Cash flow Borussia Dortmund GmbH

Equities

BVB

DE0005493092

Leisure & Recreation

Market Closed - Xetra Other stock markets 16:35:09 13/03/2026 GMT			5-day change	1st Jan Change
3.060 ^EUR	+0.16%		-1.29%	-7.27%

03-12	Transfer Coup: Kellermann Appointed Sporting Director of BVB Women	DP
03-11	'Key Cornerstone': Nmecha stays in Dortmund until 2030	DP

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Published financial data: BORUSSIA DORTMUND GMBH

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2021	2022	2023	2024	2025
Revenues	350M	414M	491M	607M	564M
Total Revenues	350M	414M	491M	607M	564M
Cost of Goods Sold, Total	19.59M	22.64M	24.11M	32.71M	27.36M
Gross Profit	330M	391M	467M	574M	537M
Selling General & Admin Expenses, Total	226M	244M	247M	282M	282M
Depreciation & Amortization - (IS)	106M	101M	103M	94.35M	98.35M
Other Operating Expenses	69.62M	81.72M	99.09M	147M	139M
Other Operating Expenses, Total	402M	426M	450M	523M	520M
Operating Income	-72.23M	-35.33M	17.16M	50.88M	16.67M
Interest Expense, Total	-1.43M	-5.38M	-9.7M	-5.2M	-7.24M
Interest And Investment Income	287K	1.14M	3.56M	7.9M	6.24M
Net Interest Expenses	-1.14M	-4.25M	-6.15M	2.7M	-997K
Income (Loss) On Equity Invest.	81K	60K	15K	21K	28K
Other Non Operating Income (Expenses)	1.08M	13.49M	3.11M	5.03M	835K
EBT, Excl. Unusual Items	-72.2M	-26.03M	14.14M	58.63M	16.54M
Asset Writedown	-4.81M	-9.09M	-3.36M	-9.99M	-7M
Insurance Settlements	3.8M	1.75M	-	-	-
Other Unusual Items	66K	-	-	-	-
EBT, Incl. Unusual Items	-73.15M	-33.37M	10.78M	48.65M	9.54M
Income Tax Expense	-342K	1.69M	1.23M	4.34M	3.04M
Earnings From Continuing Operations	-72.81M	-35.06M	9.55M	44.31M	6.5M
Net Income to Company	-72.81M	-35.06M	9.55M	44.31M	6.5M
Minority Interest	-	-	-	-	-
Net Income - (IS)	-72.81M	-35.06M	9.55M	44.31M	6.5M
Net Income to Common Incl Extra Items	-72.81M	-35.06M	9.55M	44.31M	6.5M
Net Income to Common Excl. Extra Items	-72.81M	-35.06M	9.55M	44.31M	6.5M
Per Share Items
Net EPS - Basic	-0.79	-0.33	0.09	0.4	0.06
Basic EPS - Continuing Operations	-0.79	-0.33	0.09	0.4	0.06
Basic Weighted Average Shares Outstanding	92.16M	106M	106M	111M	110M
Net EPS - Diluted	-0.79	-0.33	0.09	0.4	0.06
Diluted EPS - Continuing Operations	-0.79	-0.33	0.09	0.4	0.06
Diluted Weighted Average Shares Outstanding	92.16M	106M	106M	111M	110M
Normalized Basic EPS	-0.49	-0.15	0.08	0.33	0.09
Normalized Diluted EPS	-0.49	-0.15	0.08	0.33	0.09
Dividend Per Share	-	-	-	0.06	0.06
Payout Ratio	-	-	-	-	101.94
Supplemental Items
EBITDA	30.72M	62.5M	117M	143M	113M
EBITA	20.4M	52.16M	107M	133M	102M
EBIT	-72.23M	-35.33M	17.16M	50.88M	16.67M
EBITDAR	31.78M	63.64M	118M	145M	114M
Effective Tax Rate - (Ratio)	0.47	-5.07	11.41	8.92	31.88
Total Current Taxes	-342K	1.69M	1.23M	4.34M	3.04M
Total Deferred Taxes	0	0	0	0	0
Normalized Net Income	-45.13M	-16.27M	8.84M	36.64M	10.34M
Interest on Long-Term Debt	772K	675K	538K	359K	357K
Supplemental Operating Expense Items
Advertising Expense	10.71M	12.41M	11.24M	13.52M	13.79M
Selling and Marketing Expenses	10.71M	12.41M	11.24M	13.52M	13.79M
Net Rental Expense, Total	1.06M	1.14M	1.25M	2.32M	1.62M
Imputed Operating Lease Interest Expense	219K	1.03M	3.76M	2.58M	2.13M
Imputed Operating Lease Depreciation	841K	107K	-2.5M	-251K	-518K

