The name of the Issuer is TREVI : Finanziaria Industriale S.p.A. and it has been constituted as a joint: stock company.
|
|
- Randell Walker
- 5 years ago
- Views:
Transcription
1 Document prepared on 16 th June
2 CONTENTS 1. ISSUER INFORMATION Name, Place and Registration Number of the Issuer Date the Issuer was constituted and its duration Registered office and legal status of the Issuer, legislation under which it operates, country of incorporation and telephone number of the registered office Corporate Governance THE DEVELOPMENT OF THE BUSINESS OF THE ISSUER GEOGRAPHIC FOOTPRINT BUSINESS OVERVIEW Main businesses of the TREVI Group Services Division Mechanical Engineering Division Special foundations plant and equipment Drilling plant and equipment ORGANISATIONAL STRUCTURE HUMAN RESOURCES SHAREHOLDING STRUCTURE FINANCIAL AND ECONOMIC PERFORMANCE Trend in revenues Net financial position and key financial indicators Financial performance by Division Services Division Mechanical Engineering Division DIVIDEND DISTRIBUTION
3 1. ISSUER INFORMATION 1.1. Name, Place and Registration Number of the Issuer The name of the Issuer is TREVI : Finanziaria Industriale S.p.A. and it has been constituted as a joint: stock company. The Issuer is listed in the Business Register of Forlì Cesena as no Date the Issuer was constituted and its duration The Issuer was constituted on 20 June 1983 by a deed drawn up by the Notary Mr O. Porfiri of Cesena, register no. 153,023, record no. 18,894 Under the Articles of Association the duration of the Company is until 31 December 2099 and may be extended one or more times by the Shareholders Meeting in accordance with enacted law Registered office and legal status of the Issuer, legislation under which it operates, country of incorporation and telephone number of the registered office The Issuer is a joint:stock company operating under Italian legislation. Its registered office is in Cesena, Via Larga 201; telephone number Corporate Governance The Issuer prepares an annual report on corporate governance and the shareholding structure. Complete information (regarding the 2013 financial year) and the current Company Articles of Association are available on the Company website ( 2. THE DEVELOPMENT OF THE BUSINESS OF THE ISSUER The Group activities started in 1957 with the constituton of Impresa Palificazioni Trevisani Geom. Davide operating in special foundations. The Company business was soon characterised by strong technological innovation with traditional engineering combined with the development of manufacturing know:how and innovative equipment design. In 1962, it registered its first patent, which was for an innovative self:propelled drive piling machine; in 1967, the first rotary for digging large diameter sunken piles was designed and patented. It was also during this period that the Group won its first international contract, which was to construct the foundations of the Apapa Road to be built in Lagos, Nigeria. In 1969, the brothers, Davide and Gianluigi Trevisani (the latter had joined the Company in 1962) set up Soilmec S.p.A., a company specialised in designing and manufacturing plant and machinery specifically for underground engineering work. In 1973 Tecnosol S.p.A. was constituted with a registered office in Rome the was a company carrying out geognostic investigation and water exploration that in 1975 it won the contract for the foundation piles of the thermoelectric energy plant at Porto Tolle, near Venice. 3
4 Following its first international contract in Nigeria, the Group began to grow its international presence in 1971 through the constitution of Pilotes Trevi S.A. (Argentina), a sub:contractor active in large underground projects. In 1973 the Group set up Trevi Foundations Nigeria Ltd, which, that same year, won the contract for the foundations of the Third Mainland Bridge in Lagos, Nigeria. Between 1977 and 1980, the Group grew its portfolio of clients both in Italy and abroad: it won contracts for the construction of the Bandar Abbas port in Iran, the commercial port of Gioia Tauro in Italy, and the drilling and grouting for the cut:offs of the Alicura Dam in Argentina and the Khao Laem Dam in Thailand. From 1980 to 1985 the Group increased in size with the constitution of new companies that included Trevi Construction Hong Kong Ltd, a branch office of Trevi Ltd in the Philippines, and Italthai:Trevi Company Ltd in Thailand. In 1983, the name of the Group company in the special foundations services changed its name from Impresa Palificazioni Trevisani Geom. Davide to Trevi S.p.A. At the same time, Soilmec implemented a strategy of acquiring selected brands and companies manufacturing drilling plant for the extraction of oil, gas and water and applied its proprietary hydraulic technology to this area of activity. It was also at this time that the Group won (as part of a consortium) the contract to save and consolidate the Leaning Tower of Pisa in Italy work started on this project in 1994 and took over a decade to complete. In the mid:1990s, the Group s collaboration with Agip offered it the chance to carry out experimental research and development on the design and construction of a new deep water drill for hydrocarbon exploration that was based on the hydraulic technology for special foundations developed by Soilmec and on Agip s know:how in the oil sector. The first plant of this type, the forerunner of the HH range, was manufactured in Piacenza and tested with success in Italy in the second half of the 1990s. Trevi Cimentaciones CA was constituted in Venezuela in 1991 and won several contracts for the Caracas metro. In 1994, the Group carried out the piling work for the Vasco da Gama Bridge in Lisbon, Portugal. In 1997, the Group entered the US market with the acquisition of I.C.O.S. Corp., with a registered office in Boston, and the subsequent constitution of Treviicos Corporation in Boston. In subsequent years, Treviicos Corporation took part in the construction of the Central Artery Tunnel in Boston and was responsible for constructing the majority of the diaphragm walls of the project. On 15 July 1999, the Issuer was listed on the main index of the Milan stock exchange. Following its listing, TREVI Group embarked on a new phase of expansion both through internal growth and through the acquisition of small, quality companies with strategic market positions. In 1999 it extended its sphere of operations enetering the Middle Eastern markets through the acquisition of Swissboring Piling Overseas Corporation, the leading geotechnical and foundations company in the Arabian Gulf and active in the United Arab Emirates, Oman and Qatar. In 1999 the Group took the decision to become a drilling contractor using its HH technology and constituted Petreven, a company specialising in drilling and drilling services for the oil industry. It started operating in Venezuela but has since extended its activities to other South American countries including Argentina, Colombia and Peru. In 2004, the Group acquired the Ing. Giovanni Rodio S.p.A., one of the oldest Italian companies in the geotechnical and foundations sector, which had been active since In the same year Drillmec was constituted by spinning off the business division for the design and manufacture of oil, gas and water 4
5 drilling equipment from Soilmec. In 2008, the TREVI Group acquired Galante S.A. Colombia and, in 2009, Arabian Soil Contractors Ltd. in Saudi Arabia and Watson Inc. in the Unites States of America. More recently, between 2011 and 2013, the Group gradually acquired a majority stake in the Belarusian company OJSC Seismotekhnika to facilitate its entry into a new area, that of the Eastern European oil and gas sector. In 2013, the Group acquired Foundation Construction Ltd to consolidate its leadership position in Nigeria. 5
6 6
7 7
8 8
9 3. GEOGRAPHIC FOOTPRINT The summary history of the Group given in the previous section bears witness to the internationalisation process that has been a feature of the Group since its early days. TREVI Group has over fifty:five companies operating in more than thirty:five countries enabling it able to grasp the major opportunities worldwide. A highly diversified geographic footprint is an important factor for success in a macroeconomic scenario like the present one that is characterised by geographic areas with widely differing economic growth rates. The map below shows the geographic distribution of Group companies divided by those of the Services Division and those of the Mechanical Engineering Division. 9
