Continental, HeidelbergCement, MAN, SAP, Software AG: German Stock 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 expiring in June dropped 0.5 percent to 6,153.50 as of 8:15 a.m. in Frankfurt. The DAX Index slid 2.7 percent to 6,159.51 yesterday.

Continental AG (CON GY): Europe’s second-largest car-parts maker returned to a profit in the first quarter after eliminating jobs and selling more components. Earnings before interest and taxes were 494 million euros ($652 million), compared with a loss a year earlier, the company said. The shares dropped 2.1 percent to 42.33 euros.

Duerr AG (DUE GY): The maker of painting robots for the automobile industry expects 2010 profit after tax to be “slightly positive” and profit before interest and taxes to “markedly improve.” Sales will rise at least 7 percent, the company said. The shares lost 2.6 percent to 18.02 euros.

Elmos Semiconductor AG (ELG GY): The company said full-year sales will rise “considerably more” than 20 percent, raising its forecast from the start of the year. The shares tumbled 3 percent to 7.02 euros.

HeidelbergCement AG (HEI GY): The world’s third-largest cement maker signed a 3 billion-euro syndicated loan to refinance debt and provide liquidity until the end of 2013. The stock slumped 5.7 percent to 46 euros.

Infineon Technologies AG (IFX GY): Europe’s second-biggest chipmaker posted second-quarter net income of 79 million euros. The shares slumped 5.1 percent to 5.26 euros.

MAN SE (MAN GY): Europe’s third-largest truckmaker was downgraded to “sell” from “buy” with a 12-month price estimate of 65 euros at DZ Bank AG. The stock fell 4.3 percent to 69.28 euros.

Merck KGaA (MRK GY): The drugmaker said first-quarter profit more than tripled as demand returned for the liquid crystals it makes for flat-panel televisions and monitors. The company raised its 2010 forecast. The shares rose 1.7 percent to 64.32 euros.

Puma AG (PUM GY): Europe’s second-largest sporting goods maker expects 2010 sales to rise “in the low to mid single- digits” this year while pretax profit will rise “by at least” 70 percent. The shares sank 4 percent to 253.60 euros.

SAP AG (SAP GY): The world’s biggest maker of business- management software said first-quarter profit almost doubled to 387 million euros as the company benefitted from the recovery in corporate spending on software. The shares fell 1.3 percent to 36.85 euros.

SGL Carbon SE (SGL GY): The company posted an increase of 6.8 percent to 9.4 million euros in the first quarter, as revenue rose. The company sees an operating result close to that of 2009 and revenue increasing slightly. The shares dropped 2.3 percent to 23.62 euros.

Software AG (SOW GY): Germany’s second-largest software maker was rated “hold” in new coverage by Independent Research GmbH. The stock tumbled 6.9 percent to 88.66 euros.

Stratec Biomedical Systems AG (SBS GY): The company posted first-quarter net income of 2.87 million euros, an increase of 32 percent compared with the year-earlier period. Sales rose 21 percent, the company said. The shares gained 0.6 percent to 28.10 euros.

Vossloh AG (VOS GY): The German maker of railway components reiterated the 2010 and 2011 earnings goals as first-quarter net income rose 13 percent to 22.8 million euros. The shares dropped 2.9 percent to 79.45 euros.

Wincor Nixdorf AG (WIN GY): The world’s second-largest maker of automated teller machines reiterated its full-year goals as first-half sales and earnings declined. The shares lost 4.4 percent to 51.90 euros.

To contact the reporters on this story: Chris Reiter in Berlin at creiter2@bloomberg.net; Julie Cruz in Frankfurt at jcruz6@bloomberg.net.

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