Interim Report First Half 2015 Conference Call
|
|
- Randell Underwood
- 5 years ago
- Views:
Transcription
1 Interim Report First Half 2015 Conference Call Munich, 6 August 2015 Klaus Josef Lutz, CEO Andreas Helber, CFO
2 Agenda 1. Development of the Group in the first half of Development of the Segments in the first half of Outlook for FY August 2015 Page 2
3 Development of the Group First half August 2015 Page 3
4 Development of the Group 1-6/2015 Summary Shift effects & start-up costs affect reporting period Agriculture: High grain inventory levels and already concluded future contracts form sound basis for H2 Cefetra significantly improved y/y Start-up costs (ca EUR 5 million) through international grain trade expansion (BAGI) Internationalisation strategy continued (Evergrain, Asparagus T&G, Barloworld, Padberg) BayWa r.e.: Shift effect: EUR 20 million through sale of US wind farm Beethoven (80 MW) Building materials trade with lagged effects Revenues in EUR million -3.5% 7, ,418.9 EBIT in EUR million % August 2015 Page 4
5 Development of the Group 1-6/2015 Revenues and EBIT as against previous year Revenues EUR 7,418.9 m (Δ 14/15: EUR m / -3.5 %) in EUR m 7, % 7,418.9 Price-induced decline in Energy (lower oil price) Reduction in revenues of approx. EUR 180 million due to restructuring Building Materials (NRW) EBIT in EUR m EUR 40.7 m (Δ 14/15 EUR m / %) % Earnings gap in renewables made up through project sale (80 MW) in July 40.7 Seasonal shortfall in building materials trading Agriculture Segment at year-earlier level August 2015 Page 5
6 Development of the Group 1-6/2015 Key Financials Income Statement in EUR m H H H H H /15 (%) Revenues 4, , , , , % EBITDA % % of Revenues 3.0% 2.9% 2.6% 1.6% 1.3% EBIT % % of Revenues 1.9% 1.8% 1.9% 0.8% 0.5% EBT % % of Revenues 1.5% 1.2% 1.6% 0.4% 0.2% Consolidated net income % Share of minority interest % as % of net income 24.0% 37.2% 16.9% 49.2% 116.7% Share of owners of parent company > -100% as % of net income 76.0% 62.8% 83.1% 50.8% -16.7% Earnings per share (EPS) in EUR > -100% 6 August 2015 Page 6
7 Development of the Segments First half August 2015 Page 7
8 Agriculture Segment 1-6/2015 Seed Fertilisers Crop protection Grain Feedstuff Agricultural equipment Fruit 6 August 2015 Page 8
9 Agriculture Segment 1-6/2015 Market developments: Products Products World grain balance (excluding rice; July 2015) Grain year 2014/15 closes with record results: global harvest volume > 2 billion tons oil seed harvest of 670 million tons around 5% higher y/y Despite ongoing increase in consumption, grain inventories have grown to their highest level worldwide since 2000/01; oil seed inventories at record high In million tons Unfavorable weather (e.g. El Niño) reduces harvest expectations for 2015/16 to good average level: Global grain production 1,997 million tons (-1%) EU harvest volume at around 300 million tons (-7%) Regional dry weather in Germany: grain volume of around 47 million tons anticipated in 2015 (previous year: 51.9 million tons) Grain prices (Matif) trending down through to end of April; as from mid-may, sharp increase to 205 per ton (wheat) & 194 per ton (maize); easing of late again Source: USDA; 2015/16 forecast 6 August 2015 Page 9
10 Agriculture Segment 1-6/2015 Market developments: Resources, Fruit, Equipment Input resources Fruit Agri-Equipment Downturn in fertiliser sales compared with strong previous year; storage for fertilisers season 2015/16 commences Fertiliser prices for new season at year-earlier level Distortion in demand for seed through greening: increasing demand for cover crops Dry weather: decline in application of crop protection Apple stocks in Europe from 2014 harvest now reduced Increase in Apple prices in EU growing areas due to dry weather NZ apple harvest in 2015 to produce high volumes: 551,000 tons estimated (+12.9%); strong selling season Lower EU imports of fruit from southern hemisphere y/y Consolidation of the global agricultural equipment markets: EUR 90 billion in sales anticipated (-10%) in 2015 Downturn in German farmers investment plannings Registrations of new tractors in Germany lower y/y (-8.6%) Innovations and new products expected at Agritechnica (digitalisation) 6 August 2015 Page 10
11 Agriculture Segment 1-6/2015 Revenues and EBIT as against previous year Agricultural Trade In EUR m +1.4% 4, ,427.0 Revenues % 41.3 EBIT Revenues: 14/15 EUR million EBIT: 14/15 EUR -1.1 million Increase in grain trading volume generates revenue growth Fertiliser and crop protection below year-earlier level Margin pressure on agri products Start-up costs of approx. EUR 5 million through internationalisation of agri trade 6 August 2015 Page 11
12 Agriculture Segment 1-6/2015 Revenues and EBIT as against previous year Agricultural Equipment Fruit In EUR m +0.1% in EUR m +10.3% Revenues Revenues EBIT % 7.7 EBIT % Revenues: 14/15 EUR +0.5 million EBIT: 14/15 EUR -3.5 million Sales growth for new machinery (+1%) and used tractors (+8%) Market decline exerts pressure on selling prices Cost increases (personnel, IT) Revenues: 14/15 EUR million EBIT: 14/15 EUR +3.3 million Sales increase T&G Apple inventories from EU bumper harvest in 2014 sold; recent uptrend in prices Good selling proceeds for NZ overseas apples 6 August 2015 Page 12
13 Agriculture Segment 1-6/2015 Key Financials Income Statement Agriculture in EUR m H H H H H /15 (%) Revenues 2, , , , , % EBITDA % % of Revenues 4.0% 3.5% 1.9% 1.7% 1.7% EBIT % % of Revenues 3.2% 2.7% 1.5% 1.3% 1.2% EBT % % of Revenues 2.6% 2.0% 1.2% 0.8% 0.8% 6 August 2015 Page 13
14 Energy Segment 1-6/2015 Fuels Heating Oil Lubricants Solid Biofuels BayWa r.e. 6 August 2015 Page 14
