Continental, Deutsche Bank, Kontron, SAP: 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.

The benchmark DAX Index fell 0.4 percent to 6,613.8.

Continental AG (CON GY): French rival Michelin & Cie., the world’s second-largest tiremaker, reported a 24 percent increase in third-quarter sales helped by demand from truck makers and logistics companies in Europe and South America. Continental’s shares dropped 1.1 percent to 63.73 euros.

Deutsche Bank AG (DBK GY): Germany’s biggest bank reported a third-quarter loss of 1.21 billion euros ($1.67 billion) after writing down the value of its holding in Deutsche Postbank AG. That compares with the median analysts’ estimate of 1.52 billion euros. The bank said on Sept. 21 it would report a loss because of a 2.3 billion-euro charge related to Postbank. The shares retreated 1.6 percent to 41.19 euros.

Deutsche Boerse AG (DB1 GY): Europe’s largest exchange operator by market value may report lower third-quarter profit of 151 million euros, down 4.6 percent from a year earlier, amid subdued trading and increased competition from alternative trading systems. The exchange will post results after the close of European markets today. The shares shed 0.9 percent to 51.80 euros.

Kontron AG (KBC GY): The maker of miniature computers for slot machines and drone aircraft reported an 81 percent jump in third-quarter profit to 5.6 million euros as incoming orders rose. The shares added 0.4 percent to 7 euros.

Krones AG (KRN GY): The world’s biggest maker of bottling and packaging equipment reported nine-month after-tax profit of 31.9 million euros as sales increased. That compares with a loss of 25.4 million euros a year earlier. The shares lost 0.9 percent to 42.01 euros.

Praktiker AG (PRA GY): Germany’s second-biggest home- improvement retailer reported third-quarter net income of 11.7 million euros, up from 9.8 million euros a year earlier. Net sales declined as an “anticipated pickup of international business failed to materialize,” the company said. The shares advanced 0.6 percent to 6.78 euros.

SAP AG (SAP GY): The biggest maker of business-management software reported a 12 percent rise in third-quarter profit to 501 million euros as corporations revived spending. The company also reiterated its outlook for 2010. The shares rose 0.3 percent to 38.30 euros.

To contact the reporter on this story: Tony Czuczka in Berlin at at aczuczka@bloomberg.net Sarah Jones in London at sjones35@bloomberg.net.

To contact the editor responsible for this story: David Merritt at dmerritt1@bloomberg.net.

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.