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BVB-Aktie IR News Corporate News BVB-share: Bankhaus Lampe and GSC Research recommend unchanged 'Hold'

BVB-share: Bankhaus Lampe and GSC Research recommend unchanged 'Hold'

EquityStory AG
Borussia Dortmund GmbH & Co. KGaA

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

30.01.2009 14:41


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

Dortmund, January 30th, 2009

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

30.01.2009 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement.

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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: Internet: // ISIN: DE0005493092 WKN: 549309 Listed: Regulierter Markt in Frankfurt (General Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of Announcement DGAP News-Service

30.01.2009 14:41
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