SAP, Siemens, Air Berlin, Software AG May Be Active: German Equity Preview
The following is a list of companies whose shares may have unusual price changes in Germany. Stock symbols are in parentheses, and share prices are from the previous close.
DAX Index futures slipped 0.2 percent to 6,333 as of 8:46 a.m. in Frankfurt. The DAX rose 1.2 percent to 6,332.1 yesterday.
Air Berlin Plc (AB1 GY): Germany’s second-largest airline said German antitrust regulators approved a transaction that would increase its stake in Niki Luftfahrt GmbH to 49.9 percent from 24 percent. The stock fell 1.8 percent to 4.07 euros.
Baader Bank AG (BWB GY): The bank said first-quarter net income rose to 3.8 million euros ($5.1 million) from 2.1 million euros as equity volumes recovered. The shares were little changed at 3.70 euros.
Comdirect Bank AG (COM GY): The German online broker controlled by Commerzbank AG said first-quarter net income climbed 23 percent, helped by higher commission income and reduced costs. The shares gained 1.2 percent to 8.30 euros.
Deutsche Bank AG (DBK GY): Germany’s biggest bank said first-quarter profit rose 48 percent, surpassing analysts’ estimates, on gains at the investment bank.
Net income rose to 1.76 billion euros from 1.19 billion euros in the year-earlier period, the bank said. Earnings beat the 1.33 billion-euro average forecast of analysts surveyed by Bloomberg. The shares gained 2.9 percent to 55.35 euros.
K+S AG (SDF GY): Europe’s biggest potash producer was raised to “neutral” from “sell” at Goldman Sachs Group Inc., which cited “the return of demand to the potash market” in the first quarter of 2010.
The brokerage lifted its share-price forecast to 52.80 euros from 42 euros. The shares dropped less than 0.1 percent to 43.86 euros.
Kuka AG (KU2 GY): The supplier of robots to Bayerische Motoren Werke AG and other manufacturers named Till Reuter as its permanent chief executive officer. The shares rose 0.9 percent to 11.85 euros.
Muehlbauer Holding AG (MUB GY): The company, whose machines make identity cards and labels with computer chips, posted first-quarter net income of 2.1 million euros after 1.8 million euros in the year-ago period. The shares advanced 0.4 percent to 23.10 euros.
SAP AG (SAP GY): The world’s biggest maker of business management software was raised to “buy” from “sell” at Merck Finck with a price estimate of 45 euros. The shares rose 0.9 percent to 37.34 euros.
Siemens AG (SIE GY): Europe’s largest engineering company added employees during the financial crisis, Handelsblatt reported. The stock rose 4 percent to 75.72 euros.
Software AG (SOW GY): Germany’s second-largest software maker anticipates making a decision on a planned merger with IDS Scheer AG by the end of May.
Separately, Software AG said first-quarter earnings per share rose 10 percent to 98 euro cents. The stock rose 0.9 percent to 95.22 euros.
Wirecard AG (WDI GY): The company affirmed its full-year forecast for 70 million euros to 75 million euros in earnings before interest, taxes, depreciation and amortization after sales and earnings rose in the first quarter. The shares rose 1.4 percent to 8.50 euros.