Fiscal Period: June	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	1.72M	10.57M	4.5M	4.36M	20.63M
Total Cash And Short Term Investments	1.72M	10.57M	4.5M	4.36M	20.63M
Accounts Receivable, Total	27.2M	38.46M	36.78M	84.18M	73.08M
Other Receivables	11.54M	14.12M	5.6M	8.19M	7.9M
Total Receivables	38.74M	52.57M	42.38M	92.37M	80.98M
Inventory	6.81M	4.42M	5.44M	5.29M	8.85M
Prepaid Expenses	538K	787K	581K	589K	1.15M
Other Current Assets, Total	12.9M	28.27M	18.2M	13.8M	15.14M
Total Current Assets	60.72M	96.62M	71.11M	116M	127M
Gross Property Plant And Equipment	359M	362M	384M	389M	392M
Accumulated Depreciation	-176M	-189M	-202M	-191M	-195M
Net Property Plant And Equipment	183M	172M	182M	198M	197M
Long-term Investments	402K	382K	480K	580K	1.09M
Other Intangibles, Total	193M	124M	170M	184M	241M
Accounts Receivable Long-Term	10.39M	59.53M	87.24M	89.5M	47.47M
Loans Receivable Long-Term	27K	344K	-	-	-
Deferred Tax Assets Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	2.09M	1.33M	1.08M	859K	1.72M
Total Assets	451M	455M	512M	590M	616M
Liabilities
Accounts Payable, Total	64.1M	68.98M	86.02M	106M	104M
Accrued Expenses, Total	6.97M	9.47M	9.38M	7.4M	11.2M
Short-term Borrowings	56.9M	-	-	-	-
Current Portion of Long-Term Debt	-	-	12.8M	2.62M	5.15M
Current Portion of Leases	4.24M	4.65M	2.61M	2.49M	2.7M
Current Income Taxes Payable	40K	4K	1.14M	5.4M	8.06M
Unearned Revenue Current, Total	5.09M	19.92M	23.17M	20.65M	20.56M
Deferred Tax Liability Current	-	-	-	-	-
Other Current Liabilities	26.26M	27.57M	25.9M	38.03M	37.42M
Total Current Liabilities	164M	131M	161M	183M	189M
Long-Term Debt	-	-	8.83M	26.08M	29.02M
Long-Term Leases	16.82M	12.53M	10.35M	9.39M	10.24M
Unearned Revenue Non Current	-	20K	10K	-	-
Other Non Current Liabilities	37.46M	31.41M	48.93M	44.22M	61.36M
Total Liabilities	218M	175M	229M	263M	289M
Common Stock, Total	92M	110M	110M	110M	110M
Additional Paid In Capital	143M	207M	203M	203M	203M
Retained Earnings	-2.09M	-37.15M	-30.19M	14.11M	13.43M
Treasury Stock	-113K	-113K	-113K	-113K	-113K
Comprehensive Income and Other	-	-	-	-	-
Total Common Equity	233M	281M	283M	327M	326M
Total Equity	233M	281M	283M	327M	326M
Total Liabilities And Equity	451M	455M	512M	590M	616M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	91.98M	110M	110M	110M	110M
ECS Total Common Shares Outstanding	91.98M	110M	110M	110M	110M
Book Value / Share	2.53	2.54	2.56	2.96	2.96
Tangible Book Value	39.2M	156M	113M	143M	85.16M
Tangible Book Value Per Share	0.43	1.41	1.02	1.3	0.77
Total Debt	77.96M	17.18M	34.59M	40.58M	47.11M
Net Debt	76.24M	6.61M	30.1M	36.22M	26.47M
Debt Equivalent Oper. Leases	8.48M	9.09M	10.02M	18.6M	12.93M
Equity Method Investments, Total	402K	382K	397K	415K	884K
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Others	7.24M	5.51M	5.64M	5.74M	9M
Land - (BS)	260M	260M	272M	274M	319M
Machinery, Total	99.11M	101M	112M	116M	72.97M
Full Time Employees	806	827	923	1.02K	1.06K
Accumulated Allowance for Doubtful Accounts (Supple)	1.18M	2.41M	2.89M	3.14M	2.63M

