Economic Calendar

Friday, February 27, 2009

Allianz, Deutsche Telekom, EnBW, Fuchs: German Equity Preview

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By Nadja Brandt

Feb. 27 (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 dropped 1.5 percent to 3,866.5. The measure, derived from trading in DAX Index futures, provides an estimate of Germany’s benchmark index. The DAX climbed 2.5 percent to 3,942.62.

Allianz SE (ALV GY): Europe’s biggest insurer by market value plans to hold its analyst day. Chief Executive Officer Michael Diekmann said Thursday the insurer remains “financially stable.” The shares increased 12 percent to 55.25 euros.

Daimler AG (DAI GY): The world’s second-largest maker of luxury cars plans to release its annual report. The shares added 2.7 percent to 18.90 euros.

Deutsche Telekom AG (DTE GY): Europe’s biggest telephone company plans to report fourth-quarter results. The company may report a profit after a net loss a year earlier, when it had one-time costs to cut jobs, according to analysts surveyed by Bloomberg News.

Separately, the company named Timotheus Hoettges as finance chief and said it will combine its German fixed-line and mobile- phone divisions. The shares advanced 4.6 percent to 9.48 euros.

Energie Baden-Wuerttemberg AG (EBK GY): Germany’s third- largest utility plans to report final full-year results. The company in February said net income fell 36 percent last year to 872 million euros ($1.1 billion). The shares dropped 0.3 percent to 35.40 euros.

Fuchs Petrolub AG (FPE GY): Germany’s largest maker of lubricants plans to release fourth-quarter results. The company in December said full-year profit will be lower than in 2007 as customers reduce inventories in response to the global economic slump. The shares dropped 1.1 percent to 26 euros.

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




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