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Barco, Econocom, Euronav, KBC Ancora: Benelux Stock Preview

Sept. 1 (Bloomberg) -- 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 in Amsterdam advanced 3.3 percent to 292.93. Belgium’s Bel20 Index rose 2.5 percent to 2,267.88. Luxembourg’s LuxX Index 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 BB): 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 BB): 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 BB): 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 BB): 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 BB): 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 BB): 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 BB): 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 BB): 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 BB): 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 BB): 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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