Economic Calendar

Friday, November 14, 2008

Hochtief, Salzgitter, United Internet: German Equity Preview

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By Nadja Brandt and Stefanie Haxel

Nov. 14 (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.

DAX Index futures expiring in December gained 177, or 3.8 percent, to 4,838.5 as of 8:15 a.m. in Frankfurt. The DAX Index rose 0.6 percent to 4,649.52 yesterday.

Bauer AG (B5A GY): The builder that laid foundations for the Burj Dubai tower confirmed its full-year forecast as nine-month profit after tax rose 74 percent to 67.8 million euros ($86.4 million). Bauer added 25 cents, or 1 percent, to 25.81 euros.

Bechtle AG (BC8 GY): The computer and software retailer that went public in 2000 said third-quarter profit gained 17 percent to 13.3 million euros and confirmed its earnings target for 2008. The shares climbed 37 cents, or 3.4 percent, to 11.42 euros.

Conergy AG (CGY GY): Germany's second-largest solar company plans to report third-quarter results. Conergy in August said its second-quarter loss widened 28 percent because of expenses and asset writedowns related to restructurings and facility closures. The shares dropped 23 cents, or 4 percent, to 5.60 euros.

Continental AG (CON GY): The stock was cut to ``sell'' from ``hold'' at Citigroup Inc., which cited the ``extended indebtedness'' of Europe's second-largest auto-parts maker and its acquirer Schaeffler Group amid declines in car production. The shares slipped 18 cents, or 0.6 percent, to 29.35 euros.

Drillisch AG (DRI GY): The mobile-phone company plans to report third-quarter results. Drillisch earlier this month said profit in the nine months to September rose 13 percent and it will meet its profit goal for the full year. The shares lost 10 cents, or 5.4 percent, to 1.74 euros.

Ersol Solar Energy AG (ES6 GY): The solar-cell maker said third-quarter profit rose fourfold to 27.4 million euros after sales outside of its home country surged. The shares fell 50 cents, or 0.5 percent, to 106.50 euros.

Freenet AG (FNT GY): The mobile-phone and Internet operator that agreed to buy rival Debitel AG reported third-quarter net income of 138 million euros on revenue of 1.08 billion euros. The shares climbed 23 cents, or 5.2 percent, to 4.70 euros.

Hamburger Hafen & Logistik AG (HHFA GY): The largest container-terminal operator at Germany's biggest port said third- quarter net income more than doubled to 49 million euros, boosted by higher shipping volumes and lower tax rates. The shares fell 28 cents, or 1.1 percent, to 24.46 euros.

Hochtief AG (HOT GY): Germany's biggest construction company plans to post third-quarter results. The company may say profit dropped 49 percent, a survey of analysts by Bloomberg showed. The shares increased 1.56 euros, or 6.2 percent, to 26.85.

Homag Group AG (HG1 GY): The maker of woodworking machinery that sold shares for the first time last year forecast sales will drop next year on lower demand. The shares added 6 cents, or 0.6 percent, to 9.66 euros.

Kloeckner & Co. SE (KCO GY): The steel trader said it will miss a profit forecast for the year should steel prices, which have dropped ``significantly'' in recent weeks, continue to fall. The shares slipped 13 cents, or 1.3 percent, to 10.16 euros.

Koenig & Bauer AG (SKB GY): The world's third-largest maker of printing machines reiterated its full-year forecast, even as nine-month profit declined. The shares added 61 cents, or 7.2 percent, to 9.13 euros.

Salzgitter AG (SZG GY): Germany's second-largest steelmaker said pretax profit in the first nine months of the year rose 16 percent to 689 million euros on a lower tax rate. The shares dropped 73 cents, or 1.6 percent, to 44.25 euros.

Solarworld AG (SWV GY): Germany's third-largest solar company confirmed preliminary third-quarter results published on Nov. 3. Net income gained 17 percent 35.9 million euros in the period and Solarworld expects to exceed its profit forecast for the year, the company said. The shares added 67 cents, or 4.4 percent, to 15.96 euros.

Stada Arzneimittel AG (SAZ GY): HSBC Holdings Plc cut its recommendation for Germany's third-biggest maker of generic drugs to ``neutral'' from ``overweight.'' The shares rose 72 cents, or 3.3 percent, to 22.69 euros.

TUI AG (TUI1 GY): The owner of Europe's largest travel company said third-quarter net income fell 42 percent to 256.1 million euros on a transfer of funds to minority owners and reorganization costs. The shares advanced 20.5 cents, or 2.3 percent, to 8.765 euros.

United Internet AG (UTDI GY): Germany's third-largest Web- access provider reported its first quarterly loss in seven years after writing down stakes in Freenet AG and Drillisch AG and said it will pay a lower dividend for 2008. The shares increased 25 cents, or 4 percent, to 6.57 euros.

To contact the reporter on this story: Nadja Brandt in Los Angeles at nbrandt@bloomberg.net; Stefanie Haxel in Frankfurt at shaxel@bloomberg.net




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