2016 Annual General Meeting. President & CEO Javier González Ochoa
|
|
- Julianna McLaughlin
- 6 years ago
- Views:
Transcription
1 2016 Annual General Meeting President & CEO Javier González Ochoa
2 Economic climate Spain leads Eurozone recovery Negative interest rates High unemployment rate EBC expansionary monetary policy Weakness of the Euro Oil price Public and private indebtedness Highest growth in Eurozone (GDP 2015: 3,2%) Growth slowdown forecasted for GDP 2016 (Bank of Spain): +2,7% Page nº 2
3 Economic climate Building activity grew strongly, unlike civil works Annual variation 2015 vs 2014 of the construction segments in Spain 42.5% 29.6% 11.5% -27.3% -21.6% New Residential New non residential Renovation Civil works Hydraulic civil works Source: Ministry of Public Works, SEOPAN Page nº 3
4 Economic climate New Residential has been the main growth segment Building permits for new residential in Spain -14.6% +42.5% 78, % -22.4% +1.7% 44,162 34,288 34,873 49, Source: Ministry of Public Works Page nº 4
5 2015 Results Coemac 2015 has supposed a turning point for Coemac Change of company name and brand Reduction of nearly all financial debt following the divestment of the tiles business and loss of control of insulation business -363,5 million euros Consolidation of market growth and return to profitability in business +127% EBITDA growth Page nº 5
6 2015 Results Coemac Improved result and balance sheet restructure In million euros Variation Sales % EBITDA % % over sales 6.5% 3.1% +3.4 pp Net Result % Continued activities (1) % Discontinued activities (2) % Minority % Debt financial debt (1) 2015 figure includes atypical effects of provisions and restructuring of million euros (2) Insulation and Tiles businesses Page nº 6
7 2015 Results Coemac Sales by business line +7.4% In million euros % +8.2% -9.0% 2014 Gypsum Piping systems Corporate & Adjustm Total Page nº 7
8 2015 Results Coemac Sales by region +7.4% In million euros % +23.5% -6.9% 2014 Spain Europe Other regions 2015 Total Page nº 8
9 2015 Results Coemac Profitability improvement Evolution of Ebitda and Ebitda Margin (%) In million euros Growth in both business lines Improved industrial and commercial efficiency % pp % 6.5% Page nº 9
10 2015 Results Coemac Financial management Evolution of net financial debt In million euros Insulation business disinvestment Control of working capital Operating cash flow improvement MM Page nº 10
11 2015 Results Coemac Relevant works where our solutions have been chosen Cádiz bridge Adequa Sanecor system Page nº 11
12 2015 Results Coemac Relevant works where our solutions have been chosen BBVA Headquarters in Madrid Soundproof system Adequa AR Page nº 12
13 2015 Results Coemac Relevant works where our solutions have been chosen Pompidou Museum in Málaga Pladur Solutions Page nº 13
14 2015 Results Coemac Relevant works where our solutions have been chosen Iberdrola Tower in Bilbao Algíss Solutions Page nº 14
15 2015 Results Coemac In 2015 we continued with the execution of the business strategy Differentiated solutions International diversification Efficiency in operations New ceilings Pladur FON+ Special gypsums for renovation Algíss Cristal Multiconnection for Soundproof system Adequa AR New Adequa channels for floor drainage 43 + x Countries with commercial presence Operation management by markets Improved service level Growth in online sales channel Increased productivity Page nº 15
16 2015 Results Coemac Share performance IBEX % COEMAC IBEX-35 Coemac -10.5% Page nº 16
17 2015 Results Coemac Significant increase in volume traded in 2015 and Evolution of the average daily trading In million euros 618 x x T 2016 Source: Madrid Stock Market Page nº 17
18 Outlook 2016 will be determined by the following aspects Uncertainty in the domestic market Advances in export Increased profitability Significant improvement in Net Result Page nº 18
19 Outlook Macroeconomic indicators Annual variation of G.D.P. and contribution of construction in Spain F 2017F 1.4% 3.2% 2.8% 2.1% -0.1% 5.3% 3.7% 3.8% 0.2% 1.1% 1.3% 1.4% 0.9% 1.5% 1.6% 1.7% Source: Caixabank Research (April 2016) Page nº 19
20 Advance 2016 First quarter results In million euros 1Q Q 2015 Variation Sales 33,8 32,9 +3,0% EBITDA 2,6 1,9 +36,2% % over sales 7,7% 5,8% +1,9 pp Net Result -1,7-18,9 +91,3% Continued activities -1,1-5,0 +78,8% Discontinued activities (1) - -13,3 n/a Minority -0,6-0,7 +14,0% Debt financial debt 1,0 363,5-362,5 (1) Insulation and Tiles businesses Page nº 20
21 Outlook Profitable growth In million euros Real Strategic goals ~ ~ ~13 ~ Sales EBITDA Page nº 21
22 Future challenges This is the moment to begin to return to our people and to our shareholders part of the value that has been lost along the way over the last few years Period of growth and investment Meeting the Strategic Plan goals Recover the value Page nº 22
23 Page nº 23 Corporate reorganisation
24 Current corporate structure Corporación Empresarial de Materiales de Construcción, S.A. 10% 100% 100% 100% URSA Insulation Holding BV ATC 2015, S.A. Fibrocementos NT, S.A. Coemac Iberia, S.L. 59% 100% Gypsum business Piping systems business Page nº 24