Fiscal Period: June	2021	2022	2023	2024	2025
Net Income	-72.81M	-35.06M	9.55M	44.31M	6.5M
Depreciation & Amortization - CF	13.6M	13.36M	12.95M	12.26M	12.76M
Amortization of Goodwill and Intangible Assets - (CF)	92.63M	87.5M	89.74M	82.08M	85.54M
Depreciation & Amortization, Total	106M	101M	103M	94.35M	98.3M
(Gain) Loss From Sale Of Asset	-16.24M	-81.72M	-75.49M	-113M	-36.96M
(Gain) Loss on Sale of Investments - (CF)	-	-	260K	-	43K
Asset Writedown & Restructuring Costs	4.81M	9.09M	3.36M	9.99M	7M
(Income) Loss On Equity Investments - (CF)	-81K	-60K	15K	21K	28K
Other Operating Activities, Total	943K	25.7M	5.12M	19.36M	5.48M
Change in Other Net Operating Assets	-6.91M	16.27M	8.92M	-8.11M	-22.68M
Cash from Operations	15.95M	35.07M	54.43M	47.2M	57.71M
Capital Expenditure	-3.41M	-1.72M	-21.44M	-26.65M	-8.95M
Sale of Property, Plant, and Equipment	1K	-	1K	23K	21K
Sale (Purchase) of Intangible assets	-88.31M	-79.39M	-126M	-113M	-137M
Investment in Marketable and Equity Securities, Total	-	-	-	-70K	-520K
Net (Increase) Decrease in Loans Originated / Sold - Investing	5K	-237K	2K	-	-
Other Investing Activities, Total	29.7M	29.98M	71.12M	88.51M	110M
Cash from Investing	-62.02M	-51.36M	-76.75M	-51.59M	-36.73M
Long-Term Debt Issued, Total	56.9M	-	21.88M	7.88M	7.5M
Total Debt Issued	56.9M	-	21.88M	7.88M	7.5M
Long-Term Debt Repaid, Total	-4.39M	-61.32M	-5.63M	-3.63M	-5.58M
Total Debt Repaid	-4.39M	-61.32M	-5.63M	-3.63M	-5.58M
Issuance of Common Stock	-	86.46M	-	-	-
Common Dividends Paid	-	-	-	-	-6.62M
Common & Preferred Stock Dividends Paid	-	-	-	-	-6.62M
Other Financing Activities, Total	-	-	-	-	-
Cash from Financing	52.51M	25.14M	16.25M	4.26M	-4.7M
Net Change in Cash	6.44M	8.85M	-6.08M	-136K	16.27M
Supplemental Items
Cash Interest Paid	1.43M	328K	1.09M	1.52M	2.87M
Cash Income Tax Paid (Refund)	-	-	-	-	-
Levered Free Cash Flow	-25.09M	-9.28M	-8.16M	-30.33M	-32.98M
Unlevered Free Cash Flow	-24.2M	-5.91M	-2.1M	-27.08M	-28.46M
Change In Net Working Capital	-6.44M	3.57M	-32.36M	13.17M	-8.92M
Net Debt Issued / Repaid	52.51M	-61.32M	16.25M	4.26M	1.92M

