BASF, Bilfinger, Salzgitter, Software AG: German Equity Preview
June 9 (Bloomberg) -- The following is a list of companies whose shares may have unusual price changes in Germany. Stock symbols are in parentheses and prices are from the last close.
DAX Index futures expiring in June rose 0.6 percent to 5,887.50 as of 8:16 a.m. in Frankfurt. The benchmark DAX Index lost 0.6 percent to 5,868.55 yesterday.
Adidas AG (ADS GY): Chief Executive Officer Herbert Hainer said “there is a good chance” for the company to expand its market leadership as a soccer sports brand with the World Cup tournament and that he is “more than satisfied” with sales numbers so far, the Financial Times reported, citing an interview. The shares were unchanged at 41.71 euros.
BASF SE (BAS GY): The world’s biggest chemical company reiterated that it expects to double annual sales in the Asia- Pacific region to 20 billion euros ($23.9 billion) by 2020 from 2008. The shares rose 0.7 percent to 43.10 euros.
Bayer AG (BAYN GY): The drugmaker’s future Chief Executive Officer Marijn Dekkers will concentrate on increasing sales and profit instead of focusing on most efficient businesses to boost margins, Financial Times Deutschland reported, citing talks between Dekkers and analysts. The shares slipped 0.1 percent to 46.52 euros.
Bilfinger Berger AG (GBF GY): Germany’s second-biggest builder was cut to “hold” from “buy” by a Standard & Poor’s equity analyst. The shares dropped 1.1 percent to 44.65 euros.
K+S AG (SDF GY): Europe’s biggest potash producer is considering selling its Compo home-and-garden fertilizer unit to focus on potash and salt. The shares declined 0.3 percent to 36.80 euros.
Salzgitter AG (SZG GY): Germany’s second-biggest steelmaker was downgraded to “neutral” from “outperform” at Credit Suisse Group AG. The shares slid 1.3 percent to 48.39 euros.
Software AG (SOW GY): Germany’s second-largest software maker has had takeover offers, although its biggest shareholder is unlikely to bite unless the price and timing are right, the company’s chief executive officer said. The shares fell 0.9 percent to 83.10 euros.
Symrise AG (SY1 GY): The world’s fourth-biggest maker of scents and flavors was raised to “overweight” from “equal- weight” at Morgan Stanley. The shares gained 0.1 percent to 16.55 euros.
To contact the reporter on this story: Julie Cruz in Frankfurt at jcruz6@bloomberg.net
DAX Index futures expiring in June rose 0.6 percent to 5,887.50 as of 8:16 a.m. in Frankfurt. The benchmark DAX Index lost 0.6 percent to 5,868.55 yesterday.
Adidas AG (ADS GY): Chief Executive Officer Herbert Hainer said “there is a good chance” for the company to expand its market leadership as a soccer sports brand with the World Cup tournament and that he is “more than satisfied” with sales numbers so far, the Financial Times reported, citing an interview. The shares were unchanged at 41.71 euros.
BASF SE (BAS GY): The world’s biggest chemical company reiterated that it expects to double annual sales in the Asia- Pacific region to 20 billion euros ($23.9 billion) by 2020 from 2008. The shares rose 0.7 percent to 43.10 euros.
Bayer AG (BAYN GY): The drugmaker’s future Chief Executive Officer Marijn Dekkers will concentrate on increasing sales and profit instead of focusing on most efficient businesses to boost margins, Financial Times Deutschland reported, citing talks between Dekkers and analysts. The shares slipped 0.1 percent to 46.52 euros.
Bilfinger Berger AG (GBF GY): Germany’s second-biggest builder was cut to “hold” from “buy” by a Standard & Poor’s equity analyst. The shares dropped 1.1 percent to 44.65 euros.
K+S AG (SDF GY): Europe’s biggest potash producer is considering selling its Compo home-and-garden fertilizer unit to focus on potash and salt. The shares declined 0.3 percent to 36.80 euros.
Salzgitter AG (SZG GY): Germany’s second-biggest steelmaker was downgraded to “neutral” from “outperform” at Credit Suisse Group AG. The shares slid 1.3 percent to 48.39 euros.
Software AG (SOW GY): Germany’s second-largest software maker has had takeover offers, although its biggest shareholder is unlikely to bite unless the price and timing are right, the company’s chief executive officer said. The shares fell 0.9 percent to 83.10 euros.
Symrise AG (SY1 GY): The world’s fourth-biggest maker of scents and flavors was raised to “overweight” from “equal- weight” at Morgan Stanley. The shares gained 0.1 percent to 16.55 euros.
To contact the reporter on this story: Julie Cruz in Frankfurt at jcruz6@bloomberg.net