BVB-share: Bankhaus Lampe and GSC Research recommend unchanged 'Hold'Borussia Dortmund GmbH & Co. KGaA:
Oct 21, 2009 2:59 PM
Borussia Dortmund GmbH & Co. KGaA / Research Update
21.10.2009
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The Bankhaus Lampe KG, Düsseldorf, and the GSC Research GmbH, Düsseldorf,
have published respectively new research studies dated September 23rd and
October 21st,2009, and issued again an unchanged 'Hold' recommendation.
The business policy to reconcile economic rationality with sportive
competiveness is sustainable. The market value of some licence players
increased due to the positive sportive development. Missing the
qualification for the UEFA Europa League 2009/2010 however denies access to
further revenues. Moreover the financial crisis and the worse market
environment impinge on sponsoring revenues.
Therefore a significant chart-development can only be expected in the event
of a sustainable qualification for an international UEFA competition.
For further information please see the column 'capital markets view' under
www.borussia-aktie.de.
Dortmund, October 21st, 2009
Borussia Dortmund GmbH & Co. KGaA
Borussia Dortmund Geschäftsführungs-GmbH
21.10.2009 Financial News transmitted by DGAP
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Language: English
Company: Borussia Dortmund GmbH & Co. KGaA
Rheinlanddamm 207 - 209
44139 Dortmund
Deutschland
Phone: 0231/ 90 20 - 746
Fax: 0231/ 90 20 - 85746
E-mail: [email protected]
Internet: www.borussia-aktie.de
ISIN: DE0005493092
WKN: 549309
Listed: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Berlin, München, Düsseldorf, Stuttgart,
Hamburg
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