BASF, Continental, Deutsche Bank, Metro: German Equity Preview

By Gabi Thesing and Stefanie Haxel

July 31 (Bloomberg) -- The following companies 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 September advanced 11.5, or 0.2 percent, to 6,517.5 as of 8:38 a.m. in Frankfurt. The DAX rose 1 percent to 6,460.12 yesterday.

BASF SE (BAS GY): The world's biggest chemical producer reported profit that beat analyst estimates for a sixth straight quarter on higher prices for products used in cosmetics and paper. BASF fell 27 cents, or 0.7 percent, to 41.15 euros.

Continental AG (CON GY): Europe's second-largest tiremaker said quarterly profit fell 36 percent on costs related to the purchase of Siemens AG's VDO auto-parts unit. Net income fell to 194 million euros ($303 million), compared with the 160 million- euro median estimate of seven analysts surveyed by Bloomberg News. The shares dropped 30 cents, or 0.4 percent, to 71.93 euros.

Deutsche Bank AG (DBK GY): Germany's biggest bank reported second-quarter net income declined 64 percent to 649 million euros as 2.3 billion euros in writedowns led to a second straight loss at its securities unit. Earnings beat the 491 million-euro median estimate of analysts in a Bloomberg survey. The shares rose 1.06 euros, or 1.8 percent, to 58.83 euros.

Deutsche Post AG (DPW GY): Europe's biggest mail carrier said second-quarter dropped 11 percent because of mail costs to reorganize the DHL Express division's U.S. unit and lower earnings at the Deutsche Postbank AG retail bank. Deutsche Post shares gained 13 cent, or 0.8 percent, to 15.54 euros.

Epcos AG (EPC GY): Japan's TDK Corp. said it will offer to acquire the maker of electronic components that supplies Nokia Oyj and Siemens AG for 1.2 billion euros. The shares added 38 cents, or 2.8 percent, to 13.88 euros.

GEA Group AG (G1A GY): The German engineering company whose machines milk about a third of the world's cows said second- quarter profit more than doubled as demand for dairy processing equipment and maritime air coolers increased. The shares rose 64 cents, or 3.1 percent, to 21.60 euros.

Gildemeister AG (GIL GY): The German machine-tool maker said second-quarter earnings before interest and tax rose 51 percent to 44.1 million on rising demand in its home market and for renewable energy products. The shares climbed 62 cents, or 3.7 percent, to 17.42 euros

Hawesko AG (HAW GY): Germany's biggest wine seller said second-quarter profit more than quadruped to 2.8 million euros as the company generated more revenue. The shares advanced 87 cents, or 4 percent, to 22.80 euros.

Hugo Boss AG (BOS3 GY): Germany's largest clothing company said first-half operating profit fell 5 percent because of costs stemming from management changes. The shares gained 21 cents, or 0.9 percent, to 23.35 euros.

Metro AG (MEO GY): Germany's largest retailer reported a narrower-than-estimated second-quarter loss on costs to shut Real superstores and a writedown for its Adler fashion chain. The shares rose 24 cents, or 0.7 percent, to 37.40 euros.

Nemetschek AG (NEM GY): The maker of software for construction and real-estate companies said first-half profit jumped 10 percent, helped by international sales. The shares added 38 cents, or 2.8 percent, to 13.88 euros.

Q-Cells AG (QCE GY), Germany's largest solar company extended its contract with Canada's Becancour Silicon Inc., a unit of Timminco Ltd., to 2013. The shares climbed 1.97 euros, or 3.4 percent, to 59.41 euros.

SGL Carbon AG (SGL GY): The world's largest maker of carbon and graphite products said first-half profit doubled to 98.1 million euros on rising demand from steel and aluminum customers. The shares dropped 27 cents, or 0.6 percent, to 42.75 euros.

Wacker Chemie AG (WCH GY): The maker of silicon wafers used in microchips and consumer chemicals reported a second-quarter net income that beat analyst estimates in a Bloomberg News survey on demand for polysilicon and semiconductors. The shares climbed 6.91 euros, or 5.4 percent, to 135.13 euros.

To contact the reporter on this story: Gabi Thesing in Frankfurt at gthesing@bloomberg.net; Stefanie Haxel in Frankfurt at shaxel@bloomberg.net