BVB-share: Bankhaus Lampe and GSC Research recommend unchanged 'Hold'
Jan 30, 2009 2:41 PM
Borussia Dortmund GmbH & Co. KGaA / Research Update
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The Bankhaus Lampe KG, Düsseldorf, and the GSC Research GmbH, Düsseldorf,
have published respectively new research studies dated January 28th and
30th ,2009, and issued again an unchanged 'Hold' recommendation. The profit
in the first quarter of the financial year 2008/2009 can be deemed as a
basis for sustainable growth. Due to long-term sponsorship agreements and a
clarification of the future marketing of TV-rights the company possesses
stable revenue streams. With regard to the sportive perspectives the
Borussia football team improved its stability compared to the previous
season. Nevertheless the BUNDESLIGA is facing a severe competition so that
a qualification for an international cup competition can not be easily
forecasted. The current financial crisis and the worse market environment
would finally cause a decrease of the share price target.
For further information please see the column 'capital markets view' under
www.borussia-aktie.de.
Dortmund, January 30th, 2009
Borussia Dortmund GmbH & Co. KGaA
Borussia Dortmund Geschäftsführungs-GmbH
30.01.2009 Financial News transmitted by DGAP
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Language: English
Issuer: Borussia Dortmund GmbH & Co. KGaA
Rheinlanddamm 207 - 209
44139 Dortmund
Deutschland
Phone: 0231/ 90 20 - 0
Fax: 0231/ 90 20 - 912
E-mail: [email protected]
Internet: www.bvb.de
ISIN: DE0005493092
WKN: 549309
Listed: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Berlin, Stuttgart, München, Hamburg,
Düsseldorf
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