Borussia Dortmund's first team was unsuccessful in reaching the Round of 16 of the Champions League, which is a key assumption when management provides its guidance at the start of the financial year. As a result, management has reduced its guidance for FY26. We have reduced our FY26 estimates to reflect this. The share price remains at a significant discount to our asset-backed valuation of €10.86 per share.Den vollständigen Artikel lesen ...
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