Borussia Dortmund GmbH & Co. KGaA: Edison Research starts initial coverage of BVB-share

Borussia Dortmund GmbH & Co. KGaA / Key word(s): Research Update

24.04.2013 / 13:25

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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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Language:    English                                               
Company:     Borussia Dortmund GmbH & Co. KGaA                     
             Rheinlanddamm 207 - 209                               
             44139 Dortmund                                        
             Germany                                               
Phone:       0231/ 90 20 - 746                                     
Fax:         0231/ 90 20 - 85746                                   
E-mail:      [email protected]                                          
Internet:    www.bvb.de/aktie // www.aktie.bvb.de                  
ISIN:        DE0005493092                                          
WKN:         549309                                                
Listed:      Regulierter Markt in Frankfurt (General Standard);    
             Freiverkehr in Berlin, Düsseldorf, Hamburg, München,  
             Stuttgart                                             
 
 
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