Economic Calendar

Wednesday, August 5, 2009

Arques, Deutsche Bank, Deutsche Boerse: German Equity Preview

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By Christian Vits and Julie Cruz

Aug. 5 (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 fell 0.1 percent to 5,411.50 as of 8:27 a.m. in Frankfurt. The DAX dropped 0.2 percent to 5,417.02 yesterday.

Adidas AG (ADS GY): The world’s second-largest sporting- goods maker reported second-quarter net income of 9 million euros ($13 million), compared with the 7 million-euro average estimate of eight analysts. The shares added less than 0.1 percent to 30.43 euros.

Arques Industries AG (AQU GY): The investment company appointed Gisbert Ulmke as chief executive officer. Ulmke will take office on Aug. 5, the company said. The shares fell 3.1 percent to 2.17 euros.

Boewe Systec AG (BSY GY): The company, whose machines insert mass mailings into envelopes, posted a second-quarter loss of 2.2 million euros. The shares declined 2.8 percent to 5.20 euros.

Deutsche Bank AG (DBK GY): Germany’s largest bank is in advanced talks to take a stake in Sal. Oppenheim Jr. & Cie KGaA and a deal may be imminent, Boersen-Zeitung reported, citing unidentified bankers and Luxembourg politicians. The shares dropped 0.6 percent to 46.36 euros.

Deutsche Boerse AG (DB1 GY): Europe’s largest exchange by market value said second-quarter profit fell 34 percent to 164.9 million euros as revenue from stock and derivative trading dropped. The shares declined 2.4 percent to 56.68 euros.

Henkel AG (HEN3 GY): The German maker of Loctite glues and Persil detergent said second-quarter profit more than tripled to 143 million euros and forecast its adhesive business will be stable or improve. The shares rose 0.8 percent to 25.51 euros.

Loewe AG (LOE GY): The German maker of televisions partly owned by Sharp Corp. said second-quarter sales fell 21 percent to 71 million euros. The shares added 2.3 percent to 9.09 euros.

Rhoen-Klinikum AG (RHK GY): Germany’s biggest publicly traded hospital operator said Supervisory Board Chairman Eugen Muench sold 9.5 million shares and Ingeborg Muench sold 5.5 million shares at 0.22 euros each. The stock declined 0.4 percent to 16.01 euros.

Stratec Biomedical Systems AG (SBS GY): The maker of laboratory equipment for diagnostics companies affirmed its 2009 goals after first-half sales and earnings rose. The shares climbed 1.8 percent to 18.77 euros.

To contact the reporters on this story: Christian Vits in Frankfurt at cvits@bloomberg.net; Julie Cruz in Frankfurt at jcruz6@bloomberg.net.




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