PUBLICIS GROUPE IN 2013, A RECORD YEAR
|
|
- Gwendoline Daniel
- 6 years ago
- Views:
Transcription
1 ANNUAL RESULTS 2013
2 DISCLAIMER This presentation contains forward-looking statements. The use of the words "aim(s)", "expect(s)", "feel(s)", "will", "may", "believe(s)", "anticipate(s)" and similar expressions in this presentation are intended to identify those statements as forward-looking. Forwardlooking statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this presentation. Other than as required by applicable securities laws, Publicis Groupe undertakes no obligation to publish revised forward-looking statements to reflect events or circumstances after the date of this presentation or to reflect the occurrence of unanticipated events. Publicis Groupe urges you to review and consider carefully the various disclosures it has made concerning the factors that may affect its business, including the disclosures made under the caption "Risk Factors" in the 2013 Registration Document filed with the French financial markets authority (AMF). For comparative purposes and in accordance with IFRS, 2012 et 2011 figures have been restated to reflect the implementation of the amendments of IAS 19 2
3 PUBLICIS GROUPE IN 2013, A RECORD YEAR (EUR million) excl. merger costs Revenue 6,953 6, vs 2012*** excl. merger costs Reported: +5.2% Organic: +2.6% Operating margin 1,107 1, % % of revenue 15.9% 16.5% Net income % EPS*!3.54! % Free Cash Flow** % Dividend! % * Diluted EPS ** Free Cash Flow (before change in WCR) *** For comparative purposes and in accordance with IFRS, 2012 figures have been restated to reflect the implementation of the amendments of IAS 19 3
4 2013: STRONG RESULTS Revenue " Reported: +5.2% " Organic: +2.6% " Europe: sluggish " BRIC + MISSAT: setback in Q4: -5.9% 4
5 2013: STRONG RESULTS Digital: " Strategic goal achieved: 38% of revenue (Q4: 40%) " FY Organic Growth: +13.9% (Q4: +20.1%) Revenue " Reported: +5.2% " Organic: +2.6% " Europe: sluggish " BRIC + MISSAT: setback in Q4: -5.9% 5
6 2013: STRONG RESULTS Revenue " Reported: +5.2% " Organic: +2.6% " Europe: sluggish " BRIC + MISSAT: setback in Q4: -5.9% Digital " Strategic goal achieved: 38% of revenue (Q4: 40%) " FY Organic Growth: +13.9% (Q4: +20.1%) Significant Operating Margin Improvement " +40bp " 16.5% 6
7 2013: STRONG RESULTS Double Digit Increases " Net Income: +11.5% Revenue " Reported: +5.2% " Organic: +2.6% " Europe: sluggish " BRIC + MISSAT: setback in Q4: -5.9% Digital " Strategic goal achieved: 38% of revenue (Q4: 40%) " FY Organic Growth: +13.9% (Q4: +20.1%) Significant Operating Margin improvement " +40bp " 16.5% " Headline diluted EPS: +10.6% " Dividend: +22.2% " Free Cash Flow: +19% 7
8 2013: A RECORD YEAR 8
9 PUBLICIS GROUPE IN 2013 " Strategic goal achieved in digital: " A new year of double digit growth: FY 13.9% " 38% of Group Revenue in digital: 40% in Q4 " Significant margin improvement: " +40bp despite low organic growth " On track on our plans " Double Digit Increases: " Net Income: +11.5% " Headline diluted EPS: +10.6% " Free Cash Flow: +19% Strong results despite challenging macro economic context 9
10 PUBLICIS GROUPE NEW BUSINESS Net New Business 2013 USD 4.5 billion 10
11 FINANCIAL RESULTS
12 REVENUE 2013 BY GEOGRAPHY (EUR million) Var vs Organic Growth Europe (*) 2,060 1, % -1.6% North America 3,303 3, % +4.7% BRIC + MISSAT (**) % +1.0% RoW % +6.8% Total 6,953 6, % +2.6% * Europe excluding Russia and Turkey ** MISSAT includes Mexico, Indonesia, Singapore, South Africa, Turkey 12
13 GROWTH BY COUNTRY Organic Growth 2013 > 5 % From 0 to 5% < 0% Argentina, Australia, Chile, Colombia, New Zealand, Philippines, Thailand, Turkey, USA Brazil, Canada, Greater China, Czech Republic, Germany, Japan, Mexico, Poland, Russia, Singapore, UK India, Israel, South Africa, Most of other European countries 13
14 REVENUE Q BY GEOGRAPHY (EUR million) Q Q Q vs. Q Q4 Organic Growth Europe (*) % +0.1% North America % +2.4% BRIC + MISSAT (**) % -5.9% RoW % +4.8% Total 1,927 1, % +0.7% * Europe excluding Russia and Turkey ** MISSAT includes Mexico, Indonesia, Singapore, South Africa, Turkey 14
15 REVENUE IN MILLION USD Q4 2,460 2,559 FY 9,232 8, % 15
16 DIGITAL % of Group revenue EUR Million % 2, % 2,174 Organic Growth +13.9% 16
17 FAST GROWING MARKETS % of Group revenue EUR Million %* 1, % 1,689 Organic Growth +3.3% * LBi acquisition: geographic footprint mainly in mature markets 17
18 ORGANIC GROWTH BY REGION AND ACTIVITY EUROPE * NORTH AMERICA BRIC + MISSAT ** ROW TOTAL DIGITAL +10.0% +13.1% +20.1% +38.9% +13.9% ANALOG -5.2% -3.1% -1.5% +1.5% -2.9% Total -1.6% +4.7% +1.0% +6.8% +2.6% * Europe excluding Russia and Turkey ** MISSAT includes Mexico, Indonesia, Singapore, South Africa, Turkey 18
19 CONSOLIDATED INCOME STATEMENT (EUR million) 2013 Excl. Merger costs ** 2012* Revenue 6,953 6,610!"#$%&'(%)%&'* +5.2% EBITDA (1) 1,265 1,188 Operating margin 1,145 1,062 +7,8% as % of revenue 16.5% 16.1% Amortization of intangibles arising on acquisitions (49) (45) Impairment (4) (11) Non current income (expense)*** Operating income 1,161 1,045 Net financial costs (21) (32) Income taxes (312) (279) Associates 5 25 Minority interests (17) (27) Group net income % (1) EBITDA: operating margin before depreciation and amortization!"#$%&#'()$)*+,-%(.$(#/-/%)01%+0%)&&#$1)0&-%2+*3%4"567%89:8%;+<.$-/%3),-%=--0%$-/*)*-1%*#%$-;>-&*%*3-%+'(>-'-0*)*+#0%#;%*3-%)'-01'-0*/%#;%4?6%:@!!""#$%&'(&(")'*+,,&-")'"*.''&*/).'"0)/1"2+34)*)(5"%,.%.(&-"6&,7&,"0)/1"86')*.6"19:&"3&&'"&$*4+-&-";,.6"/1&(&"96.+'/("a<$#//%)'#.0*bcd'<7%*)e%-;;-&*b%:f'<7%0-*% 8F'<G 19!!!%40&>.1+0<%FH'< <)+0%#0%1+/(#/)>%#;%4IJ%/3)$-/%+089:C
