Benelux Stocks: Royal Reesink, Spector Photo, Spyker Cars, TNT
The Netherlands’ AEX-Index (AEX) dropped 0.45, or 0.1 percent, to 366.94 at the 5:30 p.m. close in Amsterdam, paring this week’s loss to 0.7 percent. Belgium’s Bel20 Index added 0.4 percent to 2,722.23 today.
The following were among the most active stocks in Benelux markets today. Symbols are in parentheses.
Royal Reesink NV (ALRRE NA) surged 9.8 percent to 86 euros, the biggest increase since 2008. The Dutch importer of Kuhn SA farm equipment said profit rose to 5.9 million euros ($8.5 million) in 2010 from 2 million euros in 2009. The company predicted that it will generate the same operating profit in 2011 as in 2010.
Spyker Cars NV (SPYKR) gained 6 percent to 4.09 euros. The company’s Saab Automobile unit, the cash-strapped Swedish carmaker whose production is at a standstill, is in talks with Sweden’s National Debt Office about the possibility of releasing some collateral used to back a European Investment Bank loan to secure new credit, Dagens Industri reported today, without saying how it got the information.
TNT NV (TNT) slumped 13 percent to 16.01 euros, the lowest since July 2009. The Dutch mail carrier said its express division’s profit fell in the first 12 weeks of the year because of the Arab revolts in the Middle East and north Africa and flooding in Australia.
Spector Photo Group NV (SPEC BB) surged 7.9 percent to 82 euro cents, extending the previous day’s 7 percent rally. The photography company that owns the Photo Hall stores said its imaging unit obtained a 14.8 million-euro credit facility for five years from NIBC Bank NV.
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