Brief: Borussia Dortmund Sees FY 2021/22 Consolidated Net Loss At EUR 25.0 - 29.0 Mln

Borussia Dortmund GmbH & Co KgaA

02/06/2022 14:18

June 2 (Reuters) - BORUSSIA DORTMUND GMBH & CO KGAA
 BVB.DE :
    * UPDATED GUIDANCE FOR THE 2021/2022 FINANCIAL YEAR
    * FORECASTS A CONSOLIDATED NET LOSS OF EUR 25.0 - 29.0
MILLION FOR
2021/2022 FINANCIAL YEAR
    * FORECAST DETERIORATION OF EARNINGS SITUATION FOR 2021/2022
FINANCIAL YEAR IS DUE MAINLY TO PREMATURE DEPARTURE OF FORMER
HEAD COACH AND HIS COACHING STAFF
    * PARTIES REACHED AN AGREEMENT IN PRINCIPLE ON FINANCIAL
TERMS OF
EARLY TERMINATION OF EMPLOYMENT CONTRACTS WHICH WERE ORIGINALLY
DUE TO EXPIRE ON 30 JUNE 2024
    * THIS RESULTED IN A ONE-OFF WRITE-DOWN IN MID-SEVEN-DIGIT
RANGE
FOR 2021/2022 FINANCIAL YEAR

Source text for Eikon:  ID:nEQ41JPlDa 
Further company coverage:  BVB.DE 

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