10 4. BUSINESS OVERVIEW 4.1. Main businesses of the TREVI Group The Group is one of the world leaders in special foundations engineering. It builds special foundations, excavates tunnels and consolidates land; it also designs, manufactures and sells specialist machinery and equipment for the sector. The Group also operates in the drilling sector (oil, gas and water) both manufacturing plant and providing services. The TREVI Group is active in two sectors: Special Foundations and Drilling Services, where it carries out foundation engineering works for civil engineering and infrastructure projects and drilling for the extraction of oil, gas and water; the second sector is the Mechanical Engineering sector where it manufactures plant and equipment for special foundations and drill rigs for the extraction of hydrocarbons and water exploration. These business sectors are organised within the four main operating companies of the Group: (i) (ii) Trevi S.p.A. and Petreven S.p.A., which head up the Services sector; the former provides special foundations services for civil engineering projects whilst the latter provides drilling services; Soilmec S.p.A. and Drillmec S.p.A., which head up the Mechanical Engineering Division and specialise in mechanical engineering through the manufacture and assembly of plant and equipment; Soilmec S.p.A. manufactures equipment for the special foundations sector and Drillmec S.p.A. for the drilling sector. Each of the four companies is both an operating company and a sub:holding company within its relevant division and each controls (directly and indirectly), manages and coordinates various subsidiaries and branches operating in its same sector worldwide. Soilmec and Drillmec, as manufacturers of specialist plant and equipment are also suppliers to Trevi and Petreven respectively. The Group is also characterised by a business model that is based on the interaction and exchange of technologies among the various companies. In particular, the interaction between the Services Division 10
11 and the Mechanical Engineering is two:way so that the service supply companies highlight systems innovations that enable the machinery and equipment manufacturing companies in the various sectors to develop new avant:garde solutions; at the same time, the manufacturing companies develop new technologies that enable the service companies often to introduce radical improvements to their systems as shown in the following table. The interaction between companies and divisions is coordinated and controlled by the Issuer Services Division Special foundations services Special foundations services within the Group are carried out by Trevi and its subsidiaries: these services include ground strengthening, known as grouting, whereby the ground is consolidated through the injection of materials; tunnelling and micro piling; the installation of iron casing tubes and sheet piling; the construction of diaphragm walls; excavation and excavation trenches; the construction of deep foundations; and sheet pile shoring and water containment systems. 11
12 The Group develops the technological processes and systems required in special foundations services and carries out the engineering works required using proprietary plant and equipment and its own personnel. Soilmec is the main supplier to Trevi of the technical plant used in the special foundations services. The Group s use of sub:contractors in this type of work is extremely limited. Trevi operates and offers its services globally to different sectors that include commercial construction and infrastructure projects. The main infrastructure projects in which Trevi has been involved include: Metro systems: over 50 projects worldwide with avant:garde solutions and innovative processes which have resulted in Trevi acquiring significant technological know:how; Dams: over 170 dam consolidation projects worldwide that have made Trevi the world leader in this sector; Maritime projects: 62 projects carried out internationally that reflect Trevi s ability to adapt its technological solutions to the local environmental and morphological conditions, often extremely harsh, in the regions where the work is carried out Drilling services The Group s oil & gas drilling services are supplied by Petreven and its subsidiaries. The main Group clients in this sector are the leading international oil companies. At 31 March 2014, Petreven operated fifteen onshore drill rigs: two in Venezuela, seven in Argentina, one in Colombia, one in Peru and four in Chile. The Group drilling services in oil & gas consist of drilling activity to extract oil, gas or water and the supply of the necessary specialised personnel to operate the equipment. The drill rigs used by the Group in supplying its services are manufactured exclusively by Drillmec and use the HH (Hydraulic Hoist) hydraulic technology, which the Group was the first to launch in the international market. Although all the drill rigs used by the Group have the HH hydraulic technology, drill rigs can have different types of tractions or different features depending on the new models introduced over time by Drillmec. The Group strategy in drilling services is to increase its number of drill rigs and to expand its business into new countries. 12
13 4.3. Mechanical Engineering Division Special foundations plant and equipment Soilmec designs, assembles, sells and hires out equipment for foundations engineering, that is plant and drilling equipment for special foundations. Soilmec products feature several criteria governing safety, the containment of noise emissions, eco:compatibility, adherence to regulations covering gas emissions, ease of transport and use, efficiency, productivity, and the use of innovative technology for foundations. Since 2011, Soilmec has evolved from being merely an equipment supplier to being a supplier of complete solutions. It no longer just manufactures machinery but also offers all the solutions and equipment necessary to complete a project and will build equipment with specific features at the request of clients. Soilmec also offers after:sales and maintenance services. Soilmec s main clients are direct contractors and foundations engineering services companies. The expansion of the Group s international network has given Soilmec the opportunity to contact a growing number of global, regional and local operators in the construction sector. The company has been able to export its proprietary technology and sell equipment even to Trevi s main competitors in the international market and in regional/local markets. Soilmec is the main supplier of Trevi and the latter tests many of the innovations introduced to the market by Soilmec Drilling plant and equipment Drillmec is an international leader in the design, production and customisation of onshore drill rigs and has recently entered the offshore drilling market. The company, a spin:off from Soilmec S.p.A., develops, assembles and markets both conventional and hydraulic (HH) lifting equipment for use in water, gas, oil and geothermal wells. Compared to conventional technology, the HH technology offers 13
14 a significant average increase in drilling performance under suitable conditions with an important reduction in operating costs, in the volumetric requirements of the drilling site, in transport, start:up and dismantling costs whilst offering substantially better health and safety standards for operators. Drillmec has delivered over 200 HH plants worldwide since the technology was launched. Drillmec is the sole supplier of Petreven, which tests the innovations introduced to the HH hydraulic plants that are launched on the market. Drillmec plant and equipment is used for mobile drill rigs and for drilling water wells, onshore drilling to extract oil, gas and water, deep drilling, and offshore oil and gas drilling. Drillmec can design, implement, develop, customise and execute large:scale projects. In addition to equipment manufacture, Drillmec also produces spare parts and offers plant maintenance and modernisation services. In the offshore sector, Drillmec manufactures equipment for fixed platforms drilling to medium depths of up to 5,000 feet (1,500 metres). In the onshore sector Drillmec can supply equipment for all types of drilling including plant to drill water wells. The product range uses both conventional technology and hydraulic technology (HH) for use on land or on artificial islands. 14
