Borussia Dortmund GmbH & Co. KGaA: Edison Research starts initial coverage of BVB-share
DGAP-News: Borussia Dortmund GmbH & Co. KGaA / Key word(s): Research Update Borussia Dortmund GmbH & Co. KGaA: Edison Research starts initial coverage of BVB-share
24.04.2013 / 13:25
The Edison Research Investment Ltd. , London (UK), starts initial coverage of BVB-share with its study dated April 23rd, 2013.
While Borussia Dortmund's recent on-field heroics may be hard to match underlying profit progression marks this management's turnaround of the business, and positive development of its powerful brand, on a platform of sustained playing success. A material long-term boost to domestic TV rights reduces concerns about player wage pressures and consumer spend, while disciplined finances hold the company in good stead in a market subject to growing regulation. This year's likely step change in pre-transfer EBITDA should be a catalyst for the underrated share price.
For further information please see the column 'capital markets view' under www.bvb.de/aktie.
Dortmund, April 24th, 2013
Borussia Dortmund GmbH & Co. KGaA
Borussia Dortmund Geschäftsführungs-GmbH
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