Fiscal Period: June	2021	2022	2023	2024	2025
Profitability
Return on Assets	-9.32	-4.88	2.21	5.77	1.73
Return on Total Capital	-13.92	-7.26	3.53	9.29	2.81
Return On Equity %	-27.06	-13.66	3.44	14.53	1.99
Return on Common Equity	-27.06	-13.66	3.44	14.53	1.99
Margin Analysis
Gross Profit Margin %	94.4	94.52	95.09	94.61	95.15
SG&A Margin	64.75	58.92	50.42	46.46	50.03
EBITDA Margin %	8.79	15.11	23.83	23.54	19.96
EBITA Margin %	5.84	12.62	21.78	21.91	18.13
EBIT Margin %	-20.66	-8.54	3.5	8.38	2.96
Income From Continuing Operations Margin %	-20.83	-8.48	1.95	7.3	1.15
Net Income Margin %	-20.83	-8.48	1.95	7.3	1.15
Net Avail. For Common Margin %	-20.83	-8.48	1.95	7.3	1.15
Normalized Net Income Margin	-12.91	-3.93	1.8	6.04	1.83
Levered Free Cash Flow Margin	-7.18	-2.24	-1.66	-5	-5.85
Unlevered Free Cash Flow Margin	-6.92	-1.43	-0.43	-4.46	-5.05
Asset Turnover
Asset Turnover	0.72	0.91	1.01	1.1	0.94
Fixed Assets Turnover	1.86	2.32	2.77	3.19	2.85
Receivables Turnover (Average Receivables)	11.33	12.6	13.05	10.04	7.17
Inventory Turnover (Average Inventory)	2.89	4.04	4.89	6.09	3.87
Short Term Liquidity
Current Ratio	0.37	0.74	0.44	0.64	0.67
Quick Ratio	0.25	0.48	0.29	0.53	0.54
Operating Cash Flow to Current Liabilities	0.1	0.27	0.34	0.26	0.31
Days Sales Outstanding (Average Receivables)	32.22	28.98	27.98	36.47	50.9
Days Outstanding Inventory (Average Inventory)	126.33	90.46	74.63	60.05	94.31
Average Days Payable Outstanding	1.22K	1.2K	1.17K	1.08K	1.24K
Cash Conversion Cycle (Average Days)	-1.06K	-1.08K	-1.07K	-984.9	-1.09K
Long Term Solvency
Total Debt/Equity	33.51	6.12	12.24	12.41	14.44
Total Debt / Total Capital	25.1	5.77	10.9	11.04	12.61
LT Debt/Equity	7.23	4.47	6.78	10.85	12.03
Long-Term Debt / Total Capital	5.42	4.21	6.04	9.65	10.51
Total Liabilities / Total Assets	48.36	38.36	44.77	44.54	46.99
EBIT / Interest Expense	-50.62	-6.56	1.77	9.78	2.3
EBITDA / Interest Expense	23.83	12.17	12.35	27.9	15.89
(EBITDA - Capex) / Interest Expense	21.44	11.85	10.14	22.78	14.65
Total Debt / EBITDA	2.29	0.26	0.29	0.28	0.41
Net Debt / EBITDA	2.24	0.1	0.25	0.25	0.23
Total Debt / (EBITDA - Capex)	2.55	0.27	0.35	0.34	0.44
Net Debt / (EBITDA - Capex)	2.49	0.1	0.31	0.31	0.25
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-14.81	18.29	18.39	23.68	-7.1
Gross Profit, 1 Yr. Growth %	-14.94	18.45	19.08	23.06	-6.57
EBITDA, 1 Yr. Growth %	-43.46	89.07	73.97	22.18	-21.26
