Borussia Dortmund GmbH & Co. KGaA / Key word(s): Research Update
The Bankhaus Lampe KG, Düsseldorf, has published a research update dated March 5th, 2010, and has issued again an 'Hold' recommendation.
The recently published semi-annual report H1 2009/2010 demonstrated that a slump of profit due to the financial crisis failed to appear. Moreover, it seems that a negative momentum regarding the each and single revenues can not be expected in the second half of the fiscal year 2009/2010. Nevertheless and due to the promising placement in the Bundesliga there are upside potentials in the field of TV-Rights distribution, transfer revenues in the summer off-season and last but not least given to a possible qualification for an international UEFA competition.
For further information please see the column 'capital markets view' under www.borussia-aktie.de.
Dortmund, March 5th, 2010
Borussia Dortmund GmbH & Co. KGaA Borussia Dortmund Geschäftsführungs-GmbH
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