20 OPERATING MARGIN (EUR million) * excl. Merger costs ** Revenue 6,953 6,610 Personnel costs (4,330) (4,078) Other operating expenses** (1,358) (1,344) Depreciation (120) (126) Operating margin 1,145 1, % 16.1% #*3-$%#(-$)*+0<%-E(-0/-/GL 20
21 2013: CHANGE IN OPERATING MARGIN RATE +40bp +40bp +30bp 16.8% 30bp 16.5% 16.1% -20bp 15.9% -20bp 2012 OI% as reported IAS19 and FX impact* 2012 OI% Dec 13 Fx* Personnel costs Clients one-off SSC optimisation & Occupancy costs Other savings on G&A 2013 OI% excl. Merger costs and 2013 acquisitions 2013 acquisitions 2013 OI% excl. Merger costs * For comparative purposes and in accordance with IFRS, 2012 figures have been restated to reflect the implementation of the amendments of IAS 19 21
22 NET FINANCIAL COSTS (EUR million) * Eurobond 2012 and 2015!"# (4) (6) Oceane 2014!$# - (22) Oceane 2018!%# (3) (3) Oranes (2) (2) Interest on bank debt (19) (19) Financial charges on bonds and bank debt (a) (28) (52) Interest income on cash and cash equivalents (b) Total (a) + (b) (8) (28) Financial income linked to the extinction of the Eurobond 2012 debt (non cash) - 17 Other financial expenses &!'#( (13) (21) Net financial costs (21) (32)!"#$%&'(%)%&'* (4) 20 (17) 8 11 (1) Eurobond 2012: fully reimbursed in January 2012; Eurobond 2015 : fixed rate of 4,25% following the SWAP unwinding in January 2013, whose impact is an income of 5m! in (2) Oceane 2014: fully converted in July 2012; (3) Oceane 2018: 78,7% of the existing bonds converted on 10 th December At the end of January 2014, 100% of the bonds have been either converted or reimbursed. (4) Includes: Interest on finance lease, Earn Out Revaluation, Interest on discounted Earn Out Debt, foreign exchange gain/(loss), provision on financial assets, dividends outside the Group and interest on long term provisions. 22 * In application of IAS 19 revised, 2012 figures have been restated with a (6)m! impact on line Other financial expenses.
23 EFFECTIVE TAX RATE 2013 (+M) % 2012 (+M) % Income taxes % 279 & 28.8% * For comparative purposes and in accordance with IFRS, 2012 figures have been restated to reflect the implementation of the amendments of IAS 19 23
24 EARNINGS PER SHARE +9.0%** ** (EUR) +10.6% Diluted EPS Headline diluted EPS* * After elimination of impairment charge, amortization on intangibles arising on acquisition, main capital / remeasurement gains (losses), earn out revaluation and merger costs ** Excluding merger costs For comparative purposes and in accordance with IFRS, 2011 and 2012 figures have been restated to reflect the implementation of the amendments of IAS 19 24
25 BALANCE SHEET AT 31 DECEMBER 2013 (EUR million) * Goodwill and intangibles 7,062 6,649 Other fixed assets Current and deferred tax (131) (91) Working capital (2,547) (2,259) TOTAL 5,046 5,070 Group equity 5,094 4,614 Minority interests Equity 5,132 4,658 Provisions for risk & charges Net (cash) debt (593) (218) TOTAL 5,046 5,070 Net Debt/Equity Ratio cash positive cash positive * For comparative purposes and in accordance with IFRS, 2012 figures have been restated to reflect the implementation of the amendments of IAS 19 25
26 BALANCE SHEET SIMPLIFICATION " ORANE holders unanimously agreed in October 2013: " Publicis Omnicom merger " Mandatory early redemption of ORANES in exchange of Publicis shares at completion of the merger " 2014 current coupon " OCEANE 2018: Early Redemption in December 2013 " 79% of the existing bonds were converted into shares, leading to a decrease in financial debt of 100 million euros " Remaining bonds fully converted and/or reimbursed in cash in January 2014, through exercise of the issuer call option " Exercise of the Warrants (BSA) " At the end of 2013, 2,757,571 warrants had been exercised at a price of 30.5 euros (84 million euros have been cashed in, representing the cash proceed of capital increase) " 2,845,128 warrants remain exercisable as of 31 December
27 NET DEBT Average Net Debt in!m Net Debt in!m (December 31) Cash Cash (110) (465) (628) (490)
28 FREE CASH FLOW (EUR million) * 2011* EBITDA (1) 1,227 1,188 1,032 Interests paid (11) (37) (51) Tax paid (244) (306) (212) Other items Cash flows from operations before change in WCR 1, Investments (Capex), net of proceeds (123) (120) (112) Free Cash Flow before change in WCR % (1) EBITDA: operating margin before depreciation and amortization (2) Acquisition of tangible and intangible fixed assets net, excluding the purchase of investments and other financial assets net * For comparative purposes and in accordance with IFRS, 2012 & 2011 figures have been restated to reflect the implementation of the amendments of IAS 19 28
29 USE OF CASH (EUR million) * 2011* Free Cash Flow before change in WCR Change in WCR Acquisitions (net of disposals) (488) (454) (599) Earn-out (190) (45) (87) Buy-out (97) (30) (12) Dividends paid (130) (150) (143) Share buy-back (182) (644) - Sales of Treasury shares due to exercise of stock options Exercise of warrants Non-cash impact on Net Debt (203) Variation of Net Debt (216) * For comparative purposes and in accordance with IFRS, 2012 & 2011 figures have been restated to reflect the implementation of the amendments of IAS 19 29
