Bayer, Infineon, Krones, SAP AG, Vossloh: German Equity Preview

By Nadja Brandt and Julie Cruz

July 29 (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 September added 0.6 percent to 5,210.00 as of 8:12 a.m. in Frankfurt. The DAX dropped 1.5 percent to 5,174.74.

Bayer AG (BAY GY): Germany’s largest drugmaker said second- quarter net income fell 7.3 percent to 532 million euros ($753 million) from 574 million euros a year earlier as sales declined. The shares fell 0.4 percent to 40.05 euros.

Continental AG (CON GY): Karl-Thomas Neumann, chief executive officer of the German car parts and tire manufacturer, has asked members of the supervisory board to back a capital increase, the Handelsblatt newspaper reported, citing a letter. The shares added 0.4 percent to 25.73 euros.

Deutsche Boerse AG (DB1 GY): The operator of the Frankfurt bourse was downgraded to “hold” from “buy” at Deutsche Bank AG, which cited “weakening trading data.” The shares lost 3.1 percent to 57.55 euros.

Infineon Technologies AG (IFX GY): Europe’s second-largest chipmaker said its net loss narrowed to 23 million euros in the third quarter from 258 million euros in the second quarter. The shares dropped 3.5 percent to 2.66 euros.

Krones AG (KRN GY): The maker of bottling and packaging equipment reported a first-half pretax loss of 15.8 million euros as sales declined. The shares fell 2.1 percent to 26.41 euros.

MorphoSys AG (MOR GY): The biotechnology company said first-half net income declined to 5 million euros from 6.3 million euros. Revenue gained. The shares climbed 0.2 percent to 16.95 euros.

SAP AG (SAP GY): The world’s biggest maker of business- management software raised its margin forecast for this year, helped by job cuts, and slashed its target for software and related service revenue.

The target for full-year non-GAAP operating margin was raised to between 25.5 percent and 27 percent. It earlier forecast a margin of 24.5 percent to 25.5 percent. SAP now forecasts non-GAAP software and software-related service revenue will fall 4 percent to 6 percent, versus a previous goal of it being “flat” to 1 percent lower.

The shares dropped 1.1 percent to 31.20 euros.

TUI AG (TUI1 GY): Europe’s largest tour Operator and some of its fellow owners of the cash-strapped Hapag-Lloyd shipping line agreed to buy the unit’s stake in a container terminal to ensure the vessel owner’s solvency. TUI shares fell 1.5 percent to 4.41 euros.

Vossloh AG (VOS GY): Germany’s biggest supplier of concrete railroad ties said second-quarter net income declined 8.6 percent to 24.6 million euros. Vossloh confirmed its full-year profit forecast and lowered its sales outlook for 2009. The shares fell 0.1 percent to 83.51 euros.

To contact the reporters on this story: Nadja Brandt in Los Angeles at nbrandt@bloomberg.net; Julie Cruz in Frankfurt at jcruz6@bloomberg.net.