June DIRK Trend Indicator, Spring 2013

Transcription

1 June 2013 DIRK Trend Indicator, Spring 2013

2 Survey details Half-yearly survey of IR professionals (DIRK members) Internet-based written survey from to Basis: 313 DIRK members (2-2012: 324 ) Responses: 78= 25% (2-2012: 28%) Broken down by indices, the responses came from: - 13 DAX companies (= 43% of all DAX-listed companies) - 16 MDAX companies (= 32% of all MDAX-listed companies) - 7 TecDAX companies (= 23% of all TecDAX-listed companies) - 8 SDAX companies (= 27% of all SDAX-listed companies) - 14 companies that are not part of a selection index 52% of all the companies to have responded belong to the Prime Standard segment DIRK Trend Indicator, Spring

3 Survey details Half-yearly survey of IR professionals (CIRA members) Internet-based written survey from to Basis: 61 CIRA members Responses: 11=18% (2-2012: 26%) Half-yearly survey of IR professionals (IR Club members) Internet-based written survey from to Basis: 61 SIRV members Responses: 22=36% (2-2012: 32 %) DIRK Trend Indicator, Spring

4 Spring 2013 Trend Indicator RESULTS DIRK Trend Indicator, Spring 2013

5 Questionnaire 1. How is the situation in your company compared to 6 months ago? (better the same worse) 2. What are your expectations regarding the development of the economic situation of your company in the next 6 months? (better the same worse) 3. In the next 6 months the number of employees in the area of Investor Relations will increase - stay the same decrease 4. In the next 6 months the number of investor meetings will increase - stay the same decrease 5. In the next 6 months the number of sell-side analysts covering you will increase - stay the same - decrease DIRK Trend Indicator, Spring 2013

6 Assessment of economic situation of companies by country comparison By country left-hand bar: assessment of current situation; right-hand bar: assessment of future situation 4,3 24,4 19,2 8 54,5 52,2 6 44,9 72,7 78,3 Worse 4 56,4 Unchanged Better 19,2 35,9 45,5 27,3 43,5 21,7 current future current future current future DIRK Trend Indicator, Spring

7 Assessment of current situation of companies in Germany from year to year Assessment of current situation ,0 31,0 66,0 12,0 42,7 45,3 15,9 48,6 35,5 38,6 38,0 23,4 62,4 25,5 12,1 20,8 39,6 39,6 7,8 6,0 7,9 39,4 52,8 18,6 75,4 30,7 61,4 19,0 44,6 10,5 52,3 36,4 37,2 22,7 24, ,4 30,9 56,4 19,2 Worse Unchanged Better DIRK Trend Indicator, Spring

8 Assessment of current situation of companies in Switzerland from year to year Assessment of current situation 0 9,5 11,1 19 4,3 8 32,0 19,0 38,1 52,2 6 50,0 57,1 Worse Unchanged ,4 38,1 Better 38,9 43,5 23,8 23, DIRK Trend Indicator, Spring

9 Assessment of current situation of companies in Austria from year to year Assessment of current situation 3,6 5,3 19,0 8 39,4 46,4 56,3 54,5 6 63,2 Worse Unchanged 4 81,0 Better 60,6 50,0 43,8 31,6 45, DIRK Trend Indicator, Spring

10 Assessment of current situation of companies in Germany - Indices Assessment of current situation 24,4 12,5 12,5 20,6 8 38,5 57,1 6 56,3 4 56,4 46,2 87,5 58,8 Worse Unchanged Better 28,6 19,2 15,4 31,3 14,3 20,6 Total DAX MDAX TecDA X SDAX No Index DIRK Trend Indicator, Spring

11 Assessment of current situation of companies in Germany - Industries Assessment of current situation 24,4 14,3 28,6 12,5 16,7 8 55,6 50,0 6 56,4 71,4 75,0 66,7 worse the same 4 71,4 33,3 better 44,4 19,2 14,3 12,5 16,7 16,7 Total Financial Services Software Industrial Technology Chemicals Consumer DIRK Trend Indicator, Spring

