Daimler, Fraport, K+S, Krones and TUI: German Equities 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.
The benchmark DAX Index fell 0.4 percent to 7,121.38.
Daimler AG (DAI) : Chief Financial Officer Bodo Uebber said a spinoff of the carmaker’s commercial-vehicles unit is “not in question,” Boersen-Zeitung reported. The shares rose 0.5 percent to 49.02 euros.
Fraport AG (FRA GY): The operator of Frankfurt airport isn’t in talks with the Frankfurt-Hahn airport about air-freight flight cooperation, the company said in an e-mailed statement today. Handelsblatt earlier reported that such talks were in progress. The shares fell 0.6 percent to 54.22 euros.
K+S AG (SDF GY): Chief Executive Officer Norbert Steiner said Germany may need to import raw materials if the country lacks the political will to support mining, according to an interview in Sueddeutsche Zeitung. The shares fell 0.8 percent to 51.8 euros.
Krones AG (KRN) : The world’s biggest maker of bottling and packaging equipment expects “meaningful double-digit growth” in sales and orders in the second quarter, Euro am Sonntag reported. The shares rose 0.9 percent to 55 euros.
TUI AG (TUI1) (TUI1 GY): Europe’s largest tour operator said bookings at its German unit rose this summer compared with the period last year as growth exceeded the market. The shares fell 0.3 percent to 7.33 euros.
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