Aedifica, BAM Groep, CFE, Devgen, GIMV: 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.
Royal BAM Groep NV (BAMNB NA): The largest Dutch builder may report a first-quarter profit of 20.9 million euros ($29.8 million), according to the average estimate of five analysts in a Bloomberg survey. BAM shares rose 0.4 percent to 5.20 euros.
Royal Reesink NV (ALRRE NA): The importer of Kuhn SA farm equipment said operating profit rose 58 percent in the first quarter as sales rose 8 percent. Reesink shares were unchanged at 89 euros.
Ablynx NV (ABLX) : The developer of drugs based on antibodies found in llamas posted a first-quarter net loss of 13.8 million euros and said it consumed 8.6 million euros of cash in the period. The shares rose 6.4 percent to 8.45 euros.
Aedifica (AED) SA: Belgium’s biggest residential real- estate investment fund said it may raise its annual dividend from a forecast of 1.63 euros a share after fiscal third-quarter rental income increased 27 percent to 7.2 million euros. Aedifica shares retreated 0.5 percent to 41.50 euros.
Cie. d’Entreprises CFE SA (CFEB BB): The construction firm that owns half of Dredging Environmental & Marine Engineering NV said revenue will be stable this year after the value of outstanding orders in the first quarter climbed 15 percent from the prior quarter, to 2.22 billion euros. CFE shares gained 1 percent to 55.04 euros.
Devgen NV (DEVG BB): The developer of hybrid rice, sunflower, sorghum and pearl millet seeds posted a first-quarter net loss of 1.42 million euros and maintained its forecast for “significant growth” of its seed business this year. Devgen (DEVG) shares were unchanged at 6.94 euros.
GIMV NV (GIMB) : Belgium’s biggest buyout company reports fiscal full-year earnings. GIMV shares dropped 0.1 percent to 45.16 euros.