30 FINANCIAL RATIOS * Optimum Ratio Average Net Debt / EBITDA (1) < 1.50 #$%&'$(%&)&*+,-$+./0$-12&3456%7 cash positive cash positive < 0.50 Interest Cover (EBITDA (1) / Cost of Net Financial Debt) > 7 (1) EBITDA: Earnings (operating margin) before depreciation and amortization * For comparative purposes and in accordance with IFRS, 2012 figures have been restated to reflect the implementation of the amendments of IAS 19 30
31 DIVIDEND EUR per share Dividend: +22.2% in 2013 Option: cash or shares 31
32 DIVIDEND 30.2 Pay-out ratio (%) Pay-out Mid Term Objective: 35% For comparative purposes and in accordance with IFRS, 2012 & 2011 figures have been restated to reflect the implementation of the amendments of IAS 19 32
33 LIQUIDITY AT 31 DECEMBER 2013 (EUR million) Total Drawn Available Committed Facilities 364-day revolving credit facilities year revolving credit facility* year syndicated facility (Club Deal) - maturing July 2016** 1,200-1,200 Total Committed Facilities 1,909-1,909 Cash and Marketable Securities 1,442-1,442 Total liquidity 3,351-3,351 Group other uncommitted facilities * 400m! maturing 2018, 54m! maturing 2017, 50m! maturing 2014 ** Maturing
34 RETURN ON CAPITAL EMPLOYED * 12.6% Average ROCE = Operating Income after Tax (using ETR) / Average capital employed Capital employed including Saatchi & Saatchi goodwill not recognized in IFRS consolidated financial statements * Excluding merger costs (ROCE including merger costs: 13.1%) 34
35 MERGER UPDATE
36 MERGER UPDATE " Anti-trust: " Clearance obtained in US, Europe and 12 countries around the world (without conditions) " Merger still under review in China " Other key regulatory authorizations to be obtained before closing " S4 to be filed (SEC) " European prospectus to be submitted to the AFM " Planning and preparing the integration " 36
37 OUTLOOK
38 ZO AD SPEND FORECAST 2014 Forecast* as of December 2013 Worldwide (Media) +5.3% United States +4.7% Japan +2.2% Eurozone including +0.7% Germany +1.5% France +0.3% Italy -2.9% Spain +1.8% United Kingdom +6.2% China +10.5% Brazil +5.0% * ZenithOptimedia Major Media Ad Forecasts for 2014 current prices (%) Ad Agencies Revenue Growth Estimate,%($-. 38
39 2018 OBJECTIVES STAND-ALONE 1/2 Publicis Groupe activities weight Digital 33% 38.4% 50% Fast Growing Markets 25% 24.4% 35% Revenue in growing segments: ON TARGET Overlap 3% 4.1% 10% Revenue in digital / FGM 55% 58.7% 75% 39
40 2018 OBJECTIVES STAND-ALONE 2/2 18% - 20% 16,5% Operating Margin: ON TARGET
41 OBJECTIVES 2014 SUCCESSFULLY COMPLETE THE PUBLICIS - OMNICOM MERGER ACCELERATE INTERNAL 2018 PLAN AS STAND ALONE 41
42 Q&A
43 ANNUAL RESULTS 2013
44 APPENDIX
45 REVENUE BY ACTIVITY Media SAMS 16% 19% in % 18% in % 33% in 2012 Digital 30% 30% in 2012 Advertising 45
46 REVENUE BY SECTOR % 6% 4% 4% FMGC 33% TMT Healthcare Automotive 11% 5% 4% 5% 34% Finance 13% Leisure/Energy/luxury 13% Retail 13% 16% Others 12% 16% Based on 1,899 clients representing 83% of Group revenue 46
47 SPLIT OF REVENUE BY SECTOR " Digital vs. Analog 26% 54% 41% 40% 38% 60% 45% 74% 46% 59% 60% 62% 40% 55% FMCG TMT Automotive Retail Healthcare Finance Leisure/Energy/Luxury Analog Based on 1,899 clients representing 83% of Group revenue Digital 47
48 REVENUE & ORGANIC GROWTH " Calculation (EUR million) Dec. YTD Q4 Sep. YTD 2012 Revenue 6,610 1,899 4,711 Currency impact (237) (89) (148) 2012 Revenue at 2013 exchange rate (a) 6,373 1,810 4, Revenue before impact of acquisitions (1) (b) 6,538 1,823 4,715 Revenue from acquisitions (1) Currency impact (EUR million) (EUR million) Dec. YTD Q4 Sep. YTD GBP (21) (5) (16) USD (98) (36) (62) Other (118) (48) (70) Total (237) (89) (148) 2013 Revenue 6,953 1,927 5,026 Organic growth (b/a) +2.6% +0.7% +3.3% (1)Acquisitions (Webformance Saint Brieuc, Indigo, Flip, King Harvests, UBS, Pixelpark, Longtuo, BBR, BBH, Neogama, CNC, Webformance Bordeaux, AR Media, Arachnid, Resultrix, Webformance Spain, Diplomatic Cover, Grita, Istrat, Outside Line, Bromley, Monterosa, Rokkan, LBI, Blue Parrot, Market Gate, Taterka, Convonix, Netalk, Neev, BosZ, Espalhe, Engauge, Poke, TPM, ZO Romania, Jana, Interactive Solutions, ETO, Heartbeat, Verilogue, Synergize, Walker Media, Beehive, Prima, ZO South Africa, Lighthouse, Polarix, Owen Kessel)net of disposals 2013: 1 EUR = USD 2012: 1 EUR = USD 1 EUR = GBP 1 EUR = GBP 48
49 REVENUE BY GEOGRAPHY IN USD (USD million) FY 2013 FY 2012 Var. 2013/2012 Europe (*) 2,735 2, % North America 4,386 4, % BRIC + MISSAT (**) 1,219 1, % RoW % Total 9,232 8, % * Europe excluding Russia and Turkey ** MISSAT includes Mexico, Indonesia, Singapore, South Africa, Turkey All entities translated into US dollars using the following average exchange rates: 2013: 1 EUR = USD 2012: 1 EUR = USD 49
50 GROSS DEBT AT 31 DECEMBER 2013 " Split by MATURITY (EUR million) Total onwards Oceane 2018* Eurobond Oranes Earn out / Buy out Other debt** Total gross debt No covenants * Fully reimbursed in January 2014 ** Including fair value of associated derivatives 50