25 Background Restructure undertook and the negative results of the loss of control of insulation business generated a situation of assets imbalance in the individual balance of Corporación Empresarial de Materiales de Construcción, S.A. (Coemac, S.A.) Equity shown in the individual balance Coemac, S.A. at December 31, 2015 was negative amounting to 93,324 thousand euros This fact was reported by the group in the 2H 2015 report (February 29, 2016) In this situation, the individual company would be in grounds for dissolution (Audit Report 2015, Deloitte, March 31, 2016) Page nº 25
26 Corporate restructuring measures proposed by the Board of Directors 1. Capital reduction in Coemac, S.A. Capital reduction by losses in Corporación Empresaria del Materiales de Construcción, S.A. Amount of the reduction ,97 euros Share capital of 142,199, euros goes to 1,974, euros Reduction of the nominal value of shares from 72 cents to 1 euro cent 2. Segregation of Coemac, S.A. activity in favor of its wholly-owned subsidiary Coemac Building Materials, S.L. 3. Merger by acquisition of Fibrocementos NT, S.A. and Coemac Iberia, S.L. by Coemac, S.A. 4. Corporate reorganization, that is, the contribution of the shares of Yesos Ibéricos, S.A., ATC 2015, S.A. and Adequa WS, S.L. to Coemac Building Materials, S.L. Page nº 26
27 Corporate structure after the proposed reorganisation Corporación Empresarial de Materiales de Construcción, S.A. 10% 100% URSA Insulation Holding BV 100% COEMAC Building Materials, S.L. Adequa Water Solutions, S.A. 100% 59% 100% Gypsum business Piping systems business ATC 2015, S.A. Page nº 27
28 What effects will have these measures have? The capital reduction and reorganization measures will have no effect on the consolidated equity of the Group The consolidated book value of the shares of the Company will not be modified There will be no dilution to shareholders, the participation rate in the Social Capital of Coemac is not reduced The asset balance is restored in the legal term More efficient corporate structure Page nº 28
29 Page nº 29 Speaking time
30 Page nº 30 Voting on resolutions
31 Proposed resolutions (1 of 2) 1. Review and approval of the individual financial statements Review and approval of the proposed allocation of 2015 result 3. Review and approval of the consolidated group financial statements Approval of Directors management of the company 5. Re-election of the Auditor for Annual Compensation Report of the Board of Directors 7. Board remuneration for the financial year 2016 Page nº 31
32 Proposed resolutions (2 of 2) 8. Reduction of capital for losses 9. Ratification of Director appointed by cooptation 10. Modifications of the Regulations of the Board 11. Corporate reorganization of the Coemac Group 12. Segregation Coemac, S.A. in favor of its subsidiary Coemac Building Materials, S.L. 13. Merger by acquisition of Fibrocementos of NT, S.A. and Coemac Iberia, S.L. by Corporación Empresarial de Materiales de Construcción, S.A. 14. Authorization for the acquisition of own shares 15. Delegation of powers to formalize the resolutions adopted by the General Meeting Page nº 32
33 Thank you for your attention 2016 Annual General Meeting
34 Disclaimer This document contains information prepared internally and coming from different sources as well as future forecasts relative to the financial situation, results from operations, business and strategies of Coemac. Those statements are based on a number of assumptions which ultimately might not be accurate, and are subject to risk factors of a financial, commercial, market, regulatory or generally economic nature, on which only estimates may be made. Consequently, the analysts and investors should suitably assess the information provided. Coemac has no obligation in respect of updating the information contained herein and its publication, whether resulting from the appearance of new information, new events or for any other reason. Page nº 34
Logista FY 2016 Results. November 8, 2016
Logista FY 2016 Results November 8, 2016 Logista reports FY 2016 Results Logista announces today its FY Results for 2016. Main highlights: Revenues growing by 1.7% Economic Sales 1 up by 2.8% Adjusted
More informationLogista Q Results. February 1, 2018
Logista Q1 2018 Results February 1, 2018 Logista reports Q1 2018 Results Logista announces today its Q1 Results for 2018. Main highlights: Economic Sales 1 increase by 5.0%, recording improvements over
More informationGrupo Logista H Results. May 6, 2015
Grupo Logista H1 2015 Results May 6, 2015 Grupo Logista reports First Half 2015 Results Grupo Logista announces today its first half results for 2015. Main highlights: Net Income up by 16.2% to 47.1 million
More informationGDP growth accelerates at year-end, although risks remain
Activity Spain: The GDP growth forecast for 4Q18 supports the 2.6% advance for 2018 Spain and Portugal Unit 14 December 2018 The growth of the Spanish economy could stand between 0.7% and 0.8% quarterly
More information28 July 2017 SPAIN. First half 2017
28 July 2017 SPAIN First half 2017 Disclaimer Banco Santander, S.A. ("Santander") cautions that this presentation contains statements that constitute forward-looking statements within the meaning of the
More informationLogista 2017 Results. November 7, 2017
Logista 2017 Results November 7, 2017 Logista reports 2017 Results Logista announces today its FY Results for 2017. Main highlights: Economic Sales 1 increases 1.1%, recovering the fall in activity reflected
More informationFinancial results. January - December Profit for the year was million, a 5.1% increase on 2015.
