Salvador Alemany. Chairman
|
|
- Crystal Boone
- 6 years ago
- Views:
Transcription
1 Salvador Alemany Chairman
2 Corporate Governance Economic and Social context Assessment of FY 2017 Stock market and shareholder reward Social Responsibility and future challenges
3 Composition of governing bodies Corporate governance 6 February 2018 RESIGNATION Francisco Reynés Massanet APPOINTMENT Fco. José Aljaro Navarro
4 Composition of governing bodies Corporate governance 9/15 Independent directors 40% female representation Directors from - Spain - France - Italy - USA - Portugal
5 Code of Good Governance Corporate governance 53/58 recommendations Proprietary directors: 9 independent and 5 proprietary directors Separation of the Appointments and Remuneration Committee: The majority of members and the Presidency are independent directors Hiring and remuneration: In accordance with the policy approved by the GSM in 2015
6 Change in Head Office Corporate governance Transfer of registered office Reasons of change
7 Corporate Governance Economic and Social context Assessment of FY 2017 Stock market and shareholder reward Social Responsibility and future challenges
8 Global situation Economic and Social context Improvement in behaviour of the economy Persistence of risk factors Concurrent global growth Necessary improvement in competitiveness Possible slowdown
9 European Union Economic and Social context Management of Brexit Rise in anti-eu movements Crucial years for the future of the EU
10 Spain Economic and Social context The economy recovers strength High unemployment rate Reduction in public deficit Continuity in economic reform process Increase in productivity
11 Our sector Economic and Social context Maturity of oldest concessions Need for a viable, sustainable and equitable model Extension of pay-per -use Public-private collaboration Application of more expansive measures U.S. infrastructure plan $ 1.5 Tn
12 Our sector Maturity of oldest concessions Need for a viable, sustainable and equitable model Extension of pay-per -use Economic and Social context Public-private collaboration Application of more expansive measures U.S. infrastructure plan $ 1.5 Tn Private investment in motorway networks Extension of contracts Review of charges
13 Our sector Maturity of oldest concessions Need for a viable, sustainable and equitable model Economic and Social context Public-private collaboration Application of more expansive measures U.S. infrastructure plan $ 1.5 Tn Extension of pay-per -use A win - win - win formula Private investment in motorway networks Extension of contracts Review of charges
14 Corporate Governance Economic and Social context Assessment of FY 2017 Stock market and shareholder reward Social Responsibility and future challenges
15 2017, a good year Assessment of FY = Motorways activity Economic recovery Business figures
16 2017, a good year Operating income 5,323Mn Assessment of FY % vs2016 Increase in traffic Increase in our perimeter Greater internationalisation
17 2017, a good year Assessment of FY 2017 EBITDA 3,480Mn +14% vs2016 Increase of our perimeter Incorporation efficiency measures Optimisation operational margins +7.7% like-for-like
18 2017, a good year Assessment of FY 2017 NET PROFIT 897Mn +13% vs % like-for-like
19 2017, a good year Assessment of FY 2017 > 3.6Bn in investment 100% stake in Sanef Increased stake of A4 Holding Plan Relance Motorways NH-44 NH-45
20 Autorización Hispasat Valoración ejercicio 2017 General meeting agenda. Point 6. Authorization to the Board of Directors of Abertis Infraestructuras, S.A. in order to perform the transfer of the shares owned by Abertis Telecom Satélites, S.A., a company wholly participated by Abertis Infraestructuras, S.A., in Hispasat, S.A.