51 GROSS DEBT AT 31 DECEMBER 2013 " Split by CURRENCY (EUR million) Total EURO USD GBP Others Oceane Eurobond Oranes Earn out / Buy out Other debt* Total gross debt Cash & marketable securities** (1,442) (1,260) 414 (37) (559) Net debt (cash) (593) (836) (325) &()*+,-./*0(12/3(42,-56(71(2667+/285.(.53/428/456 &&(91853(5115+8(71(+-335*+:(6;2<6 51
52 NET DEBT AT 31 DECEMBER 2013 " Split by RATE (EUR million) Total Earn-out / Buy-out Fixed rate Variable rate Oceane Eurobond Oranes Other debt* !"#$%&'(")) *+,# +-.%/*01' +$(1 "/#2,/3 "/# Earn out / Buy out Cash & marketable securities (1,442) - - (1,442) Net debt (cash) (593) (1,352) &()*+,-./*0(12/3(42,-56(71(2667+/285.(.53/428/456 52
53 CONSOLIDATED INCOME STATEMENT (EUR million) 2013 Excl. Merger costs Merger Costs * Revenue 6,953 6,953 6,610 EBITDA (1) 1,265 (38) 1,227 1,188 Operating margin 1,145 (38) 1,107 1,062 Amortization of intangibles arising on acquisitions (49) (49) (45) Impairment (4) (4) (11) Non current income (expense) Operating income 1,161 (38) 1,123 1,045 Net financial costs (21) (21) (32) Income taxes (312) 14 (298) (279) Associates Minority interests (17) (17) (27) Group net income 816 (24) * For comparative purposes and in accordance with IFRS, 2012 figures have been restated to reflect the implementation of the amendments of IAS 19 53
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
55 SAFE HARBOR STATEMENT 708"#.%+. 9&&*.*"+%5 7+4"#0%.*"+ :*55 ;/ J%&/ 9N%*5%;5/ *+ %+ 9!J 988#"N/& G#"18/6.O1 76D1#,#$ A4(#,+4 B&+6%.#11 4*2' %6D1#,1F *8*#1*D1' * %&+$%',)6$C *%%&+8'/ DF )"' _6)," -#(*(,#*1 4*&2')$ &'361*)+& 59)#,")#(3 <6)+&#)'#) H#(*(,#`1' U*&2)'( +&!ACB&@%.#)" &'$%',) )+ )"' #$$6*(,' +- ('. $"*&'$ *$ * &'$61) +- )"' %&+%+$'/ )&*($*,)#+($ *(/ )"'#& */4#$$#+( )+ )&*/#(3 +( * &'361*)'/ 4*&2') #( )"' S6&+%'*( a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a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a9 9',6&#)#'$ *(/ SG,"*(3' Q+44#$$#+(b$ &61'$ &'1*)#(3 )+,+446(#,*)#+($ *%%1#,*D1' )+ D6$#('$$,+4D#(*)#+( )&*($*,)#+($E Y(8'$)+&$ $"+61/ (+) %1*,' 6(/6' &'1#*(,' +( )"'$' 4'*$6&'$ *(/ $"+61/,*&'-611F &'8#'. )"' &#$2$ *(/ 6(,'&)*#()#'$ /'$,&#D'/ #( )"',*6)#+(*&F $)*)'4'() &'1*)#(3 )+ ch+&.*&/0:++2#(3 9)*)'4'()$c,+()*#('/ "'&'#(E 55
This presentation contains forward-looking statements. The use of the words "aim(s)," "expect(s)," "feel(s)," "will," "may," "believe(s),"
This presentation contains forward-looking statements. The use of the words "aim(s)," "expect(s)," "feel(s)," "will," "may," "believe(s)," "anticipate(s)" and similar expressions in this presentation are
More information2012 HALF YEAR RESULTS
2012 HALF YEAR RESULTS DISCLAIMER This presentation contains forward-looking statements. The use of the words "aim(s)," "expect(s)," "feel(s)," "will," "may," "believe(s)," "anticipate(s)" and similar
More informationCONTEXT. Headwinds on economies 2012 GDP growth forecast lowered to +3.3% by the IMF. Impacts on the sector. Growth deceleration USA ROW
2012 Q3 RESULTS DISCLAIMER This presentation contains forward-looking statements. The use of the words "aim(s)," "expect(s)," "feel(s)," "will," "may," "believe(s)," "anticipate(s)" and similar expressions
More information2010 Annual Results. February 10, 2011
2010 Annual Results February 10, 2011 Disclaimer This presentation contains forward-looking statements. The use of the words "aim(s)," "expect(s)," "feel(s)," "will," "may," "believe(s)," "anticipate(s)"
More information1st Quarter Revenue. April 22, 2010
1st Quarter Revenue April 22, 2010 Disclaimer This presentation contains forward looking statements. The use of the words "aim(s)," "expect(s)," "feel(s)," "will," "may," "believe(s)," "anticipate(s)"
More informationQ REVENUE April 21, 2015
Q1 2015 REVENUE April 21, 2015 DISCLAIMER This presentation contains forward-looking statements. The use of the words "aim(s)," "expect(s)," "feel(s)," "will," "may," "believe(s)," "anticipate(s)" and
More information1st Half 2010 Results. July 29, 2010
Results July 29, 2010 1 Disclaimer This presentation contains forward-looking statements. The use of the words "aim(s)," "expect(s)," "feel(s)," "will," "may," "believe(s)," "anticipate(s)" and similar
More information3 rd Quarter Revenue. October 20, 2011
3 rd Quarter Revenue October 20, 2011 DISCLAIMER This presentation contains forward-looking statements. The use of the words "aim(s)," "expect(s)," "feel(s)," "will," "may," "believe(s)," "anticipate(s)"
More informationTHIRD QUARTER 2017 OCTOBER 2017
THIRD QUARTER 2017 OCTOBER 2017 DISCLAIMER Certain information contained in this document, other than historical information, may constitute forward-looking statements or unaudited financial forecasts.
More informationTHIRD QUARTER 2016 REVENUE. 20 October 2016
THIRD QUARTER 2016 REVENUE DISCLAIMER Certain information contained in this document, other than historical information, may constitute forward-looking statements or unaudited financial forecasts. These
More informationQ3 REVENUE October 22, 2015
Q3 REVENUE 2015 October 22, 2015 DISCLAIMER This presentation contains forward-looking statements. The use of the words "aim(s)," "expect(s)," "feel(s)," "will," "may," "believe(s)," "anticipate(s)" and
More informationTHIRD QUARTER OCTOBER 2018
THIRD QUARTER 2018 18 OCTOBER 2018 DISCLAIMER Certain information contained in this document, other than historical information, may constitute forward-looking statements or unaudited financial forecasts.
