TMG Corporate Communication & Investor Relations. August 15, 2008 Telegraaf Media Groep N.V.
|
|
|
- Thomasine Atkinson
- 8 years ago
- Views:
Transcription
1 TMG Corporate Communication & Investor Relations August 15, 2008 Telegraaf Media Groep N.V.
2 Semi-Annual Results 2008 August 15, 2008 TMG Corporate Communication & Investor Relations August 15, 2008 Telegraaf Media Groep N.V.
3 Hans Elekan Head of Corporate Communication & Investor Relations Introduction TMG Corporate Communication & Investor Relations August 15, 2008 Telegraaf Media Groep N.V.
4 Agenda Mr. Ad J. Swartjes - CEO Highlights Outlook Targets Mr. Fred Th. J. Arp - CFO Q&A General information Analysis result H Option ProSiebenSat.1 Investments August 15, 2008 Telegraaf Media Groep N.V. Corporate Communication & Investor Relations page 4
5 Ad J. Swartjes - CEO TMG Corporate Communication & Investor Relations August 15, 2008 Telegraaf Media Groep N.V.
6 TMG Financial Highlights 08H1 Amounts x 1 million Recurring revenues EUR (07H1: EUR 365.1) Recurring EBITA EUR 26.2 (07H1: EUR 31.8) Recurring EBITA margin 7.3% (07H1: 8.7%; 07FY: 7.2%) Net result EUR (07H1: EUR 39.7) Net result excluding extra ordinary items EUR 9.5 (07H1: EUR - 4.8) Profit per share EUR -3.63* (07H1: EUR 0.79**) Net Cash flow from Operating Activities EUR 17.3 (07H1: EUR 14.4) * 48.3 million depositary receipts; ** 50.5 million depositary receipts August 15, 2008 Telegraaf Media Groep N.V. Corporate Communication & Investor Relations page 6
7 TMG Financial Highlights 08H1 Amounts x 1 million Revenues: Printed media EUR (07H1: EUR 292.5) Non printed media EUR 51.5 (07H1: EUR 42.5) Other activities EUR 21.2 (07H1: EUR 30.1) August 15, 2008 Telegraaf Media Groep N.V. Corporate Communication & Investor Relations page 7
8 TMG Financial Highlights 08H1 EBITA changes Amounts x 1 million Recurring EBITA H ,2 H ,8 Decrease -/- 5,6 Autonomous cost increase 9,5 Autonomous revenue decrease 2,1 -/- 11,6 Cost savings 14,0 Divestments loss making activities 2,0 Portfolio changes -/- 1,0 Total effects according to implementation strategy + 15,0 + 3,4 Not normalised one off costs H /- 9,0 -/- 5,6 August 15, 2008 Telegraaf Media Groep N.V. Corporate Communication & Investor Relations page 8
9 TMG Highlights (1) Portfolio changes Acquired among others: WebRegio Media (70%) - January 2008 Amsterdams Stadsblad - February 2008 Nobiles Media - February 2008 Smart Events and Info Pinnacle (from 50% to 100%) - February 2008 Nieuwsmedia (from 40% to 100%) - April 2008 Online gaming - May 2008 August 15, 2008 Telegraaf Media Groep N.V. Corporate Communication & Investor Relations page 9
10 TMG Highlights (2) Portfolio changes Divested: Door-to-door distribution activities - 2nd half of 2007 Sky Radio Hessen (for 49%) - October 2007 Editions de Saxe S.A.S. - October 2007 Interests in Wegener (April 2007), ANP and SBS Broadcasting S.à.r.l. (second half of 2007) Put option exercised August 2008: 12% (13,127,832) of the voting shares in ProSiebenSat.1; 6% of total shares August 15, 2008 Telegraaf Media Groep N.V. Corporate Communication & Investor Relations page 10
11 TMG Highlights (3) Portfolio changes SBS / ProSiebenSat.1 TMG is pro active following changes in the media landscape Dutch crossownership rules prohibited TMG (until Mid June 2007) to take a larger stake than one third in a commercial broadcaster 1996: 30% stake in SBS Nederland (cross ownership restrictions) 2005: Swap of stake in the Netherlands to 20% SBS International 2006: KKR/Permira acquires majority stake in ProSiebenSat : ProSiebenSat.1 acquires SBS (including 20% stake of TMG), call/put option arrangement on 6% ( shares with voting rights) of ProSiebenSat : TMG does not exercise call option 2008: Lavena exercises put option Over the years: Positive cash flow TMG: 33 million + 6% stake in ProSiebenSat.1 Media AG August 15, 2008 Telegraaf Media Groep N.V. Corporate Communication & Investor Relations page 11