EBITA, 1 Yr. Growth %	-53.65	129.41	87.61	24.39	-23.13
EBIT, 1 Yr. Growth %	63.16	-49.45	-156.41	196.59	-67.23
Earnings From Cont. Operations, 1 Yr. Growth %	65.65	-51.85	-129.95	363.95	-85.34
Net Income, 1 Yr. Growth %	65.65	-51.85	-129.95	363.95	-85.34
Normalized Net Income, 1 Yr. Growth %	69.18	-61.92	-166.98	314.74	-71.8
Diluted EPS Before Extra, 1 Yr. Growth %	64.58	-58.23	-130	344.44	-85.34
Accounts Receivable, 1 Yr. Growth %	-21.22	41.39	-4.35	128.85	-13.18
Inventory, 1 Yr. Growth %	0.77	-35.12	23.28	-2.81	67.21
Net Property, Plant and Equip., 1 Yr. Growth %	-4.96	-6	5.68	8.79	-0.41
Total Assets, 1 Yr. Growth %	-13.02	1.01	11.65	15.21	4.4
Tangible Book Value, 1 Yr. Growth %	-48.27	298.19	-22.21	26.46	-40.43
Common Equity, 1 Yr. Growth %	-23.84	20.57	3.5	15.67	-0.21
Cash From Operations, 1 Yr. Growth %	-4.51K	119.92	55.19	-13.28	22.27
Capital Expenditures, 1 Yr. Growth %	-44.98	-49.65	1.15K	24.26	-66.42
Levered Free Cash Flow, 1 Yr. Growth %	-74.77	-60.74	-2.05K	271.55	8.74
Unlevered Free Cash Flow, 1 Yr. Growth %	-75.08	-74	-155.45	1.19K	5.1
Dividend Per Share, 1 Yr. Growth %	-	-	-	-	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-12.17	0.38	18.49	21	7.19
Gross Profit, 2 Yr. CAGR %	-12.59	0.37	18.92	21.05	7.22
EBITDA, 2 Yr. CAGR %	-46.39	7.26	88.09	45.79	-1.91
EBITA, 2 Yr. CAGR %	-54.17	8.86	116.82	52.76	-2.21
EBIT, 2 Yr. CAGR %	51.95	-10.66	-50.46	29.35	-1.42
Earnings From Cont. Operations, 2 Yr. CAGR %	104.61	-10.69	-63.78	17.88	-17.52
Net Income, 2 Yr. CAGR %	104.61	-10.69	-63.78	17.88	-17.52
Normalized Net Income, 2 Yr. CAGR %	42.38	-21.91	-54.52	66.67	8.16
Diluted EPS Before Extra, 2 Yr. CAGR %	103.91	-17.08	-66.25	15.47	-19.13
Accounts Receivable, 2 Yr. CAGR %	-3.22	5.54	16.29	47.95	40.96
Inventory, 2 Yr. CAGR %	22.05	-19.14	-10.56	9.46	27.48
Net Property, Plant and Equip., 2 Yr. CAGR %	-0.15	-5.48	-0.33	7.22	4.09
Total Assets, 2 Yr. CAGR %	-5.08	-6.27	6.59	13.42	9.67
Tangible Book Value, 2 Yr. CAGR %	-54.72	43.53	69.81	-0.82	-13.2
Common Equity, 2 Yr. CAGR %	-19.04	-4.17	10.24	9.42	7.44
Cash From Operations, 2 Yr. CAGR %	-25.47	884.28	84.74	16.01	2.97
Capital Expenditures, 2 Yr. CAGR %	-41.37	-47.37	150.63	293.72	-35.4
Levered Free Cash Flow, 2 Yr. CAGR %	-15.39	-69.46	-41.22	751.31	101
Unlevered Free Cash Flow, 2 Yr. CAGR %	-15.28	-75.33	-69.62	167.52	268.28
Dividend Per Share, 2 Yr. CAGR %	-	-	-	-	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-13.28	-3	6.15	20.19	10.8
