Connect Group, Euronav, Heineken: Benelux Equity Market Preview

The following companies may have unusual price changes in Benelux markets. Stock symbols are in parentheses, and prices are from the previous close.

The AEX-Index (AEX) in Amsterdam advanced 0.49, or 0.1 percent, to 353.17. Belgium’s Bel20 Index added 17.15, or 0.6 percent, to 2,692.45. Luxembourg’s LuxX Index rose 0.9 percent to 1,413.13.

Dutch stocks:

Heineken NV (HEIA) : The world’s third-biggest brewer may say quarterly sales rose to 3.6 billion euros ($5.2 billion), the average of 12 analyst estimates compiled by Bloomberg, from 2.94 billion euros in the same period a year earlier. Heineken gained 1.2 percent to 40.21 euros.

Nederlandsche Apparatenfabriek Nedap NV (NEDAP NA): The Dutch maker of surveillance and security systems said profit increased “markedly” during the first months of 2011, without giving figures. Nedap advanced 0.2 percent to 23.92 euros.

Royal Wessanen NV (WES NA): Investors in the Dutch maker of Beckers croquettes rejected a motion at the annual meeting to extend the executive board’s designation as competent body to issue shares. Wessanen rose 0.5 percent to 2.75 euros.

Belgian stocks:

Connect Group (CONN) NV: The Belgian contract maker of electronics for customers including Barco NV said QuaeroQ CVBA exchanged 2.9 million euros of convertible notes for stock at a rate of 1.49 euros a share. Connect Group dropped 0.5 percent to 1.95 euros.

Euronav NV (EURN) : The Belgian oil-tanker owner reported first-quarter profit declined to $19.2 million, which included a $22.1 million gain from the sale of a supertanker, and said its very large crude carriers operating in the single-voyage market earned an average $31,700 a day in the current quarter. Euronav retreated 0.3 percent to 11.14 euros.

To contact the reporters on this story: John Martens in Brussels at; Martijn van der Starre in Amsterdam at

To contact the editor responsible for this story: Angela Cullen at

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