X x Financial results January - December 2016 Profit for the year was 636.9 million, a 5.1% increase on 2015. EBITDA was 1,486.0 million in 2016, up 1.9% on the previous year. Investments for the Red Eléctrica
More informationLegal Notice DISCLAIMER
Legal Notice DISCLAIMER This document has been prepared by Iberdrola, S.A. exclusively for use during the presentation of financial results of the first quarter of the 2018 fiscal year. As a consequence
More informationIsidre Fainé Casas Chairman
Isidre Fainé Casas Chairman Economic environment Financial system Criteria 2010 From Criteria to CaixaBank The la Caixa Group A business for the future Economic environment Economic outlook World % GDP
More informationEzentis increases its EBITDA by 142,3% in the first nine months of the year up to 16,4 million Euros
Results Presentation Ezentis increases its EBITDA by 142,3% in the first nine months of the year up to 16,4 million Euros The revenue of the Company increased by 30% up to 228,5 million Euros thanks to
More informationBanco Sabadell. Goldman Sachs Financial Conference. Banco Sabadell. Driving Retail Profit Growth. Thursday 14 th June, 2007
Banco Sabadell Goldman Sachs Financial Conference Banco Sabadell Driving Retail Profit Growth Thursday 14 th June, 2007 1 Disclaimer Banco Sabadell cautions that this presentation may contain forward looking
More informationPrevisions Macroeconòmiques. Macroeconomic scenario for the Catalan economy 2017 and June 2017
PM Previsions Macroeconòmiques Macroeconomic scenario for the Catalan economy 2017 and 2018 June 2017 Previsions macroeconòmiques Macroeconomic scenario for the Catalan economy June 2017 ISSN: 2013-2182
More informationREPORT ON THE ORDINARY SHAREHOLDERS MEETING HELD ON MAY 15, 2012
REPORT ON THE ORDINARY SHAREHOLDERS MEETING HELD ON MAY 15, 2012 Lafarge's ordinary shareholders' meeting, which was held in Paris on May 15, 2012 under the chairmanship of Bruno Lafont, approved all resolutions
More informationSALVADOR ALEMANY. Chairman
SALVADOR ALEMANY Chairman Economic context Assesment of 2015 Stock market and shareholder return Foundation, CSR and future challenges Economic context Assesment of 2015 Stock market and shareholder return
More informationLogista Q Results. July 26, 2018
Logista Q3 2018 Results July 26, 2018 Logista reports Q3 2018 Results Logista announces today its Q3 Results for 2018. Main highlights: Economic Sales 1 increase by 7,8% improving the 1.3% drop in Revenues
More informationJanuary - September October 2013
Financial results January - September 2013 Earnings for the first nine months of 2013 were affected by measures in Royal Decree-Law 9/2013 (see earnings release for first half), which will reduce remuneration
More informationREPORT ON THE INDEPENDENCE OF THE AUDITOR IN RELATION TO THE AUDIT REPORT FOR FINANCIAL YEAR 2016
REPORT ON THE INDEPENDENCE OF THE AUDITOR IN RELATION TO THE AUDIT REPORT FOR FINANCIAL YEAR 2016 INTRODUCTION Pursuant to subsection 4.f) of section 529 quaterdecies of the restated text of the Companies
More informationSONAE INDÚSTRIA, SGPS, SA
Sonae Indústria, SGPS, SA Lugar do Espido Via Norte Apartado 1096 4471-909 Maia Portugal Telefone (+351) 220 100 400 Fax (+351) 220 100 543 www.sonaeindustria.com SONAE INDÚSTRIA, SGPS, SA Publicly Traded
More information126 Telefónica, S.A. Annual Report Risk management
126 Telefónica, S.A. Annual Report 2004 04 Risk management Annual Report 2004 Telefónica, S.A. 127 128 Telefónica, S.A. Annual Report 2004 INTRODUCTION The Telefónica Group is exposed to diverse risks
More information31 October Argentina. 9M'18 Earnings Presentation
31 October 2018 Argentina 9M'18 Earnings Presentation Disclaimer Banco Santander, S.A. ("Santander") and Banco Santander Rio, S.A. caution that this presentation contains statements that constitute forward-looking
More information2017 Annual Meeting of Stockholders 2017 ANNUAL MEETING OF STOCKHOLDERS 1
2017 Annual Meeting of Stockholders 2017 ANNUAL MEETING OF STOCKHOLDERS 1 Agenda Call to Order and Welcome Call of the Meeting and Presence of Quorum Proposals Proposal 1. Election of Directors Proposal