15 Energy Segment 1-6/2015 Market developments Market trends Multi-year comparison heating oil prices Following multi-year lows, the price of crude oil rose in Q2 to more than 60 USD/barrel; recently entered a downtrend again Demand for heating oil benefits from lower oil price level Robust economic development in Germany: economic growth of ca 2% anticipated in 2015 Renewable energies investments: global growth drivers, above all, China & USA 200 GW achieved in global solar capacity; around 57 GW of newly installed capacity forecast for 2015, of which 1.3 GW in Germany Global record installation in wind (onshore) of 54 GW anticipated in 2015; Germany with just under 4 GW is EU's largest market High wind power generated (storms) lifts proportion of green electricity in Germany to 32.5% Development of heating oil prices in Germany Source: TECSON, as of July August 2015 Page 15
16 Energy Segment 1-6/2015 Revenues and EBIT as against previous year Conventional Energy Renewable Energy In EUR m 1, % 1,092.7 In EUR m % Revenues Revenues > +100% 3.1 EBIT 16.8 > -100% EBIT Revenues: 14/15 EUR million EBIT: 14/15 EUR +2.4 million Revenue declined through low oil price Strong heating business: increase in volumes of heating oil (+10%) and wood pellets (+13%) Stable fuel sales; lubricants lower y/y Improved trading margins for crude oil-based products Revenues: 14/15 EUR million EBIT: 14/15 EUR million Sale of US "Beethoven" Wind Farm (80 MW) completed in July (EBIT shift: EUR 20 million) Commissioning of several projects in H1: 4 solar parks (85 MW), 4 wind farms (134 MW) EU solar trade remains in a downtrend; strategic realignment of German activities burdens result 6 August 2015 Page 16
17 Energy Segment 1-6/2015 Key Financials Income Statement Energy in EUR m H H H H H /15 (%) Revenues 1, , , , , % EBITDA % % of Revenues 0.7% 1.8% 2.0% 2.1% 1.2% EBIT > -100% % of Revenues 0.1% 0.9% 1.1% 1.1% -0.1% EBT > -100% % of Revenues -0.1% 0.5% 0.7% 0.6% -0.6% 6 August 2015 Page 17
18 Building Materials Segment 1-6/2015 Building Materials 6 August 2015 Page 18
19 Building Materials Segment 1-6/2015 Market developments Market trends From April onwards, upturn in construction activities following a modest start to the 2015 season due to weather conditions Steady improvement in business climate in the construction industry in Q2: ifo index climbs by 3.9 points Overall revenues of companies in the industry has not yet matched the high year-earlier level; +2% anticipated for the full year Ongoing boom in multi-family housing in conurbations: building permits up 3%; building permit figures for one & two family housing and non-residential construction in decline Completion of 260,000 new homes in 2015 Government investment package for infrastructure measures likely to take effect only in 2016; so far no subsidies planned for residential construction Sentiment in German Construction Sector Construction Industry Assessment present state of business Source: ifo-institut; as of June 2015 Expectation business development 6 August 2015 Page 19
20 Building Materials Segment 1-6/2015 Revenues and EBIT as against previous year Building Materials Segment in EUR m Revenues: EBIT: % > -100% Building Materials Building Materials Revenues: 14/15 EUR million EBIT: 14/15 EUR -9.5 million Weather-induced revenue decline (exceptionally early start to the season in 2014) Sales of materials for roof and extensions lower y/y Transport business of bulk building materials dominates H1; high-margin warehouse business still subdued Earnings largely deferred to Q3 6 August 2015 Page 20
21 Building Materials Segment 1-6/2015 Key Financials Income Statement Building Materials in EUR m H H H H H /15 (%) Revenues % EBITDA % % of Revenues 2.8% 1.7% 0.3% 1.8% 0.5% EBIT > -100% % of Revenues 1.3% 0.5% -0.5% 1.1% -0.2% EBT > -100% % of Revenues 0.7% 0.0% -0.9% 0.6% -0.7% 6 August 2015 Page 21
22 Outlook for FY August 2015 Page 22
23 Outlook for 2015 Outlook 2015 AGRICULTURE AGRICU LTURE Trading activities in core regions benefit from grain price rally in June Moderate harvest estimates for 2015/16 likely to support producer prices Price trend likely to stimulate early purchasing of fertilisers & crop protection High tractor sales in boosts use of services; stimulus through Agritechnica Strong selling season for NZ apples; Apollo takeover pays off EENERGY ENERGY Largest wind farm so far (80 MW) in US sold for around EUR 130 million in July More project sales in second half-year (wind, solar); surge in renewables profit anticipated Positive economic development gives rise to demand expectations for fuel and lubricants No sustainable recovery in oil prices foreseeable BUILD. MAT. Moderate construction forecast for 2015: nominal revenue increase of 2% in Germany BUIL DING MAT ERIA LS Typically strong business in the summer and autumn months still ahead; good order book Higher-margin warehouse business stronger in H2, as experience has shown Improved consumer sentiment in Germany: strengthening B2C sales structure 6 August 2015 Page 23
24 Thank you for your attention The information in this presentation is partly made up of forward-looking statements which are based on assumptions and are subject to unforeseeable risks. In as much as the assumptions on the successful integration of acquisitions and on the internal growth of the company should prove to be inaccurate, or should other unforeseeable risks occur, the possibility of the assets, financial position and results of operations of the Group diverging negatively from the target figures cited in this presentation should not be discounted. can therefore undertake no guarantee that the actual development of the net worth, financial position and results of operations of the Group will concur with the target figures described in this presentation.
