Operating segments
Borussia Dortmund has three 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 subsidiary BVB Event & Catering GmbH is also classified as a reportable segment. 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.
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.
|
|
Borussia Dortmund KGaA |
|
BVB Merchandising |
|
BVB Event & Catering |
|
Total |
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUR ‘000 |
|
2024/2025 |
|
2023/2024 |
|
2024/2025 |
|
2023/2024 |
|
2024/2025 |
|
2023/2024 |
|
2024/2025 |
|
2023/2024 |
||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Total revenue |
|
528,663 |
|
562,410 |
|
42,904 |
|
50,033 |
|
38,268 |
|
36,766 |
|
609,835 |
|
649,209 |
||||
of which match operations |
|
55,221 |
|
52,582 |
|
0 |
|
0 |
|
0 |
|
0 |
|
55,221 |
|
52,582 |
||||
of which advertising |
|
153,557 |
|
146,609 |
|
0 |
|
0 |
|
0 |
|
0 |
|
153,557 |
|
146,609 |
||||
of which TV marketing |
|
227,200 |
|
206,050 |
|
0 |
|
0 |
|
0 |
|
0 |
|
227,200 |
|
206,050 |
||||
of which transfer deals |
|
71,223 |
|
129,678 |
|
0 |
|
0 |
|
0 |
|
0 |
|
71,223 |
|
129,678 |
||||
of which merchandising |
|
0 |
|
0 |
|
42,904 |
|
50,033 |
|
0 |
|
0 |
|
42,904 |
|
50,033 |
||||
of which conference, catering, miscellaneous |
|
21,462 |
|
27,492 |
|
0 |
|
0 |
|
38,268 |
|
36,766 |
|
59,731 |
|
64,258 |
||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Total revenue |
|
528,663 |
|
562,410 |
|
42,904 |
|
50,033 |
|
38,268 |
|
36,766 |
|
609,835 |
|
649,209 |
||||
of which external |
|
525,916 |
|
559,559 |
|
40,033 |
|
47,898 |
|
23,269 |
|
24,680 |
|
589,219 |
|
632,136 |
||||
of which internal |
|
2,747 |
|
2,852 |
|
2,870 |
|
2,135 |
|
14,999 |
|
12,086 |
|
20,617 |
|
17,072 |
||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Net interest income/expense |
|
-1,980 |
|
-3,070 |
|
0 |
|
0 |
|
0 |
|
0 |
|
-1,979 |
|
-3,070 |
||||
of which interest expense |
|
-3,954 |
|
-5,756 |
|
0 |
|
0 |
|
0 |
|
0 |
|
-3,954 |
|
-5,756 |
||||
of which interest income |
|
1,974 |
|
2,686 |
|
0 |
|
0 |
|
0 |
|
0 |
|
1,975 |
|
2,686 |
||||
Cost of materials |
|
0 |
|
0 |
|
-17,921 |
|
-23,616 |
|
-9,437 |
|
-9,096 |
|
-27,359 |
|
-32,712 |
||||
Personnel expenses |
|
-248,787 |
|
-250,751 |
|
-5,353 |
|
-4,930 |
|
-4,433 |
|
-3,795 |
|
-258,573 |
|
-259,476 |
||||
Depreciation, amortisation and write-downs |
|
-101,429 |
|
-101,214 |
|
-431 |
|
-416 |
|
-62 |
|
-40 |
|
-101,921 |
|
-101,670 |
||||
Other operating expenses |
|
-186,641 |
|
-192,026 |
|
-13,100 |
|
-11,187 |
|
-21,351 |
|
-21,217 |
|
-221,092 |
|
-224,429 |
||||
Other effects |
|
6,421 |
|
9,255 |
|
597 |
|
1,134 |
|
791 |
|
477 |
|
7,810 |
|
10,866 |
||||
Segment profit before taxes* |
|
-3,752 |
|
24,606 |
|
6,695 |
|
11,019 |
|
3,777 |
|
3,095 |
|
6,720 |
|
38,719 |
||||
Profit/loss from profit transfer |
|
14,334 |
|
17,570 |
|
0 |
|
0 |
|
0 |
|
0 |
|
14,334 |
|
17,570 |
||||
Net income/loss from investments in associates |
|
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 |
|
2024/2025 |
|
