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MarketScreener Homepage  >  Equities  >  Xetra  >  Deutsche Bank AG    DBK   DE0005140008

DEUTSCHE BANK AG

(DBK)
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Deutsche Bank : expands its partnership with Eintracht Frankfurt

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04/01/2020 | 02:41am EDT

Deutsche Bank has inked a multi-year agreement to expand and deepen its partnership with the Eintracht Frankfurt football club. The partnership goes beyond mere sports sponsorship activities and naming rights; it is also about jointly developing new business models and products that transcend the stadium experience of today and make their way into people's everyday lives.

The contract is for seven years, with an option to extend. All events, concerts and Eintracht Frankfurt home games will take place in the 'Deutsche Bank Park' up to at least June 30, 2027. Both partners have agreed to keep the annual sponsoring costs confidential.

Deutsche Bank is delighted to have successfully concluded the contract and is looking forward to planning for the future. However, in view of the current coronavirus crisis, the bank's top priority right now is the health and safety of its employees, clients and business partners. Deutsche Bank's focus now is on how to help clients in these difficult times.

Deutsche Bank and Eintracht Frankfurt will jointly disclose the details of their partnership and the concept for the Deutsche Bank Park in due course.

Disclaimer

Deutsche Bank AG published this content on 01 April 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 April 2020 06:40:06 UTC

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Financials
Sales 2020 21 706 M 24 038 M 24 038 M
Net income 2020 -1 854 M -2 053 M -2 053 M
Net cash position 2020 1 375 M 1 522 M 1 522 M
P/E ratio 2020 -8,67x
Yield 2020 -
Capitalization 16 101 M 17 801 M 17 831 M
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EV / Sales 2020 0,68x
Nbr of Employees 86 667
Free-Float 88,9%
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Mean consensus UNDERPERFORM
Number of Analysts 24
Average target price 5,87 €
Last Close Price 7,83 €
Spread / Highest target 2,17%
Spread / Average Target -25,0%
Spread / Lowest Target -55,3%
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NameTitle
Christian Sewing Chief Executive Officer
Karl von Rohr President
Paul Achleitner Chairman-Supervisory Board
Frank Kuhnke Chief Operating Officer
James von Moltke Chief Financial Officer
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