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BMW, Continental, Henkel, Symrise: 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.

DAX Index futures expiring in June rose 0.2 percent to 6,028.5 at 8:28 a.m. in Frankfurt. The benchmark DAX Index slumped 2.6 percent to 6,006.86 yesterday.

Bayerische Motoren Werke AG (BMW GY): The world’s largest maker of luxury cars reported first-quarter net income of 324 million euros ($421 million), compared with the average analyst estimate of 264 million euros. The stock sank 4.1 percent to 35.84 euros.

Centrosolar Group AG (C3O GY): The company confirmed its 2010 revenue expectations and said its earnings forecast for the full year was likely to be reached during the second quarter. The stock advanced 2.6 percent to 4.30 euros.

Continental AG (CON GY): The German auto parts maker controlled by Schaeffler Group is considering an initial public offering for its tire unit, Handelsblatt reported, citing unidentified people with knowledge of the plan. The stock declined 2.8 percent to 41.37 euros.

Draegerwek AG (DRW3 GY): The company sees an ebit margin in the “upper region” of the originally planned 5 percent to 6 percent before extraordinary effects for 2010. The stock slid 3.2 percent to 51.13 euros.

Henkel AG (HEN3 GY): The German maker of Loctite glues and Persil detergent said first-quarter profit more than doubled to 259 million euros, beating analyst estimates, on sales gains in laundry and adhesives, and raised its profit forecast for the year. The stock fell 1.1 percent to 39.64 euros.

Loewe AG (LOE GY): The company posted earnings before interest and tax of 800,000 euros in the first quarter compared with 700,000 euros a year earlier. Revenue rose 1 percent to 73.4 million euros. The stock added 1.9 percent to 9.38 euros.

Symrise AG (SY1 GY): The stock was cut to “hold” from “buy” at Citigroup Inc., which said “at least for the medium-term we believe the relatively full valuation will prove a hindrance for further share price outperformance despite the solid growth potential for the company.” The stock lost 3.3 percent to 18.49 euros.

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