BVB-share: GSC Research recommends again 'Hold'

Feb 01, 2010 12:44 PM

Borussia Dortmund GmbH & Co. KGaA / Research Update

01.02.2010 

Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

The GSC Research GmbH, Düsseldorf, has published a research update dated
January 29th, 2010, and has issued again an 'Hold' recommendation.

Borussia Dortmund appears to be weathering the recession comparatively
well. The attendance of the home matches is still high and the centennial
celebrations had a positive impact on the merchandising business. The
economic basis is relatively stable. The business policy of economic
rationality and the rejuvenescence of the team in this context has led to a
remarkable sporting success as well as a team with sporting prospects. From
a capital market view the latter may promise transfer revenues in the
future.

For further information please see the column 'capital markets view' under
www.borussia-aktie.de.

Dortmund, February 1st, 2010

Borussia Dortmund GmbH & Co. KGaA
Borussia Dortmund Geschäftsführungs-GmbH


01.02.2010  Ad hoc announcement, Financial News and Media Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de

---------------------------------------------------------------------------
 
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
 
End of News                                     DGAP News-Service
 
---------------------------------------------------------------------------