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 GmbH, 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 2025/2026 was to continue to foster communication with the capital markets. The Annual Press Conference on the preliminary figures of the 2024/2025 financial year was held as a hybrid in-person/virtual event in Dortmund on 15 August 2025. The Company also held a virtual analyst conference on the same day. On 9 December 2025, our Company marked its 25th anniversary as a listed company, celebrating the milestone on the trading floor in Frankfurt am Main together with the management team, members of the BVB Supervisory Board and the Works Council, as well as shareholders and representatives from Deutsche Börse and the capital market. During the reporting period, roadshow events were held with capital market representatives on 24, 25 and 26 March 2026 in a virtual format in collaboration with Edison, focusing on prospective investors in Switzerland and England (UK). 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:
Edison Research Investment Ltd., London, UK
Most recent research update: 20 May 2026, Recommendation: “n/a”ODDO BHF SE, Frankfurt am Main
Most recent research update: 7 May 2026, Recommendation: “Outperform” (previously: “Outperform”),
Target price: EUR 5.00 (previously: EUR 5.00);Nuways AG (by Hauck Aufhäuser Lampe), Hamburg
Most recent research update: 05 May 2026, Recommendation: “Buy” (previously: “Buy”)
Target price: EUR 5.00 (previously: EUR 5.10);Joh. Berenberg, Gossler & Co. KG (“Berenberg”), Hamburg
Most recent research update: 17 February 2026, Recommendation: “Buy” (previously: “Buy”)
Target price: EUR 5.00 (previously: EUR 6.00);GSC Research GmbH, Düsseldorf
Most recent research update: 10 June 2025, 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 http://bvb.de/aktie and http://aktie.bvb.de/en under “BVB Share”, sub-heading “Capital Market View”.
During the reporting period, our Company’s designated sponsor was Hauck Aufhäuser Lampe, a brand of ABN AMRO Bank N.V. Frankfurt Branch, Frankfurt am Main.