on Borussia Dortmund GmbH & Co. KGaA (isin : DE0005493092)
Borussia Dortmund Adjusts Earnings Forecast Upwards for FY 2023/24 Following Champion's League Progress
Borussia Dortmund has announced an increase in its earnings forecast for the financial year 2023/2024, following a successful progression to the quarterfinals of the UEFA Champions League. The German football club now anticipates a consolidated net profit ranging between EUR 25 million and EUR 35 million, an adjustment from the previously projected EUR 15 million to EUR 25 million.
The revision reflects the uncertainty stemming from the team's future performances and global political circumstances, notably concerning the war in Ukraine. Despite these factors, the club maintains an optimistic economic outlook. The updated forecast remains contingent on further value-adding developments and any new insights gained in the preparation and audit of the annual financial statements for the fiscal year.
R. H.
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