German stocks - Factors to watch on March 13

Thu, 13 Mar - 5:29pm

FRANKFURT, March 13 (Reuters) - The DAX top-30 index

.GDAXI looked set to open 0.3 percent higher on Thursday, according to premarket data from brokerage Lang & Schwarz at 0721 GMT.

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

DAIMLER DAIGn.DE

Indicated 0.3 percent higher

The German car and truck maker will cut costs at its trucks division by around 700 million euros ($973 million) this year, and at its Mercedes-Benz Cars division by 600-800 million, as part of an already announced cost savings programme, Chief Financial Officer Bodo Uebber told German publication Boerse Online.

Related news Href="NewsSearch">DAIGn.DE-E

FRESENIUS MEDICAL CARE FMEG.DE

Indicated 0.2 percent higher

FMC said that Emanuele Gatti would quit his role as management board member to become an advisor to Chief Executive Rice Powell. In addition, management Board member Rainer Runte will step down on April 1, also to take an advisory role at FMC.

News Search ID:nL6N0M93ZE

Related news Href="NewsSearch">FMEG.DE-E

K+S SDFGn.DE

Indicated 0.6 percent lower

The potash miner said it was bracing for a third year of operating earnings decline, suffering from lower prices of the fertiliser ingredient. News Search ID:nL6N0MA0DN

Related news Href="NewsSearch">SDFGn.DE-E

LUFTHANSA LHAG.DE

Indicated 2.4 percent higher

Germany's largest airline said it was confident of reaching the goals set out under a wide-ranging restructuring programme as it reported better than expected quarterly profit and restored its dividend payout. News Search ID:nWEB00K5A

Separately, German radio station rbb said Lufthansa was owed more than $100 million from Venezuela, where currency controls have made it difficult to obtain dollars.

Related news Href="NewsSearch">LHAG.DE-E

VOLKSWAGEN VOWG_p.DE

Indicated 0.3 percent higher

2013 results for Volkswagen's 12 brands due. The company already published key group earnings data on Feb. 21 when it outlined plans to buy a Scania stake for 6.7 billion euros.

News Search ID:nL5N0IK0Z7

Separately, the United Auto Workers on Wednesday sharply criticized and vowed to appeal a U.S. agency's decision to let anti-UAW Volkswagen workers defend the results of an election that the union lost last month at a Tennessee VW plant.

News Search ID:nL2N0M91MV

Related news Href="NewsSearch">VOWG_p.DE-E

HOCHTIEF HOTG.DE

Indicated 0.2 percent higher

The builder has installed its chief executive at the helm of majority-owned Leighton Holdings Ltd LEI.AX and claimed more seats in the boardroom, cementing its grip on the Australian company that supplies much of its profit. News Search ID:nL3N0MA0ZW

Related news Href="NewsSearch">HOTG.DE-E

HUGO BOSS BOSSn.DE

No indication available

The fashion house on Thursday said it expected 2014 sales and earnings to rise by a high single-digit percentage at constant currencies. News Search ID:nL6N0MA0FG

Related news Href="NewsSearch">BOSSn.DE-E

RHOEN-KLINIKUM RHKG.DE

Indicated 0.2 percent higher

The hospitals chain stuck with its 2015 outlook for an EBITDA of 145-155 million euros as it published full-year financial results but said it would provide no guidance for this year due to unfinished structural changes. News Search ID:nEQ8DsL6ya

Related news Href="NewsSearch">RHKG.DE-E

SAF HOLLAND SFQN.DE

Indicated 3.1 percent higher

The supplier of parts for trucks said it expected its sales to grow by about 10 percent to 920-945 million euros this year, with adjusted earnings before interest and tax (EBIT) of about 70 million after 59.3 million in 2013.

Related news Href="NewsSearch">SFQN.DE-E

SCHALTBAU SLTG.DE

Indicated 0.3 percent lower

Full Q4 results due. The traffic technology company already said in January that its sales rose 8 percent to 391 million euros in 2013, which missed its own goal of 395 million

Related news Href="NewsSearch">SLTG.DE-E

ANALYSTS' VIEWS

COMMERZBANK CBKG.DE - Societe Generale raises the stock to "buy" from "sell", lifts its target price to 16 euros from 7.7 euros.

AURUBIS NAFG.DE - Societe Generale raises the stock to "buy" from "hold".

OVERSEAS STOCK MARKETS

Dow Jones .DJI -0.07 pct, S&P 500 .SPX +0.03 pct, Nasdaq

.IXIC +0.37 pct at Wednesday's close. News Search ID:nL2N0M929U

Nikkei .N225 -0.1 pct at Thursday's close. News Search ID:nL3N0MA2AF

EUROPEAN FACTORS TO WATCH Href="NewsSearch">WATCH/EU

DIARIES Href="NewsSearch">DE/DIA Href="NewsSearch">WEU/EQUITY

REUTERS TOP NEWS TOP/NEWS ($1 = 0.7192 euros)

(Reporting by Edward Taylor and Maria Sheahan)

((Edward.Taylor@thomsonreuters.com)(+49 69 7565 1270)(Reuters Messaging: edward.taylor.thomsonreuters.com@reuters.net))

Keywords: GERMANY MARKETS STOCKS

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