More informationORTIZ CONSTRUCCIONES Y PROYECTOS, S.A. and subsidiaries
ORTIZ CONSTRUCCIONES Y PROYECTOS, S.A. and subsidiaries Consolidated Financial Statements as of 31 December 2015 and 2014 and Management Report for financial year 2015.. TABLE OF CONTENTS CORRESPONDING
More informationOperating income of Reditus reached 110 million euros. New business mix allows the net creation of 800 jobs
Operating income of Reditus reached 110 million euros New business mix allows the net creation of 800 jobs EBITDA of EUR 2.8 million Net result -13.9 million International sales represent 31% of turnover
More informationAcerinox Results as of 30 September 2014 Results as of 30 September 2014
Results as of 30 September 2014 Page 0 / 9 Results as of 30 September 2014 In the first nine months of the year, Acerinox has achieved a profit after taxes and minorities of 133.8 million euros Improvement
More informationTALGO, S.A. Annual Accounts and Directors Report for the year ended 31 December 2018 *Translation of financial statements originally issued in Spanish
TALGO, S.A. Annual Accounts and Directors Report for the year ended 31 December 2018 *Translation of financial statements originally issued in Spanish and prepared in accordance with generally accepted
More informationCOMPANY PRESENTATION NOVEMBER
COMPANY PRESENTATION NOVEMBER 2018 DISCLAIMER This presentation includes or may include representations or estimations concerning the future about intentions, expectations or forecasts of VIDRALA or its
More informationFinancial Results January-March 2018
Financial Results January-March 2018 25 April 2018 Profit for the first quarter of 2018 was 189.1 million, a 4.0% rise yearon-year, which is in keeping with the growth target of the 2014-2019 Strategic
More informationIBERDROLA, S.A. AND SUBSIDIARIES
IBERDROLA, S.A. AND SUBSIDIARIES CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS AND CONSOLIDATED INTERIM DIRECTORS' REPORT FOR THE SIX-MONTH PERIOD ENDED 30 JUNE 2018 Iberdrola, S.A. Condensed Consolidated
More informationIndex. 01 Highlights 4 02 Financial review 6 03 Business review Closing remarks Appendix 17 / 3
Q118 Results Legal disclaimer This document does not constitute or form part of any purchase, sales or Exchange offer, nor is it an invitation to draw up a purchase sales or exchange offer, or advice on
More informationConsolidated Results 9M13 Privileged Information November 7, 2013
. Consolidated Results 9M13 Privileged Information November 7, 2013 Highlights: Turnover: 157.8 M (155.6 M in 9M12) EBITDA: 11.4 M (14.2 M in 9M12) Net Profit: 4.6 M (6.0 M in 9M12) Net Cash: 25.0 M (37.5
More informationCLEAR FOCUS ON STRATEGY EXECUTION AND OPERATIONAL IMPROVEMENT
Sonae Indústria, SGPS, SA Lugar do Espido Via Norte Apartado 1096 4471-909 Maia Portugal Telefone (+351) 220 100 4 00 Fax (+351) 220 100 543 www.sonaeindustria.com SONAE INDÚSTRIA, SGPS, SA Publicly Traded
More informationSIGNIFICANT EVENT. General Meeting of Shareholders of. BANCO BILBAO VIZCAYA ARGENTARIA, S.A., Held on 12th March 2010 RESOLUTION PASSED
Banco Bilbao Vizcaya Argentaria, S.A., pursuant to the provisions of article 82 of the Spanish Securities Market Act, proceeds by means of the present document to notify the following: SIGNIFICANT EVENT
More informationIgnacio Galán Chairman& CEO
Ignacio Galán Chairman& CEO Legal Notice DISCLAIMER This document has been prepared by Iberdrola, S.A. exclusively for use during the presentation Outlook 2016-2020 update. As a consequence thereof, this
More informationInterim Jan June/ 2005 results briefing
Interim Jan June/ 2005 results briefing Helsinki, 4 August 2005 Market and business review Financial results Outlook Jan Lång, President and CEO Jyri Luomakoski, CFO and Deputy CEO Jan Lång Questions Interim
More informationThird Quarter of 2010 results announcement
INAPA INVESTIMENTOS, PARTICIPAÇÕES E GESTÃO, S.A.. (Publicly listed company) Head Office: Rua Castilho, n 44 3º floor, 1250-071 Lisbon Portugal Third Quarter of 2010 results announcement 1 Highlights Until
More informationQ SALES AND RESULTS
Q1 2018 SALES AND RESULTS 9 th May 2018 1 Q1 2018 Main Financial Aspects Solid revenue growth of +4.9% (+6.8% at constant exchange rates) reaching 345m (+ 16m) in the first quarter of the year. In the
