BERLIN, Feb. 26 (Xinhua) -- German stocks were off to a bad start on Friday, with the benchmark DAX index losing 193.53 points, or 1.39 percent, opening at 13,685.80 points.

While all shares were in the red, German utility E.ON showed the smallest losses among the country's 30 largest listed companies at the start of trading, decreasing by 0.42 percent, followed by energy company RWE and housing company Vonovia, both declining by 0.45 percent.

Shares of Delivery Hero fell by 3.37 percent. The German online food-delivery service company was the biggest loser at the start of trading.

Following the takeover of U.S. competitor Sprint, German telecommunications giant Deutsche Telekom announced record revenues for fiscal 2020 of 101.0 billion euros (about 122.4 billion U.S. dollars), up 25.4 percent year-on-year, while adjusted net profit rose by 15.5 percent to 5.7 billion euros (6.9 billion dollars).

German chemical giant BASF also published annual business figures for the full year 2020 and posted EBITDA before special items down 11 percent year-on-year to 7.4 billion euros (9.0 billion dollars), while sales were "almost stable" at 59.1 billion euros (71.6 billion dollars).

The index of import prices in Germany in January decreased by 1.2 percent year-on-year, while the index of export prices increased by 0.1 percent in the same period, the country's Federal Statistical Office announced Friday.

The yield on German ten-year bonds went up 0.022 percentage points to minus 0.209 percent, and the euro was trading unchanged at 1.2184 dollars on Friday morning. Enditem

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