German stocks - Factors to watch on March 26

Pfeiffer Vacuum Technology AG

26/03/2020 05:59

BERLIN/FRANKFURT, March 26 (Reuters) - The following are
some of the factors that may move German stocks on Thursday:
    
    CORONAVIRUS
    The number of confirmed cases of coronavirus in Germany has
risen to 36,508 and 198 people have died of the disease,
statistics from the Robert Koch Institute for infectious
diseases showed on Thursday.  urn:newsml:reuters.com:*:nL8N2BJ0PA
    The German lower house on Wednesday suspended the country's
constitutionally enshrined debt brake, approving a massive
stimulus package by Chancellor Angela Merkel's government to
weather the economic fallout from the coronavirus outbreak.
 urn:newsml:reuters.com:*:nL8N2BI748
    
    SCOUT24  G24n.DE 
    German classifieds group Scout24 on Wedensday said it had
suspended its previous forecast for financial year 2020 due to
significant change in overall environment caused by coronavirus
crisis.  urn:newsml:reuters.com:*:nASN0004LI
    
    VOLKSWAGEN VOWG_p.DE  
    Volkswagen expects the German car market to recover in the
summer after the automaker was forced to suspend output because
of the coronavirus pandemic, an executive told a newspaper on
Wednesday.  urn:newsml:reuters.com:*:nL8N2BI8DZ
    
    BMW  BMWG.DE 
    Moody's downgraded BMW Bank of North America's long-term
bank deposit rating to Aa3 from Aa2 and placed ratings on review
for downgrade, following actions on the rating for the bank's
parent company.  urn:newsml:reuters.com:*:nMDY6s3GgW
    
    AXEL SPRINGER  SPRGn.DE 
    The German media company, publisher of Germany's Bild
newspaper, said on Wednesday that it aims for an earlier
delisting than it originally planned due to the cancellation of
the annual shareholders meeting. urn:newsml:reuters.com:*:nL8N2BI87O
    
    FRAPORT FRAG.DE  
    German airport operator Fraport said on Wednesday it would
propose to the annual general meeting to carry forward net
profits from the 2019 financial year into revenue reserves as it
struggles to deal with the impact of the coronavirus.
 urn:newsml:reuters.com:*:nASN0004KX
    
    1&1 DRILLISCH  DRIG.DE  
    The company reported that 2019 profit per share came to 2.12
euros and said it expects 2020 revenues and earnings at the same
level as the previous year.  urn:newsml:reuters.com:*:nASN0004LD
    AAREAL BANK  ARLG.DE 
    Annual report due. In February, the company had posted an
in-line full-year operating profit of 248 million euros.
 urn:newsml:reuters.com:*:nFWN2AP0OC
       
    AROUNDTOWN  AT1.DE 
    Annual report due. The company earlier this month reported
full-year net profit fell to 1.7 billion euros.  urn:newsml:reuters.com:*:nFWN2BB10O
    
    BEFESA  BFSA.DE  
    Annual report due. In February the company reported
full-year net profit fell to 83 million euros.  urn:newsml:reuters.com:*:nFWN2AK0BJ
    CEWE STIFTUNG  CWCG.DE  
    Annual report due. Earlier this month, the company reported
higher operative earnings (EBIT) of 57.8 million euros and
proposed a dividend of 2.00 euros per share.  urn:newsml:reuters.com:*:nASN0004AL
  
    DEUTSCHE BAHN  DBN.UL  
    Annual report due. Earlier this month, Reuters cited company
sources as saying the German rail operator would post a
full-year operating profit of 1.84 billion euros, missing its
goal of 1.9 billion euros.  urn:newsml:reuters.com:*:nL8N2B46LR
    
    ENBW  EBKG.DE  
    Results for 2019 due. 
    
    EVOTEC  EVTG.DE  
    Annual report due. The company had increased its
profitability guidance for 2019 in January.  urn:newsml:reuters.com:*:nASN000239
    HAMBORNER REIT  HABG.DE  
    Annual report due. In February, the company reported that
full-year net profit dropped to 17.9 million euros.  urn:newsml:reuters.com:*:nASN0002N5
    NEW WORK  NWOn.DE  
    Annual report due. In February the company reported a net
income of 34.4 million euros and proposed a dividend of 2.59
euros per share.  urn:newsml:reuters.com:*:nL5N2AP0Y7
    
    PFEIFFER VACUUM  PV.DE   
    Full year results due. On Wednesday Pfeiffer Vacuum said it
was proposing a dividend of 1.25 euros per share and added that
it was suspending its outlook due to coronavirus.  urn:newsml:reuters.com:*:nASN0004KW
    
    SMA SOLAR  S92G.DE  
    Annual report due. The company in February said had
significantly improved sales and earnings in 2019.  urn:newsml:reuters.com:*:nASN0002RA
    TAKKT  TTKG.DE  
    Annual report due. 
    TEAMVIEWER  TMV.DE  
    Detailed results due. The company had adjusted its
preliminary results in February, reporting a profit for 2019 of
103.9 million euros.  urn:newsml:reuters.com:*:nASN0003E4
    UNITED INTERNET  UTDI.DE 
    The company said 2019 operating profit came in at 791
million euros on sales up 1.8% to 5.194 billion euros.
 urn:newsml:reuters.com:*:nASN0004LE
   
        
    ANALYSTS' VIEWS 
    HEIDELBERGCEMENT AG  HEIG.DE : CITIGROUP CUTS PRICE TARGET
TO EUR 55 FROM EUR 82
    AUMANN AG  AAGG.DE : CITIGROUP CUTS PRICE TARGET TO EUR 8
FROM EUR 15.6
    JOST WERKE AG  JSTG.DE : JP MORGAN CUTS TARGET PRICE TO EUR
23 FROM EUR 42
    
        
    OVERSEAS STOCK MARKETS  
    Dow Jones  .DJI  +2.4%, S&P 500 .SPX  +1.2%, Nasdaq  .IXIC 
-0.5% at close.  .N 
    Nikkei  .N225  -3.8%, Shanghai stocks  .SSEC  -0.2%.  .T 
 .SS 
    Time: 5:59 GMT

    
    GERMAN ECONOMIC DATA
    German GfK consumer sentiment for April due at 0700 GMT.
Seen at 7.1 points.
    
    DIARIES  DE/DIARY 
    REUTERS TOP NEWS  TOP/NEWS 

 (Reporting by Berlin Speed Desk and Frankfurt Newsroom)
 ((frankfurt.newsroom@thomsonreuters.com; +49 30 2888 5169))