More informationREXEL. Q3 & 9-month 2009 results. November 12, 2009
REXEL Q3 & 9-month 2009 results November 12, 2009 Q3 2009 & 9-month results Q3 and 9-month 2009 at a glance Financial review Outlook 3 Q3 & 9-month 2009 at a glance Q3 & 9-month 2009 highlights: Quarter-on-quarter
More informationPortugal Q Portugal. Lisbon, July 27th 2011
Q2 2011 Lisbon, July 27th 2011 Disclaimer 2 Banco Santander, S.A. ("Santander") cautions that this presentation contains forward-looking statements within the meaning of the US Private Securities Litigation
More informationRefresco Gerber reports solid 2015 results and delivers on strategic goals
Press release March 10, 2016 Refresco Gerber reports solid 2015 results and delivers on strategic goals Key indicators: Volume in full year 2015 increased 2.1% to 6,095.5 million liters (FY 2014: 5,968.9
More informationIHS INC. SUPPLEMENTAL REVENUE DISCLOSURE (In thousands)
SUPPLEMENTAL REVENUE DISCLOSURE Revenue by transaction type: Subscription... $ 205,722 $ 184,168 $ 401,208 $ 362,772 Consulting... 15,085 15,150 26,970 28,611 Transaction... 12,235 14,739 23,625 28,709
More informationMondelēz International 2013 Results. February 12, 2014
Mondelēz International 2013 Results February 12, 2014 1 Forward-looking statements This slide presentation contains a number of forward-looking statements. Words, and variations of words, such as will,
More information30 January Portugal Earnings Presentation
30 January 2019 Portugal 2018 Earnings Presentation Disclaimer Banco Santander, S.A. ("Santander") cautions that this presentation contains statements that constitute forward-looking statements within
More information2017 RESULTS. JBS ended 2017 with a 18.9% higher EBITDA of R$13.4 billion. FY free cash flow was R$2.8 billion
2017 RESULTS JBS ended 2017 with a 18.9% higher EBITDA of R$13.4 billion FY free cash flow was R$2.8 billion In 2017, net revenue was R$163.2 billion, equivalent to US$51.5 billion Gross profit totaled
More informationO&M in the Last Mile Ezentis manages, maintains and deploys infrastructure for telecommunications and utilities companies.
1 O&M in the Last Mile Ezentis manages, maintains and deploys infrastructure for telecommunications and utilities companies. Focus on Latin America where Ezentis activity represents 91,3% of total Group
More informationNet Sales: 1,107.6m, -5.4% vs. H of which -1.4% organic growth (1)
PRESS RELEASE H1 2014 RESULTS Tarkett demonstrates the solidity of its business model: Highly resilient margins despite a challenging environment in the CIS countries Highlights Net Sales: 1,107.6m, -5.4%
More information3Q13 Conference Call Gerdau S.A. Consolidated IFRS
3Q13 Conference Call Gerdau S.A. Consolidated IFRS André Gerdau Johannpeter President and CEO Andre Pires Vice-president and IR Director October 31st, de 2013 1 Industry Overview World steel production
More informationFomento de Construcciones y Contratas, S.A. and Subsidiaries
Fomento de Construcciones y Contratas, S.A. and Subsidiaries Consolidated Financial Statements for the year ended 31 December 2014 and Consolidated Directors Report, together with Independent Auditor's
More informationSpain s economic recovery gains speed, but the external balance worsens
Spain s economic recovery gains speed, but the external balance worsens Ángel Laborda and María Jesús Fernández 1 Correction of imbalances, together with structural reform and exogenous factors, supports
More informationAPPENDIX 1 ANNUAL REPORT ON THE REMUNERATION OF DIRECTORS OF LISTED COMPANIES DATA IDENTIFYING ISSUER
APPENDIX 1 ANNUAL REPORT ON THE REMUNERATION OF DIRECTORS OF LISTED COMPANIES DATA IDENTIFYING ISSUER Ending date of reference financial 2013/12/31 Tax Identification Code A-62338827 Registered Name FERSA
More information31 January 2018 SPAIN. January - December 2017
31 January 2018 SPAIN January - December 2017 Disclaimer Banco Santander, S.A. ("Santander") cautions that this presentation contains statements that constitute forward-looking statements within the meaning
More informationBANCO POPULAR ESPAÑOL, S.A.
