Colruyt, Royal Philips, Wessanen: Benelux Equity Preview
Stock Chart for Koninklijke Wessanen NV (WES)
The following companies may have unusual price changes in Benelux markets. Stock symbols are in parentheses, and prices are from the previous close.
Royal Philips Electronics NV (PHIA NA): Europe’s biggest maker of consumer electronics expects its television business to post a full-year adjusted loss before interest, taxes and amortization of 2 to 3 percent on sales of around 3 billion euros. Philips dropped 1.8 percent to 20.79 euros.
Royal Wessanen NV (WES NA): The maker of Beckers croquettes will post a book loss of $5.5 million in the fourth-quarter, after a ruling that says Wessanen has to make a cash payment to Kehe Food Distributors following the Tree of Life Inc. sale. Wessanen slid 0.6 percent to 2.73 euros.
Colruyt NV (COLR BB): Belgium’s biggest discount food retailer said fiscal first-half net income rose 6.4 percent to 171.7 million euros ($223.5 million). Profit missed the 174.7 million-euro average of seven analyst estimates compiled by Bloomberg. Colruyt advanced 0.4 percent to 38.49 euros.
Parc Paradisio SA (PARD BB): The owner of the Pairi Daiza botanical and animal park said fiscal first-half net income fell 37 percent to 4.35 million euros as visitor figures dropped 25 percent. Parc Paradisio retreated 0.8 percent to 24.80 euros.
Retail Estates NV (RET BB): Belgium’s biggest owner of out- of-town shops bought nine stores for 7.26 million euros in stock and said the purchases will boost rental income by 490,000 euros annually. Retail Estates gained 1.1 percent to 46 euros.
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