15 5. ORGANISATIONAL STRUCTURE The Issuer is the parent company of the TREVI Group and exercises direction and coordination over the direct subsidiaries that are Trevi, Soilmec, Drillmec, Trevi Energy and Petreven and indirectly over the other companies of the Group. The table below is a flow chart of the main companies in the TREVI Group at 31 March 2014 and shows the percentage of each company held either directly or indirectly by the Issuer. 15
16 6. HUMAN RESOURCES At 31 March 2014 the TREVI Group employed 7,187 people. 7. SHAREHOLDING STRUCTURE The following table gives the main shareholders of the Issuer at 30 April 2014 under Article 120 of The Consolidated Finance Act; the information derives from communications received in accordance with the aforementioned Act and the relevant enacted regulatory requirements and integrated with information from the shareholders register and with other information available to the Issuer. Declarer Shareholder No. of shares held in the Issuer Percentage (%) of voting share capital I.F.I.T. S.r.l. Trevi Holding SE 34,399, % Oppenheimer Funds Inc. Oppenheimer Funds Inc. 10,518, % Polaris Capital Management LLC Polaris Capital Management LLC 3,303, % Henderson Global Investors Limited Henderson Global Investors Limited 1,477, % Citigroup Inc. Citigroup Global Markets Limited 1,468, % The Issuer has only ordinary shares in issue and has not issued any shares with voting rights that differ from those of the ordinary shares. The share capital of the Issuer is Euro 35,097, fully paid up. It is made up of 70,194,300 ordinary shares each of nominal value Euro They are registered shares and are dematerialised securities. 8. FINANCIAL AND ECONOMIC PERFORMANCE This section covers the financial and economic performance shown in the annual consolidated financial statements of TREVI Finanziaria Industriale S.p.A. It should be noted that the figures for the 2012 financial year have been restated following the early adoption by TREVI Group of the new accounting standards IFRS 10, 11 and 12 which must be applied from 1 st January The individual and consolidated financial statements of the Issuer are available on the Company website. 8.1 Trend in revenues The bar chart below shows the trend in revenues of the TREVI Group in the last eight financial years with a breakdown by geographic area. Following a brief interruption in 2009 and 2010 due to the difficult world macroeconomic and financial environment, the growth of the early years of this century, which was helped by the stock market listing in 1999, has, since 2011, once again been evident. The main drivers have been the development of the special foundations division (Trevi) and the performance of drilling plant and equipment (Drillmec). 16
17 It is important to stress the significant contribution made to revenues from the recent contracts carried out by the Drillmec division in the offshore sector and by the Trevi division on dams and metro systems. Revenues generated in Italy as a percentage of total revenues is less than 8% From 2006:2013 the compound average growth rate (CAGR) in revenues was approximately 10.30%. 8.2 Net financial position and key financial indicators 17
18 The increase in revenues has been helped by the capital strengthening of the Company to be attributed to management s prudent strategy regarding dividend distribution, to a recourse to financial debt with agreements reached for credit lines with leading domestic and international financial counterparties. Net debt at 31 December 2013 was approximately Euro million, an increase of approximately Euro 42.8 million compared to the end of the previous financial year, and was the result of the increase in the business of the Group. The chart also shows the trend in the key financial indicators. 8.3 Financial performance by Division Services Division The Services Division comprises Trevi and Petreven and is characterised by a stable financial trend due to the nature of its business. Revenues in the last two financial years (2012 and 2013) were approximately Euro 600 million with an EBITDA margin in excess of 15%. It should be noted that the results largely reflect the performance of Trevi, which represents the greater part of the Services Division Mechanical Engineering Division Soilmec and Drillmec make up the Mechanical Engineering Division and in 2013 this division had a significant increase in revenues (+22% compared to 2012) that was primarily generated by Drillmec following its entry into the offshore drilling market. 18
19 The oil & gas sector continued to grow mainly on the back of the average oil price and the increase in exploration that has led the international oil majors, which are the main clients of Drillmec, to increase their capital expenditure. Moreover, over time, Drillmec has diversified its product range to include plant and equipment for use in other areas of activity besides oil drilling. The range now includes equipment for water and gas which should generate higher revenues and profitability in future years. The decrease in average profitability in 2012, which was only in part recouped in 2013, was primarily linked to Drillmec due to some extraordinary events and to its entry in the new offshore segment. The latter required considerable commercial and manufacturing effort that the Group considered essential given the opportunities offered by this market segment. The construction market appears to be recovering, particularly in the Americas, Africa and the Far East, areas in which Soilmec is present due to its extensive network of local legal entities, dealers and agents. However, in recent financial years the markets in Europe and the Middle East have continued to stagnate with the main regions suffering from the recent global economic crisis: Europe is expected to recover slowly starting in 2014 driven primarily by the North European countries whilst the Middle East should experience rapid growth due to a recovery in investments in infrastructure and commercial projects as well as residential works. 9. DIVIDEND DISTRIBUTION In the past the Issuer has always distributed an annual dividend to its shareholders in order to ensure a fair return to those who over time have invested capital in the Group and have believed in the business model and the ability of management and have thereby supported the important development achieved by the Group since its listing on the Italian stock market in
20 The bar chart shows the dividend per share (in Euro cents) distributed in each of the last ten years. TREVI Group s growth was accompanied by an increase in the dividend distributed until 2010 when the dividend paid was Euro 0.13 per share. In the last three years (2011:2013) the Issuer has maintained the dividend paid unchanged (Euro 0.13 per share) with the aim of offering a sufficient return to its shareholders without impacting the capital strength of the Group. 20
MANDATE TO THE CRO TO DEFINE THE TERMS OF THE EXCLUSIVE NEGOTIATION WITH BAIN CAPITAL CREDIT FOR POSSIBLE DEBT RESTRUCTURING
MANDATE TO THE CRO TO DEFINE THE TERMS OF THE EXCLUSIVE NEGOTIATION WITH BAIN CAPITAL CREDIT FOR POSSIBLE DEBT RESTRUCTURING DISCUSSIONS WITH THE BANKING NETWORK FOR A STANDSTILL AGREEMENT AND A FINANCIAL
More information2015 Full Year Results. Ended 31 st December 2015 CONFERENCE CALL. Cesena 24 March Financial Results
2015 Full Year Results Ended 31 st December 2015 CONFERENCE CALL Cesena 24 March 2015 Financial Results 1. TREVI Group 2. FY 2015 Financial Results 3. Appendix 4. Q&A 2 Special foundation services Oil
More informationFinancial Results CONFERENCE CALL Third Quarter Results. Cesena 14 th November2014. Ended 30 th September 2014
Financial Results 2014 Third Quarter Results Ended 30 th September 2014 CONFERENCE CALL Cesena 14 th November2014 1. TREVI Group 2. 9M 2014 Financial Results 3. Q&A 4. Appendix Rome (ITALY) Metro Line
More information2016 First Half Results Ended 30 th June CONFERENCE CALL Cesena,30 th August 2016
2016 First Half Results Ended 30 th June 2016 CONFERENCE CALL Cesena,30 th August 2016 1. TREVI Group 2. 1H 2016 Financial Results 3. Q&A 4. Appendix 2 Special foundation services Oil drilling rigs 278,1m
More informationDate of issue: 13 Giugno Maria Mingari. Analyst: President of the Rating Committee: Cristina Zuddas. Cerved Rating Agency S.p.a.u.s.