21 Corporate Governance Economic and Social context Assessment of FY 2017 Stock market and shareholder reward Social Responsibility and future challenges
22 International markets 2017 Stock market and shareholder reward DAX +12.5% CAC % FTSE % S&P +19.4% Dow Jones +25.1%
23 Abertis on the stock market Stock market and shareholder reward /share May 2017 Atlantia announces takeover bid on Abertis 18 October 2017 Hochtief announces takeover bid on Abertis Market Cap 18.3 Bn Revaluation % +7.4 % Abertis IBEX 35
24 Shareholder reward Stock market and shareholder reward CAGR: 0.40/share Total dividend (paid up November 2017) 792M +10% 792 Accrued 0.80 /share 0.40 /share (20 March 2018) M Paid out 651 since % Annual yield % Cumulative yield
25 Corporate Governance Economic and Social context Assessment of FY 2017 Stock market and shareholder reward Social Responsibility and future challenges
26 Social Responsibility and future challenges CSR plan in each country Materiality analysis: new activities & new countries Promoting eco-efficiency & circular economy Equality opportunities and diversity Health & Safety at work
27 Social Responsibility and future challenges
28 Social Responsibility and future challenges
29 Social Responsibility and future challenges
30 VIDEO
31 Social Responsibility and future challenges globalisation ressources LIMITS CONNECTIVITY right moves takeover bids society public infrastructures history EFFORT good assets possibilities COMPETITIVENESS shareholders strenghts well-being REFERENTE Board criteria COMMITMENT capabilities private operator talent vision of the future wrong moves
32
SALVADOR ALEMANY. Chairman
SALVADOR ALEMANY Chairman Economic context Assesment of 2015 Stock market and shareholder return Foundation, CSR and future challenges Economic context Assesment of 2015 Stock market and shareholder return
More informationAbertis net profit totalled 182Mn in the first quarter, up 18% like-for-like
1Q18 RESULTS Abertis net profit totalled 182Mn in the first quarter, up 18% like-for-like The Group keeps growing thanks to the extension of concessions in exchange for new investments Growth in key figures:
More informationRESULTS PRESENTATION FY17 7 February 2018
RESULTS PRESENTATION FY17 7 February 2018 Index 1 Strategic Plan 2015-2017 2 3 FY17 Results 4 Wrap-up Annexes 1 Strategic Plan 2015-2017 Basic Pillars Strategic Plan 2015-2017 (announced on 30/10/14) Our
More informationCORPORATE PRESENTATION
CORPORATE PRESENTATION Index 002 Introduction 1 104 Abertis at a glance 206 Abertis in the world 308 Road Safety 410 Road Tech 512 The best partner for the infrastructure of the future 614 Solid results
More informationCORPORATE PRESENTATION
CORPORATE PRESENTATION Index 002 Introduction 1 104 Abertis at a glance 206 Abertis in the world 308 Road Safety 410 Road Tech 512 The best partner for the infrastructure of the future 614 Solid results
More informationFRANCISCO REYNÉS Vice-Chairman & CEO
FRANCISCO REYNÉS Vice-Chairman & CEO Vision of Abertis Today 2015 results Strategic Plan 2015-17: Follow-up Conclusions 2015 ADT +6.1% EBITDA ( Mn) 913 Comparable +8% Capex ( Mn) 87 ACHIEVEMENTS Improved
More informationAbertis reports 10% growth in like-for-like net profit to 718Mn in January-September
9M16 RESULTS Abertis reports 10% growth in like-for-like net profit to 718Mn in January-September The Group has gradually increased the average life of its concessions by extending terms and is exploring
More informationIntegrated Annual Report
Integrated Annual Report Summary Key data 217 We connect people A European project Sustained growth New sites 217-223 +8, Investment committed in 217 2 Bn Purchase + Construction 4Mn 2,839 sites and DAS
More informationAbertis' profit totals 1,677Mn, the best results in its history
1H15 RESULTS Abertis' profit totals 1,677Mn, the best results in its history The Board approves a share buyback program of 6.5% of shares through a tender offer with a premium on the share quotation. Unlocking
More informationAbertis' net profit totalled 130Mn in the first quarter, up 13% in like-for-like terms
1Q17 RESULTS Abertis' net profit totalled 130Mn in the first quarter, up 13% in like-for-like terms The company strengthens its presence in France, after the takeover of 100% of its subsidiary Sanef in
More information2014 Results. 18 February 2015 Madrid
2014 Results 18 February 2015 Madrid Disclaimer/Notice to Recipients This presentation contains forward-looking statements and information relating to Abertis Infraestructuras, S.A. ( Abertis ) and its
More informationOVERVIEW PRESENTATION FY17 31 December