Interim Report as per 30 September 2016 Conference Call
Interim Report as per 30 September 2016 Conference Call Munich, 10 November 2016 Klaus Josef Lutz, CEO Andreas Helber, CFO Agenda 1. Development of the Group 1-9/2016 2. Development of the Segments 1-9/2016
More informationQuarterly Financial Statements as per 31 March 2015 Conference Call
Quarterly Financial Statements as per 31 March 2015 Conference Call Munich, 7 May 2015 Andreas Helber, CFO Agenda 1. Development of the Group 1-3/2015 2. Development of the Segments 1-3/2015 3. Outlook
More informationInterim Report First Half 2014 Press Conference
Interim Report First Half 2014 Press Conference Munich, 7 August 2014 Klaus Josef Lutz, CEO Andreas Helber, CFO Agenda 1. Development of the Group in the first half of 2014 2. Development of the Segments
More informationAnnual Financial Statements as per 31 December Press Conference
Annual Financial Statements as per 31 December 2014. Press Conference Munich, 26 March 2015 Klaus Josef Lutz, CEO Andreas Helber, CFO Agenda. 1. Financial Year 2014 2. Performance of the Segments 3. Group
More informationQuarterly Financial Statements as per 31 March 2016 Conference Call
Quarterly Financial Statements as per 31 March 2016 Conference Call Munich, Andreas Helber, CFO Agenda 1. Development of the Group 1-3/2016 2. Development of the Segments 1-3/2016 3. Outlook for FY 2016
More informationInterim Report First Half 2016 Conference Call
Interim Report First Half 2016 Conference Call Munich, 4 August 2016 Klaus Josef Lutz, CEO Andreas Helber, CFO Agenda 1. Development of the Group in the first half of 2016 2. Development of the Segments
More informationInterim Report First Half 2014 Conference Call
Interim Report First Half 2014 Conference Call Munich, Prof. Klaus Josef Lutz, CEO Andreas Helber, CFO Agenda 1. Development of the Group in the first half of 2014 2. Development of the Segments in the
More informationQuarterly Financial Statements as per 31 March 2014 Conference Call
Quarterly Financial Statements as per 31 March 2014 Conference Call Munich, Prof. Klaus Josef Lutz, CEO Andreas Helber, CFO Agenda 1. Development of the Group 1-3/2014 2. Development of the Segments 1-3/2014
More informationInterim Report as per 30 September 2016 Conference Call
Interim Report as per 30 September 2016 Conference Call Munich, Prof. Klaus Josef Lutz, CEO Andreas Helber, CFO Agenda 1. Development of the Group 1-9/2016 2. Development of the Segments 1-9/2016 3. Group
More informationQuarterly Financial Statements as per 30 September 2017 Conference Call
Quarterly Financial Statements as per 30 September 2017 Conference Call Munich, 9 November 2017 Prof. Klaus Josef Lutz, CEO Andreas Helber, CFO Agenda 1. Development of the Group 1-9/2017 2. Development
More informationInterim Report as per 30 September 2012 Conference Call
Interim Report as per 30 September 2012 Conference Call Munich, 12 November 2012 Klaus Josef Lutz, CEO Andreas Helber, CFO Agenda. 1. Performance of the Group 1-9/2012 2. Performance of the Segments 1-9/2012
More informationInterim Report as per 30 September 2014 Conference Call
Interim Report as per 30 September 2014 Conference Call Munich, Prof. Klaus Josef Lutz, CEO Andreas Helber, CFO Agenda 1. Development of the Group 1-9/2014 2. Development of the Segments 1-9/2014 3. Outlook
More informationQUARTERLY STATEMENT. of the BayWa Group 1 January until 30 September 2017
QUARTERLY STATEMENT of the BayWa Group 1 January until 30 September 2017 CONTACT BayWa AG Investor Relations Arabellastr. 4 81925 Munich, Germany ir@baywa.de www.baywa.com Quarterly Statement of the BayWa
More informationBayWa Group Interim Report as at 30 June 2010 Conference Call, 5 August > Klaus Josef Lutz, Chief Executive Officer
BayWa Group Interim Report as at 30 June 2010 Conference Call, 5 August 2010 > Klaus Josef Lutz, Chief Executive Officer Market developments in Q2/2010 Agriculture Firmer producer prices (milk and grain)
More informationFinancial Statements of the BayWa Group as at 31 December 2006
Financial Statements of the BayWa Group as at 31 December 2006 Analysts Conference on 29 March 2007 Wolfgang Deml, Chairman of the Board of Management Highlights 2006 Performance of the segments Key Data
More informationAnnual Financial Statements as per 31 December 2017 Analysts Conference