Date of issue: 13 Giugno 214 Analyst: President of the Rating Committee: Maria Mingari Cristina Zuddas Cerved Rating Agency S.p.a.u.s. Trevi Finanziaria Industriale S.p.A. Società Per Azioni Via Larga,
More information2013 Annual Results. Ended 31 st December 2013 CONFERENCE CALL. Cesena 25 th March Financial Results
2013 Annual Results Ended 31 st December 2013 CONFERENCE CALL Cesena 25 th March 2014 Financial Results 1. TREVI Group 2. FY 2013 Financial Results 3. Appendix 4. Q&A (ITALY) World Record at 250 meters
More information2016 Full Year Results Ended 31th December CONFERENCE CALL Cesena,13th April 2017
2016 Full Year Results Ended 31th December 2016 CONFERENCE CALL Cesena,13th April 2017 1. TREVI Group 2. FY 2016 Financial Results 3. Q&A 4. Appendix 2 Special foundation services Oil drilling rigs 612,0m
More informationTREVI- Finanziaria Industriale S.p.A.
TREVI- Finanziaria Industriale S.p.A. Consolidated Quarterly Report First Quarter 2001 TREVI Finanziaria Industriale S.p.A. Headquarters (FC) - Via Larga 201 - Share Capital 32.000.000.000 fully paid-up
More informationGOOD OPERATING MARGINS AND CASH GENERATION IN FIRST HALF 2016 RESULTS
GOOD OPERATING MARGINS AND CASH GENERATION IN FIRST HALF 2016 RESULTS Cesena, 29 August 2016 The Board of Directors of TREVI - Finanziaria Industriale S.p.A., the holding company of the TREVI Group, one
More informationSimone Trevisani. CEO of Drillmec
Simone Trevisani CEO of Drillmec Who we are?... 2 The Group FOUNDATION ENGINEERING OIL&GAS GROUP SYNERGIES Special foundation services Oil drilling rigs CONSTANT INNOVATION Special foundation rigs OUR
More informationRESULTS ENDED 30 SEPTEMBER 2014
RESULTS ENDED 30 SEPTEMBER 2014 INCREASE IN BACKLOG AND NET INCOME Consolidated key financial and economic data 3Q14 Revenues 274m EBITDA 32m EBIT 17m Net Profit 9m Consolidated key financial and economic
More informationRESULTS ENDED 30 JUNE 2013
RESULTS ENDED 30 JUNE 2013 STRONG INCREASE IN TOTAL REVENUES AND MARGINS Consolidated key financial and economic data 1H13 Value of Production 678m Revenues 663m EBITDA 76m EBIT 43m Net Financial Position
More informationTREVI - Finanziaria Industriale S.p.A. Half-year Condensed Consolidated Financial Statements at 30 June 2015
TREVI - Finanziaria Industriale S.p.A. Half-year Condensed Consolidated Financial Statements at 30 June 2015 TREVI Finanziaria Industriale S.p.A. Registered Office Cesena (Forlì-Cesena) Via Larga 201 Italy
More informationPOSTPONEMENT OF THE APPROVAL OF THE INTERIM REPORT AT SEPTEMBER 30, 2017 AND THE ANNUAL FINANCIAL REPORT AT DECEMBER 31, 2017.
POSTPONEMENT OF THE APPROVAL OF THE INTERIM REPORT AT SEPTEMBER 30, 2017 AND THE ANNUAL FINANCIAL REPORT AT DECEMBER 31, 2017. INFORMATION REQUIRED BY CONSOB PURSUANT TO ART.114 OF THE LEGISLATIVE DECREE
More informationTrevi Finanziaria. Debt worries seem excessive. 19 February 2009 Capital Goods Change in Estimates. Price: 5.07 Target price: 6.
19 February 2009 Capital Goods Change in Estimates Price: 5.07 Target price: 6.90 Outperform 18 16 14 12 19/2/09 EPS Adj. ( ) 0.83 1.06 1.06 1.24 DPS ( ) 0.10 0.10 0.10 0.13 BVPS ( ) 2.23 3.19 4.14 5.28
More informationTrevi Finanziaria. Growth driven by Middle East and US. 12 October 2007 Industrials Change in Estimates. Price: Target price: 16.