More informationPress Release April 17, 2014
Press Release April 17, 2014 PUBLICIS GROUPE Q1 2014 Revenue 1 st Quarter 2014 2014 2013 1,597 1,563 Organic Growth +3.3% Revenue increase vs. 2013: +2.2% Forex Impact: - 4.2% At constant exchange rate:
More information2011 Ad spend forecasts dropped throughout the year
2011 ANNUAL RESULTS DISCLAIMER This presentation contains forward-looking statements. The use of the words "aim(s)," "expect(s)," "feel(s)," "will," "may," "believe(s)," "anticipate(s)" and similar expressions
More informationFULL YEAR 2016 RESULTS. 9 February 2017
FULL YEAR 2016 RESULTS 9 February 2017 2 DISCLAIMER Certain information contained in this document, other than historical information, may constitute forward-looking statements or unaudited financial forecasts.
More informationFULL YEAR 2018 RESULTS 7 FEBRUARY 2019
FULL YEAR RESULTS 7 FEBRUARY 2019 DISCLAIMER Certain information contained in this document, other than historical information, may constitute forward-looking statements or unaudited financial forecasts.
More information2017 Full Year Results. Tuesday 21 November 2017
2017 Full Year Results Tuesday 21 November 2017 Disclaimer Certain information included in the following presentation is forward looking and involves risks, assumptions and uncertainties that could cause
More informationHalf-year 2014 results. May 16 th, 2014
Half-year 2014 results May 16 th, 2014 Winter 2014 2 Pragelato-Vialattea, Italia Differences between the final figures and estimated data* *Published on April 28 th, 2014 (in m) S1 12 S1 13 S1 14 estimated
More informationInvestor Presentation Q3 Results. 12 November 2014
Investor Presentation Q3 Results 12 November 2014 1 Forward-looking statements This presentation contains forward-looking statements, including, but not limited to, the statements and expectations contained
More informationThird Quarter Earnings Release. October 25, 2017
Third Quarter 2017 Earnings Release October 25, 2017 Forward looking statements We are making some forward looking statements today that use words like outlook or target or similar predictive words. Such
More informationFirst Quarter Earnings Release April 25, 2018
First Quarter 2018 Earnings Release April 25, 2018 Forward looking statements We are making some forward looking statements today that use words like outlook or target or similar predictive words. Such
More information2010 Results. Paris - March 2, 2011
2010 Results Paris - March 2, 2011 > Highlights of 2010 > Financial results > Strategy and outlook 2010 Results 2 2010: A Year of Acceleration Highlights of 2010 Revenue of 3,892m, up 19.1% Operating profit
More informationFirst Quarter Earnings Release. April 22, 2015
First Quarter 2015 Earnings Release April 22, 2015 Forward Looking Statements We are making some forward looking statements today that use words like outlook or target or similar predictive words. Such
More information2018 Full Year Results 20 November 2018
2018 Full Year Results 20 November 2018 Disclaimer Certain information included in the following presentation is forward looking and involves risks, assumptions and uncertainties that could cause actual
More informationAEGIS GROUP PLC 2008 ANNUAL RESULTS. 19 March 2009
AEGIS GROUP PLC 2008 ANNUAL RESULTS 19 March 2009 AGENDA OVERVIEW OF RESULTS John Napier FINANCIAL REVIEW Alicja Lesniak OUTLOOK John Napier Q&A Aegis Group plc Page 2 OVERVIEW OF RESULTS John Napier,
More information2012 FIRST HALF RESULTS. August 31, 2012
August 31, 2012 1 INTRODUCTORY MATTERS Forward-Looking Information This document contains certain forward-looking statements which speak only as of the date on which they are made. Forward-looking statements
More informationInvestor Presentation. December 2015
Investor Presentation December 2015 Disclaimer This presentation contains forward-looking statements that are based on current expectations, forecasts and projections, including (but not limited to) expected
More informationLEGRAND UNAUDITED CONSOLIDATED FINANCIAL INFORMATION MARCH 31, Consolidated key figures 2 Consolidated statement of income 3
LEGRAND UNAUDITED CONSOLIDATED FINANCIAL INFORMATION MARCH 31, 2018 Consolidated key figures 2 Consolidated statement of income 3 Consolidated balance sheet 4 Consolidated statement of cash flows 6 Notes
More informationThird Quarter 2017 Results Jan Jenisch, CEO Ron Wirahadiraksa, CFO. October 27, 2017 LafargeHolcim Ltd 2015
Third Quarter 2017 Results Jan Jenisch, CEO Ron Wirahadiraksa, CFO October 27, 2017 LafargeHolcim Ltd 2015 01 Initial views Q3 2017 and Outlook Jan Jenisch, Chief Executive Officer 2017 LafargeHolcim 2
More information1Q 2018 Highlights and Operating Results
1Q 2018 Highlights and Operating Results April 26, 2018 1 Table of Contents Page(s) 4 Announced Agreements to Acquire Australia and New Zealand Security Businesses 5-9 Sales Overview 10-17 Financial Performance
More informationFY2018 First Quarter Results
FY First Quarter Results May 15, * Please be reminded that the figures shown in this presentation may be different from those shown in the financial statements as this presentation has been prepared for
More informationReporting practices for domestic and total debt securities
Last updated: 27 November 2017 Reporting practices for domestic and total debt securities While the BIS debt securities statistics are in principle harmonised with the recommendations in the Handbook on
More informationCompagnie Financière Tradition
Compagnie Financière Tradition H1 2016 results presentation Zurich 1 September 2016 First semester activity in a stabilising market environment Results overview H1 2016 Performance Differentiation in revenue
More informationProsegur 1H 2014 Results
Prosegur 31 st July 2014 20140731ACD INVESTOR RELATIONS 1 Highlights Organic growth Improvement of more than 50% over the same period in 2013 Incremental EBIT improvement Continuing with the trend initiated
More informationRENAULT GROUP CHEUVREUX AUTUMN CONFERENCE. RENAULT GROUP 20th, SEPTEMBER 2012 RENAULT PROPERTY
RENAULT GROUP CHEUVREUX AUTUMN CONFERENCE DISCLAIMER Information contained within this document may contain forward looking statements. Although the Company considers that such information and statements
More informationGlobal Business Barometer April 2008
Global Business Barometer April 2008 The Global Business Barometer is a quarterly business-confidence index, conducted for The Economist by the Economist Intelligence Unit What are your expectations of
More informationFebruary 29 th, FY 2015 Results Presentation
February 29 th, 2016 FY 2015 Results Presentation 1 GROWTH Excellent results in Spain and Argentina Positive organic growth in Brazil Sales growth of 4.7% including FX rate LatAm organic growth above 12%
More informationThomas Buberl Group CEO, AXA. Bank of America Merrill Lynch Conference London September 27, 2018
Thomas Buberl Group CEO, AXA Bank of America Merrill Lynch Conference London September 27, 2018 IMPORTANT LEGAL INFORMATION AND CAUTIONARY STATEMENTS CONCERNING FORWARD-LOOKING STATEMENTS Certain statements
More informationFourth Quarter Earnings Release. February 1, 2017
Fourth Quarter 2016 Earnings Release February 1, 2017 Forward looking statements We are making some forward looking statements today that use words like outlook or target or similar predictive words. Such
More informationFY2018 Third Quarter Results
FY Third Quarter Results Yushin Soga Director and Executive Officer November 14, * Please be reminded that the figures shown in this presentation may be different from those shown in the financial statements
More informationRockwell Automation. Fiscal Year 2018 Second Quarter Conference Call. April 25, Copyright 2018 Rockwell Automation, Inc. All rights reserved.
