Siemens, Repower, Lanxess, Adidas, Bwin: German Equity Preview

By Nicholas Comfort and Rainer Buergin

June 30 (Bloomberg) -- The following companies may have unusual price changes in Germany. Stock symbols are in parentheses, and share prices are from the previous close.

The DAX declined 37.69, or 0.6 percent, to 6,421.91.

Adidas AG (ADS GY): The world's second largest sporting- goods maker confirmed its full-year sales forecast for soccer- related goods and said revenue from these products should rise ``slightly'' next year, Die Welt reported, citing board member Erich Stamminger. The shares fell 72 cents, or 1.8 percent, to 40.40 euros.

Bwin Interactive Entertainment AG (BWIN AV): Europe's biggest online sports-gaming company, said it has met its target for an increase in sales derived from the Euro 2008 soccer championship. The shares fell 70 cents, or 3.6 percent, to 18.60 euros.

Daimler AG (DAI GY): ArcelorMittal will raise steel prices paid by European automakers such as the world's second-biggest maker of luxury vehicles by about 60 percent through a series of increases over the coming months, Auto Motor und Sport said, citing unidentified people close to the industry.

The magazine also reported the carmaker will begin selling an electric-powered version of its Mercedes-Benz A-Class in 2010. Daimler dropped 1.20 euros, or 2.9 percent, to 39.88 euros.

Hannover Re (HNR1 GY): Germany's second-biggest reinsurer after Munich Re reiterated a target for earnings per share of about 5 euros ($7.87) this year. The stock fell 36 cents, or 1.14 percent, to 31.15 euros.

Lanxess AG (LXS GY): Germany's biggest publicly traded specialty chemicals maker said it will buy 270,098 of its shares listed on the Xetra section of the Frankfurt stock exchange from July 1 through July 14 as part of an employee incentive program. The stock slipped 34 cents, or 1.31 percent, to 25.57 euros.

Repower Systems AG (RPW GY): The German wind turbine builder releases shortened fiscal year earnings and holds a teleconference at 10 a.m. CET. The stock dropped 20.90 euros, or 9.1 percent, to 208.10 euros.

RWE AG (RWE GY): Juergen Grossmann, the chief executive officer of Germany's second-largest utility, told Frankfurter Allgemeine Sonntagszeitung he has bought 5 million euros ($7.9 million) worth of RWE shares and won't sell his stake while he's CEO. The shares fell 6 cents, or 0.1 percent, to 78.58 euros.

Siemens AG (SIE GY): Europe's second-largest engineering company may cut as many as 17,200 jobs, or about 4 percent of its workforce, by 2010 as part of an effort to save 1.2 billion euros ($1.9 billion), according to reports in Sueddeutsche Zeitung and Financial Times. The shares fell 12 cents, or 0.2 percent, to 70.89 euros.

Volkswagen AG (VOW GY): Europe's biggest carmaker's management board will decide where to build a U.S. plant on July 8, Auto Motor und Sport reported, citing unidentified people close to the carmaker's management. The stock gained 1.05 euros, or 0.6 percent, to 179.06 euros.

To contact the reporters on this story: Nicholas Comfort in Frankfurt at ncomfort1@bloomberg.net; Rainer Buergin in Berlin at rbuergin1@bloomberg.net