OVERVIEW PRESENTATION FY17 31 December Index 01 Who are Who are Our story Abertis is the leading international group of toll-road operators. We manage thousands of kilometers of high quality, high capacity
More informationOVERVIEW PRESENTATION. June 2016
OVERVIEW PRESENTATION June 2016 Our Strategy Value Creation Who are we? Our story Abertis is the leading international group of toll-road operators. We manage thousands of kilometers of high quality, high
More informationOVERVIEW PRESENTATION DECEMBER 2016
OVERVIEW PRESENTATION DECEMBER 2016 Our Strategy Value Creation Who are we? Our story Abertis is the leading international group of toll-road operators. We manage thousands of kilometers of high quality,
More informationOVERVIEW PRESENTATION OCTOBER 2016
OVERVIEW PRESENTATION OCTOBER 2016 Our Strategy Value Creation Who are we? Our story Abertis is the leading international group of toll-road operators. We manage thousands of kilometers of high quality,
More informationABERTIS INFRAESTRUCTURAS, SA 1
ABERTIS INFRAESTRUCTURAS, SA 1 1. INTRODUCTION Abertis is one of the most important groups worldwide in the industry of managing toll roads. It was set up in 2003 after the merger of two Spanish companies:
More informationOVERVIEW PRESENTATION. September 9M RESULTS
OVERVIEW PRESENTATION September 9M 2017 2016 RESULTS Index 01 Who are Who are Our story Abertis is the leading international group of toll-road operators. We manage thousands of kilometers of high quality,
More informationInvestor Day April 2010 INVESTMENT STRATEGY. Mr. DAVID DIAZ Corporate Development Director
Investor Day April 2010 INVESTMENT STRATEGY Mr. DAVID DIAZ Corporate Development Director abertis: Investment strategy 1. An overview of the infrastructure market 2. abertis strategy 3. A robust methodology
More informationAbertis' results reach 1,880Mn in 2015
2015 ANNUAL RESULTS Abertis' results reach 1,880Mn in 2015 Net profit rises 7% on a comparable basis, stripping out extraordinary impacts In 2015 extraordinary impacts affected the Group: o 4,378Mn revenues,
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 informationHOCHTIEF Aktiengesellschaft announces voluntary takeover offer for all shares of ABERTIS Infraestructuras, S.A.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (IN WHOLE OR IN PART) IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION Press Release
More informationThe world s leading infrastructure developer. April 2012
The world s leading infrastructure developer Investors Presentation Company profile, strategy and key financials April 2012 Grupo ACS The world s leading infrastructure developer Engineering contractor
More informationInvestor Day April 2010 FINANCING OUTLOOK
Investor Day April 2010 FINANCING OUTLOOK Mr. JOSÉ ALJARO Chief Financial Officer Mr. JOSÉ LUIS VIEJO Corporate Finance Director 1 abertis: Financing outlook 1. Credit Profile 2. Managing Financing Cost
More information9M16 Results. Confirmation of targets. 26 October M16 Results
Confirmation of 2014-2019 targets Significant progress in 2014-2019 Strategic Plan 2014-2015 achievements Targets 2014-2019 Solid growth in consolidated activities Investment in transmission grid 3,100
More information2013 Results. February 2014
2013 Results February 2014 Table of Contents Discussion Topics Page Section 1 2013 Highlights (CEO) 3 Section 2 2013 Results (CFO) 10 Section 3 2014 Outlook (CEO) 21 Section 4 2014 Guidance (CFO) 27 Section
More information4.3. MAPFRE and its shareholders
4.3. MAPFRE and its shareholders MAPFRE maintains relations with its shareholders and investors in accordance with specific corporate policies that were approved in July 2015, in which it is established
More informationCorporate Responsibility. at Allianz Group Communications and. Group Investor Relations. Paris, November 2017
Corporate Responsibility at Allianz Group Communications and Corporate Responsibility Group Investor Relations Paris, November 2017 1 1 Allianz Group at a glance 2 Corporate Responsibility strategy & approach
More information1 Executive Summary 3. Main figures 3 Relevant facts 5 2 Consolidated Financial Statements 8
INDEX 1 Executive Summary 3 Main figures 3 Relevant facts 5 2 Consolidated Financial Statements 8 2.1 Income Statement 8 2.1.1 Sales and Backlog 9 2.1.2 Operating Results 11 2.1.3 Financial Results 11
More informationThe best combination of growth and returns in the industry
The best combination of growth and returns in the industry Closing remarks César Alierta Chairman and CEO, Telefónica THE BEST COMBINATION OF GROWTH AND RETURNS Valencia - May 26, 2006 Telefónica, S.A.
