Umicore, Binck, Barco, Devgen: 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.
BinckBank NV (BINCK) : The biggest Dutch online broker reports first-quarter results on Tuesday, April 26, before markets open. Analysts expect net income to amount to 12.1 million euros ($17.6 million) on average, data compiled by Bloomberg show. Binck rose 2.15 percent to 13.05 euros.
Nedsense Enterprises NV (NEDSE) : The Dutch software maker reports 2010 full-year results on Tuesday. Martin Crum, analyst at AEK Research, expects a net loss of 0.6 million euros. Nedsense increased 3.65 percent to 54 cents.
Spyker Cars NV (SPYKR) : The European Investment Bank wants to terminate a 3.6 billion Swedish kronor ($590 million) loan to Saab Automobile, which is owned by Spyker, as a condition of approving a new financing plan for the Swedish automaker, Dagens Industri reported on Sunday. The paper cited an unidentified person close to Saab.
Barco NV (BAR) : The Belgian maker of digital-cinema projectors said first-quarter revenue rose 36 percent to 239.2 million euros and said it won orders valued at 294.1 million euros in the three months through March. Barco gained 0.9 percent to 55.05 euros.
Campine NV (CAMB BB): The Belgian lead recycler and producer of antimony trioxide used in flame retardants forecast an operating profit in the first half. Campine increased 1.2 percent to 29.35 euros.
Cie. Maritime Belge SA (CMB BB): The owner of dry-bulk shipping company Bocimar International NV said first-quarter net income dropped to 3.4 million euros as a declining dollar reduced the value of its cash holdings. Bocimar’s quarterly profit rose 29 percent to 16.3 million euros. CMB lost 0.6 percent to 21.13 euros.
Devgen (DEVG) NV: The Belgian developer of hybrid rice, sunflower, sorghum and pearl millet seeds said Madeli Participaties BV, which is controlled by the De Ruiter family in the Netherlands, holds an 8.46 percent stake. Devgen retreated 0.6 percent to 6.98 euros.
Umicore (UMI) SA: The world’s largest precious-metals recycler gives a trading update before the opening of the market, which will include a forecast for 2011 earnings before interest, tax and special items. Umicore rose 1 percent to 36.14 euros.