ArcelorMittal, Dexia, Telenet, Unilever: 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.
ArcelorMittal (MT) : The world’s biggest steelmaker may say first-quarter earnings before interest, tax, depreciation and amortization rose to $2.39 billion, the average of 20 analyst estimates compiled by Bloomberg, from $1.89 billion a year earlier. ArcelorMittal increased 2.6 percent to 25.29 euros.
Unilever (UNA NA): The world’s second-biggest consumer- goods company said it completed the $3.7 billion takeover of Alberto Culver Co. after obtaining the necessary regulatory clearances. Unilever rose 1.5 percent to 22.99 euros.
Agfa-Gevaert NV (AGFB) : Europe’s largest maker of prepress products may say first-quarter earnings before interest, tax and special items fell to 38.7 million euros ($55.6 million), the average of three analyst estimates, from 53 million euros a year earlier. Agfa dropped 4.1 percent to 3.25 euros.
Bekaert NV (BEKB BB): The world’s largest maker of steel cord used in tires may say first-quarter sales rose 21 percent to 839 million euros, according to the average of five analyst estimates compiled by Bloomberg. Bekaert gained 1.6 percent to 83.54 euros.
Dexia SA (DEXB) : The lender to local governments that was rescued by France and Belgium may say first-quarter net income dropped to 88.5 million euros, the average of six analyst estimates compiled by Bloomberg, from 216 million euros a year earlier. Dexia declined 1.1 percent to 2.58 euros.
Fluxys (FLUX) SA: The manager of Belgium’s natural-gas grid said it spent 67 million euros in the first quarter out of a 270 million euro investment program for 2011 and reiterated its March 16 forecast for a stable dividend, not taking into account the extraordinary payout of 228 euros a share in December 2010. Fluxys gained 0.7 percent to 2,720.01 euros.
Solvay SA (SOLB) : The world’s largest soda-ash maker obtained approval from French regulator Autorite des Marches Financiers for its planned 31.60 euros-a-share takeover offer for Rhodia SA. Solvay soared 8.3 percent to 108.25 euros.
Telenet Group Holding NV (TNET) : The Belgian cable operator controlled by Liberty Global Inc., whose joint bid with Tecteo Group for Belgium’s fourth so-called 3G wireless license was found admissible, may obtain the spectrum “before the summer,” the nation’s telecommunications regulator said. Telenet retreated 0.1 percent to 32.90 euros.
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