More informationPresentation to Investors. March 2010
GrupoACS Presentation to Investors March 2010 Grupo ACS key figures Year 2009 Δ Revenues 15,606 mn +2.2 % EBITDA 1,458 mn +5.5 5 % Net Profit 1,952 mn +8.1 % EPS 6.28 +15.6 % Net Debt 9,271 mn 0.9 % Backlog
More informationPost-IPO challenges and lessons from the 2018 AGM Season
Post-IPO challenges and lessons from the 2018 AGM Season How to avoid some of the corporate governance headaches you face as a listed company Daniele Vitale Corporate Governance Manager 18 October 2018
More informationFinal results for 52 weeks to 27 December Ralph Topping, Chief Executive Neil Cooper, Group Finance Director
Final results for 52 weeks to 27 December 2011 Ralph Topping, Chief Executive Neil Cooper, Group Finance Director 1 Agenda Overview Ralph Topping, Chief Executive Financial highlights Neil Cooper, Group
More information2 March Results
2 March 2018 2017 Results Table of Contents 1. 2017 Financial Update 2. Getlink Transaction 3. Closing Remarks Appendix 2 Key 2017 Financial Figures m vs 2016 (2) EBITDA 3,762 (1) +6.1% GROUP NET INCOME
More informationStrategic Review Financial Highlights. Business opportunities. Results by business
March 2004 Strategic Review 2003 Financial Highlights Business opportunities Results by business Conclusions A Construction & Services Market Reference # 1 in Spanish Construction # 1 in Industrial Services
More informationStrategic Review ELIOR GROUP Develop, Innovate, Accelerate. September 24, 2015
Strategic Review 2016-2020 ELIOR GROUP 2020 Develop, Innovate, Accelerate September 24, 2015 EXECUTIVE SUMMARY 2020 STRATEGY: Develop, Innovate, Accelerate 1 2 3 ELIOR A successful growth story Track record
More informationferrovial Investing for Growth FY 2015 Results
ferrovial Investing for Growth FY 2015 Results Disclaimer This document may contain statements that constitute forward looking statements about the Company. These statements are based on financial projections
More informationEXECUTIVE REMUNERATION IN 2016 EXECUTIVE REMUNERATION RESEARCH CENTRE
EXECUTIVE REMUNERATION IN 2016 EXECUTIVE REMUNERATION RESEARCH CENTRE EXECUTIVE REMUNERATION STUDY 2017 WHAT IS NEW? Scope FTSE 250 added Industry/sector added Share ownership concentration added Short-term
More informationRAYMOND JAMES RAYMOND JAMES. -Technical Chart Book -
Technical Strategy Team - Technical Chart Book RAYMOND JAMES -Technical Chart Book - Providing Investors with timely data and technical observations on a broad spectrum of asset classes. Portfolio & Technical
More information2011 Annual Results Presentation
ANNUAL RESULTS 2011-0- Agenda 1. Philip Rogerson, Chairman: Welcome 2. Brian May, FD: Financial Results 3. Michael Roney, CEO: Business Review 4. Q&A -1- Highlights 2011 very strong year Well Announced
More informationU.S. wholesale prices eased in June as the cost of energy posted the biggest monthly drop in two years.
18 JUL 2011 UNITED STATES Moody s Investors Service raised the pressure on U.S. lawmakers to increase the government s $14.3 trillion debt limit by placing the nation s credit rating under review for a
More informationCorporate Profile. Forum Economique Maroc/Portugal, 20 avril 2015 Lisbonne
Corporate Profile Forum Economique Maroc/Portugal, 20 avril 2015 Lisbonne Brisa Overview Strategic Vision Brisa Overview Strategic Vision Credentials Leading European Motorway Company Pioneer in electronic
More informationCEO REMUNERATION STUDY 2016 EXECUTIVE REMUNERATION RESEARCH CENTRE
CEO REMUNERATION STUDY 2016 EXECUTIVE REMUNERATION RESEARCH CENTRE WHAT S NEW ABOUT THIS YEAR S EDITION? Sweden included Banks & financial services included Market capitalisation as measure of firm size
More informationferrovial 2013 Full year results Investing for growth 1 Tel:
ferrovial 2013 Full year results Investing for growth 1 E-mail: ir@ferrovial.es Tel: +34 91 586 27 30 Disclaimer This document may contain statements that constitute forward looking statements about the
More informationCourtesy translation, the original Spanish version prevails SPANISH NATIONAL SECURITIES MARKET COMMISSION
SPANISH NATIONAL SECURITIES MARKET COMMISSION In compliance with the Section 228 of the consolidated text of the Spanish Securities Market Act ( Ley del Mercado de Valores ) and the implementing law, by
More informationKepler Cheuvreux Autumn Conference. Paris, 18 September 2014
Kepler Cheuvreux Autumn Conference Paris, 18 September 2014 2014 first half highlights Berjaya Central Park (Kuala Lumpur) 2014 first half: a solid economic performance on a global scale Group revenue
More informationFiscal 2018 First-Half Results. April 12, 2018
Fiscal 2018 First-Half Results April 12, 2018 FORWARD-LOOKING INFORMATION This presentation contains statements that may be considered as forward-looking statements and as such may not relate strictly
More informationELIOR GROUP FY RESULTS
FY 2017-2018 RESULTS DISCLAIMER This document was prepared by Elior Group for the sole purpose of this presentation. This presentation includes only summary information and does not purport to be comprehensive.
