of which advertising |
|
146,609 |
|
142,305 |
|
-32 |
|
-34 |
|
146,576 |
|
142,271 |
||||
of which TV marketing |
|
206,050 |
|
157,507 |
|
0 |
|
0 |
|
206,050 |
|
157,507 |
||||
of which transfer deals |
|
129,678 |
|
99,072 |
|
-129,678 |
|
-99,072 |
|
0 |
|
0 |
||||
of which merchandising |
|
50,033 |
|
35,107 |
|
-2,135 |
|
-1,748 |
|
47,898 |
|
33,359 |
||||
of which conference, catering, miscellaneous |
|
67,746 |
|
48,419 |
|
-11,742 |
|
-6,841 |
|
56,004 |
|
41,578 |
||||
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Total revenue |
|
652,697 |
|
525,934 |
|
-143,587 |
|
-107,695 |
|
509,110 |
|
418,239 |
||||
of which external |
|
633,263 |
|
512,313 |
|
-124,153 |
|
-94,074 |
|
509,110 |
|
418,239 |
||||
of which internal |
|
19,434 |
|
13,621 |
|
-19,434 |
|
-13,621 |
|
0 |
|
0 |
||||
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Financial result |
|
14,499 |
|
10,295 |
|
-11,779 |
|
-16,425 |
|
2,720 |
|
-6,131 |
||||
Share of profit from equity investments |
|
0 |
|
0 |
|
21 |
|
15 |
|
21 |
|
15 |
||||
of which profit transfer |
|
17,570 |
|
11,741 |
|
-17,570 |
|
-11,741 |
|
0 |
|
0 |
||||
of which loss absorption |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
|
0 |
||||
Net interest income/expense |
|
-3,071 |
|
-1,446 |
|
5,771 |
|
-4,700 |
|
2,699 |
|
-6,146 |
||||
of which interest expense |
|
-5,758 |
|
-2,097 |
|
553 |
|
-7,607 |
|
-5,205 |
|
-9,704 |
||||
of which interest income |
|
2,686 |
|
651 |
|
5,218 |
|
2,907 |
|
7,904 |
|
3,558 |
||||
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Depreciation, amortisation and write-downs |
|
-101,687 |
|
-105,756 |
|
-2,646 |
|
-553 |
|
-104,333 |
|
-106,309 |
||||
Segment profit before taxes* |
|
40,851 |
|
8,352 |
|
7,795 |
|
2,428 |
|
48,646 |
|
10,780 |
||||
Income from investments in associates |
|
0 |
|
0 |
|
21 |
|
15 |
|
21 |
|
15 |
||||
|
||||||||||||||||
The table below provides a detailed reconciliation of segment profit or loss before taxes to consolidated profit or loss before taxes:
|
|
Segment profit before taxes |
||
|---|---|---|---|---|
EUR ‘000 |
|
2023/2024 |
|
2022/2023 |
|
|
|
|
|
Segments total |
|
40,851 |
|
8,352 |
Other companies |
|
1,413 |
|
2,029 |
Other IFRS adjustments |
|
-207 |
|
2,563 |
IFRS 16 adjustments |
|
467 |
|
1,908 |
IFRS 9 adjustments |
|
6,130 |
|
-4,101 |
IFRS 15 adjustments |
|
-7 |
|
29 |
Consolidated net profit before taxes |
|
48,646 |
|
10,780 |
The Borussia Dortmund GmbH & Co. KGaA segment exceeded the 10% threshold stipulated in IFRS 8.34 for two customers by a total of EUR 209,663 thousand (previous year: two customers, EUR 158,805 thousand). In the past, no bad debts in excess of 2.5 percent have been reported for these customers.