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Borussia Dortmund (BVB) investor relations material
Borussia Dortmund Q1 2027 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q1 revenue edged up to €107.352m, while operating proceeds, EBITDA, EBIT and net profit declined, primarily due to lower transfer income and prior-year comparison effects.
Sporting start was strong: top of the Bundesliga after four match days with 12 points; opened the UEFA Champions League campaign with a 3–2 win over Villarreal.
Financial highlights
Revenue was €107.352m vs. €107.020m YoY; consolidated total operating proceeds fell to €141.124m from €175.280m, mainly on lower gross transfer proceeds.
EBITDA was €40.401m vs. €54.349m; EBIT was €16.135m vs. €26.535m; consolidated net profit was €11.955m vs. €22.943m.
Free cash flow was €11.707m vs. €16.588m; operating cash flow was €65.634m and investing cash flow was -€53.927m.
EPS was €0.11 vs. €0.21; total comprehensive income was €13.123m vs. €23.078m.
Outlook and guidance
FY 2026/2027 forecasts remain unchanged: revenue €485m–€495m; total operating proceeds €530m–€540m; EBITDA €118m–€128m; EBIT €10m–€20m.
FY net profit forecast is €0m–€10m; free cash flow forecast is -€20m to -€10m.
- FY25/26 revenue fell to €460.5m as growth investments and international expansion take focus.BVB
Investor presentation - Revenue and profit fell sharply; no dividend proposed, modest profit expected next year.BVB
Q4 2026 - Revenue and profit fell sharply, with a net loss and no dividend proposed for 2025/2026.BVB
Q4 2026 (Media) - Revenue and profit fell, guidance cut after Champions League exit; sponsorships and transfers key.BVB
Q3 2026 - Net profit more than doubled on stable revenue, driven by strong transfer income and cost control.BVB
Q2 2026 - Net profit surged to €22.9 million on stable revenue and strong transfer income.BVB
Q1 2026 - Revenue up, but profit and transfer income down sharply; cash flow from operations improved.BVB
Q4 2025 - Revenue up, but profit and transfer income fell sharply amid high player investment.BVB
Q1 24/25 - Record revenue and profit achieved, with a proposed EUR 0.06 dividend per share.BVB
H2 23/24
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