German stocks - Factors to watch on Feb 24

FRANKFURT, Feb 24 (Reuters) - The following are some of the
factors that may move German stocks on Tuesday:

DEUTSCHE TELEKOM
Magyar Telekom , a unit of Deutsche Telekom,
reported Q4 net income of 12.6 billion forints ($53.97 million),
beating expectations, but said profitability this year would
decline. [nLN200190]
Related news [DTEGn.DE-E]

BAYER
Bayer partner Onyx Pharmaceuticals posted a
narrower-than-expected Q4 loss of $30.2 million, or 53 cents per
share, compared to a net loss of $11.7 million a year ago,
helped by higher sales of cancer drug Nexavar. [nBNG128964]
Related news [BAYG.DE-E]

Q-CELLS
Q-Cells reported full-year 2008 EBIT of 205 million euros,
in line with expectations, and cut its 2009 sales guidance to
1.7-2.1 billion euros. [nWEA8605] [nLI715488]
Related news [QCEG.DE-E]

DRAEGERWERK
Draegerwerk Q4. EBIT seen down 16.7 pct yr/yr at 45 million
euros. [nLH721783]
Related news [DRGW_p.DE-E]

SOLON
Solon Q4. EBIT seen at 11.0 million euros, according to
Reuters Estimates.
Related news [SOOG.DE-E]

ERSOL
Ersol FY2008. EBIT seen at 70.1 million euros, according to
Reuters Estimates.
Related news [ES6G.DE-E]

DEMAG CRANES
Demag Cranes appointed Aloysius Rauen as chairman of the
management board, replacing Harald Joos who will leave by mutual
consent on March 31.
Related news [D0CGn.DE-E]

GRAMMER
Grammer reported preliminary 2008 EBIT of about 32 million
euros, above Reuters Estimates consensus, on revenue of 1.01
billion euros. [nWEA8593]
Related news [GMMG.DE-E]

BANKS
Public sector regional lenders are thinking about setting up
a joint "bad bank", pooling landesbanks' troubled assets, the
Financial Times Deutschland newspaper reported on its Internet
site on Monday, citing financial sources. [nLN102621]
Related news [BNK-DE-E]

OVERSEAS STOCK MARKETS
Dow Jones <.DJI> -3.4 pct, S&P 500 <.SPX> -3.5 pct, Nasdaq
<.IXIC> -3.7. [nN23365507]
Nikkei <.N225> -1.7 pct by 0555 GMT. [nT361773]

GERMAN ECONOMIC DATA
Ifo business sentiment for February due at 0900 GMT; seen at
83.0 vs 83.0 in January.

GERMAN ECONOMY
The German economy is likely to contract by more than 5
percent in 2009 if a real recovery does not begin in the summer,
Deutsche Bank chief economist Norbert Walter said.
[nN23370939]

European factors to watch [WATCH/EU]
Diaries [DE/DIA] [WEU/EQUITY]
Reuters TOP NEWS [nTOPNEWS]

(Reporting by Peter Starck)
((peter.starck@thomsonreuters.com; +49 69 7565 1217; Reuters
Messaging: peter.starck.reuters.com@reuters.net))
Keywords: MARKETS GERMANY STOCKS =2 FRANKFURT

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nLN614910
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