Annual Financial Statements as per 31 December 2017 Analysts Conference Munich, 29 March 2018 Prof. Klaus Josef Lutz, CEO Andreas Helber, CFO Agenda 1. Financial Year 2017 2. Performance of the Segments
More informationAnnual Financial Statements as per 31 December Analysts Conference
Annual Financial Statements as per 31 December 2016. Analysts Conference Frankfurt/M, Prof. Klaus Josef Lutz, CEO Andreas Helber, CFO Agenda 1. Financial Year 2016 2. Performance of the Segments 3. Group
More informationAnnual Financial Statements as per 31 December 2011 Analysts Conference
Annual Financial Statements as per 31 December 2011 Analysts Conference Frankfurt/M, 30 March 2012 Klaus Josef Lutz, CEO Andreas Helber, CFO Agenda 1. Financial Year 2011 2. Group Financials 3. Performance
More informationInterim Report as at 30 September 2011 Conference Call
Interim Report as at 30 September 2011 Conference Call Munich, 10 November 2011 Klaus Josef Lutz CEO Klaus Josef Lutz, CEO Andreas Helber, CFO Agenda 1. Building Materials Segment: Strategic solution for
More informationInterim Report of the BayWa Group as per 31 March 2013
I n t e r i m r e p o r t of the BayWa Group 1 January until 31 March 2013 Interim Report of the BayWa Group as per 31 March 2013 The Report provides information on the business performance of the BayWa
More informationCONSOLIDATED FINANCIAL STATEMENTS. BayWa AG
CONSOLIDATED FINANCIAL STATEMENTS 2015 BayWa AG Consolidated Financial Statements Overview Management Report on the Group in the Financial Year 2015 OVERVIEW In a challenging market environment with widespread
More informationConsolidated Financial Statements 2012 of BayWa AG
Consolidated Financial Statements 2012 of BayWa AG Management Report on the BayWa Group in Financial Year 2012 I. Summary of performance in 2012 BayWa was able to continue its successful development into
More informationFourth Quarter 2014 Earnings Conference Call. 26 November 2014
Fourth Quarter 2014 Earnings Conference Call 26 November 2014 Safe Harbor Statement & Disclosures The earnings call and accompanying material include forward-looking comments and information concerning
More informationPRESS RELEASE 1. ******** DIVIDEND: 8 gross per share ( = ) The environment was favourable in 2011 for the fertiliser industry and the Rosier Group.
21 March 2012, 5.30 pm REGULATED INFORMATION PRESS RELEASE 1 2011 RESULTS: Sales: 265.0 million (up 19%) Operating profit: 9.6 million (up 2%) Net profit for the period: 6.6 million (up 9%) ******** DIVIDEND:
More informationSolid Close to Fiscal 2013
Solid Close to Fiscal 2013 Joe Kaeser, President and Chief Executive Officer of Siemens AG With a solid fourth quarter, we completed an eventful year in fiscal 2013. Now we re looking ahead and concentrating
More informationQ Interim Report
Q1 2013 Interim Report David Woolley (CEO) & David Bessant (CFO) 1 Agenda Q1 2013 Highlights DW Summary of financial results DB Q2 2013 Outlook DW Q&A DW & DB 2 Q1 2013 Highlights Activity in Q1 2013 showed
More informationSecond Quarter 2016 Earnings Conference Call. 20 May 2016
Second Quarter 2016 Earnings Conference Call 20 May 2016 Safe Harbor Statement & Disclosures The earnings call and accompanying material include forward-looking comments and information concerning the
More informationEUROPEAN COMMISSION DIRECTORATE-GENERAL FOR ECONOMIC AND FINANCIAL AFFAIRS. September 2006 Interim forecast
EUROPEAN COMMISSION DIRECTORATE-GENERAL FOR ECONOMIC AND FINANCIAL AFFAIRS September 26 Interim forecast Press conference of 6 September 26 European economic growth speeding up, boosted by buoyant domestic
More informationSecond Quarter 2011 Earnings Conference Call. 18 May 2011
Second Quarter 2011 Earnings Conference Call 18 May 2011 Safe Harbor Statement & Disclosures The earnings call and accompanying material include forward-looking comments and information concerning the
More informationDürr Group business trend in the first quarter of 2002
Dürr Group business trend in the first quarter of 2002 May 28, 2002 With a good project situation in Europe and China, but below-average development in North and South America, incoming orders for the
More informationAnnual General Meeting Fiscal Year 2013
Annual General Meeting Fiscal Year 2013 Oberhausen, April 16, 2014 Check against delivery. GEA Group Aktiengesellschaft Performance of GEA Group 2 Annual General Meeting Fiscal Year 2013 Highlights of
More informationMAKING MODERN LIVING POSSIBLE Q Danfoss delivers solid Q1 performance.