2023/2024 |
|
2024/2025 |
|
2023/2024 |
|
2024/2025 |
|
2023/2024 |
||||
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Total revenue |
|
609,835 |
|
649,209 |
|
-83,816 |
|
-140,099 |
|
526,019 |
|
509,110 |
||||
of which match operations |
|
55,221 |
|
52,582 |
|
0 |
|
0 |
|
55,221 |
|
52,582 |
||||
of which advertising |
|
153,557 |
|
146,609 |
|
0 |
|
-32 |
|
153,557 |
|
146,576 |
||||
of which TV marketing |
|
227,200 |
|
206,050 |
|
0 |
|
0 |
|
227,200 |
|
206,050 |
||||
of which transfer deals |
|
71,223 |
|
129,678 |
|
-71,223 |
|
-129,678 |
|
0 |
|
0 |
||||
of which merchandising |
|
42,904 |
|
50,033 |
|
-2,870 |
|
-2,135 |
|
40,033 |
|
47,898 |
||||
of which conference, catering, miscellaneous |
|
59,731 |
|
64,258 |
|
-9,722 |
|
-8,253 |
|
50,008 |
|
56,004 |
||||
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Total revenue |
|
609,835 |
|
649,209 |
|
-83,816 |
|
-140,099 |
|
526,019 |
|
509,110 |
||||
of which external |
|
589,219 |
|
632,136 |
|
-63,199 |
|
-123,026 |
|
526,019 |
|
509,110 |
||||
of which internal |
|
20,617 |
|
17,072 |
|
-20,617 |
|
-17,072 |
|
0 |
|
0 |
||||
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Net interest income/expense |
|
-1,979 |
|
-3,070 |
|
982 |
|
5,769 |
|
-997 |
|
2,699 |
||||
of which interest expense |
|
-3,954 |
|
-5,756 |
|
-3,282 |
|
551 |
|
-7,236 |
|
-5,205 |
||||
of which interest income |
|
1,975 |
|
2,686 |
|
4,265 |
|
5,218 |
|
6,239 |
|
7,904 |
||||
Cost of materials |
|
-27,359 |
|
-32,712 |
|
0 |
|
0 |
|
-27,359 |
|
-32,712 |
||||
Personnel expenses |
|
-258,573 |
|
-259,476 |
|
-9,723 |
|
-9,030 |
|
-268,296 |
|
-268,506 |
||||
Depreciation, amortisation and write-downs |
|
-101,921 |
|
-101,670 |
|
-3,426 |
|
-2,663 |
|
-105,347 |
|
-104,333 |
||||
Other operating expenses |
|
-221,092 |
|
-224,429 |
|
58,781 |
|
57,683 |
|
-162,311 |
|
-166,745 |
||||
Other effects |
|
7,810 |
|
10,866 |
|
40,018 |
|
98,267 |
|
47,828 |
|
109,133 |
||||
Segment profit before taxes* |
|
6,720 |
|
38,719 |
|
2,816 |
|
9,927 |
|
9,537 |
|
48,646 |
||||
Profit/loss from profit transfer |
|
14,334 |
|
17,570 |
|
-14,334 |
|
-17,570 |
|
0 |
|
0 |
||||
Income from investments in associates |
|
0 |
|
0 |
|
28 |
|
21 |
|
28 |
|
21 |
||||
|
||||||||||||||||
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 |
|
2024/2025 |
|
2023/2024 |
|
|
|
|
|
Segments total |
|
6,720 |
|
38,719 |
Other companies |
|
4,122 |
|
3,544 |
Net transfer income |
|
-3,249 |
|
1,454 |
Adjustments (IFRS 9) |
|
1,514 |
|
5,985 |
Adjustments (IAS 16) |
|
929 |
|
805 |
Adjustments (IFRS 16) |
|
493 |
|
467 |
Adjustments (IAS 38) |
|
-1,783 |
|
-1,027 |
Other IFRS adjustments |
|
790 |
|
-1,301 |
Consolidated net profit before taxes |
|
9,537 |
|
48,646 |
The Borussia Dortmund GmbH & Co. KGaA segment exceeded the 10% threshold stipulated in IFRS 8.34 for two customers by a total of EUR 193,629 thousand (previous year: two customers, EUR 209,663 thousand). In the past, no bad debts in excess of 2.5 percent have been reported for these customers.