Economic Calendar

Wednesday, May 13, 2009

Allianz, E.ON, K+S, Metro, MLP, Puma: German Equity Preview

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By Nadja Brandt

May 13 (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 advanced 0.9 percent to 4,879.39. The measure, derived from trading in DAX Index futures, provides an estimate of Germany’s benchmark index. The DAX fell 0.3 percent to 4,854.11.

Allianz SE (ALV GY): Europe’s biggest insurer plans to report final first-quarter results. The company in April said first-quarter operating profit fell 41 percent, hurt by the financial crisis and natural disasters, citing preliminary figures. The shares fell 0.4 percent to 75.61 euros.

E.ON AG (EOAN GY): Germany’s largest utility plans to post first-quarter results. The company may say profit fell 19 percent on the global slump in energy prices and a stronger euro, based on the median estimate in a survey of analysts by Bloomberg News. The shares added 0.1 percent to 24.40 euros.

Gagfah SA (GFJ GY): The largest publicly traded owner of German apartments plans to release first-quarter results. The shares climbed 2.2 percent to 5.47 euros.

K+S AG (SDF GY): Europe’s largest producer of potash used in fertilizers plans to report first-quarter results. The company may say profit declined as demand for crop nutrients fell, according to analysts surveyed by Bloomberg News. The shares climbed 0.4 percent to 48.45 euros.

Metro AG (MEO GY): Germany’s largest retailer plans to hold its annual shareholders meeting. The company earlier this month reported a wider first-quarter loss as slumping consumer spending and weaker eastern European currencies hurt revenue. The shares climbed 0.9 percent to 34.87 euros.

MLP AG (MLP GY): Germany’s third-biggest financial-services broker plans to release first-quarter results. The company may say profit declined as the financial markets crisis weighs on sales of financial products, according to analysts surveyed by Bloomberg News. The shares fell 4.7 percent to 10.01 euros.

Puma AG (PUM GY): The athletic-shoe maker controlled by PPR SA is scheduled to hold its annual shareholders meeting. The company earlier this month said profit was almost wiped out as the company incurred costs to close stores and that the sportswear market will “remain difficult” in 2009. The shares advanced 1.8 percent to 155.24 euros.

Tognum AG (TGM GY): The diesel-engine maker partly owned by Daimler AG plans to release first-quarter results. The shares decreased 1.6 percent to 9.20 euros.

TUI AG (TUI1 GY): The owner of Europe’s largest travel company plans to hold its annual shareholders meeting. TUI this week reported a first-quarter profit on a gain from the sale of the Hapag-Lloyd shipping line. The shares dropped 2.2 percent to 6.80 euros.

United Internet AG (UTDI GY): Germany’s third-largest Web- access provider is scheduled to report final first-quarter results. The company last month said earnings before interest and tax were almost unchanged at 70.7 million euros ($96.5 million) in the first quarter, as sales rose. The shares added 3.7 percent to 7.28 euros.

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




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