More informationInformation Circular: First Trust Exchange-Traded Fund II
Information Circular: First Trust Exchange-Traded Fund II To: From: Head Traders, Technical Contacts, Compliance Officers, Heads of ETF Trading, Structured Products Traders William Slattery, Director,
More informationGreece Through The Crisis: Taking Stock and Looking Ahead. The Economist 16th Roundtable with the Government of Greece Athens, July 3, 2012
Greece Through The Crisis: Taking Stock and Looking Ahead The Economist 16th Roundtable with the Government of Greece Athens, July 3, 2012 Key points Greece has come a long way in the past two years mainly
More informationMine 2018 Tempting times
Tempting times Review of global trends in the mining industry June 2018 What is Mine? Top 40 Listed by market capitalisation Represents 50% of global production and much more of seaborne trade Traditional
More information2015 Results Confirmation of targets
2015 Results Confirmation of 2014-2019 targets Contents Significant progress in Strategic Plan 3 2015 results 4 Regulatory reform finalised 12 Confirmation of 2014-2019 targets 17 2 Significant progress
More information14,808 million as of December 2014
Market capitalisation 14,808 million as of December 2014 Share performance since IPO in 2010: +200% 8 Our commitment to shareholders 50% pay-out ratio 2 years running 8. Our commitment to shareholders
More informationPotential Gains from the Reform Package
Chart 1 Potential Gains from the Reform Package GDP per capita, % 18 16 14 12 8 6 4 2 Ireland Germany Finland Portugal Spain France Greece Note: The estimated cumulative GDP impact from structural reforms
More informationCorporate strategy in times of crisis
Corporate strategy in times of crisis Antonio Llardén, Enagás Executive Chairman IESE. Barcelona, 24 January 2014 Index 1. About Enagás 2. How to face the crisis 3. New environment, new strategy 4. Corporate
More information07 Commitment to shareholders
07 Commitment to shareholders 127 Amadeus Annual Report 2011 7.1 Share capital and shareholder structure Uncertainty characterised the stock markets in 2011. All major equity indices showed a double digit
More informationUK- US Roadshow Presentation. February 2013
UK- US Roadshow Presentation February 2013 1 Disclaimer Disclaimer This document is an advertisement and not a prospectus and investors should not subscribe for or purchase any transferable securities
More informationEUTELSAT COMMUNICATIONS REPORTS STRONG FIRST HALF RESULTS
PR/11/11 Note: This press release contains unaudited condensed consolidated half-year accounts prepared under IFRS, adopted by the Board of Directors of Eutelsat Communications on February 17, 2011 following
More informationBank Austria Economics & Market Analysis Austria. Austrian Economy. July
Bank Austria Economics & Market Analysis Austria Austrian Economy July http://economicresearch-e.bankaustria.at Austrian Economy Author: Walter Pudschedl Imprint Published by UniCredit Bank Austria AG
More informationCountry Briefing: Eurozone
Country Briefing: Eurozone September, 17 Dr. Edward Yardeni 1-97-783 eyardeni@ Debbie Johnson 8--1333 djohnson@ Please visit our sites at www. blog. thinking outside the box Table Of Contents Table Of
More informationCountry Briefing: Eurozone
Country Briefing: Eurozone August, 18 Dr. Edward Yardeni 1-97-783 eyardeni@ Debbie Johnson 8--1333 djohnson@ Please visit our sites at www. blog. thinking outside the box Table Of Contents Table Of Contents
More informationBank Austria Economics & Market Analysis Austria. Austrian Economy. August
Bank Austria Economics & Market Analysis Austria Austrian Economy August http://economicresearch-e.bankaustria.at Austrian Economy Author: Walter Pudschedl Imprint Published by UniCredit Bank Austria AG