12 Assessment of future situation of companies in Germany from year to year Assessment of future situation 5,1 5,1 7,2 27,5 10,1 4,2 6,0 6,9 20,7 7,0 25,8 19,2 8 33,3 47,0 54,3 48,9 46,8 41,5 38,1 39,6 53, ,4 50,4 46,4 44,9 Worse Unchanged Better 61,6 47,9 38,4 26,1 40,4 43,2 54,2 56,0 53,5 28,9 39,5 27,8 35,9 10, DIRK Trend Indicator, Spring

13 Assessment of future situation of companies in Switzerland from year to year Assessment of future situation 9,5 14,3 8 56,0 47,6 6 57,1 72,2 61,9 78,3 Worse Unchanged 4 Better 47,6 44,0 33,3 27,8 23,8 21,7 4, DIRK Trend Indicator, Spring

14 Assessment of future situation of companies in Austria from year to year Assessment of future situation 6,1 4,8 21,4 26,3 8 28,6 48, ,0 75,0 52,6 72,7 Worse Unchanged Better 66,7 45,5 28, ,1 27, DIRK Trend Indicator, Spring

15 Assessment of future situation of companies in Germany - Indices Assessment of future situation 19,2 23,1 12,5 12,5 26, ,9 46,2 43,8 71,4 50,0 38,2 Worse Unchanged 4 Better 35,9 30,8 43,8 28,6 37,5 35,3 Total DAX MDAX TecDAX SDAX No Index DIRK Trend Indicator, Spring

16 Assessment of future situation of companies in Germany - Industries Assessment of future situation 8 19,2 28,6 14,3 37,5 16,7 33,3 55,6 6 44,9 4 42,9 71,4 37,5 66,7 33,3 worse the same better 35,9 28,6 14,3 25,0 44,4 16,7 33,3 Total Financial Services Software Industrial Technology Chemicals Consumer DIRK Trend Indicator, Spring

17 Trend Indicator: current and future situation in German Assessment of current prospect Assessment of future prospects The indicator currently stands at -5 points in Germany, which represents a decrease of 13 points. It is the first time since early 2009 that the indicator falls below zero. The future indicator stands at 17 points in Germany: In autumn 2012 it decreased from 33 to 2 points. Now it increased again to 17 points; which is still the 5 th lowest result since 2004 (17 trend values in total). DIRK Trend Indicator, Spring

18 Questionnaire: Stats 1. Current number of IR employees 2. Current sell-side analyst coverage 3. Development in 1-1 Meetings DIRK Trend Indicator, Spring 2013

19 Current number of IR employees (full-time) By country 8 6 5,1 4,3 4,3 11,5 27,3 21,8 21,7 > to 20 5 to 10 3 to ,3 72,7 69,6 1 to 2 None Median 1, DIRK Trend Indicator, Spring

20 Current number of IR employees in Germany (full-time) Comparison of surveys from 2009 to ,8 5,0 4,9 3,0 3,0 4,1 5,8 5,2 5,1 13,5 5,6 13,0 13,4 13,9 9,9 9,3 8,2 11,5 13,4 14,9 14,2 17,5 16,6 23,1 19,8 21,8 21,8 > to 20 5 to 10 3 to ,4 64,7 72,5 67,2 58,4 62,8 62,8 69,1 60,3 1 to 2 None 1,4 0,7 3,6 2,2 3,0 2,3 1, DIRK Trend Indicator, Spring

21 Current number of IR employees in Germany (full-time) - Indices 5,1 11,5 30,8 12,5 14,3 5,9 25,0 11,8 8 21,8 > ,0 11 to 20 5 to 10 38,5 4 60,3 85,7 75,0 79,4 3 to 4 1 to 2 15,4 37,5 None 15,4 1,3 2,9 Total DAX MDAX TecDAX SDAX No Index DIRK Trend Indicator, Spring

22 Current sell-side analyst coverage By country 1,3 4,3 9,1 10,3 4, ,1 19,2 9,1 27,3 30,4 > ,2 18,2 34, No cov. 24,4 36,4 17,4 Median 11, ,7 DIRK Trend Indicator, Spring

