Investor Relations
The aim 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 https://aktie.bvb.de/en/. 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 2023/2024 was to continue to foster communication with the capital markets. The Annual Press Conference on the preliminary figures of the 2022/2023 financial year was held as a hybrid in-person/virtual event in Dortmund on 21 August 2023. The Company also held a virtual analyst conference on the same day. In the reporting period, the Company also took part in roadshows with capital market representatives on 1 August 2023 in Chicago, USA, on 19 September 2023 at the “Berenberg and Goldman Sachs Twelfth German Corporate Conference”, on 26 September 2023 in virtual format – organized by Edison – with participants from the USA, on 6/7 March 2024 in person in London (UK), in virtual format – organized by Hauck & Aufhäuser – with participants from Europe, on 6 June 2024 at the “ODDO BHF Nextcap Forum 2024” with participants from France, on 11/18 June 2024 in virtual format – organized by Edison – with participants from the UK and Europe, as well as group or one-on-one virtual meetings and conference calls.
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: 23 May 2024, Recommendation: “Buy” (previously: “Buy”)
Target price: EUR 5.00 (previously: EUR 5.00);
- Edison Research Investment Ltd., London, UK
Most recent research update: 21 May 2024, Recommendation: “n/a”
- Joh. Berenberg, Gossler & Co. KG (“Berenberg”), Hamburg
Most recent research update: 13 May 2024, Recommendation: “Buy” (previously: “Buy”)
Target price: EUR 6.00 (previously: EUR 6.00);
- Hauck & Aufhäuser Privatbankiers AG, Hamburg
Most recent research update: 8 May 2024, Recommendation: “Buy” (previously: “Buy”)
Target price: EUR 5.50 (previously: EUR 5.50);
- ODDO BHF SE, Frankfurt am Main
Most recent research update: 8 May 2024, Recommendation: “Outperform” (previously: “Outperform”),
Target price: EUR 5.00 (previously: EUR 5.00);
- GSC Research GmbH, Düsseldorf
Most recent research update: 29 April 2024, Recommendation: “Buy” (previously: “Buy”)
Target price: EUR 5.50 (previously: EUR 5.50);
Individual studies and research updates that our Company is entitled to publish are available online at www.bvb.de/aktie and http://aktie.bvb.de/en/ under “BVB Share”, sub-heading “Capital Market View”.
Hauck Aufhäuser Lampe Privatbank AG was our Company’s designated sponsor during the reporting period.