May 5, 2017 / 5:01 AM / 3 months ago

German stocks - Factors to watch on May 5

3 Min Read

FRANKFURT/BERLIN, May 5 (Reuters) - The DAX top-30 index looked set to open 0.2 percent lower on Friday, according to premarket data from brokerage Lang & Schwarz at 0604 GMT.

The following are some of the factors that may move German stocks:


Indicated unchanged

VW brand to hold press conference on Q1 results.


Down 0.7 pct in early Frankfurt trading

Evonik saw adjusted core profit increase 8 percent in the first quarter as new additives businesses purchased from Air Products Inc offset a decline in prices for animal feed ingredients and absorbent materials for diapers.


Indicated 1pct higher

The company said it expected 2017 sales to rise to 860-890 mln eur with EBITDA of more than 50 mln eur after reporting Q1 results.

Telefonica Deutschland

Up 0.3 pct in early Frankfurt trading

The company reported a smaller than expected 2-percent rise in first-quarter core profit, as roaming changes partly offset increased data usage by its customers and benefits from the E-Plus acquisition.

Heidelberger Druckmaschinen

Indicated 1.8 pct lower

The company reported preliminary annual net profit of 36 mln eur.


Indicated 0.2 pct lower

The company reported Q1 EBITDA OF 25.5 mln eur and said it epxected EBITDA of 85-105 mln eur for the year.

Dic Asset

No indication available

The company confirmed 2017 forecasts after reporting Q1 FFO of 15.8 mln eur.

Annual General Meetings

LUFTHANSA - 0.50 euros/shr dividend proposed

DUERR - 2.10 euros/shr dividend proposed

FUCHS PETROLUB - 0.89 euros/preference shr dividend proposed

DMG MORI AG - 1.03 euros/shr dividend proposed

HYPOPORT - no dividend proposed


DEUTZ - dividend 0.07 euros/shr

MTU AERO ENGINES - dividend 1.90 euros/shr

Analysts' Views

E.ON - HSBC cuts to "Reduce" from "Hold"

XING - Berenberg cuts to "Hold" from "Buy"

DEUTSCHE PFANDBRIEFBANK - Citi cuts to "Neutral" from "Buy"

Overseas Stock Markets

Dow Jones unchanged, S&P 500 +0.1 pct, Nasdaq +0.1 pct at close.

Japanese markets closed, Shanghai stocks -0.8 pct.

Time: 6.07 GMT.

German Economic Data

No economic data scheduled.

European Factors to Watch


Reuters Top News

$1 = 0.9163 euros Reporting by Christoph Steitz and Victoria Bryan

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