MAKING MODERN LIVING POSSIBLE Q1 2013 Danfoss delivers solid Q1 performance www.danfoss.com Contents Highlights from the first quarter 2012...3 Financial highlights...4 Danfoss delivers solid Q1 performance...5
More informationInterim Report. Second Quarter and First Half of Fiscal siemens.com. Energy efficiency. Intelligent infrastructure solutions
Energy efficiency Next-generation healthcare Industrial productivity Intelligent infrastructure solutions Interim Report Second Quarter and First Half of Fiscal 2014 siemens.com Key to references REFERENCE
More informationAustrian Economy to Grow by 0.5% in 2013
Gerhard Fenz No Economic Momentum in the First Half of 203 The Austrian economy continued in the doldrums in the first half of 203, which means that it has been stagnating for more than a year now. In
More informationThe future has already begun. With us.
The future has already begun. With us. Analysts Conference 2018 Financial Year Frankfurt, 11 December 2018 MVV Energie Disclaimer No offer, invitation or recommendation to purchase or sell securities of
More informationWheat market may take patience Exports, seasonal weakness weigh on prices for now. By Bryce Knorr, Senior Grain Market Analyst
Wheat market may take patience Exports, seasonal weakness weigh on prices for now By Bryce Knorr, Senior Grain Market Analyst The best days of the wheat rally may still be ahead. But first the market may
More informationOutlook for the Japanese Economy in 2007
VOL2.NO.2 January 2007 Outlook for the Japanese Economy in 2007 Economic recovery surpasses Izanagi in length The economy is continuing its longest post-war economic recovery. Nearly five years have passed
More informationInterim financial report 2013
MAKING MODERN LIVING POSSIBLE Interim financial report 2013 Danfoss delivers strong results in a flat market www.danfoss.com Contents Danfoss delivers strong results in a flat market...3 Financial highlights...4
More informationFourth Quarter 2016 Earnings Conference Call. 23 November 2016
Fourth Quarter 2016 Earnings Conference Call 23 November 2016 Safe Harbor Statement & Disclosures The earnings call and accompanying material include forward-looking comments and information concerning
More information9M QUARTERLY STATEMENT Financial Year
9M QUARTERLY STATEMENT 2017 Financial Year Key Figures of the MVV Energie Group 1 Euro million Sales and earnings 1 Oct 2016 to 30 Jun 2017 1 Oct 2015 to 30 Jun 2016 % change Sales excluding energy taxes
More informationMajor Progress with Portfolio Optimization
Major Progress with Portfolio Optimization Financial Highlights: Orders for the third quarter rose 19% year-overyear, to 21.141 billion. Revenue was 19.248 billion, below the prior-year level. The book-to-bill
More informationINCREASING THE RATE OF CAPITAL FORMATION (Investment Policy Report)
policies can increase our supply of goods and services, improve our efficiency in using the Nation's human resources, and help people lead more satisfying lives. INCREASING THE RATE OF CAPITAL FORMATION
More informationSMART STEEL. Q Results. Detlef Borghardt, CEO Dr. Matthias Heiden, CFO. November 8, 2018
SMART STEEL Q3 218 Results Detlef Borghardt, CEO Dr. Matthias Heiden, CFO November 8, 218 Agenda Business Summary Preliminaries confirmed Market update Segments: Status and profitability trend in the regions
More informationHAMBURGER HAFEN UND LOGISTIK AG
HAMBURGER HAFEN UND LOGISTIK AG Analyst Conference Call on the Interim Results January to March 2017 Hamburg, 12 May 2017 Disclaimer The facts and information contained herein are as up to date as is reasonably
More informationContact CropEnergies AG Investor relations Public Relations / Marketing Forward-looking statements and forecasts 1st 3rd Quarter
Contact CropEnergies AG Maximilianstraße 10 68165 Mannheim Investor relations Heike Baumbach Phone: +49 (621) 714190-30 Fax: +49 (621) 714190-03 ir@cropenergies.de Public Relations / Marketing Nadine Dejung-Custance
More informationThe End of the World As We Know It Senior Analyst Darin Newsom. DTN/The Progressive Farmer 2012 Ag Summit December 12, 2012
The End of the World As We Know It Senior Analyst Darin Newsom DTN/The Progressive Farmer 2012 Ag Summit December 12, 2012 The End Were the Mayans Right? Signs, Signs, Everywhere are Signs Continued economic
More informationA Sound Start to Fiscal 2014
A Sound Start to Fiscal 2014 Joe Kaeser, President and Chief Executive Officer of Siemens AG Financial Highlights: We delivered a sound quarter to start our fiscal year. As expected, market conditions
More informationSecond Quarter 2010 Earnings Conference Call. 19 May 2010
Second Quarter 2010 Earnings Conference Call 19 May 2010 Safe Harbor Statement & Disclosures The earnings call and accompanying material include forward-looking comments and information concerning the
More informationIndustry anticipating 1.8 percent rise in GDP. Global upturn is the main factor
QUARTERLY REPORT GERMANY Industry anticipating 1.8 percent rise in GDP. Global upturn is the main factor Quarter III / 2017 The German economy is picking up speed considerably. We are expecting real economic
More informationAustria s economy set to grow by close to 3% in 2018
Austria s economy set to grow by close to 3% in 218 Gerhard Fenz, Friedrich Fritzer, Fabio Rumler, Martin Schneider 1 Economic growth in Austria peaked at the end of 217. The first half of 218 saw a gradual
