Economic Calendar

Tuesday, July 15, 2008

Ahlers, Continental, Gerresheimer: German Equity Market Preview

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By Nadja Brandt

July 15 (Bloomberg) -- 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.

The X-DAX Index lost 0.6 percent to 6,159.01. The measure, derived from trading in DAX Index futures, provides an estimate of Germany's benchmark index. The DAX climbed 0.8 percent to 6,200.25.

Ahlers AG (AAH GR): Germany's second-largest menswear maker is scheduled to release second-quarter results. The company in April said first-quarter profit increased 35 percent on higher sales in its home market. The shares climbed 5 cents, or 0.6 percent, to 8.05 euros in Frankfurt floor trading.

Continental AG (CON GY): Europe's second-largest tiremaker hired Goldman Sachs Group Inc. to help defend against a potential hostile takeover attempt from Schaeffler Group, Die Welt reported, citing unidentified people in the financial industry. The shares climbed 11.84 euros, or 22 percent, to 65.80 euros.

Gerresheimer AG (GXI GY): The medical packaging company that sold shares for the first time last year plans to post second- quarter results. The company in April reported a first-quarter profit after sales at its life science and pharmaceuticals units rose. The shares added 56 cents, or 1.8 percent, to 32.20 euros.

To contact the reporter on this story: Nadja Brandt in Los Angeles at nbrandt@bloomberg.net.


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