23 Current sell-side analyst coverage in Germany Comparison of surveys from 2009 to ,8 1,4 2,1 4,9 8,2 9,4 6,7 10,7 10,3 11,6 13,9 11,3 14,8 15,1 17,2 14,0 17,5 14,1 15,1 14,9 17,6 27,0 19,2 20,1 20,1 21,5 20,6 23,3 22,8 11,3 18,4 18,8 11,9 17,4 16,5 19, ,8 38,0 > No cov. 31,2 28,8 37,3 21,8 28,9 27,9 33,0 24,4 11,3 11,5 3,6 5,0 3,0 5,0 5,8 5,8 3, DIRK Trend Indicator, Spring

24 Current sell-side analyst coverage in Switzerland Comparison of surveys from 2009 to ,0 14,3 9,5 9,5 4,3 4,3 8 24,0 23,8 38,9 23,8 30,4 > , ,0 24,0 23,8 14,3 8,0 4,8 14,3 4,0 4,8 33,3 22,2 19, ,7 11,1 11,1 28,6 19,0 14,3 4,8 34,8 17,4 8, No cov. DIRK Trend Indicator, Spring

25 Current sell-side analyst coverage in Austria Comparison of surveys from 2009 to ,1 4,8 7,1 6,3 15,8 9,1 8 24,2 28,6 17,9 18,8 9,1 > ,1 14,3 25,0 31,3 26,3 27, ,4 38,1 28,6 25,0 42,1 18, No cov. 36,4 15,2 14,3 21,4 18,8 15, DIRK Trend Indicator, Spring

26 Current sell-side analyst coverage in Germany - Indices 8 1,3 10,3 14,1 7,7 31,3 42,9 25,0 2,9 17,6 > ,2 61, ,2 68,8 62,5 52, No cov. 24,4 23,1 57,1 26,5 11,5 7,7 12,5 Total DAX MDAX TecDAX SDAX No Index DIRK Trend Indicator, Spring

27 Current sell-side analyst coverage in Germany - Industries 1,3 10,3 14,3 12,5 11, ,1 19,2 19,2 28,6 14,3 42,9 14,3 28,6 25,0 25,0 44,4 11,1 33,3 33,3 16,7 16,7 16,7 33,3 > No cov. 24,4 42,9 37,5 33,3 16,7 11,5 14,3 Total Financial Software Industrial Technology Chemicals Consumer 16,7 16,7 DIRK Trend Indicator, Spring

28 Investor meetings By country 8 34,6 27,3 26,1 increase 6 remain unchanged 4 56,4 72,7 69,6 decrease 9,0 4,3 DIRK Trend Indicator, Spring

29 Investor meetings in Germany Comparison of surveys from 2009 to ,0 42,4 43,7 35,8 39,6 35,5 32,6 29,9 34,6 increase 6 48,9 remain unchanged 4 53,2 50,7 60,4 57,4 57,9 62,8 61,9 56,4 decrease 24, ,4 5,6 3,8 6,6 8,2 9,0 3,0 4, DIRK Trend Indicator, Spring

30 Investor meetings in Switzerland Comparison of surveys from 2009 to ,1 8 40,0 28,6 38,1 33,3 26,1 increase 6 77,8 remain unchanged ,4 47,6 61,9 69,6 decrease 14,3 11,1 4,0 4,8 4, DIRK Trend Indicator, Spring

31 Investor meetings in Austria Comparison of surveys from 2009 to ,4 39,3 31,3 27,3 57,1 52,6 increase 6 remain unchanged 4 63,6 57,1 62,5 72,7 decrease 42,9 42,1 3,6 6,3 5,3 0, DIRK Trend Indicator, Spring

32 Contacts regarding the study Bernhard Wolf Global Head of Investor Relations, GfK SE Nordwestring Nürnberg Tel Fax Kai Bommer Geschäftsführer DIRK e.v. Reuterweg Frankfurt Tel. +49 (0) Fax +49 (0) DIRK Trend Indicator, Spring