More informationVolatility, risk, and risk-premium in German and Continental power markets
Volatility, risk, and risk-premium in German and Continental power markets Stefan Judisch Supply & Trading GmbH RWE Supply & Trading PAGE 0 Agenda 1. What are the market fundamentals telling us? 2. What
More informationQUARTERLY STATEMENT. Contact. Financial Year 2018/19. 1 st Quarter 1 March to 31 May CropEnergies AG Maximilianstraße Mannheim
Contact CropEnergies AG Maximilianstraße 10 68165 Mannheim Investor relations Heike Baumbach Phone: +49 (621) 714190-30 Fax: +49 (621) 714190-03 ir@cropenergies.de Public Relations / Marketing Nadine Dejung-Custance
More informationSMART STEEL. Q Results. Detlef Borghardt, CEO Dr. Matthias Heiden, CFO. August 14, 2018
SMART STEEL Q2 218 Results Detlef Borghardt, CEO Dr. Matthias Heiden, CFO August 14, 218 Agenda Business Summary Guidance adjustment FY 218 Market update Regional trends: Status and profitability trend
More informationWILMAR INTERNATIONAL LIMITED 1Q2016 Results Highlights. May 10, 2016
WILMAR INTERNATIONAL LIMITED 1Q2016 Results Highlights May 10, 2016 IMPORTANT NOTICE Information in this presentation may contain projections and forward looking statements that reflect the Company s current
More informationSGS GROUP RESULTS FIRST HALF Presentation to the Financial Community Geneva, 15 July 2009
SGS GROUP RESULTS FIRST HALF 2009 Presentation to the Financial Community Geneva, 15 July 2009 CONTENT FINANCIAL HIGHLIGHTS BUSINESS OVERVIEW FINANCIAL HIGHLIGHTS 2009 Highlights Revenue Analysis Operating
More informationKION UPDATE CALL Q Gordon Riske, CEO Thomas Toepfer, CFO Wiesbaden, 7 May 2015
KION UPDATE CALL 2015 Gordon Riske, CEO Thomas Toepfer, CFO Wiesbaden, 7 May 2015 AGENDA 1 Highlights Gordon Riske 2 Market update Gordon Riske 3 Financial update Thomas Toepfer 4 Outlook Gordon Riske
More informationinnogy confirms strategy and outlook for 2018
innogy confirms strategy and outlook for 2018 Strategy for value-added growth rigorously pursued Capital expenditure in operational business further increased Business performance in first half of year
More informationFinancial Results. for the year ended December 31, Shigeru Kimura
Financial Results for the year ended December 31, 2017 Shigeru Kimura Director and Senior Managing Executive Officer, General Manager of Planning & Control Headquarters February 21, 2018 Financial Summary
More informationInvestor Conference Call FY March 2018»
Investor Conference Call FY 22 March 2018» Thomas Kusterer, Chief Financial Officer Ingo Peter Voigt, Head of Finance, M&A and Investor Relations Earnings turnaround achieved in Adjusted EBITDA in bn turnaround
More information(January 1, 2017 December 31, 2017) I. Consolidated results of operations for the fiscal year ended December 31, 2017 (Billions of yen, %)
February 13, 2018 ISEKI & CO., LTD. Supplementary Information to Consolidated Financial Results (January 1, ) I. Consolidated results of operations for the fiscal year ended (Billions of yen, %) Year-on-year
More informationBUSINESS YEAR 2017/18 2 nd QUARTER, 1 st HALF
BUSINESS YEAR 2017/18 2 nd QUARTER, 1 st HALF Investor Relations November 2017 www.voestalpine.com OVERVIEW BUSINESS MODEL» voestalpine is a leading technology and capital goods group with combined material
More informationInterim results briefing Jyri Luomakoski President and CEO Riitta Palomäki CFO 1 3 / 2016
Interim results briefing Jyri Luomakoski President and CEO Riitta Palomäki CFO 1 3 / 2016 Q1/2016: Steady progress in Europe, strong growth in North America January - March, M Net sales Healthy U.S. market
More informationKverneland Group. Rogaland på børs. Enter the Future of Farming. - Enter the world of. Kverneland Group
Kverneland Group Rogaland på børs Enter the Future of Farming - Enter the world of Kverneland Group 1 Kverneland Group s Vision Leading in grass and arable implements player in Western Europe and Central
More informationResults for the first three quarters of 2010 November 8, 2010
Results for the first three quarters of November 8, ANDRITZ GROUP /Q1 results at a glance Favorable business development in Order intake: 932 in : +11 vs. 3,236 in Q1 : +27 vs. Q1 Order backlog: 5,478
More informationInterim Report. First Quarter of Fiscal siemens.com. Energy efficiency. Intelligent infrastructure solutions. Next-generation healthcare
Energy efficiency Next-generation healthcare Industrial productivity Intelligent infrastructure solutions Interim Report First Quarter of Fiscal 2014 siemens.com Key to references REFERENCE WITHIN THE
More informationFINANCIAL STATEMENTS CONSOLIDATED ENTIRELY DIGITAL. BayWa AG. The following publications are available online. in German and English at:
ENTIRELY DIGITAL The following publications are available online in German and English at: www.baywa.com Consolidated financial statements Company brochure Sustainability Report CONSOLIDATED FINANCIAL
More informationFULL-YEAR RESULTS 2017
FULL-YEAR RESULTS 2017 Agenda Founded Goodvalley in 1994 Goodvalley since 2016 This presentation contains forward-looking statements. Such statements are subject to risks and uncertainties as various factors,
More information2Q 2018 Earnings Call. 18 May 2018
2Q 2018 Earnings Call 18 May 2018 1 Safe Harbor Statement & Disclosures The earnings call and accompanying material include forward-looking comments and information concerning the company s plans and projections
