Adidas, Beiersdorf, Continental, Telekom: German Equity Preview

By Stefanie Haxel and Henrietta Rumberger

Aug. 5 (Bloomberg) -- The following companies may have unusual price changes in German trading. Stock symbols are in parentheses, and share prices are from the previous close.

DAX futures expiring in September gained 28, or 0.4 percent, to 6,401 as of 8:17 a.m. in Frankfurt. Germany's benchmark DAX index fell 0.7 percent to 6,349.81.

Adidas AG (ADS GY): The world's second-largest sporting- goods maker said second-quarter profit rose 12 percent to 116 million euros ($180 million) after June's European soccer championship and this month's Olympic Games spurred sales in emerging markets. Adidas shares fell 88 cents, or 2.2 percent, to 38.37 euros.

Adva AG Optical Networking (ADV GY): The maker of networking equipment for customers including Deutsche Telekom AG said net income fell from 287,000 euros in the second quarter of 2007 to a loss of 2.69 million euros for the same period in 2008. The loss was less than in a statement on June 30. Adva shares declined 2 cents, or 1.2 percent, to 1.66 euros.

Analytik Jena AG (AJA GY): The maker of scientific measuring equipment said third-quarter profit rose more than fourfold to 136,000 euros on demand for technical instruments. The shares increased 17 cents, or 2.5 percent, to 6.97 euros.

Bayer AG (BAY GY): Germany's largest drugmaker sued Novartis AG's Sandoz unit to prevent it from selling a copy of the Yaz birth-control pill in the U.S. Bayer shares slipped 28 cents, or 0.5 percent, to 54.62 euros.

Beiersdorf AG (BEI GY): The maker of Nivea skin creams said second-quarter profit rose 58 percent to 147 million euros from a year earlier, when the company incurred costs to shut warehouses. The shares were unchanged at 41.18 euros.

Continental AG (CON GY): The German tire and auto-parts maker is in talks with a ``handful'' of potential buyers to fend off an unsolicited takeover bid from Schaeffler Group, Reuters reported, citing unidentified people familiar with the matter. The shares dropped 70 cents, or 1 percent, to 71.95 euros.

Deutsche Telekom AG (DTE GY): Europe's largest phone company was ordered by a German court to hand over depositions of former chief executive officers Ron Sommer and Kai-Uwe Ricke taken in a U.S. lawsuit. Telekom shares added 5 cents, or 0.4 percent, to 11.04 euros.

HeidelbergCement AG (HEI GY): Germany's biggest cement maker owned by German billionaire Adolf Merckle said second- quarter profit dropped 66 percent to 409.9 million euros, hurt by higher raw-material costs. The shares declined 50 cents, or 0.7 percent, to 72.90 euros.

Heidelberger Druckmaschinen AG (HDD GY): The world's largest maker of printing machines posted its first quarterly loss in three years as higher raw-material costs squeezed margins and customers in the U.S. delayed purchases. The net loss through June was 39.3 million euros compared with a profit of 8.1 million euros a year earlier, the company said today. Sales dropped 11 percent to 656.9 million euros. The shares fell 33 cents, or 2.8 percent, to 11.50 euros.

Infineon Technologies AG (IFX GY): Germany's largest maker of semiconductors was rated ``buy'' in new coverage at Deutsche Bank AG, which cited the company's cost-cutting program and improving margins of the wireless business.

``We see margins and profitability recover over the next 12 months,'' Kai Korschelt, a London-based analyst at Deutsche Bank, wrote in a report dated Aug. 4. He set his price estimate for the company's shares at 7 euros. The stock climbed 22.5 cents, or 4.7 percent, to 5.02 euros.

KUKA AG (IWK GY): The company that makes bodies for Chrysler Corp.'s Jeep Wrangler said second-quarter profit fell 89 percent to 8.9 million euros following a one-time gain from the sale of a unit booked in the 2007 period. The shares slid 6 cents, or 0.4 percent, to 15 euros.

Siemens AG (SIE GY): Europe's largest engineering company will get 10 billion euros of orders from China by 2010. The shares dropped 62 cents, or 0.8 percent, to 76.46 euros.

Singulus Technologies AG (SNG GY): The maker of machines that replicate compact discs reported a second-quarter loss of3.2 million euros, compared with a profit of about 100,000 euros a year earlier. The shares rose 16 cents, or 2.7 percent, to 6.14 euros.

Technotrans AG (TTR GY): The supplier of components to the print industry reported a 45 percent drop in first-half profit to 2.6 million euros and lowered its full-year sales forecast. The stock gained 20 cents, or 1.7 percent, to 11.70 euros.

To contact the reporter on this story: Stefanie Haxel in Frankfurt at shaxel@bloomberg.net; Henrietta Rumberger in Frankfurt at hrumberger@bloomberg.net.