Sparks commentary - Borussia Dortmund

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Sparks - Borussia Dortmund

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Borussia Dortmund (FRA: BVB) – change to end-Q324 net debt figure
Published by Russell Pointon

We have identified an error in the quoted net debt figure in our outlook note published on 16 December 2024. The quoted net debt figure of  €33.4m at the end of September 2024 was understated by the value of current financial liabilities of €28.5m and should have been €61.9m. Adjusting for the understatement reduces our sum-of-the-parts valuation by c 2%, from €11.75 per share to €11.49 per share.

 

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