More informationFourth Quarter 2011 Earnings Conference Call. 23 November 2011
Fourth Quarter 2011 Earnings Conference Call 23 November 2011 Safe Harbor Statement & Disclosures The earnings call and accompanying material include forward-looking comments and information concerning
More informationFor personal use only
ASX and Media Release 16 August 2018 GALE Pacific delivers to top end of guidance with FY18 PBT $12.5m GALE Pacific Limited (ASX: GAP) is pleased to announce its financial results for the full year ended
More informationBusiness performance compared with the first nine months of the prior year was mainly influenced by the following factors:
Despite the weak economic environment Aurubis AG breaks even in the first nine months of fiscal year 2008/09 and records a significantly higher net cash flow than in the prior year Hamburg, 12 August 2009
More informationSCHMOLZ + BICKENBACH raises full-year outlook after a solid second quarter
Media release SCHMOLZ + BICKENBACH raises full-year outlook after a solid second quarter Sales volume in Q2 2017 almost stable compared to Q2 2016 as demand remained robust in most product groups, customer
More informationCompass Minerals Business Update. August 6, 2018
N Compass Minerals Business Update August 6, 2018 Forward-Looking Statements Certain statements in this presentation, including without limitation statements about the highway deicing bid season, including
More informationNEWS RELEASE. Deere Announces Record First-Quarter Earnings of $681 Million. Contact: Ken Golden Director, Global Public Relations
NEWS RELEASE Contact: Ken Golden Director, Global Public Relations 309-765-5678 Deere Announces Record First-Quarter Earnings of $681 Million Income for quarter climbs 5%; earnings per share up 10%. Improvement
More informationINTERIM REPORT FIRST QUARTER 2014/15
Q1 INTERIM REPORT FIRST QUARTER 2014/15 1 March to 31 May 2014 Publication date: 10 July 2014 CONSOLIDATED GROUP REVENUES posted at 1,773 (1,979) million, down 10 % from last year CONSOLIDATED GROUP OPERAT-
More informationINTERIM MANAGEMENT REPORT
INTERIM MANAGEMENT REPORT Carr s unaudited result for the 26 weeks to 27 February 2010 was ahead of the Board s expectations and the Group remains on-track for an improved result in the current year to
More information3Q 2018 Earnings Call. 17 August 2018
3Q 2018 Earnings Call 17 August 2018 1 Safe Harbor Statement & Disclosures The earnings call and accompanying material include forward-looking comments and information concerning the company s plans and
More informationOutlook for Economic Activity and Prices
Not to be released until : p.m. Japan Standard Time on Saturday, October 31, 15. October 31, 15 Bank of Japan Outlook for Economic Activity and Prices October 15 (English translation prepared by the Bank's
More informationHalf Year Results 6 Months Ended 30 June July 2018
Half Year Results 6 Months Ended 30 June 2018 24 July 2018 Agenda Operations and Business Review Will Gardiner, CEO Financial Review Den Jones, Interim CFO Delivering the Strategy Will Gardiner, CEO 2
More informationFUCHS GROUP. In Motion. Investor Presentation, November 2017 Dagmar Steinert, CFO Thomas Altmann, Head of Investor Relations
FUCHS GROUP In Motion Investor Presentation, November 2017 Dagmar Steinert, CFO Thomas Altmann, Head of Investor Relations Agenda 01 02 03 04 The Leading Independent Lubricants Company Q1-3 2017 Shares
More informationInterim Report. First to third quarter 2012/13. Consolidated group revenues climb 15 % to 6,046 (5,244) million. consolidated group operating
Q3 2012/13 Interim Report First to third quarter 2012/13 March 1 to November 30, 2012 Publication date: January 10, 2013 Consolidated group revenues climb 15 % to 6,046 (5,244) million Consolidated group
More informationMarch June Summary. A sharp improvement in nominal growth. Components of GDP. 4Q16 GDP Growth
GDP Australian 4Q16: GDP: A return XXX to growth June 2015 March 2017 Summary The economy returned decisively to growth in the final quarter of 2016, recording 1.1% growth q-q. This was boosted by household
More informationIncreased production volatility and impact across the entire Agribusiness Supply Chain
Corporate Solutions Increased production volatility and impact across the entire Agribusiness Supply Chain Bernard Belk, Global Head Food & Agriculture Global Grain, Geneva, 12-14 November 2013 Agenda
More informationNordex AG. Conference Call Q Nordex AG. Nordex AG Conference Call. May 26, Nordex AG Conference Call FY Q1/2009 May 22, 2009
Nordex AG Nordex AG Conference Call Q1/2009 May 22, 2009 Nordex AG Conference Call Q1 2008 Nordex AG Conference Call FY 2008 April 21, 2009 May 26, 2008 Page 1 Overview Promising start to 2009 Sales +17%
More informationCONJONCTURE IN FRANCE
INSEE CONJONCTURE CONJONCTURE IN FRANCE JUNE 2007 EURO ZONE: CONSUMPTION TAKES THE LEAD This document is available on the INSEE Webserver http:/www.insee.fr Euro zone: consumption takes the lead The global
More informationMarket Commentary May 2015
Investment Markets in May 2015 Highlights A sharp rise in bond yields in the first half of May led to increased volatility in equity markets. European sovereign bond yields fell back at month end as the
More informationSix months of FY ending December 31, (0.4) (1.9) 22.5 (0.4) (0.3) (0.4) (0.1) (0.4) (0.7) (2.0) 0.9 (1.
