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/ and 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 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 2024/2025 was to continue to foster communication with the capital markets. The Annual Press Conference on the preliminary figures of the 2023/2024 financial year was held as a hybrid in-person/virtual event in Dortmund on 16 August 2024. The Company also held a virtual analyst conference on 19 August 2024. In the reporting period, the Company also took part in roadshows with capital market representatives on 11/12 September 2024 and on 21/27 March 2025 with Edison and on 23 June 2025 with ODDO BHF in virtual form with a focus on prospective investors in the USA and England as well as in person on 24 September 2024 at the Berenberg and Goldman Sachs German Corporate Conference in Munich, on 26 November 2024 at the German Equity Forum in Frankfurt am Main, and on 10 June 2025 with Edison in New York (USA). Lastly, group and one-on-one virtual meetings and conference calls were held at the request of interested investors.
The Company is also pleased to be included in the research coverage of the following firms:
- GSC Research GmbH, Düsseldorf
Most recent research update: 10 June 2025, Recommendation: “Buy” (previously: “Buy”)
Target price: EUR 5.50 (previously: EUR 5.50); - Edison Research Investment Ltd., London, UK
Most recent research update: 20 May 2025, Recommendation: “n/a” - Hauck & Aufhäuser Privatbankiers AG, Hamburg
Most recent research update: 19 May 2025, Recommendation: “Buy” (previously: “Buy”)
Target price: EUR 5.20 (previously: EUR 5.50); - ODDO BHF SE, Frankfurt am Main
Most recent research update: 16 May 2025, Recommendation: “Outperform” (previously: “Outperform”),
Target price: EUR 5.00 (previously: EUR 5.00); - Joh. Berenberg, Gossler & Co. KG (“Berenberg”), Hamburg
Most recent research update: 14 November 2024, Recommendation: “Buy” (previously: “Buy”)
Target price: EUR 6.00 (previously: EUR 6.00);
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/eng under “BVB Share”, sub-heading “Capital Market View”.
Hauck Aufhäuser Lampe Privatbank AG was our Company’s designated sponsor during the reporting period.