Rockwell Automation Fiscal Year 2018 Second Quarter Conference Call April 25, 2018 Copyright 2018 Rockwell Automation, Inc. All rights reserved. Copyright 2018 Rockwell Automation, Inc. All rights reserved.
More informationH FINANCIAL RESULTS. Milan September 18 th, 2018
H1 2018 FINANCIAL RESULTS Milan September 18 th, 2018 1 AGENDA H1 2018 Highlights o o o Group overview Results by business Outlook Financial results Appendix 2 H1 2018 Financial Highlights Organic sales
More information4Q 2018 Highlights and Operating Results. Products. Technology. Services. Delivered Globally.
4Q 2018 Highlights and Operating Results Products. Technology. Services. Delivered Globally. Table of Contents Page 3 Safe Harbor Statement and Non-GAAP Financial Measures 4 Sales Overview 9 Overview of
More informationRisks and Opportunities in Global Equities Today BCI Global Investment Conference Tom Mann, CFA Senior Portfolio Manager
Risks and Opportunities in Global Equities Today BCI Global Investment Conference Tom Mann, CFA Senior Portfolio Manager June 2017 For professional investors only. Not suitable for retail clients 05/06/2017
More informationCorrigendum. OECD Pensions Outlook 2012 DOI: ISBN (print) ISBN (PDF) OECD 2012
OECD Pensions Outlook 2012 DOI: http://dx.doi.org/9789264169401-en ISBN 978-92-64-16939-5 (print) ISBN 978-92-64-16940-1 (PDF) OECD 2012 Corrigendum Page 21: Figure 1.1. Average annual real net investment
More informationFinancial wealth of private households worldwide
Economic Research Financial wealth of private households worldwide Munich, October 217 Recovery in turbulent times Assets and liabilities of private households worldwide in EUR trillion and annualrate
More informationSTOXX EMERGING MARKETS INDICES. UNDERSTANDA RULES-BA EMERGING MARK TRANSPARENT SIMPLE
STOXX Limited STOXX EMERGING MARKETS INDICES. EMERGING MARK RULES-BA TRANSPARENT UNDERSTANDA SIMPLE MARKET CLASSIF INTRODUCTION. Many investors are seeking to embrace emerging market investments, because
More informationJuly 26, 2017 LafargeHolcim Ltd 2015
Second Quarter 2017 Results Beat Hess, Chairman and Interim CEO Roland Köhler, Interim COO and Regional Head of Europe, Australia/NZ & Trading Ron Wirahadiraksa, CFO July 26, 2017 LafargeHolcim Ltd 2015
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 information2004 Earnings. Analyst Meeting Paris, March 9, 2005
2004 Earnings Analyst Meeting Paris, March 9, 2005 Publicis Groupe 2004 Summary 1 2004 Summary All Indicators Head Up +4% +6.7% 3,825 Organic growth 590 +13% at constant currencies ( millions) ( millions)
More informationFiscal Year 2016 Fourth Quarter Conference Call
Fiscal Year 2016 Fourth Quarter Conference Call November 7, 2016 2 Safe Harbor Statement This presentation includes statements related to the expected future results of the company and are therefore forward-looking
More informationDebt Investors Call. February 7 th, 2018
Debt Investors Call February 7 th, 2018 Scott Smith Investor Relations 2 Safe Harbor Statement Any statements contained in this document that are not historical facts are forward-looking statements as
More informationQuarterly Investment Update First Quarter 2017
Quarterly Investment Update First Quarter 2017 Market Update: A Quarter in Review March 31, 2017 CANADIAN STOCKS INTERNATIONAL STOCKS Large Cap Small Cap Growth Value Large Cap Small Cap Growth Value Emerging
More informationH Financial Results
Milan August 1 st, 2013 1 AGENDA H1 2013 Highlights & FY 2013 Outlook Financial Results Appendix 2 H1 2013 Key Financials Euro Millions, % on Sales Sales Adjusted EBITDA (3) Adjusted EBIT (4) -1.8% * 7,973
More informationOverview of Transfer Pricing Regulations. CA Akshay Kenkre
Overview of Transfer Pricing Regulations CA Akshay Kenkre 1 What is Transfer Pricing What is Transfer Price? A Price at which one person transfers physical goods, services, tangible or/ and intangibles
More informationSummary of key findings
1 VAT/GST treatment of cross-border services: 2017 survey Supplies of e-services to consumers (B2C) (see footnote 1) Supplies of e-services to businesses (B2B) 1(a). Is a non-resident 1(b). If there is
More informationCBRE GROUP, INC. REPORTS DOUBLE-DIGIT SECOND-QUARTER 2018 REVENUE AND EARNINGS GROWTH AND INCREASES FULL-YEAR OUTLOOK
PRESS RELEASE Corporate Headquarters 400 South Hope Street 25 th Floor Los Angeles, CA 90071 www.cbre.com FOR IMMEDIATE RELEASE For further information: Brad Burke Steve Iaco Investor Relations Media Relations
More informationFOREIGN ACTIVITY REPORT
FOREIGN ACTIVITY REPORT SECOND QUARTER 2012 TABLE OF CONTENTS Table of Contents... i All Securities Transactions... 2 Highlights... 2 U.S. Transactions in Foreign Securities... 2 Foreign Transactions in
More informationWorldline H Results Worldline. Presentation to Investors September 2018
Presentation to Investors September 2018 Disclaimer This document contains forward-looking statements that involve risks and uncertainties, including references, concerning the Group's expected growth
More informationSummary of Consolidated Financial Statements for Second Quarter of Fiscal Year Ending March 31, 2019(Japan GAAP)
Summary of Consolidated Financial Statements for Second Quarter of Fiscal Year Ending March 31, 2019(Japan GAAP) November 9, 2018 Listed Exchanges: TSE Name of Listed Company: Ishihara Sangyo Kaisha, Ltd.
