Fielmann, Hochtief, K+S, Postbank, RWE: 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 December gained 0.5 percent to 6,761.50 as of 8:22 a.m. in Frankfurt. The benchmark DAX index fell 1 percent to 6,719.84 yesterday.
Celesio AG (CLS1 GY): The drug wholesaler said third- quarter profit rose 5.6 percent on its drug wholesale business, boosted by the takeover of Brazil-based Panpharma. The shares lost 2.1 percent to 18.68 euros.
Deutsche Postbank AG (DPB GY): The German retail lender being taken over by Deutsche Bank AG said third-quarter profit grew 4.8 percent as it earned more from lending and set aside less money for bad loans. The shares slipped 0.2 percent to 25.10 euros.
Fielmann AG (FIE GY): Europe’s largest chain of opticians reported that third-quarter net income rose to 36.6 million euros from 32.5 million euros. Sales increased, the company said in an e-mailed statement. The company’s shares fell 1 percent to 66.21 euros.
Hochtief AG (HOT GY): Germany’s biggest builder said third- quarter profit rose 55 percent as sales advanced. The shares of Hochtief rose 0.2 percent to 62.64 euros.
Jenoptik AG (JEN GY): The laser maker confirmed its full- year earnings outlook after posting profit after tax of 11.9 million euros in the first nine months of 2010, compared with a 14.9 million loss in the same period a year earlier. The shares retreated 2.8 percent to 5.20 euros.
K+S AG (SDF GY): Europe’s biggest potash producer forecast a significant gain in 2011 operating profit, driven by higher demand and prices for the crop nutrient. The shares lost 1 percent to 52.10 euros.
ProSiebenSat.1 Media AG (PSM GY): The private broadcaster posted a third-quarter net profit of 32 million euros, after a loss of 12.7 million euros in the year-earlier quarter. The shares sank 4 percent to 20.64 euros.
RWE AG (RWE GY): Germany’s second largest utility said nine-month recurrent net income rose 11 percent after it acquired a Dutch competitor. The shares climbed 1.1 percent to 51 euros.
Siemens AG (SIE GY): Europe’s largest technology company plans to boost its dividend to 2.7 euros for 2010, more than analysts had predicted, after resurging economic growth bolstered manufacturing. The shares lost 2.1 percent to 83.16 euros.
Sky Deutschland AG (SKYD GY): The pay-television operator said sales in the third quarter rose to 243.2 million euros from 208.5 million euros in the year-earlier period, according to an e-mailed statement today. The shares rose 1.5 percent to 1.13 euros.
Solarworld AG (SWV GY): The solar company said third- quarter net income rose to 18.1 million euros from 16 million euros, as revenue increased. The shares slumped 4.2 percent to 9.58 euros.
Stada Arzneimittel AG (SAZ GY): The generic-drug maker reported a third-quarter loss of 11.2 million euros after some Serbian pharmaceutical wholesalers failed to pay their bills to the company. The shares advanced 2 percent to 22.89 euros.