BASF, Deutsche Lufthansa, Infineon, MAN, Volkswagen: 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 prices are from the previous close.
DAX Index futures expiring in September rose 0.4 percent to 6,204 as of 8:46 a.m. in Frankfurt. The benchmark DAX Index declined 0.5 percent to 6,178.94.
BASF SE (BAS GY): The world’s biggest chemical company reported second-quarter net income that beat analysts’ estimates after a recovery in demand and higher prices for products from plastics to catalysts. The shares slid 1.7 percent to 45.33 euros.
Bayer AG (BAYN GY): Germany’s largest drugmaker said second-quarter net income fell on charges for litigation at the company’s crop-chemicals and health units and a writedown to the value of the Zevalin cancer drug. The shares fell 1 percent to 44.20 euros.
Deutsche Lufthansa AG (LHA GY): Europe’s second-biggest airline tripled its quarterly operating profit, beating analysts’ estimates, on a recovery in demand for travel and freight transport. The shares rose 1.6 percent to 12.80 euros.
Infineon Technologies AG (IFX GY): Intel Corp. and Samsung Electronics Co., the world’s two-largest chip companies, may bid against each other for Infineon’s mobile-phone business, according to a research report by Citigroup. The shares advanced 2.6 percent to 5.18 euros.
MAN AG (MAN GY): Europe’s third-largest truckmaker reported second-quarter net income of 153 million euros ($199.4 million). Analysts surveyed by Bloomberg had forecast profit of 141 million euros. The shares lost 1.4 percent to 72.99 euros.
Merck KGaA (MRK GY): The pharmaceutical and chemicals company said second-quarter net income advanced to 183.4 million euros. The shares slipped less than 0.1 percent to 64.20 euros.
Puma AG (PUM GY): The sporting-goods maker said second- quarter net income rose to 44.8 million euros from 38.5 million euros. The shares slipped 0.6 percent to 235.90 euros.
Siemens AG (SIE GY): Europe’s largest engineering company said net income rose 40 percent as job cuts and cost savings combined with a rebound in demand for factory automation gear, health-care products, and light bulbs. The shares dropped 0.9 percent to 76.15 euros.
Software AG (SOW GY): Germany’s second-largest software maker, said second-quarter net income climbed 29 percent driven by sales growth at its business integration software unit Webmethods, which it bought in 2007. The shares lost 1.9 percent to 91.83 euros.
Volkswagen AG (VOW GY): The Chinese unit of Europe’s largest carmaker plans to buy parts exclusively in China as it develops and produces more components such as electric-drive systems locally, Financial Times Deutschland reported, citing Winfried Vahland, president and chief executive officer of Volkswagen China. The shares declined 0.6 percent to 72.61 euros.
To contact the reporters on this story: Oliver Suess in Munich at osuess@bloomberg.net; Julie Cruz in Frankfurt at jcruz6@bloomberg.net.
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