Economic Calendar

Tuesday, March 10, 2009

Daimler, E.ON, Lufthansa, Volkswagen: German Equity Preview

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By Nadja Brandt

March 10 (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 0.7 percent to 3,648.04. The measure, derived from trading in DAX Index futures, provides an estimate of Germany’s benchmark index. The DAX increased 0.7 percent to 3,692.03.

Daimler AG (DAI GY): The world’s second-biggest maker of luxury cars was raised to “overweight” from “underweight” at Morgan Stanley. The shares added 0.1 percent to 18.56 euros.

Deutsche Lufthansa AG (LHA GY): Europe’s second-biggest airline plans to post monthly traffic figures. The shares fell 1.5 percent to 7.86 euros.

E.ON AG (EOAN GY): Germany’s largest utility said 2009 “adjusted” net income may decline by 10 percent and the company will propose a dividend of 1.5 euros ($1.89) a share for 2008.

E.ON AG may say fourth-quarter earnings before writedowns jumped 15 percent after it added generation capacity and clients abroad, and energy prices rose, according to analysts surveyed by Bloomberg News. The shares added 0.1 percent to 20.22 euros.

Volkswagen AG (VOW GY): The carmaker’s Audi division plans to report annual results. Volkswagen shares climbed 1.7 percent to 207.90 euros.

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




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