12 Recurring Ebita Pro forma * 2007 Pro forma* 12,0% 24,6% 100% 21,1% 66,9% 9,1% 50,4% 15,9% Print Print Radio** Puzzels Print Radio** Puzzels pro forma TV*** * Excluding holding costs ** Excluding FM-license costs ***Pro forma dividend 2007 ProSiebenSat.1 August 15, 2008 Telegraaf Media Groep N.V. Corporate Communication & Investor Relations page 12
13 Financial outlook H Positive influence Impact cost saving operations Sale of activities with marginal or negative contribution Freeze on the recruitment of staff Negative influence Increased salary level (around 3,5%) Product introduction Local freesheet Rotterdam (door-to-door distribution) Restructuring costs Pressure on autonomous advertisement income Energy and fuel expenses increase Lower interest income (investment of 377 million in ProSiebenSat.1) August 15, 2008 Telegraaf Media Groep N.V. Corporate Communication & Investor Relations page 13
14 Outlook 2008 January 2008, New Year s speech:..a considerable increase of the operating result excluding extraordinary influences, assuming a limited increase in advertising and circulation revenue.. AGM in April:.. TMG expects to realise an increase in normalised EBITA margin to 9 to 10% (2007: 7.2%) this year.. However in first half of 2008: Modest decrease in advertising revenues Modest increase in circulation revenues August 1, 2008: TMG lowered its expected recurring EBITA margin for 2008 to at least 8% (08H1: 7.3%) August 15, 2008 Telegraaf Media Groep N.V. Corporate Communication & Investor Relations page 14
15 Targets Macro economic outlook negative Consequences for TMG in case of business as usual : Further pressure on revenues On average increase in costs of 3 to 4% per year Further discrepancy in development revenues vs costs unacceptable Therefore cost cutting initiatives as of second half of 2008: FTE reduction of at least 425 Divestment of activities with insufficient profitability Outsourcing non core activities Resulting in lowering the yearly cost base with million Possible acquisitions August 15, 2008 Telegraaf Media Groep N.V. Corporate Communication & Investor Relations page 15
16 Targets Ambition: 15% EBITA-margin Coming 3 years: a marked growth in normalised EBITA-margin annually (2008 expected: at least 8%) Influenced by: Development revenues Execution: Lowering cost level Outsourcing of non core activities Opportunities: To acquire To divest August 15, 2008 Telegraaf Media Groep N.V. Corporate Communication & Investor Relations page 16
17 Fred Th. J. Arp - CFO TMG Corporate Communication & Investor Relations August 15, 2008 Telegraaf Media Groep N.V.
18 mr. F.Th.J. Arp - CFO I General information Headlines Income statement Cash flow statement Balance sheet II Analysis result H III Option ProSiebenSat.1 IV Investments August 15, 2008 Telegraaf Media Groep N.V. Corporate Communication & Investor Relations page 18
19 I General information Headlines Income statement Cash flow statement Balance sheet August 15, 2008 Telegraaf Media Groep N.V. Corporate Communication & Investor Relations page 19
20 Headlines (amounts in million) H H Recurring Ebita Ebita margin 7.3% 8.7% Revenues Expenses excl. amortisation and impairment loss Reported net result Shareholders TMG Excl. impairment loss ProSieben/ book profit Wegener 9.5 1) ) 1) impairment loss ProSiebenSat.1 185M 2) gain on sale Wegener 44.5M August 15, 2008 Telegraaf Media Groep N.V. Corporate Communication & Investor Relations page 20
21 Development half year results recurring Ebita 2007 / 2008 (amounts in million) Recurring H H H Revenues Total operating expenses excl. amortisation and impairment loss Ebita Ebita margin 8.7% 5.8% 7.3% August 15, 2008 Telegraaf Media Groep N.V. Corporate Communication & Investor Relations page 21
