Daimler, Pfleiderer, Porsche, Volkswagen: German Equity Preview

By Nadja Brandt

July 2 (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 rose 0.4 percent to 6,325.96. The measure, derived from trading in DAX Index futures, provides an estimate of Germany's benchmark index. The DAX dropped 1.6 percent to 6,315.94.

Bayerische Motoren Werke AG (BMW GY): The world's largest maker of luxury cars said U.S. sales dropped 11 percent last month, as demand for is main BMW brand dropped. The shares fell 59 cents, or 1.9 percent, to 29.96 euros.

Daimler AG (DAI GY): The carmaker's Mercedes-Benz USA unit, the world's second-largest luxury carmaker, said U.S. sales slipped 0.1 percent last month. The shares decreased 1.08 euros, or 2.8 percent, to 38.20 euros.

Deutsche Boerse AG (DB1 GY): German stock-exchange trades fell 31 percent to 189 billion euros ($298.4 billion) in June compared with 273.7 billion euros a year earlier, Deutsche Boerse AG said. The shares dropped 2.53 euros, or 3.5 percent, to 69.16 euros.

Pfleiderer AG (PFD4 GY): The supplier of paneling for buildings will buy back up to 1.87 percent of its own shares to settle subscription rights tied to a stock-option plan and to make acquisitions. The shares dropped 29 cents, or 3.3 percent, to 8.38 euros.

Porsche SE (POR3 GY): The maker of the Cayenne sport- utility vehicle said North American sales fell 19 percent last month as demand for the 911 sports car plunged in advance of the introduction of a new version. The shares fell 6.02 euros, or 6.2 percent, to 91.87 euros.

Volkswagen AG (VOW GY): Europe's largest Carmaker said sales in the U.S. climbed 0.3 percent in June on demand for its new Eos convertible coupe. The shares fell 2.71 euros, or 1.5 percent, to 180.57 euros.

To contact the reporter on this story: Nadja Brandt in Los Angeles at nbrandt@bloomberg.net
Last Updated: July 2, 2008 00:02 EDT