More informationThree-speed recovery. GDP growth. Percent Emerging and developing economies. World
Three-speed recovery GDP growth Percent 1 8 6 4 2-2 -4-6 198 1985 199 1995 2 25 21 215 Source: IMF WEO; Milken Institute. Emerging and developing economies Advanced economies World Output is still below
More informationLazard Global Listed Infrastructure Equity Fund
Lazard Global Listed Infrastructure Equity Fund Fourth Quarter 2017 Featuring: Bertrand Cliquet Portfolio Manager/Analyst For Professional Investors Only This presentation and all research and materials
More informationTAKING EXCEPTION TO THE LONGEST BULL MARKET STORY
Technical Strategy Daily Report Wednesday, August 22, 2018 Strategas Technical Strategy Team Chris Verrone, CMT (212) 906-0135 cverrone@strategasrp.com Todd Sohn, CMT (646) 292-7958 tsohn@strategasrp.com
More informationAnnual return of 11% since IPO - outperforming sector
Financial priorities Richard Aa, CFO Telenor Group Annual return of 11% since IPO - outperforming sector Telenor share price development vs Dow Jones STOXX telecom index (SXKP) 4 NOK 136. 3 3 2 NOK 91.8
More information, growth and value creation
2. The ACS Group 2.1. A global infrastructure company 2.2. 2017, growth and value creation 2.3. A solid and profitable value 2.1. a Global infrastructure CompanY 1. the acs group 2 IS a worldwide reference
More informationCreating a Uniquely Global and Integrated Infrastructure Group. October 2017
Creating a Uniquely Global and Integrated Infrastructure Group 1 October 2017 Agenda 1. Transaction Overview 2. Rationale for the Combination 3. Profile of the New HOCHTIEF 4. Key takeaways for ACS 2 Strategic
More informationThe U.S. Economic Outlook, Fiscal Issues and European Crisis
The U.S. Economic Outlook, Fiscal Issues and European Crisis October 1 Troy Davig Director of Research Outlook themes The US remains in a moderate growth environment The unemployment rate is 8.1%, close
More informationConsolidated Financial Statement Report January December 2017
Consolidated Financial Statement Report January December 2017 13 February 2018 MAIN FIGURES Grupo Solaria s net sales in 2017 amounted to 31.124mn (+96%), its EBITDA 28.559mn (+130%) and its profit after
More informationEXECUTIVE REMUNERATION IN 2016 EXECUTIVE REMUNERATION RESEARCH CENTRE
EXECUTIVE REMUNERATION IN 2016 EXECUTIVE REMUNERATION RESEARCH CENTRE EXECUTIVE REMUNERATION STUDY 2017 WHAT IS NEW? Scope FTSE 250 added Industry/sector added Share ownership concentration added Short-term
More information27 February 2012 Update on Recent T r T ansactions r
27 February 2012 Update on Recent Transactions Recent Developments Atlantia to acquire interests in Autostrade Sud America (ASA) held by SIAS and Mediobanca ASA fully owns Grupo Costanera, holding company
More informationCellnex Telecom, S.A. (formerly Abertis Telecom Terrestre, S.A.U.) and Subsidiaries
Cellnex Telecom, S.A. (formerly Abertis Telecom Terrestre, S.A.U.) and Subsidiaries Interim condensed consolidated financial statements and interim consolidated directors report for the six-month period
More informationThe Eurostat treatment of PPPs. Helsinki 11 December 2015
The Eurostat treatment of PPPs Helsinki 11 December 2015 Eurostat statistical rules: why is the subject important? EU limits for government deficit and debt: Maastricht criteria Key questions: who should
More informationOPTIMTRADER COMMISSIONS
OPTIMTRADER COMMISSIONS Package BASIC OPTIMUM PREMIUM MINIMUM DEPOSIT 5.000 USD or another currency equivalent 10.000 USD another currency equivalent According to the MONTHLY TRADING VOLUME OptimTrader
More information2014 FULL-YEAR RESULTS February 25 th 2015
2 4 5 6 7 8 (1) Closed in 2015 9 10 (1) Solid Recovered Fuel 11 In m 1000 750 500 19.9% 20.5%.14,1% 13.9% 20.7% 21.4% 12.5%.14,3% CEM (+ 129m) 21.3% 23.5% 23.9%.14,3%.15,6% 16.4% 30% 25% 20% 15% 10% 250
