Barco, Econocom, Euronav, KBC Ancora: Benelux Stock 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 3.3 percent to 292.93. Belgium’s Bel20 Index (BEL20) rose 2.5 percent to 2,267.88. Luxembourg’s LuxX Index (LUXXX) gained 3.1 percent to 1,176.85.

Dutch stocks:

Swedish Automobile NV (SWAN NA): The Dutch owner of Saab Automobile reported a first-half loss before interest and taxes of 201.5 million euros ($290 million) versus a loss of 21.9 million euros in the year earlier period. Company said it hasn’t got the required funding for a production restart at Saab. The shares rose 13 percent to 77 euro cents.

Belgian stocks:

4Energy Invest SA (ENIN) : The operator of combined heat-and-power plants in the Belgian town of Amel reported a first-half profit of 126,000 euros and said it will need additional funds by the end of this year. The shares lost 3.7 percent to 1.84 euros.

Atenor Group SA (ATEB) : The developer that’s building Belgium’s tallest residential skyscraper reported first-half net income of 8.48 million euros and forecast a break-even result in the second half. The shares climbed 5.8 percent to 32.79 euros.

Barco NV (BAR) : The Belgian maker of digital cinema projectors said it won a contract to supply an additional 120 projectors to Malco Theatres Inc. The shares rose 1.9 percent to 41.60 euros.

Brederode SA (BREB) : The investment firm whose main holdings include stakes in private-equity funds, oil companies and Sofina SA said first-half net income rose 39 percent to 34.5 million euros and reported net asset value of 30.31 euros a share at the end of June. The shares increased 3.3 percent to 17.30 euros.

Cie. du Bois Sauvage SA (COMB BB): The investment firm with holdings in Berenberg Bank and chocolate maker Neuhaus SA said first-half net income declined 20 percent to 12.4 million euros and reported net asset value of 278 euros a share on Aug. 30. The shares added 1.6 percent to 192.89 euros.

Duvel Moortgat NV (DUV BB): The brewer of Duvel and La Chouffe beers said first-half net income rose 11 percent to 10.4 million euros and reiterated its forecast for an increase in full-year revenue and operating profit. The shares advanced 2.1 percent to 69.40 euros.

Econocom Group SA (ECONB) : The computer-services company that bought Societe Generale SA’s ECS unit said first-half net income fell to 2.7 million euros from 6.2 million euros and maintained its full-year earnings forecasts. The shares gained 6.3 percent to 14.60 euros.

Euronav NV (EURN) : Belgium’s sole publicly traded oil-tanker owner reported a first-half net loss of $5.13 million, omitted its interim dividend and said it currently sees no need for writedowns on its tankers. The shares rose 7.4 percent to 6.40 euros.

Ion Beam Applications SA (IBAB) : Europe’s largest maker of proton-therapy equipment said first-half net income rose 34 percent to 3.08 million euros and reiterated its forecast for a decline in full-year earnings. The shares surged 7.7 percent to 5.34 euros.

KBC Ancora CVA (KBCA) : The largest shareholder of KBC Groep NV is scheduled to report fiscal full-year earnings after the close of trading. The shares climbed 5.4 percent to 8.54 euros.

Spadel SA (SPA) : Belgium’s biggest bottler of mineral water said first-half net income fell 11 percent to 6.13 million euros and reiterated its forecast that full-year earnings will be significantly lower than last year’s. The shares were unchanged at 52.66 euros.

Solvac SA (SOLV) : The largest shareholder of Solvay SA said it will spend as much as 3 million euros on stock buybacks and maintained its gross interim dividend at 2.59 euros a share. Solvac retreated 0.5 percent to 95.49 euros.

Thenergo NV (THEB BB): The Belgian operator of combined heat-and-power plants reported a first-half net loss of 5.02 million euros. Thenergo rose 3.4 percent to 61 cents.

To contact the reporters on this story: John Martens in Brussels at jmartens1@bloomberg.net; Maaike Noordhuis in Amsterdam at mnoordhuis@bloomberg.net

To contact the editor responsible for this story: Angela Cullen at acullen8@bloomberg.net; Kenneth Wong at kwong11@bloomberg.net.

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