Akzo Nobel, Bois Sauvage, GIMV, HAL, KBC Ancora: Benelux Equity Preview
The following companies may have unusual price changes in Benelux markets. Stock symbols are in parentheses and prices are from the previous close.
Akzo Nobel NV (AKZA NA): The world’s largest paint maker said it has been selected by Wal-Mart Store Inc. to be the primary paint supplier for the retailer’s U.S. stores. Akzo Nobel gained 38.5 cents, or 0.9 percent, to 41.665 euros.
HAL Trust (HAL NA): The owner of HAL Holding NV said the investment firm’s first-half profit rose to 200.2 million euros ($254.1 million) from 132.7 million euros a year earlier. HAL advanced 0.1 percent to 82 euros.
Atenor Group SA (ATEB BB): The Belgian developer that’s building the tallest residential skyscraper in the country reported a first-half net loss of 1.71 million euros and forecast a “close to break-even” result for the full year. Atenor lost 2.2 percent to 34.11 euros.
Cie. Maritime Belge SA (CMB BB): The owner of dry-bulk shipping line Bocimar International NV maintained its interim dividend at 28 cents a share and reported first-half profit of 85.9 million euros, up from a preliminary figure of 85.8 million euros reported on July 22. CMB retreated 0.6 percent to 21.38 euros.
Cie. du Bois Sauvage SA (COMB BB): The investment firm said first-half net income climbed to 15.6 million euros from 2.97 million euros a year earlier. Net asset value rose to 290 euros a share in the six-month period from 269 euros at the end of last year. Bois Sauvage increased 1 percent to 177.50 euros.
Econocom Group SA (ECONB BB): The computer-services company that plans to buy Societe Generale SA’s ECS unit said first-half net income rose to 6.2 million euros from 6.1 million euros a year earlier. Econocom dropped 3.5 percent to 10.90 euros.
Floridienne SA (FLOB BB): The owner of a 43 percent stake in the world’s largest producer of bismuth chemicals reported first-half net income of 8.06 million euros and forecast a “strong” increase in full-year earnings. Floridienne last traded for 113.99 euros on Aug. 30.
GIMV NV (GIMB BB): Belgium’s biggest buyout company said it recorded a gain of 26 cents a share on the sale of its stake in Microtherm Engineered Solutions to a unit of Etex Group NV. GIMV added 0.2 percent to 37.85 euros.
KBC Ancora CVA (KBCA BB): The largest shareholder of KBC Groep NV (KBC BB) reports fiscal full-year earnings after the close of trading. KBC Ancora gained 1.1 percent to 16.08 euros.
Sapec SA (SAP BB): The third-largest supplier of crop- protection products on the Iberian Peninsula said its first-half net loss narrowed to 864,000 euros from 3.48 million euros a year earlier. The company also said it plans to complete the sale of two thirds of its 58 percent stake in Grupo Naturener SA before the end of the year. Sapec advanced 1.5 percent to 56.50 euros.
Thenergo NV (THEB BB): The Belgian operator of combined heat-and-power generation plants said its first-half net loss widened to 15.1 million euros from 7.5 million euros a year earlier. Thenergo fell 2.8 percent to 35 cents.
ThromboGenics NV (THR BB): The Belgian company that develops medicines for eye diseases said its experimental drug microplasmin helped one-quarter of patients with a retinal disorder that can lead to blindness. ThromboGenics was little changed at 16.46 euros.