Economic Calendar

Tuesday, April 28, 2009

Deutsche Bank, DAB Bank, Daimler, SGL: German Equity Preview

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By Nadja Brandt

April 28 (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 added 0.9 percent to 4,674.15. The measure, derived from trading in DAX Index futures, provides an estimate of Germany’s benchmark index. The DAX climbed 0.4 percent to 4,694.07.

DAB Bank AG (DRN GY): The online broker controlled by Italy’s UniCredit SpA plans to release first-quarter results. The company in February said fourth-quarter profit rose 7.2 percent, helped by lower costs. The shares fell 0.3 percent to 2.90 euros.

Daimler AG (DAI GY): The world’s second-largest manufacturer of luxury cars plans to post first-quarter results. The carmaker may report a first-quarter loss of 790 million euros ($1.05 billion), based on analysts’ estimates. The shares increased 0.4 percent to 27.39 euros.

Deutsche Bank AG (DBK GY): Germany’s biggest bank is scheduled to report first-quarter results. The lender may post a profit after a rebound in trading income at its securities division, according to analysts surveyed by Bloomberg News.

Separately, the company plans to extend Chief Executive Officer Josef Ackermann’s contract by three years after he helped steer the bank through the financial crisis. The shares climbed 5.3 percent to 43.25 euros.

Duerr AG (DUE GY): The maker of painting robots for the automobile industry plans to report first-quarter results. The shares added 0.7 percent to 13.70 euros.

Escada AG (ESC GY): The maker of luxury women’s clothes is scheduled to hold its annual shareholders meeting. The shares dropped 7.4 percent to 3 euros.

SGL Carbon SE (SGL GY): The world’s largest maker of carbon and graphite products plans to report first-quarter results. The company in March said full-year earnings before interest and taxes rose to 305.8 million euros. The shares advanced 0.4 percent to 23 euros.

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




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