More informationFY 2017 FINANCIAL RESULTS. Milan February 27 th, 2018
FY 2017 FINANCIAL RESULTS Milan February 27 th, 2018 1 AGENDA FY 2017 Highlights o o Group overview Results by business Financial results Appendix 2 Key Achievements of 2017 General Cable Acquisition Leadership
More informationSummary of Consolidated Financial Statements for Second Quarter of Fiscal Year Ending March 31, 2018(Japan GAAP)
Summary of Consolidated Financial Statements for Second Quarter of Fiscal Year Ending March 31, 2018(Japan GAAP) November 10, 2017 Listed Exchanges: TSE Name of Listed Company: Ishihara Sangyo Kaisha,
More informationHALF YEAR FINANCIAL REPORT (FOR THE SIX MONTHS ENDED ON JUNE 30, 2013)
HALF YEAR FINANCIAL REPORT (FOR THE SIX MONTHS ENDED ON JUNE 30, 013) Summary Message from Chairman & CEO of Publicis Groupe 1 1 3 4 INTERIM MANAGEMENT REPORT 3 CONDENSED CONSOLIDATED INTERIM FINANCIAL
More informationStrong increase in business performance and results in the first half of 2014
Press release Paris, July 30, 2014 Strong increase in business performance and results in the first half of 2014 - Revenue of 703 million o up 20 percent on a comparable basis 1 o up 7 percent on a reported
More informationFY2016 RESULTS. 1 February 2016 to 31 January Inditex continues to roll out its global, fully integrated store and online model.
FY2016 RESULTS 1 February 2016 to 31 January 2017 Inditex continues to roll out its global, fully integrated store and online model. Strong operating performance: Net sales for FY2016 reached 23.3 billion,
More informationAXA HALF YEAR 2016 EARNINGS. Presentation. August 3, 2016
AXA HALF YEAR 2016 EARNINGS Presentation August 3, 2016 Certain statements contained herein are forward-looking statements including, but not limited to, statements that are predictions of or indicate
More information3Q 2018 Highlights and Operating Results. Products. Technology. Services. Delivered Globally.
3Q 2018 Highlights and Operating Results Products. Technology. Services. Delivered Globally. Table of Contents Page 3 Safe Harbor Statement and Non-GAAP Financial Measures 4 Sales Overview 9 Overview of
More information2Q 2017 Highlights and Operating Results
2Q 2017 Highlights and Operating Results July 25, 2017 1 2Q 2017 Highlights and Operating Results Table of Contents Page(s) 1 Sales Overview and Highlights 4-5 2 NSS Overview 6-7 3 EES Overview 8-9 4 UPS
More informationH Financial Results. Milan July 28th, 2016
H1 2016 Financial Results Milan July 28th, 2016 Agenda H1 2016 Highlights o o o Group overview Results by business Outlook Financial results Appendix H1 2016 Financial Results 2 H1 2016 Highlights Organic
More informationInvestor Presentation Q Results. 8 November 2017
Investor Presentation Q3 2017 Results 8 November 2017 Forward-looking statements This presentation contains forward-looking statements, including, but not limited to, the statements and expectations contained
More information2016 ANNUAL RESULTS FEBRUARY 2017
2016 ANNUAL RESULTS INTRODUCTION: FRANK VAN ZANTEN CHIEF EXECUTIVE HIGHLIGHTS CONSISTENT AND PROVEN STRATEGY GOOD SET OF RESULTS 184m COMMITTED ACQUISITION SPEND ON 14 ACQUISITIONS ADJUSTED EARNINGS PER
More informationHewitt Associates, Inc Robert W. Baird Business Solutions Conference
February 26, 2009 Hewitt Associates, Inc. 2009 Robert W. Baird Business Solutions Conference Forward-Looking Statements and Non-GAAP Financial Measures This presentation contains forward-looking statements
More information2014 Full year results. INVESTOR CALL 26 March 2014
2014 Full year results INVESTOR CALL 26 March 2014 AGENDA DISCLAIMER 2014 FOURTH QUARTER 2014 FULL YEAR CAPITAL STRUCTURE OUTLOOK APPENDIX 2 DISCLAIMER Any information in this presentation that is not
More informationFinancial Results for the Fiscal Year Ended March 31, 2018 [J-GAAP]
Company Name: Stock exchange listed on: Financial Results for the Fiscal Year Ended March 31, 2018 [J-GAAP] Kintetsu World Express, Inc. (KWE) Tokyo Stock Exchange (First Section) May 11, 2018 Company
More informationIn 2015, we moved to a new organizational model:
9M 2016 Results In 2015, we moved to a new organizational model: One Group, Three Businesses Leading the industry development Accelerate growth Increase specialization and efficiency Transforming the sector
More information4 th quarter and annual results 2013
4 th quarter and annual results 2013 a gradual recovery Ben Noteboom, CEO Robert Jan van de Kraats, CFO Jacques van den Broek Randstad Holding nv disclaimer & definitions Certain statements in this document
More informationTravel Insurance and Assistance
Travel Insurance and Assistance Worldwide research covering over 40 countries Series Prospectus Finaccord 1 Prospectus contents Page What is the research? Which countries are covered What methodology has
More informationSan Francisco Retiree Health Care Trust Fund Education Materials on Public Equity
M E K E T A I N V E S T M E N T G R O U P 5796 ARMADA DRIVE SUITE 110 CARLSBAD CA 92008 760 795 3450 fax 760 795 3445 www.meketagroup.com The Global Equity Opportunity Set MSCI All Country World 1 Index
More informationQ3 FY16 FINANCIAL RESULTS CONFERENCE CALL May 10, 2016 at 5:00 pm ET
Q3 FY16 FINANCIAL RESULTS CONFERENCE CALL May 10, 2016 at 5:00 pm ET SAFE HARBOR This presentation may contain certain comments, which are forward-looking statements that involve plans, strategies, economic
More informationAccelerating Performance IN THE HUMAN AGE
Accelerating Performance IN THE HUMAN AGE Second Quarter Results July 20, 2018 FORWARD-LOOKING STATEMENT This presentation contains statements, including financial projections, that are forward-looking
More informationNews Release Tupperware Brands Corp S. Orange Blossom Trail Orlando, FL 32837