November 11, ISEKI & CO., LTD. Supplementary Information to Consolidated Financial Results (April 1, September 30, ) I. Consolidated business results for the six months ended September 30, (Billions of
More informationPress. Mixed picture in second quarter
Press Munich, May 2, 2013 Mixed picture in second quarter New orders climb 20 percent due to major orders Order backlog at 101 billion Revenue declines seven percent Net income increases to 1 billion Earnings
More informationFY ended March 31, 2015 Restated *1. Year-on year change. Difference (forecast/ actual) FY ended December 31, December 31, 2015 Forecast *2
February 12, 2016 ISEKI & CO., LTD. Supplementary Information to Consolidated Financial Results (April 1, ) I. Consolidated business results for the fiscal year ended (Billions of yen, %) March 31, Restated
More informationInterim results briefing. Jyri Luomakoski President and CEO Riitta Palomäki CFO 1 9 / 2016
Interim results briefing Jyri Luomakoski President and CEO Riitta Palomäki CFO 1 9 / 2016 Q3/2016: Performance in Europe improved, supply issues impacted North American business July - September, M Net
More information4Q 2017 Earnings Call. 22 November 2017
4Q 2017 Earnings Call 22 November 2017 1 Safe Harbor Statement & Disclosures The earnings call and accompanying material include forward-looking comments and information concerning the company s plans
More informationRESULTS 9M18 and Outlook
RESULTS 9M18 and Outlook 1 Contents BUSINESS UNIT RESULTS 9M18 AND 2018 OUTLOOK 1.1 Rice 1.2 Pasta CONSOLIDATED GROUP RESULTS 9M18 AND 2018 OUTLOOK 2.1 P&L 2.2 Debt Performance CONCLUSION CORPORATE CALENDAR
More informationCECONOMY confirms its guidance for the full year
CECONOMY confirms its guidance for the full year // Sales adjusted for currency effects and portfolio changes up by 1.3% to around 6.9 billion in Q1 2017/18, EBITDA down 51 million year on year to 315
More informationNational Flour Mills (NFM) six months ended 30th June 2015
Wednesday 29 th July 2015 3:15 pm Local Prepared by: Yuri Seedial, Analyst I (Research and Analytics) National Flour Mills (NFM) six months ended 30th June 2015 Financial Performance For the second quarter
More informationOctober December Peter Nilsson, President & CEO Ulf Berghult, Chief Financial Officer
October December 206 Peter Nilsson, President & CEO Ulf Berghult, Chief Financial Officer Highlights Business areas Financials Summary & Q 207 outlook Q&A 2 207-02-0 New platform - focus on profitable
More informationCorporate News. May 10, 2012 STADA The Health Company Page 1 of 9
Corporate News STADA: Excellent start in Q1/2012 Increase in all adjusted key earnings figures Reported key earnings figures burdened by planned one-time special effects Positive outlook until 2014 confirmed
More informationFUCHS GROUP. Setting Standards - Worldwide. Company Presentation, March 2017 Dagmar Steinert, CFO Thomas Altmann, Head of Investor Relations
FUCHS GROUP Setting Standards - Worldwide Company Presentation, March 2017 Dagmar Steinert, CFO Thomas Altmann, Head of Investor Relations Agenda 01 The Leading Independent Lubricants Company 02 FY 2016
More informationFundamental Factors Affecting Agricultural and Other Commodities. Research & Product Development Updated July 11, 2008
Fundamental Factors Affecting Agricultural and Other Commodities Research & Product Development Updated July 11, 2008 Outline Review of key supply and demand factors affecting commodity markets World stocks-to-use
More information1 st Half-year, 2014 Danfoss delivers good half-year results
1 st Half-year, 2014 Danfoss delivers good half-year results www.danfoss.com www.danfoss.com Danfoss at a glance Danfoss is a world-leading supplier of technologies that meet the growing need for food
More informationDeveloping Asia: robust growth prevails. Economics and Research Department Asian Development Bank
Developing Asia: robust growth prevails Economics and Research Department Asian Development Bank Preview Prospects for world economy in 2006-2007: positive but risks remain Developing Asia in 2006-2007:
More information