BANCO POPULAR ESPAÑOL, S.A. ORDINARY GENERAL MEETING OF SHAREHOLDERS The Board of Directors agrees to call an Ordinary General Meeting of Shareholders on the 26 th June 2008 at 10 a.m. at the Hotel Hilton
More informationFOMENTO DE CONSTRUCCIONES Y CONTRATAS, S.A. Full texts of the resolutions approved by the General Meeting of Shareholders on 10 June 2009
FOMENTO DE CONSTRUCCIONES Y CONTRATAS, S.A. Full texts of the resolutions approved by the General Meeting of Shareholders on 10 June 2009 The General Meeting of Shareholders of FOMENTO DE CONSTRUCCIONES
More informationRecent Developments & Impacts on Forecasts and Valuation
MASTERS IN FINANCE EQUITY RESEARCH DIA RETAIL SECTOR 31 OCTOBER 2014 STUDENT: MARIA JOSÉ PRATA maria.jose.prata@novasbe.pt Recommendation: BUY Facts: DIA s 3 rd quarter of 2014 results were released on
More information3 rd Quarter 2017 CAIXA ECONÓMICA MONTEPIO GERAL GROUP. Pursuant to Article 10 of the CMVM Regulation No. 5/2008
REPORT AND ACCOUNTS 3 rd Quarter 2017 CAIXA ECONÓMICA MONTEPIO GERAL GROUP Pursuant to Article 10 of the CMVM Regulation No. 5/2008 (Unaudited financial information prepared in accordance with IFRS as
More informationRESULTS 1Q18. May 14 th, 2018
RESULTS May 14 th, 2018 CONFERENCE CALL DETAILS LIVE EVENT: The Company will host a conference call for investors and analysts today at 12:00 (CET). Please find below conference call telephone numbers:
More informationLegal Notice DISCLAIMER IMPORTANT INFORMATION
Legal Notice DISCLAIMER This document has been prepared by Iberdrola, S.A. exclusively for use during the presentation of financial results of the 2017 fiscal year. As a consequence thereof, this document
More informationBYLAWS OF AMADEUS IT GROUP, S.A. (UPDATED 11 JUNE 2015) BYLAWS IN FORCE BEFORE AMADEUS IT HOLDING, S.A. AND AMADEUS IT GROUP, S.A.
BYLAWS OF AMADEUS IT GROUP, S.A. (UPDATED 11 JUNE 2015) BYLAWS IN FORCE BEFORE AMADEUS IT HOLDING, S.A. AND AMADEUS IT GROUP, S.A. MERGER FREE TRANSLATION INTO ENGLISH. IN CASE OF DISCREPANCY THE SPANISH
More informationFinancial Results January - December 2018
Financial Results January - December 2018 20 February 2019 The Consolidated Financial Statements included in the financial information presented in this document have been audited. This information was
More informationEarnings Presentation. 1 st Quarter April 24, 2002
Earnings Presentation 1 st Quarter 2002 April 24, 2002 Agenda Favourable evolution of Net Income and main Business Indicators 1 Main Indicators EUR Million 31.03.01 31.03.02 % Annual Net Income 160.2 167.6
More informationProject Link Meeting, New York
Project Link Meeting, New York October 22-24, 2012 Country Report: Italy from Rapporto di Previsione Ottobre 2012 (Economic Outlook, October 2012); Prometeia Associazione per le Previsioni Econometriche
More informationPerformance in January-June August 2010
Performance in January-June 2010 12 August 2010 Jyri Luomakoski President and CEO Uponor Corporation Summary of Q2/2010 Financial turmoil after Q1 rocked the stabilising development in the market-place
More information2012 Results. Ángel Cano, BBVA s President & Chief Operating Officer Madrid, February 1st 2013
2012 Results Ángel Cano, BBVA s President & Chief Operating Officer Madrid, February 1st 2013 1 Disclaimer This document is only provided for information purposes and does not constitute, nor must it be
More informationSPANISH NATIONAL SECURITIES MARKET COMMISSION Calle Edison, Madrid Madrid, 5 April 2016 Dear Sirs, CONTROL EMPRESARIAL DE CAPITALES, S.A.
SPANISH NATIONAL SECURITIES MARKET COMMISSION Calle Edison, 4 28006 - Madrid Madrid, 5 April 2016 Dear Sirs, CONTROL EMPRESARIAL DE CAPITALES, S.A. DE C.V. (hereafter, the "Bidding Company", the "Bidder"
More informationFinancial results. January - December Profit for the year was million euros, a 5.2% increase on 2016.
