Bundesliga Club Borussia Dortmund Beats Profit Expectations For '13-14.
Borussia Dortmund recorded a double-digit million profit for the third year in a row and exceeded even its own sales target. Club CEO Hans-Joachim Watzke and CFO Thomas Treß made the announcement at Dortmund's annual press conference regarding the preliminary results of the fiscal year '13-14.
Watzke said, "Borussia Dortmund once again kept its word. After a sales and earnings situation significantly driven by player transfers in the preceding financial year 2012-2013 -- and in which an all time record in terms of profit in the Bundesliga could be achieved -- we set ourselves, as is known, an ambitious target: To pass the revenue mark of €250 million ($334M) in the fiscal year 2013-2014 without any transfer deal."
In the past fiscal year '13-14 (July 1, 2013-June 30, 2014), Borussia Dortmund recorded revenues of €260.7M in the group to which BVB Merchandising GmbH belongs, among other things. Profit after taxes amounted to €12.0M in the group. Borussia Dortmund GmbH & Co. KGaA achieved revenues of €223.8M in the individual financial statement and recorded a profit after taxes of €10.6M (Borussia Dortmund).