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BVB-share: Bankhaus Lampe and GSC Research recommend unchanged 'Hold'Borussia Dortmund GmbH & Co. KGaA:

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Borussia Dortmund GmbH & Co. KGaA

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

21.10.2009 14:59


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

Dortmund, October 21st, 2009

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

21.10.2009 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

21.10.2009 14:59
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