More information1 Executive Summary Main figures Relevant facts 5. 2 Consolidated Financial Statements 7
INDEX 1 Executive Summary 3 1.1. Main figures 3 1.2. Relevant facts 5 2 Consolidated Financial Statements 7 2.1 Income Statement 7 2.1.1 Sales and Backlog 8 2.1.2 Operating Results 10 2.1.3 Financial Results
More informationAnständige Rendite ohne zu viel Risikomöglich? Chancen der Aktienanlage Beta-neutral mit Long/Short-Strategien nutzen
Wiesbadener Investorentag Nassauer Hof 18 Juni 2015 Anständige Rendite ohne zu viel Risikomöglich? Chancen der Aktienanlage Beta-neutral mit Long/Short-Strategien nutzen Lic. Oec. Int. Pierre-Olivier Pourcelot
More informationFundamentals of Financial Services
Fundamentals of Financial Services Effective from 1 August 2015 Chartered Institute for Securities & Investment Objective of the examination The objective of the examination is to provide candidates with
More informationPortucel S.A. Assembleia Geral 21 de Maio de Results Presentation
Portucel S.A. Assembleia Geral 21 de Maio de 2013 2015 Results Presentation Disclaimer This presentation does not constitute or form part of and should not be construed as any offer or invitation to sell
More information9 months results
9 months 2014-2015 results August 28, 2015 May 29, 2015 Disclaimer This document was prepared by Elior for the sole purpose of this presentation. This presentation includes only summary information and
More informationfocus More challenging targets and higher visibility in the new Strategic Plan Contents italgas.it
Year 2 Information as of 29 June CLARITY AND VALUE TO INVESTOR RELATIONS focus Contents 01 Message from the CEO of Italgas 02 Investing for growth 03 Efficiencies and returns 04 The Italgas shares 05 Sustainability
More informationCapital Markets Day. Strategic Plan Francesco Starace CEO & General Manager
Capital Markets Day Strategic Plan 2019-21 Francesco Starace CEO & General Manager Agenda Francesco Starace (CEO & General Manager) Enel Today 2015-2018 Our Delivery 2019-2021 Our Vision & Positioning
More informationDow Jones Sustainability Indexes (DJSI) Annual Review 2005
Dow Jones Sustainability Indexes (DJSI) Annual Review 2005 Zurich, Switzerland 7 September 2005 A cooperation of Dow Jones Indexes, STOXX Ltd. and SAM Group 1 Content I. Key Facts II. III. IV. Research
More informationInvestor Day April 2010 IMPACT FROM APLICATION OF IFRIC 12. JORDI LAGARES Corporate Director of Planning and Control
Investor Day April 2010 IMPACT FROM APLICATION OF IFRIC 12 JORDI LAGARES Corporate Director of Planning and Control abertis: Impact from application of IFRIC 12 1. Accounting standards applicable to abertis
More informationWashington & The Investment Landscape Daniel Clifton February 2019 Macro Research
Washington & The Investment Landscape Daniel Clifton February 2019 Macro Research Investment Strategy Economics Policy Research Quantitative Research Technical Research Fixed Income Research Industry Surveys
More informationBank Austria Economics & Market Analysis Austria. Austrian Economy. February
Bank Austria Economics & Market Analysis Austria Austrian Economy February http://economicresearch-e.bankaustria.at Austrian Economy Author: Walter Pudschedl Imprint Published by UniCredit Bank Austria
More informationACS, Actividades de Construcción y Servicios, S.A. and Subsidiaries
Condensed Financial Statements ACS GROUP 0 ACS, Actividades de Construcción y Servicios, S.A. and Subsidiaries Consolidated Condensed Half-yearly Financial Statements for the period of six months finishing
More informationferrovial FY2018 Results 28 February 2019
