BORUSSIA DORTMUNDGmbH & Co. Kommanditgesellschaft auf Aktien, Dortmund DIVIDEND POLICY Two key indicators are assessed to shape Borussia In order to remain competitive, Borussia Dortmund Dortmund's dividend policy. intends to use its net income for the year and cash On the one hand, Borussia Dortmund assesses its and cash equivalents primarily for investments. earnings situation, and in the financial years before The primary focus is on strengthening the COVID-19 it generated a net profit. The Company professional squad, modernising SIGNAL IDUNA reported a net loss for the current financial year, PARK and expanding the training ground in in particular on account of the continuing effects Dortmund-Brackel. Despite these investments, it of the COVID-19 pandemic. is Borussia Dortmund's aim to continue distributing On the other hand, free cash flow is used to ensure a dividend to its shareholders every year, provided that cash flows from operating activities are it generates a net profit. sufficient to cover investments. Dividend distribution 30,000 20,000 10,000 2019/2020 0 2015/2016 2016/2017 2017/2018 2018/2019 -10,000 -20,000 -30,000 -40,000 -50,000 Net income/loss for the year (EUR ’000) Dividend distributed (EUR ’000) DFB cup 1/8 final 20th match day 2 February 2021 6 February 2021 BVB - FC Paderborn 3:2 n. V. Sportclub Freiburg - BVB 2:1 134