12 October 2007 Industrials Change in Estimates Price: 14.53 Target price: 16.40 Outperform 15 14 13 12 12/10/07 2005 2006 EPS Adj. ( ) 0.20 0.42 0.66 0.87 1.05 DPS ( ) 0.03 0.05 0.08 0.11 0.14 BVPS (
More informationANNUAL REPORT AND ACCOUNTS as at 31 December 2006
ANNUAL REPORT AND ACCOUNTS as at 31 December 2006 Trevi Finanziaria Industriale S.p.A. Registered Office in Cesena (FC) Via larga 201 Italy Share Capital Euro 32,000,000. Forlì Cesena Chamber of Commerce
More informationINFORMATION REQUIRED BY CONSOB PURSUANT TO ART.114 OF THE LEGISLATIVE DECREE No.58/98
INFORMATION REQUIRED BY CONSOB PURSUANT TO ART.114 OF THE LEGISLATIVE DECREE No.58/98 Cesena, December 31, 2018 Trevi Finanziaria Industriale S.p.A. (the "Company"), as requested by Consob on December
More informationAnnual Report and Accounts at 31 December 2014
Annual Report and Accounts at 31 December 2014 TREVI Finanziaria Industriale S.p.A. Annual Report and Accounts at 31 December 2014 TREVI Finanziaria Industriale S.p.A. Registered Office Cesena (Forlì-Cesena)
More informationTrevi Finanziaria. New investments to meet material intake. 12 May 2008 Capital Goods Update. Price: Target price: 16.
12 May 2008 Capital Goods Update Price: 16.44 Target price: 16.80 Outperform 17 16 15 14 13 12/5/08 2006 2007 2008E 2009E EPS Adj. ( ) 0.42 0.83 0.99 1.28 DPS ( ) 0.05 0.10 0.13 0.16 BVPS ( ) 1.91 2.23
More informationTREVI Finanziaria Industriale S.p.A. Registered Office: Via Larga, 201, Cesena (FC), Share Capital: Euro 82,391,632.
TREVI Finanziaria Industriale S.p.A. Registered Office: Via Larga, 201, Cesena (FC), Share Capital: Euro 82,391,632.50 fully paid up Register of Companies of Forlì Cesena, Tax code and VAT No. 01547370401
More informationMarine. Global Programmes. cunninghamlindsey.com. A Cunningham Lindsey service
Marine Global Programmes A Cunningham Lindsey service Marine global presence Marine Global Programmes Cunningham Lindsey approach Managing your needs With 160 marine surveyors and claims managers in 36
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 informationSaipem: Board of Directors approves Interim Report as at March 31, 2011 IMPROVED RESULTS VERSUS Q1 2010
Interim Report at March 31, 2011 Saipem: Board of Directors approves Interim Report as at March 31, 2011 IMPROVED RESULTS VERSUS Revenues amounted to Euro 2,954 million: +11.9% compared to the first quarter.
More informationCOMPANY PROFILE. ACCIONA, sustainable development as a factor for leadership
COMPANY PROFILE ACCIONA is one of the world's leading companies in terms of sustainability, standing out especially for its drive to develop renewable energies, infrastructures, water and services, placing
More informationTrevi Group Italy Capital goods
30 August 2013 Trevi Group Italy Capital goods Buy (Hold) Target price EUR6.90 Current price EUR6.22 Matteo Bonizzoni, CFA mbonizzoni@keplercheuvreux.com +39 02 80 62 83 43 Sound delivery and business
More informationOrdinary General Shareholders' Meeting of
Ordinary General Shareholders' Meeting of 8 May 2018 Speech by the CEO Marcelino Fernández Verdes Introduction Fellow shareholders, good morning and many thanks for attending this General Shareholders'
More informationAgenda. Financial Review. Review of Operations. Future Plans and Strategies. Open Forum
22 October 2009 1 Disclaimer The information contained in this presentation is intended solely for your personal reference. Such information is subject to change without notice, its accuracy is not guaranteed
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 informationTESMEC SERVICE S.R.L.
TESMEC S.P.A. (Merging company) Registered office in Milan (MI), Piazza S. Ambrogio no. 16 Fully paid-up share capital Euro 10,708,400.00 Tax code and registration number 10227100152 REA No. MI - 1360673
More informationPanariagroup Industrie Ceramiche S.p.A.: the Board of Directors approves the draft financial statements for the year ended 31 December 2012.
PRESS RELEASE Panariagroup Industrie Ceramiche S.p.A.: the Board of Directors approves the draft financial statements for the year ended 31 December 2012. Consolidated net revenues from sales and services
More informationWe create communities. We are Stantec.
Acquisition of MWH Global March 29, 2016 We create communities. We are Stantec. PROSPECTUS INFORMATION An amended and restated preliminary short form prospectus containing important information relating
More informationContents. 1. Working with Barclays 2. Bespoke client solutions 3. Your Barclays team 4. Appendix 5. Client case studies. 2 Offshore Corporate
Offshore Corporate Contents 1. Working with Barclays 2. Bespoke client solutions 3. Your Barclays team 4. Appendix 5. Client case studies 2 Offshore Corporate Working with Barclays 3 Offshore Corporate
More informationEconomic Development. Business Plan to restated. Accountability Statement
Economic Development Business Plan 1999-2000 to 2001-02 - restated Accountability Statement As a result of government re-organization announced on May 25, 1999, the Ministry Business Plans included in
More informationSaipem: the Board of Directors approves third quarter results to 30 September 2006
A Joint Stock Company with Registered Office In San Donato Milanese, Italy Full paid-up Share Capital Euro 441,410,900 Fiscal Code and Milan Companies Register No. 00825790157 Switchboard +39-025201 Fax
More informationSaipem PRESS RELEASE 30 TH JULY 2003 SECOND QUARTER REPORT AT 30 TH JUNE 2003
PRESS RELEASE 30 TH JULY 2003 SECOND QUARTER REPORT AT 30 TH JUNE 2003 Today, the Board of Directors of S.p.A. has reviewed the Group consolidated financial statements at 30 th June 2003 (not subject to
More informationConsolidated financial results 2014
PRESS RELEASE Consolidated financial results 2014 The Board of Directors has approved the Consolidated Financial Statement at December 31st, 2014. Consolidated income statement data: o Total revenues of
More informationINTERIM REPORT ON OPERATIONS AT 31 MARCH Astaldi, consolidated net profit up by 14%
INTERIM REPORT ON OPERATIONS AT 31 MARCH 2010 1 Astaldi, consolidated net profit up by 14% Total revenues up by 6.9% to EUR 460.7 million EBITDA: +10.5% to EUR 51.8 million, with the EBITDA margin up to
More informationOutlook 2014 & 2013 Annual Results. Mini Bond. Presentation to the Financial Community. Milan 10th July 2014
Outlook 2014 & 2013 Annual Results Mini Bond Presentation to the Financial Community Milan 10th July 2014 1. TREVI Group 2. FY13 & 1Q14 Financial Results 3. Foundation Engineering 4. Oil & Gas Focus 5.
