Economic Calendar

Wednesday, November 5, 2008

Hannover Re, HeidelbergCement, Wincor: German Equity Preview

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By Nadja Brandt

Nov. 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.

The X-DAX Index added 0.7 percent to 5,315.38. The measure, derived from trading in DAX Index futures, provides an estimate of Germany's benchmark index. The DAX increased 5 percent to 5,278.04.

Deutsche Boerse AG (DB1 GY): Europe's largest exchange by stock value said third-quarter profit rose more than analysts estimated after financial-market turmoil boosted derivatives trading. The shares added 13 percent to 68.70 euros.

Hannover Re (HNR1 GY): Germany's second-biggest reinsurer plans to release third-quarter results. The company last month abandoned its 2008 profit target after losing money in the first nine months of the year on declining stock investments and above- average catastrophe claims. The shares climbed 1.9 percent to 20.70 euros.

HeidelbergCement AG (HEI GY): Germany's biggest cement maker owned by German billionaire Adolf Merckle plans to release third- quarter results. The company in August said second-quarter profit dropped 66 percent, hurt by higher raw-material costs and declining U.S. demand for building materials. The shares dropped 3 percent to 57.50 euros.

Rheinmetall AG (RHM GY): The supplier of weapons for the U.S. Army's Abrams tank expects to release third-quarter results. The company last month lowered its outlook for profit this year, citing a plunge in auto-industry orders caused by the crisis in world credit markets. The shares increased 8 percent to 27.19 euros.

Singulus Technologies AG (SNG GY): The maker of machines that replicate compact discs and DVDs is scheduled to report third-quarter results. The company in September said it will have a one-time write-off of 41.2 million euros ($53.6 million) as part of an overhaul. The shares climbed 11 percent to 3.54 euros.

Wincor-Nixdorf AG (WIN GY): The world's second-largest maker of automated teller machines plans to release preliminary full- year results. The company may say profit climbed 18 percent, as banks made increasing use of ATMs to cut costs, according to analysts surveyed by Bloomberg News. The shares climbed 9.9 percent to 37.42 euros.

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




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