X x Financial results January - December 2017 Profit for the year was 669.8 million euros, a 5.2% increase on 2016. EBITDA was 1,519.5 million euros in 2017, up 2.3% on the previous year. Investments for
More information28 July 2017 ARGENTINA. First half 2017
28 July 2017 ARGENTINA First half 2017 Disclaimer Banco Santander, S.A. ("Santander") and Banco Santander Rio, S.A. caution that this presentation contains statements that constitute forward-looking statements
More informationCapital. Dividends. Stock Market Performance. Investor Relations
Capital Dividends Stock Market Performance Investor Relations Stock Market Performance and the Financial Community 4 Capital On 3 April 2003 the General Shareholders Meeting of Vallehermoso, S.A. approved
More informationApril 2015 A LEADING TECH COMPANY
April 2015 A LEADING TECH COMPANY This presentation has been produced by Indra for the sole purpose expressed therein. Therefore, neither this presentation nor any of the information contained herein constitutes
More informationAn Inflexion Point in the Company 1H 2015 RESULTS PRESENTATION. Madrid, 22 nd July 2015
An Inflexion Point in the Company 1H 2015 RESULTS PRESENTATION Madrid, 22 nd July 2015 Disclaimer In addition to figures prepared in accordance with IFRS, PRISA presents non-gaap financial performance
More informationRELEVANT EVENT. In Barcelona, on 26 May Núria Martín Barnés Secretary to the Board of Directors
Grifols, S.A. Parc Empresarial Can Sant Joan Avda Generalitat nº 152-158 08174 SANT CUGAT DEL VALLES ESPAÑA Tel (34) 935 710 500 Fax (34) 935 710 267 RELEVANT EVENT Pursuant to the provisions of article
More informationBruno Lafont and Jean-Jacques Gauthier
Médiathèque Lafarge - Ignus Gerber 2012 Full Year Results Bruno Lafont and Jean-Jacques Gauthier February 20, 2013 Skytrain station - Dubaï, UAE Important Disclaimer This document contains forward-looking
More informationFinancial results January - September 2018
Financial results January - September 2018 31 October 2018 Profit for the first nine months of 2018 was 520.7 million, a 5.1% rise year-on-year, which is in keeping with the growth target of the 2014-2019
More informationA good start to the year
1 A good start to the year 28 April 2011 No. 17/11 Sales totaled SEK 8,699 M (8,345), representing an increase of 4%, made up of 6% organic growth, 7% acquired growth and exchange-rate effects of 9%. Strong
More informationSpain Economic Outlook Q FIRST QUARTER. Economic Outlook. Spain. Economic Outlook. Spain
Economic Outlook FIRST QUARTER 2016 Spain Economic Outlook Spain The world economy will continue to grow, but at a slower pace than in the past and with more risks Spain's economy has started 2016 with
More informationDeutsche Bank Global Financial Services Conference. 31 st May 2016
Deutsche Bank Global Financial Services Conference 31 st May 2016 Disclaimer This document has been prepared by Bankia, S.A. ( Bankia ) and is presented exclusively for information purposes. It is not
More informationEnglish Version 6M16 MANAGEMENT REPORT (JANUARY JUNE)
English Version 6M16 MANAGEMENT REPORT (JANUARY JUNE) September 28 th, 2016 Table of Contents 1. Selected consolidated data...3 2. Significant events...4 3. Consolidated income statement...5 3.1. Key operating
More informationREPORTS FROM THE BOARD OF DIRECTORS AND ITS NOMINATION AND COMPENSATION COMMITTEE
REPORTS FROM THE BOARD OF DIRECTORS AND ITS NOMINATION AND COMPENSATION COMMITTEE REPORT FILED BY THE NOMINATION AND COMPENSATION COMMITTEE OF EUSKALTEL, S.A. REGARDING THE APPOINTMENT THROUGH CO-OPTION
More informationHUDSON HIGHLAND GROUP RW BAIRD BUSINESS SOLUTIONS CONFERENCE. February 25, 2009
HUDSON HIGHLAND GROUP RW BAIRD BUSINESS SOLUTIONS CONFERENCE February 25, 2009 Forward Looking Statements Please be advised that except for historical information, the statements made during this presentation
More informationAliaxis grows revenue to a record level in 2014
PRESS RELEASE Aliaxis grows revenue to a record level in 2014 Aliaxis S.A. 2014 - Full year results Brussels, 27 March 2015 Aliaxis, a global leader in the manufacturing and distribution of plastic fluid
More informationURALITA GROUP. Consolidated financial statements for the year ended 31 December 2008
URALITA GROUP Consolidated financial statements for the year ended 31 December 2008 Translation of consolidated financial statements originally issued in Spanish and prepared in accordance with IFRSs as
More informationOUTLOOK 2016 / 20 LONDON / 24th February. Financial Management. José Sáinz Chief Financial & Resources Officer
OUTLOOK 2016 / 20 LONDON / 24th February Financial Management José Sáinz Chief Financial & Resources Officer Agenda 1. Financial strategy for 2016-2020 period 2. Risk & sensitivity analysis 3. Conclusion
More informationGIS Reports Second Quarter 2018 Results with Double-Digit Growth in Revenues and EBITDA
Media Contact Tel: +52 (844) 411-1095 pr@gis.com.mx www.gis.com.mx Investor Relations Contact Tel: +52 (844) 411-1050 ir@gis.com.mx http://ri.gis.investorcloud.net/ GIS Reports Second Quarter 2018 Results
More informationAnnual Report 2017 BME. 4 Financing
4.FINANCING 34 Once again, in 2017 the Spanish stock exchange returned to a noteworthy position in the international scene due to the new investment flows channelled to its listed companies, increasing