More informationBAUER AG. Group Presentation Full year BAUER AG, D Schrobenhausen IR-Presentation_FY_2014
BAUER AG Group Presentation Full year 2014 Key Figures FY 2014 FY 2013* in EUR million FY 2014 in EUR million FY in % Total Group revenues, of which - Germany - International - Construction - Equipment
More informationGrupo Santander achieved healthy, geographically balanced and sustainable growth. Alfredo Sáenz Second Vice-Chairman and Chief Executive Officer
Grupo Santander achieved healthy, geographically balanced and sustainable growth. Alfredo Sáenz Second Vice-Chairman and Chief Executive Officer Letter from the Chief Executive Officer Grupo Santander
More informationConsolidated net revenues from sales totalled Euro million (Euro million as at 30 September 2017)
PRESS RELEASE PANARIAGROUP Industrie Ceramiche S.p.A.: The Board of Directors approves the Consolidated Financial Report as of 30 th September 2018. The trend in EUR/USD exchange rate, the international
More informationDIRECTORS REPORT PART I
DIRECTORS REPORT PART I Directors Report Financial highlights 24 ANNUAL REPORT 2017 The following tables show the Group s adjusted key financial indicators for 2017 compared to the previous year. Adjustments
More informationNOT FOR DISTRIBUTION IN THE US, CANADA OR JAPAN FOR IMMEDIATE RELEASE 3 FEBRUARY 1998
NOT FOR DISTRIBUTION IN THE US, CANADA OR JAPAN FOR IMMEDIATE RELEASE 3 FEBRUARY 1998 SAIPEM ANNOUNCES 1997 RESULTS Today, the Board of Directors of Saipem S.p.A., the leading Italian oilfield services
More informationBAUER AG. Group Presentation Full year BAUER AG, D Schrobenhausen IR-Presentation_FY_2015
BAUER AG Group Presentation Full year 2015 Key Figures FY 2015 FY 2014* in EUR million FY 2015 in EUR million FY in % Total Group revenues, of which - Germany - International - Construction - Equipment
More informationFINANCIAL PRESENTATION. Milan, 15 November 2017
FINANCIAL PRESENTATION Milan, 15 November 2017 Product range the heart of gas cooking appliances brass valves light alloy valves thermostats accessories hinges standard burners special burners professional
More informationAnnual Report and Accounts at 31 December 2012
Annual Report and Accounts at 31 December 2012 TREVI Finanziaria Industriale S.p.A. Annual Report and Consolidated Annual Report 31 December 2012 TREVI Finanziaria Industriale S.p.A. Registered Office
More informationMERCER SMARTDB TM A SMARTER APPROACH TO MANAGING LONGEVITY RISK
MERCER SMARTDB TM A SMARTER APPROACH TO MANAGING LONGEVITY RISK www.uk.mercer.com/smartdb MERCER SMARTDB TM A SMARTER APPROACH TO MANAGING LONGEVITY RISK Mercer SmartDB TM is a groundbreaking new solution
More informationTrevi Group. Hold (None) Slow recovery priced in. keplercheuvreux.com
06 August 2013 Trevi Group Italy Capital goods Hold (None) Target price EUR 6.50 Current price EUR 6.36 Matteo Bonizzoni, CFA mbonizzoni@keplercheuvreux.com +39 02 80 62 83 43 Slow recovery priced in Very
More informationApril 2015 A LEADING TECH COMPANY
April 2015 A LEADING TECH COMPANY This presentation has been produced by Indra for the sole purpose expressed therein. Therefore, neither this presentation nor any of the information contained herein constitutes
More 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 informationSaipem: the Board of Directors approves third quarter results at September 30, 2007
A Joint Stock Company with Registered Office In San Donato Milanese, Italy Full paid-up Share Capital 441,410,900 Fiscal Code and Milan Companies Register No. 00825790157 Switchboard +39-025201 Fax +39-0252054295
More informationTHE BOARD OF DIRECTORS OF ASTALDI APPROVES A SHARE CAPITAL INCREASE UP TO A MAXIMUM OF EUR 300 MILLION AND CALLS THE SHAREHOLDERS MEETING
THE BOARD OF DIRECTORS OF ASTALDI APPROVES A SHARE CAPITAL INCREASE UP TO A MAXIMUM OF EUR 300 MILLION AND CALLS THE SHAREHOLDERS MEETING 2018-2022 STRATEGIC PLAN AND CONSOLIDATED RESULTS OF Q1 2018 ALSO
More informationASTM GROUP Investor Presentation 2018
ASTM GROUP Investor Presentation 2018 2 ASTM GROUP DISCLAIMER This document (the document ) has been prepared by ASTM Group (the Company ) for the sole purpose described herein. Under no condition should
More informationINTERIM REPORT FOR THE THREE MONTHS ENDED 31 MARCH 2018
INTERIM REPORT FOR THE THREE MONTHS ENDED 31 MARCH 2018 Registered office in Via della Valle dei Fontanili 29/37 00168 Rome, Italy Share capital: 1,084,200.00 fully paid-in Rome Companies Register, Tax
More informationTravel Insurance and Assistance
Travel Insurance and Assistance Worldwide research covering over 40 countries Series Prospectus Finaccord Ltd., 2016 Web: www.finaccord.com. E-mail: info@finaccord.com 1 Prospectus contents Page What is
More informationSaipem: Board of Directors approves six-month report at June 30, 2011 H1 PROFITS AT RECORD LEVELS
Saipem: Board of Directors approves six-month report at June 30, H1 PROFITS AT RECORD LEVELS Net profit for the second quarter of amounted to Euro 225 million, a 13.6% increase compared to the second quarter
More informationBAUER AG. Group Presentation FY/Q BAUER MC 64 duty-cycle crane with cutter BCM 10, Shanghai IR-Presentation_FY_2016
BAUER AG Group Presentation FY/Q4 2016 BAUER MC 64 duty-cycle crane with cutter BCM 10, Shanghai Key Figures FY 2016 FY 2015* in EUR million FY 2016 in EUR million FY in % Total Group revenues, of which
More informationa closer look GLOBAL TAX WEEKLY ISSUE 249 AUGUST 17, 2017
GLOBAL TAX WEEKLY a closer look ISSUE 249 AUGUST 17, 2017 SUBJECTS TRANSFER PRICING INTELLECTUAL PROPERTY VAT, GST AND SALES TAX CORPORATE TAXATION INDIVIDUAL TAXATION REAL ESTATE AND PROPERTY TAXES INTERNATIONAL
More informationBAUER Aktiengesellschaft
BAUER Aktiengesellschaft Group Presentation First Quarter 2012 In-house exhibition in Schrobenhausen, Germany Key Figures FY 2011 1,600 Total Group revenues (in EUR million) 1,527 1,276 1,304 1,372 120
