Ackermanns & Van Haaren, CFE shares boosted by results, outlook hikes

Compagnie dentreprises CFE SA

31/08/2021 10:05

** Shares in equity investment company Ackermanns & Van
Haaren (AvH)  ACKB.BR  and AvH-owned construction firm CFE
 CFEB.BR  rise 5.3% and 4%, respectively, on strong H1 trading
updates
    ** Ackermanns & Van Haaren posted a net profit of 165.7
million euros ($195.97 million), 16% above ING's expectation
    ** The firm also said strong results are expected for H2,
putting profit for FY (before capital gains) on course for a
record level  urn:newsml:reuters.com:*:nFWN2Q113C
    ** KBC notes AvH benefited from the recovery in all
divisions and continued to see strong momentum within the
Private banking segment
    ** ING calls the results impressive and highlights that they
are almost entirely operational, adding it's particularly
surprised by the 32% year-on-year increase in private banking
    ** CFE also posted strong results, even beating pre-covid
numbers of 2019, KBC says
    ** It also raised its FY outlook  urn:newsml:reuters.com:*:nL8N2Q20QT 
    ** AvH on track for best day in almost ten, while CFE in
almost four months
    

($1 = 0.8455 euros)

 (Reporting by Michal Aleksandrowicz)
 ((michal.aleksandrowicz@tr.com))