Gross Profit, 3 Yr. CAGR %	-13.84	-3.27	6.35	20.28	11.04
EBITDA, 3 Yr. CAGR %	-39.13	-16.38	29.12	62.9	18.73
EBITA, 3 Yr. CAGR %	-45.36	-18.72	34.41	80.16	21.51
EBIT, 3 Yr. CAGR %	7.44	4.14	-27.09	-10.04	-18.16
Earnings From Cont. Operations, 3 Yr. CAGR %	31.93	26.33	-39.88	-15.26	-41.16
Net Income, 3 Yr. CAGR %	31.93	26.33	-39.88	-15.26	-41.16
Normalized Net Income, 3 Yr. CAGR %	9.49	-9.93	-30.81	-4.98	-7.81
Diluted EPS Before Extra, 3 Yr. CAGR %	32.45	20.2	-42.76	-20.3	-41.89
Accounts Receivable, 3 Yr. CAGR %	9.6	9.81	2.14	45.73	23.87
Inventory, 3 Yr. CAGR %	6.79	-1.13	-6.94	-8.05	26.06
Net Property, Plant and Equip., 3 Yr. CAGR %	0.51	-2.14	-1.9	2.62	4.62
Total Assets, 3 Yr. CAGR %	-2.47	-3.1	-0.4	9.39	10.33
Tangible Book Value, 3 Yr. CAGR %	-44	-6.54	14.26	53.92	-16.32
Common Equity, 3 Yr. CAGR %	-12.19	-7.54	-2.55	12.02	6.11
Cash From Operations, 3 Yr. CAGR %	-54.6	6.9	431.74	43.58	18.06
Capital Expenditures, 3 Yr. CAGR %	-22.98	-44.27	51.19	98.36	73.31
Levered Free Cash Flow, 3 Yr. CAGR %	-18.04	-35.79	-56.54	8.68	328.73
Unlevered Free Cash Flow, 3 Yr. CAGR %	-17.13	-44.03	-72.15	6	95.93
Dividend Per Share, 3 Yr. CAGR %	-	-	-	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-1.46	0.38	-1.75	6.02	6.56
Gross Profit, 5 Yr. CAGR %	-1.2	0.58	-1.99	5.86	6.7
EBITDA, 5 Yr. CAGR %	-18.57	-3.16	-3	5.98	15.67
EBITA, 5 Yr. CAGR %	-22.91	-3.36	-3.09	6.48	18.35
EBIT, 5 Yr. CAGR %	10.9	28.82	-21.68	10.22	-17.74
Earnings From Cont. Operations, 5 Yr. CAGR %	19.86	33.69	-21.34	20.57	-31.77
Net Income, 5 Yr. CAGR %	20.06	33.69	-21.34	20.57	-31.77
Normalized Net Income, 5 Yr. CAGR %	11.76	23.34	-23.8	10.48	-17.27
Diluted EPS Before Extra, 5 Yr. CAGR %	20.01	29.9	-23.34	16.05	-34.28
Accounts Receivable, 5 Yr. CAGR %	-11.57	-3.38	12.23	23.72	16.18
Inventory, 5 Yr. CAGR %	-7.7	-13.23	-0.52	2.98	5.55
Net Property, Plant and Equip., 5 Yr. CAGR %	-0.53	-1.36	0.17	1.5	0.45
Total Assets, 5 Yr. CAGR %	1.19	-1	1.06	3.35	3.52
Tangible Book Value, 5 Yr. CAGR %	-30.64	-1.78	-12.73	-5.65	2.36
Common Equity, 5 Yr. CAGR %	-5.55	-2.12	-3.83	-1.62	1.33
Cash From Operations, 5 Yr. CAGR %	-14.66	-20.5	-20.4	10.45	175.75
Capital Expenditures, 5 Yr. CAGR %	-19.08	-26.82	23.48	21.82	7.6
Levered Free Cash Flow, 5 Yr. CAGR %	-2.64	-7.34	-29.1	-2.85	-19.81
Unlevered Free Cash Flow, 5 Yr. CAGR %	-4.26	-16.98	-45.22	-4.29	-21.77
Dividend Per Share, 5 Yr. CAGR %	-	-	-	0	-