ferrovial FY2018 Results 28 February 2019 Disclaimer This document may contain statements that constitute forward looking statements about the Company. These statements are based on financial projections
More information22 MARCH 2018 NET GAMING EUROPE AB (PUBL) ABG igaming Seminar. Marcus Teilman PRESIDENT & CEO
22 MARCH 2018 NET GAMING EUROPE AB (PUBL) ABG igaming Seminar Marcus Teilman PRESIDENT & CEO NET GAMING IN BRIEF Net Gaming in numbers 130+ NUMBER OF REVENUE WEBSITES 2005 FOUNDED 3 NUMBER OF OFFICES 82
More informationMAY Carbon taxation and fiscal consolidation: the potential of carbon pricing to reduce Europe s fiscal deficits
MAY 2012 Carbon taxation and fiscal consolidation: the potential of carbon pricing to reduce Europe s fiscal deficits An appropriate citation for this report is: Vivid Economics, Carbon taxation and fiscal
More informationAbertis Motorways BPI EQUITY RESEARCH. Neutral. Spain. Priced-in optionality still on. Low-Risk. 15th October Abertis vs IBEX vs DJ Stoxx 600
BPI EQUITY RESEARCH Abertis Motorways Priced-in optionality still on (YE14 Price Target set at 15.0 (+1% LfL); Neutral Recommendation maintained) 4 Domestic Traffic rebounding: Spanish traffic drop in
More informationEXTRAORDINARY GENERAL SHAREHOLDERS' MEETING. 1,000 million Capital Increase. Madrid, 7 th September 2015
2015 EXTRAORDINARY GENERAL SHAREHOLDERS' MEETING 1,000 million Capital Increase Madrid, 7 th September 2015 Disclaimer This presentation is not for publication, release, disclosure or distribution, directly
More informationRELEVANT EVENT LLEIDANETWORKS SERVEIS TELEMÀTICS S.A. Presentation in EUROPEAN SPRING MEDCAP June 2018
FR: http://www.lleida.net/docs/inversores/fr/20180625_3hrelev.pdf ES: http://www.lleida.net/docs/inversores/es/20180625_3hrelev.pdf ZH: http://www.lleida.net/docs/inversores/zh/20180625_3hrelev.pdf RELEVANT
More informationCONDENSED CONSOLIDATED HALF-YEAR ACCOUNTS AS OF 31 DECEMBER 2016
Eutelsat Communications Group Société anonyme with a capital of 232,774,635 euros Registered office: 70, rue Balard 75015 Paris 481 043 040 R.C.S. Paris CONDENSED CONSOLIDATED HALF-YEAR ACCOUNTS AS OF
More informationBank Austria Economics & Market Analysis Austria. Austrian Economy. May
Bank Austria Economics & Market Analysis Austria Austrian Economy May http://economicresearch-e.bankaustria.at Austrian Economy Author: Walter Pudschedl Imprint Published by UniCredit Bank Austria AG Schottengasse
More informationThe Global M&A Marketplace
The Global M&A Marketplace Corporate analysis: The 2017 Lex Mundi Global Seminar on Cross-Border Transactions was held on 2 November 2017 in London, United Kingdom. The seminar brought together legal practitioners,
More informationWeekly Stock Market Report for Telecom Italia Retail Shareholders
Weekly Stock Market Report for Telecom Italia Retail Shareholders August th August 4 th, 204 Weekly Performance of Major Worldwide Market Stock Exchanges 2.7% 2.4% 2.% 2.% 2.%.8%.7%.6%.5%.3%.3% 0.5% -0.7%
More information2012 FULL YEAR RESULTS February 14, 2013
2012 FULL YEAR RESULTS February 14, 2013 2012 FULL YEAR RESULTS February 14, 2013 (1) Subject to 2013 Shareholder s meeting approval, dividend to be paid in may 2013 - - (1) Global Water Intelligence:
More informationQ Results. 30 April 2013 abertis.com Resultados de febrero de
Q1 2013 Results 30 April 2013 abertis.com investor.relations@abertis.com Resultados 2012. 19 de febrero de 2013 1 Contents 1. Executive Summary... 3 2. Activity... 5 3. Income Statement... 7 4. Toll Roads
More informationSantander Group Strategy. Ana Botin, Group Executive Chairman Boadilla del Monte, 3 rd February 2015
Santander Group Strategy Ana Botin, Group Executive Chairman Boadilla del Monte, 3 rd February 2015 Important information Banco Santander, S.A. ("Santander") cautions that this presentation contains forward-looking
More information