News Release Tupperware Brands Corp. 14901 S. Orange Blossom Trail Orlando, FL 32837 Investor Contact: Lien Nguyen (407) 826-4475 Tupperware Brands Reports Second Quarter 2015 Results Second quarter sales
More informationRockwell Automation Fiscal Year 2018 Third Quarter Conference Call
Rockwell Automation Fiscal Year 2018 Third Quarter Conference Call July 25, 2018 Copyright 2018 Rockwell Automation, Inc. All rights reserved. SAFE HARBOR STATEMENT THIS PRESENTATION INCLUDES STATEMENTS
More informationQ Results. Lars Brorsen (CEO) Christoph Hobo (CFO) November 22, 2018
Q3 2018 Results Lars Brorsen (CEO) Christoph Hobo (CFO) November 22, 2018 Agenda 1. Highlights Q3 2018 2. Market outlook 3. Detailed results review 4. Company outlook 5. Q&A Appendix 1 Business summary
More informationHalf Year Earnings Press conference August 2, 2018
Half Year Earnings 2018 Press conference August 2, 2018 IMPORTANT LEGAL INFORMATION AND CAUTIONARY STATEMENTS CONCERNING FORWARD-LOOKING STATEMENTS Certain statements contained herein may be forward-looking
More informationEQUITY REPORTING & WITHHOLDING. Updated May 2016
EQUITY REPORTING & WITHHOLDING Updated May 2016 When you exercise stock options or have RSUs lapse, there may be tax implications in any country in which you worked for P&G during the period from the
More informationFY2017 RESULTS. 1 February 2017 to 31 January Inditex continues to roll out its global, fully integrated store and online platform.
FY2017 RESULTS 1 February 2017 to 31 January 2018 Inditex continues to roll out its global, fully integrated store and online platform. Strong operating performance: Net sales for FY2017 reached 25.3 billion,
More informationNet sales Operating income Ordinary income. Net income per Net income per share Return on equity share after full dilution
Summary of Consolidated Financial Statements for Fiscal Year Ended March 31, 2018 (Japan GAAP) June 2, 2018 Listed Exchanges: TSE Name of Listed Company: Ishihara Sangyo Kaisha, Ltd. Code: 4028 URL http://www.iskweb.co.jp
More informationHorizon Global First Quarter 2016 Earnings Presentation
Horizon Global First Quarter 2016 Earnings Presentation May 3, 2016 1 Safe Harbor Statement Forward-Looking Statements This presentation may contain "forward-looking statements" as defined in the Private
More informationAXA. Henri de Castries. Chairman & CEO. September 18, Sanford C. Bernstein s 11 th Annual Pan- European Strategic Decisions Conference
AXA Henri de Castries Chairman & CEO September 18, 2014 Sanford C. Bernstein s 11 th Annual Pan- European Strategic Decisions Conference Cautionary note concerning forward-looking statements Certain statements
More informationQ3 FY 2015 FINANCIAL RESULTS CONFERENCE CALL April 30, 2015 at 5:00 pm ET
Q3 FY 2015 FINANCIAL RESULTS CONFERENCE CALL April 30, 2015 at 5:00 pm ET SAFE HARBOR This presentation may contain certain comments, which are forward-looking statements that involve plans, strategies,
More information2011 First Quarter Results Jean-Jacques Gauthier
Granulats et Béton - Afrique du Sud, stade Moses Mabhida 2011 First Quarter Results Jean-Jacques Gauthier May 5, 2011 Disclaimer This document may contain forward-looking statements. Such forward-looking
More informationAXA. Gérald Harlin. Group CFO. May 28, Deutsche Bank Global Financial Services Investor Conference 2014
AXA Gérald Harlin Group CFO May 28, 2014 Deutsche Bank Global Financial Services Investor Conference 2014 Cautionary note concerning forward-looking statements Certain statements contained herein may be
More informationPRELIMINARY RESULTS February 2017
PRELIMINARY RESULTS 2016 23 February 2017 Nicandro Durante Chief Executive Important notice This presentation in relation to British American Tobacco p.l.c. ( BAT ) and its subsidiaries (collectively,
More informationWilliam Blair Growth Stock Conference. Eric Dey EVP & CFO
William Blair Growth Stock Conference Eric Dey EVP & CFO June 12, 2018 Safe Harbor Provision This presentation contains forward-looking statements within the meaning of the federal securities laws. Statements
More informationNews Release Tupperware Brands Corp S. Orange Blossom Trail Orlando, FL 32837
News Release Tupperware Brands Corp. 14901 S. Orange Blossom Trail Orlando, FL 32837 Investor Contact: Lien Nguyen (407) 826-4475 Tupperware Brands Reports Fourth Quarter 2015 Results Declares Regular
More informationInternational Statistical Release
International Statistical Release This release and additional tables of international statistics are available on efama s website (www.efama.org). Worldwide Regulated Open-ended Fund Assets and Flows Trends
More informationTravel Insurance and Assistance
Travel Insurance and Assistance Worldwide research covering over 40 countries Series Prospectus Finaccord Web: www.finaccord.com. E-mail: info@finaccord.com 1 Prospectus contents Page What is the research?
More information1.1. STOXX TOTAL MARKET INDICES
STOXX INDEX LIST A-Z 1. TOTAL MARKET INDICES 1/14 1.1. STOXX TOTAL MARKET INDICES Regional indices STOXX BRIC TMI STOXX Developed and Emerging Markets TMI STOXX Developed Markets TMI STOXX Emerging Markets
More informationAXA. Jean-Laurent Granier. Chairman & CEO of AXA Global P&C CEO of the Mediterranean and Latin American Region Member of the Management Committee
AXA Jean-Laurent Granier Chairman & CEO of AXA Global P&C CEO of the Mediterranean and Latin American Region Member of the Management Committee March 27, 2014 Morgan Stanley European Financials Conference
More information2012 Annual Results Stanislas de Bentzmann Co-CEO
2012 Annual Results Stanislas de Bentzmann Co-CEO C O N N E C T I N G B U S I N E S S & T E C H N O L O G Y Disclaimers This presentation contains forward-looking statements that involve risks and uncertainties
More information