Douglas, E.ON, Sartorius, Gesco, Linde: German Equity Preview
The following is a list of companies whose shares may have unusual price changes in Frankfurt. Stock symbols are in parentheses after company names. Share prices are from the last close.
DAX Index futures expiring in March added 0.1 percent as of 8:54 a.m. in Frankfurt. The benchmark DAX Index gained 0.5 percent to 7,323.24 yesterday.
Aurubis AG (NDA GY): Europe’s biggest copper smelter said first-quarter net income slid 20 percent to 97 million euros ($132.4 million). The shares slipped 0.2 percent to 42.10 euros.
Douglas Holding AG (DOU GY): Europe’s biggest perfume and makeup retailer said fiscal first-quarter net income fell to 93.9 million euros from 96.3 million euros. The shares added 0.4 percent to 39.95 euros.
E.ON AG (EOAN GY): The U.K. power grid owned by Germany’s largest utility has drawn interest from MidAmerican Energy Holdings Co., PPL Corp. and Cheung Kong Infrastructure Holdings Ltd. The grid may fetch about $6 billion in a sale, people with knowledge of the talks said. The shares fell 0.8 percent to 24.44 euros.
Gesco AG (GSC GY): The German holding company that buys small businesses from owners without heirs forecast group sales of about 334 million euros for the 2010-11 financial year, compared with a previous prediction of 325 million euros. The stock gained 1.3 percent to 55.20 euros.
Gildemeister AG (GIL GY): The German cutting-tool maker reported that full-year net income fell to 4.2 million euros from 4.7 million euros. Revenue rose 17 percent, the company said in an e-mailed statement today. The shares added 0.3 percent to 16.91 euros.
Heidelberger Druckmaschinen AG (HDD GY): The world’s largest maker of printing presses reported third-quarter net income of 9.36 million euros, compared with an 11.1 million-euro loss a year earlier. The shares lost 0.2 percent to 3.74 euros.
Linde AG (LIN GY): The world’s second-biggest maker of industrial gases was raised to “buy” from “hold” at Societe Generale SA. The shares slipped 1 percent to 107.95 euros.
Sartorius AG (SRT GY): The maker of laboratory scales and filtering equipment said it posted fiscal full-year consolidated net income after minority interests of 31 million euros compared with a loss of 7.3 million euros a year earlier. The stock rose 1.9 percent to 29.50 euros.
TUI AG (TUI1 GY): The German owner of Europe’s largest travel company said its fiscal first-quarter loss narrowed to 46.4 million euros from a loss of 104 million euros in the year- earlier period. Sales rose, said the company. The shares lost 0.3 percent to 10.45 euros.
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