German 1.Bundesliga champion Borussia Dortmund has reported a 22.4% rise in its revenues for the first half of the 2012-13 financial year, while its pre-tax profit also rose by Eur800,000 to Eur17.5 million compared to the same period last year.
The period spanning July 1 to December 31 saw turnover grow to Eur124.1 million from Eur101.4 million in the first half of the 2011-12 financial year – a campaign in which it broke the Eur100 million threshold for the first time over a six-month period. “The figures we announce today are further proof of the ever-growing economic strength of the BVB,” said Borussia Dortmund CEO Hans-Joachim Watzke. “However, our core principle of sustainability before speed will remain.”
Dortmund’s last full-year financial report saw it generate record revenues of Eur215.2 million for the 2011-12 financial year. The figures came off the back of another successful season in which Dortmund defended its 1.Bundesliga title and also won the DFB-Pokal by defeating Bayern Munchen 5-2. Along with reporting a 42.1% rise in revenues to a record high in the club’s 103-year history, Dortmund added that it turned a profit of Eur39.3 million before tax. Dortmund endured highly-publicised problems in the wake of its 2002 1.Bundesliga title, when it was close to bankruptcy before recovering in 2005.
While the Ruhr valley club remains in contention in this season’s UEFA Champions League and DFB Cup it looks unlikely to defend its Bundesliga title. Dortmund currently lies second in the table, but is 17 points behind leader Bayern.