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Builder Heijmans excels at waiting Damrak

The Heijmans share was significantly higher on Wednesday on a hesitant Damrak. The builder has become more positive about the full year after a strong third quarter and raised its profit forecast. The European stock markets, on the other hand, showed little movement ahead of the important interest rate decision by the Federal Reserve (Fed). The US central bank has been thinking about phasing out corona support for the world’s largest economy for some time and experts expect the Fed to make a final decision on this after the closing bell on the European markets.

The AEX index on Beursplein 5 recorded 0.3 percent in the plus at 814.47 points in morning trade. The MidKap gained 0.2 percent to 1059.66 points. The stock exchanges in Frankfurt, Paris and London remained virtually flat.

Heijmans added more than 8 percent to the smaller companies. The construction company sold more houses at a higher price in the first nine months of this year. According to Heijmans, the higher price had to be charged to compensate for the rising costs of materials, among other things. CEO Ton Hillen stated that he would remain alert to rising purchasing prices and the availability of labor and materials, but is looking forward to next year with confidence.

In the AEX, tech investor Prosus led the way with a profit of 2.3 percent. Wolters Kluwer won 0.6 percent. The information provider saw turnover rise in the first nine months of the year and raised expectations for the whole of 2021. Meal delivery company Just Eat Takeaway closed the row with a minus of 1 percent. PostNL rose 1.8 percent in the MidKap. Daniel Křetínský, the Czech multibillionaire and co-owner of football club Sparta Prague, has expanded his stake in the postal company to more than 20 percent.

Lufthansa rose 5 percent in Frankfurt. The German airline did good business last quarter with freight transport and holiday flights and returned to profit at an operational level. If interest payments, taxes and depreciation are also included, Lufthansa still suffered a loss. Competitor Air France-KLM won 1.7 percent in Amsterdam. Zalando lost 1.9 percent. The German online store saw growth decline in the third quarter to the level of before the corona crisis, because regular clothing stores were open again throughout the quarter.

The euro was worth $1.1586, against $1.1577 a day earlier. The price of a barrel of American oil fell 1.9 percent to $82.34. Brent oil cost 1.8 percent less at $83.22 a barrel.



Builder Heijmans excels at waiting Damrak
Source link Builder Heijmans excels at waiting Damrak

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