More informationFINANCIAL PRESENTATION. STAR CONFERENCE London, 9-10 October 2017
FINANCIAL PRESENTATION STAR CONFERENCE London, 9-10 October 2017 Product range the heart of gas cooking appliances brass valves light alloy valves thermostats accessories hinges standard burners special
More informationSwedish portfolio holdings. Foreign equity securities and debt securities
Swedish portfolio holdings Foreign equity securities and debt securities 2006 Swedish portfolio holdings Foreign equity securities and debt securities Statistiska centralbyrån 2008 Swedish portfolio holdings
More informationSwedish portfolio holdings. Foreign equity securities and debt securities
Swedish portfolio holdings Foreign equity securities and debt securities 2007 Swedish portfolio holdings Foreign equity securities and debt securities 2007 Statistiska centralbyrån 2008 Swedish portfolio
More informationActuarial Supply & Demand. By i.e. muhanna. i.e. muhanna Page 1 of
By i.e. muhanna i.e. muhanna Page 1 of 8 040506 Additional Perspectives Measuring actuarial supply and demand in terms of GDP is indeed a valid basis for setting the actuarial density of a country and
More informationAnnual Report and Accounts at 31 December 2016
Annual Report and Accounts at 31 December 2016 TREVI Finanziaria Industriale S.p.A. Annual Report and Accounts at 31 December 2016 TREVI Finanziaria Industriale S.p.A. Registered Office Cesena (Forlì-Cesena)
More informationAn FSE Listings Inc Article FSE Listings Inc- Frankfurt Stock Exchange Listings
FSE Listings How To Prepare Yourself For Listing On The Frankfurt Stock Exchange Author: Mark Bragg An FSE Listings Inc Article FSE Listings Inc- Frankfurt Stock Exchange Listings List your firm fast with
More informationBAUER AG. Group Presentation 9M/Q Successful completion: cut-off wall for a diamond mine, Diavik/Canada. BAUER AG, D Schrobenhausen
BAUER AG Group Presentation 9M/Q3 2017 Successful completion: cut-off wall for a diamond mine, Diavik/Canada 17-11-14 IR-Presentation_Q3_2017 BAUER AG, D-86529 Schrobenhausen Key Figures 9M 2017 9M 2016
More informationBrown Advisory Somerset Emerging Markets Fund Class/Ticker: Institutional Shares / BAFQX Investor Shares / BIAQX Advisor Shares / BAQAX
Summary Prospectus October 31, 2017 Brown Advisory Somerset Emerging Markets Fund Class/Ticker: Institutional Shares / BAFQX Investor Shares / BIAQX Advisor Shares / BAQAX Before you invest, you may want
More informationSaipem: First Quarter 2016 results, confirmation of guidance for 2016
Interim Report at March 31, 2016 Approved by the Board of Directors on April 27, 2016 Saipem: First Quarter 2016 results, confirmation of guidance for 2016 San Donato Milanese, April 27, 2016 - The Board
More informationSRG LIMITED 2017 AGM CHAIRMAN S ADDRESS
SRG LIMITED 2017 AGM CHAIRMAN S ADDRESS 15 NOVEMBER 2017 1 3 OUR BOARD PETER McMORROW CHAIRMAN DAVID MACGEORGE MANAGING DIRECTOR MICHAEL ATKINS NON-EXEC DIRECTOR PETER BRECHT NON-EXEC DIRECTOR ROBERT FREEDMAN
More informationAstaldi, the BoD approves the quarterly report at September 30, 2006
Astaldi, the BoD approves the quarterly report at September 30, 2006 Total revenues of 766.6 million Group net profit for the first nine months of 2006 of 22.6 million Total orders backlog of over 8 billion
More informationA world in transition: PwC s 2017 APEC CEO Survey, November APEC CEO Survey. Australia s findings.
A world in transition: PwC s 2017 APEC CEO Survey, November 2017 2017 APEC CEO Survey Australia s findings www.pwc.com/apec Key themes Making of the workforce of the future An operating model for a fluid
More informationCOMPANY PROFILE ACCIONA INTEGRATES SUSTAINABILITY AS A DRIVER OF CHANGE AND PROGRESS VALUES MISSION VISION VALUE GENERATION
10 COMPANY PROFILE COMPANY PROFILE VALUE GENERATION ACCIONA is a global company with a business model based on sustainability. Its aim is to respond to society s main needs through the provision of renewable
More informationMANDATORY UNCONDITIONAL CASH OFFER. for and on behalf of. FINCANTIERI OIL & GAS S.p.A.
MANDATORY UNCONDITIONAL CASH OFFER by CREDIT SUISSE (SINGAPORE) LIMITED (Incorporated in the Republic of Singapore) (Company Registration No.: 197702363D) NOMURA SINGAPORE LIMITED (Incorporated in the
More informationCALTAGIRONE SpA. February 2005
CALTAGIRONE SpA February 2005 THE CALTAGIRONE GROUP The Caltagirone Group is a family-controlled industrial concern with aggregated sales over 1.1 bn (2004) Group structure is based on three main activities:
More informationINTERIM REPORT ON OPERATIONS AT MARCH 31, 2008
1 INTERIM REPORT ON OPERATIONS AT MARCH 31, 2008 CONTENTS Introduction Reclassified consolidated income statement Reclassified consolidated balance sheet and financial position Comments on the Group s
More informationGlobal solutions. Local expertise.
Global solutions. Local expertise. Count on Sedgwick around the world Sedgwick is a leading global provider of technology-enabled risk, benefits and integrated business solutions. Our 21,000 colleagues,
More informationASTALDI: AT 30 JUNE 2011, NET PROFIT +12.4% TO EUR 35 MILLION TOTAL REVENUES +14.3% TO OVER EUR 1.1 BILLION NEW ORDERS OF OVER EUR 1.
The Board of Directors of Astaldi has approved the 2011 half-yearly results ASTALDI: AT 30 JUNE 2011, NET PROFIT +12.4% TO EUR 35 MILLION TOTAL REVENUES +14.3% TO OVER EUR 1.1 BILLION NEW ORDERS OF OVER
More informationBest ever results: FY 2015
Best ever results: FY 2015 Total shipments reached 7,664 units, up 6% Net revenues grew 3% (-3% at constant currencies) to Euro 2,854 million Adjusted EBIT 1 of Euro 473 million, 200bps margin increase
More informationAdjusted EBITDA: Earnings before interest, taxes, depreciation and amortisation with no non-recurring components.