More informationW. R. Grace & Co. Fourth Quarter 2014 Business Update. Investor Presentation February 5, 2015
W. R. Grace & Co. Fourth Quarter Business Update Investor Presentation February 5, 2015 Disclaimer Statement Regarding Safe Harbor For Forward-Looking Statements This presentation contains forward-looking
More informationBankia. Results Presentation February 2013
Bankia Results Presentation 2012 February 2013 1 of 41 / February 2013 Disclaimer This document has been prepared by Bankia, S.A. ( Bankia ) and is presented exclusively for information purposes. It is
More informationInvestor Teleconference Presentation Third Quarter October 29, 2003
Investor Teleconference Presentation October 29, -2- Earnings Teleconference Forward Looking Statements The forward-looking statements contained in this announcement concerning demand for products and
More informationThanks to 36 billion invested between 2007 and 2008 and to the Company s international and diversification policy
17 February 2009 PRESS release Thanks to 36 billion invested between 2007 and 2008 and to the Company s international and diversification policy IBERDROLA NET PROFIT TOTALLED 2,860.6 MLN IN 2008, DRIVEN
More informationRipley Corp s 3Q17 Earnings Presentation
Ripley Corp s Earnings Presentation 1 9M17 accumulated results 2 Report highlights 3 Results Results by segment 5 Looking forward RIPLEY CORP S 9M17 RESULTS SUMMARY 1 Positive evolution of operational
More informationOPTION REPORTS FULL YEAR 2017 RESULTS FINANCIAL INFORMATION REGULATED INFORMATION - INSIDE INFORMATION
Published March 9, 2018-20h00 CET OPTION REPORTS FULL YEAR 2017 RESULTS FINANCIAL INFORMATION REGULATED INFORMATION - INSIDE INFORMATION Leuven, Belgium March 9, 2018 Option N.V. (EURONEXT Brussels: OPTI;
More informationARC Ratings, S.A. (ARC Ratings) downgrades to BBB, with stable outlook, from BBB+, with negative outlook, the
ARC Ratings downgrades to "BBB" the Réside Études ratings and change the outlook to stable ISSUER Réside Études Investissement S.A. RATING DATE 17 August 2017 ISSUER RATING Medium and Long Term BBB (BBB,
More informationBBVA Annual Report Financial Statements, Management Report and Auditors Report for the year 2017
BBVA Annual Report Financial Statements, Management Report and Auditors Report for the year 2017 KPMG Auditores, S.L. Paseo de la Castellana, 259 C 28046 Madrid Translation of a report originally issued
More information26 th April 2017 ARGENTINA. January - March 2017
26 th April 2017 ARGENTINA January - March 2017 Disclaimer IMPORTANT INFORMATION Banco Santander, S.A. ("Santander") and Banco Santander Río S.A. caution that this presentation contains forward-looking
More informationROADSHOW POST-Q2 & H RESULTS. September 2016
ROADSHOW POST-Q2 & H1 2016 RESULTS September 2016 1. COMPANY OVERVIEW Rexel at a glance : Strategic partner for suppliers and customers Energy Providers Suppliers Customers Endusers Economies of scale
More information2Q Q U A R T E R L Y R E P O R T January-June 2Q 2008
Q U A R T E R L Y R E P O R T January- 2Q08 Q U A R T E R L Y R E P O R T January- 2Q08 2 BBVA GROUP HIGHLIGHTS 3 GROUP INFORMATION 3 Relevant events 6 Earnings 13 Business activity 18 Capital base 20
More informationBanco Popular. Francisco Sancha, CFO. Morgan Stanley 10th Annual European Financials Conference. London, March 25 th, 2015
Banco Popular Morgan Stanley 10th Annual European Financials Conference Francisco Sancha, CFO London, March 25 th, 2015 Disclaimer This presentation has been prepared by Banco Popular Español solely for
More informationConsolidated Financial Statements, Management Report and Auditors Report for the year 2017
Consolidated Financial Statements, Management Report and Auditors Report for the year 2017 KPMG Auditores, S.L. Paseo de la Castellana, 259 C 28046 Madrid Translation of a report originally issued in Spanish
More informationCompany Presentation
1 Company Presentation May 2016 2 WELCOME TO Caja Rural Castilla-La Mancha 3 COMPANY Profile 4 Company Profile Caja Rural de Castilla La Mancha was born 27th February 1963 under the name of Caja Rural
More information2013 Results. February 2014
2013 Results February 2014 Table of Contents Discussion Topics Page Section 1 2013 Highlights (CEO) 3 Section 2 2013 Results (CFO) 10 Section 3 2014 Outlook (CEO) 21 Section 4 2014 Guidance (CFO) 27 Section
More informationCOFINA, SGPS, S.A. Public company
COFINA, SGPS, S.A. Public company Head Office: Rua do General Norton de Matos, 68, r/c Porto Fiscal Number: 502 293 225 Share Capital: 25,641,459 Euro 3 rd quarter 16 FINANCIAL INFORMATION (unaudited)
More informationA report by the board of directors of Banco Bilbao Vizcaya Argentaria, S.A. pursuant to articles 144, 152, and
A report by the board of directors of Banco Bilbao Vizcaya Argentaria, S.A. pursuant to articles 144, 152, 155.1 and 159.1.b) of the Spanish Companies Act (restated version approved by Royal Legislative
More informationExane Spain Investors Day. Francisco Sancha Bermejo Group CFO Madrid, January 16 th, 2014
Exane Spain Investors Day Francisco Sancha Bermejo Group CFO Madrid, January 16 th, 2014 Disclaimer This presentation has been prepared by Banco Popular Español solely for purposes of information. It may
More information