Economic Calendar

Wednesday, November 4, 2009

Daimler, BMW, United Internet, Adidas: German Equity Preview

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By Patrick Donahue

Nov. 4 (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 DAX Index slid 1.4 percent to 5,353.35.

Adidas AG (ADS GY): The world’s second-largest maker of sporting equipment signed a “long-term” endorsement contract with Andy Murray, the world’s fourth-ranked tennis player. The shares fell 6 cents, or 0.2 percent, to 32.64 euros.

Bayerische Motoren Werke AG (BMW GY): The world’s largest maker of luxury vehicles said its U.S. sales fell 19 percent in October to 20,619 cars and sport-utility vehicles, bringing the year-to-date decline to 24 percent. The shares fell 2.11 euros, or 6.3 percent, to 31.50 euros.

Daimler AG (DAI GY): The world’s second-largest maker of luxury vehicles said U.S. sales of Mercedes-Benz brand cars jumped 21 percent following a surge in demand for autos including the GLK sport-utility vehicle. The shares declined 1.47 euros, or 4.4 percent, to 31.58 euros.

Porsche SE (PAH3 GY): The importer and distributor of Porsche sports cars and Cayenne SUVs said U.S. sales for October rose 15 percent from a year earlier to 1,642. The shares fell 1.29 euros, or 2.4 percent, to 51.51.

United Internet AG (UTDI GY): The Web-access provider raised its full-year profit forecast for the second time this year. The shares fell 1 cent to 8.92 euros.

Volkswagen AG (VOW GY): Europe’s largest carmaker said sales in the U.S. rose 7.2 percent last month, helped by such models as the four-door CC and the Jetta. The shares fell 3.68 euros, or 3.4 percent, to 106.17.

To contact the reporter on this story: Patrick Donahue in Berlin at at pdonahue1@bloomberg.net.




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