IDEAMI, SPECIAL PURPOSE ACQUISITION VEHICLE (SPAC) PROMOTED BY DEA CAPITAL AND BANCA IMI, ANNOUNCES THE SIGNING OF THE AGREEMENT FOR THE BUSINESS COMBINATION WITH A. AGRATI S.P.A. A GLOBAL LEADER IN THE
More information2013 APCBF SALES INCENTIVE SURVEY REPORT INDIA
2013 APCBF SALES INCENTIVE SURVEY REPORT INDIA Contents INTRODUCTION... 2 EXECUTIVE SUMMARY... 3 PARTICIPANT PROFILE... 7 SALES PLAN DESIGN... 12 SALES INCENTIVE PLAN DESIGNING... 12 FUNCTIONS COVERED
More informationASTALDI: NET PROFIT UP +20.1% AT 32 MILLION EUROS NET INDEBTEDNESS DOWN TO MILLION EUROS
The Board of Directors has approved the Intermediate Report at 30 September 2008 ASTALDI: NET PROFIT UP +20.1% AT 32 MILLION EUROS NET INDEBTEDNESS DOWN TO 467.7 MILLION EUROS Main consolidated data at
More informationINVESTMENT AGREEMENT WITH BRACKNOR INVESTMENT FOR THE ISSUE OF A CUM WARRANT CONVERTIBLE BOND FOR A TOTAL OF 3 MILLION EUROS
PRESS RELEASE BIOERA S.p.A. INVESTMENT AGREEMENT WITH BRACKNOR INVESTMENT FOR THE ISSUE OF A CUM WARRANT CONVERTIBLE BOND FOR A TOTAL OF 3 MILLION EUROS Milan, 1 August 2017 Bioera S.p.A. ( Bioera or the
More informationFIERA MILANO: THE BOARD OF DIRECTORS APPROVES THE 2017 RESULTS
FIERA MILANO: THE BOARD OF DIRECTORS APPROVES THE 2017 RESULTS Strong growth in all financial figures and a return to net profit Revenues of Euro 271.3 million, an increase of 23% compared to the figure
More informationEmerging Markets Stock Fund
SUMMARY PROSPECTUS PRMSX PRZIX Investor Class I Class March 1, 2018 T. Rowe Price Emerging Markets Stock Fund A fund seeking long-term growth of capital through investments in common stocks of companies
More informationAfrica & Middle East Fund
SUMMARY PROSPECTUS TRAMX PRAMX Investor Class I Class March 1, 2018 T. Rowe Price Africa & Middle East Fund A fund seeking long-term growth of capital through investments in common stocks of companies
More informationUNITED STATES SECURITIES AND EXCHANGE COMMISSION FORM 6-K. LUXOTTICA GROUP S.p.A.
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the quarter
More informationBAUER Aktiengesellschaft
BAUER Aktiengesellschaft Group Presentation First Quarter 2011 Foundation works in Jakarta, Indonesia 11-5-13 IR-Presentation_AnalystConference_Q12011 BAUER AG, D-86529 Schrobenhausen Key Figures FY 2010
More informationADES International Holding announces intention to float on the London Stock Exchange
THIS ANNOUNCEMENT IS NOT BEING MADE IN, IS NOT DIRECTED AT AND MAY NOT BE DISTRIBUTED OR SENT INTO OR OTHERWISE MADE ACCESSIBLE BY PERSONS LOCATED IN THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN
More informationAfrica & Middle East. September rd CLSA Investors Forum Sunil Kaushal Regional CEO, Africa & Middle East
Africa & Middle East September 2016 23 rd CLSA Investors Forum Sunil Kaushal Regional CEO, Africa & Middle East 0 Forward looking statements This document contains or incorporates by reference forward-looking
More informationFranklin GCC Bond Fund
Franklin Templeton Investment Funds Franklin GCC Bond Fund Fixed Income Fund Profile Fund Details Inception Date 30 August 2013 Investment Style Benchmark(s) Fixed Income Citigroup MENA Broad Index GCC
More informationMiddle East and North Africa ABU DHABI BAHRAIN CAIRO CASABLANCA DOHA DUBAI ISTANBUL JEDDAH RIYADH
Middle East and North Africa ABU DHABI BAHRAIN CAIRO CASABLANCA DOHA DUBAI ISTANBUL JEDDAH RIYADH Deep Roots, Broad Perspective Over 30 years of experience in the Middle East & North Africa Baker & McKenzie
More informationFamily Office/Private Wealth Adaptable solutions for family office/private wealth managers
Family Office/Private Wealth Adaptable solutions for family office/private wealth managers Family Office/Private Wealth Maples Fund Services provides a broad range of services to single and multi-family
More informationPresentation of the Group
The world s leading infrastructure developer Presentation of the Group Key figures & Global Strategy July 2012 Grupo ACS The world s leading infrastructure & concessions developer Engineering contractor
More informationEuropean Midcap Event, Geneve December 4-5, 2018
European Midcap Event, Geneve December 4-5, 2018 Emak at a glance * Pro forma figures include Lavorwash sales for 12 months Outdoor Power Equipment Pumps & High Pressure Water Jetting Components & Accessories
More informationClinical Trials Insurance
Allianz Global Corporate & Specialty Clinical Trials Insurance Global solutions for clinical trials liability Specialist cover for clinical research The challenges of international clinical research are
More informationNovember Industry leadership through continuous innovation
November 2016 Industry leadership through continuous innovation Forward-Looking Information Certain statements contained herein constitute forward-looking statements which reflect the current expectations
More informationStandard Chartered and Regulators help create awareness for IFRS Adoption in the Banking Sector.
Standard Chartered and Regulators help create awareness for IFRS Adoption in the Banking Sector. September 2011, Nigeria In line with the Federal Government of Nigeria and the Central Bank of Nigeria s
More information[Press Release] Financial Highlights (Audited)
[Press Release] HILONG 2013 ANNUAL RESULTS: REVENUE UP 8% TO RMB2,452 MILLION * * * * STRATEGY OF INTEGRATED HIGH-END OILFIELD EQUIPMENT AND SERVICES HAS PROVEN SUCCESSFUL GROWTH OF OILFIELD SERVICES QUICKLY
More informationLAMPRELL Analyst Presentation Site Visit, 22 November 2006
LAMPRELL Analyst Presentation Site Visit, 22 November 2006 I. OVERVIEW OF LAMPRELL 2 Overview of Lamprell A leading jackup rig refurbisher in the Arabian Gulf with a significant share of the market in
More information