Pressekonferenz Podium

BVB-Aktie IR News Corporate News BVB-share: Close Brothers Seydler Research AG recommends 'buy'

BVB-share: Close Brothers Seydler Research AG recommends 'buy'

EquityStory AG
2013-05-23
16:54:41
HFBZGRHTINHPFCFPVQDFCMQT
Borussia Dortmund GmbH & Co. KGaA
DE0005493092
corporate_212833_en
corporate
English
Deutschland

DGAP-News: Borussia Dortmund GmbH & Co. KGaA / Key word(s): Research Update BVB-share: Close Brothers Seydler Research AG recommends 'buy'

23.05.2013 / 16:54

The Close Brothers Seydler Research AG, Frankfurt a.M. ('CBS Research') today has published a initial coverage research study dated May 23rd, 2013 with a 'buy' recommendation and a target price of 5.00 EUR.

Overall, Borussia Dortmund has established an attractive business model around the core product football which is superior in many respects as it enables to remain highly innovative while keeping at the same time operating expenses on a manageable level. In the long-term perspective, CBS Research conservatively forecast the EBIT-margin to be at around 15%. BVB should achieve this through stabilisation of revenues at a much higher level after the establishment of BVB again as a top contender in European football. Hence, BVB is clearly underrated versus its closest peers in the sector 'sports & entertainment'.

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

Dortmund, May 23rd, 2013

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

End of Corporate News

23.05.2013 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement.

DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de

23.05.2013 16:54
Corporate News
Intraday-Chart