22 Income statement * Reported % H1 H H vs. 07 Total revenues 361, ,230-1% Total operating expenses excl. amortisation and impairment loss 339, ,377-4% EBITA 22,160 10, % Total normalisations 4,072 20,936-81% Recurring EBITA 26,232 31,789-17% As % of sales 7.3% 8.7% Amortisation and impairment loss 19,406 17,845 9% EBIT 2,754-6,992 Financial income and expenses -177,481 45,107 Result before tax -174,727 38,115 Tax on result 1, Result -175,962 39,101 Minority interest Result shareholders TMG -175,524 39,699 August 15, 2008 Telegraaf Media Groep N.V. Corporate Communication & Investor Relations page 22
23 Cashflow statement * H H Net cash from operating activities + 17, ,418 Received interest 8,228 0 Acquisitions/Disposals -25,116-22,481 Net investments/divestments -6, ,193 Net cash from investing activities - 23, ,712 Change in (non-current) borrowings -2, ,222 Dividends paid -47,747-25,000 Repurchase of own shares -47,030 0 Adjustments minority interest Net cash from financing activities - 97, ,001 Change in cash - 103, ,129 August 15, 2008 Telegraaf Media Groep N.V. Corporate Communication & Investor Relations page 23
24 Balance sheet - assets * Non-current assets 583, ,677 of which: Intangible assets 450, ,603 Property, plant and equipment 104, ,155 Other non-current assets 28,729 29,919 Current assets 517, ,534 of which: Cash 391, ,025 Other current assets 126, ,509 Total Assets 1,101,276 1,233,211 August 15, 2008 Telegraaf Media Groep N.V. Corporate Communication & Investor Relations page 24
25 Balance sheet - equity and liabilities * Shareholders' equity 599, ,836 Interest-bearing loans and borrowings 38,202 38,074 of which: Interest bearing loans 10,727 10,946 Acquisition payables 6,147 6,375 Other financing 21,328 20,753 Provisions 69,314 73,777 of which: Post-employment benefit liabilities 27,566 29,684 Restructuring provision 7,456 10,201 Deferred tax liabilities 34,292 33,892 Current liabilities* 393, ,524 Total liabilities 501, ,375 Total equity and liabilities 1,101,276 1,233,211 *including ProSiebenSat.1 impairment loss 185M August 15, 2008 Telegraaf Media Groep N.V. Corporate Communication & Investor Relations page 25
26 II Analysis result H August 15, 2008 Telegraaf Media Groep N.V. Corporate Communication & Investor Relations page 26
27 Ebita: reported and recurring * H H Reported Recurring Recurring Reported Revenues 360, , , ,119 Other operating income 1,704 1,111 Total income 361, , , ,230 Total operating expenses excl. amortisation and impairment loss 339, , , ,377 EBITA 22,160 26,232 31,789 10,853 EBITA margin 7.3% 8.7% Amortisation intangible assets* 18,856 18,856 17,845 17,845 Impairment loss of intangible assets 550 Amortisation and impairment loss 19,406 18,856 17,845 17,845 EBIT 2,754 7,376 13,944-6,992 *Including amortisation license costs SRG (cash out) 4,929 4,929 August 15, 2008 Telegraaf Media Groep N.V. Corporate Communication & Investor Relations page 27
28 Reported Ebita versus recurring Ebita * H H Delta Reported EBITA 22,160 10, ,307 Other operating income (book profits) -1,704-1,111 Profit share employees (related to gain on sale Wegener) 0 11,906 Restructuring costs 6,727 2,272 Other operating expenses ,869 Total normalisations 4,072 20,936-16,864 Recurring EBITA 26,232 31,789-5,557 August 15, 2008 Telegraaf Media Groep N.V. Corporate Communication & Investor Relations page 28
29 Recurring Ebita changes H H (amounts in M) Inflation -salary level -4,5 -energy/fuel expenses -1,5 -other expenses -3,5-9,5 Autonomous revenue -advertisements -7,1 -circulation 5,0-2,1 Total autonomous -11,6 Total effect measures according to implementation strategy 15,0 (see next page) Combined Ebita effect autonomous/measures + 3,4 One off costs -Distribution/printing margin decrease third parties -4,0 -One off distribution expenses -1,0 -IT expenses (CRM, decreased coverage ICT dept.) -4,0-9,0 Total Recurring Ebita effect - 5,6 August 15, 2008 Telegraaf Media Groep N.V. Corporate Communication & Investor Relations page 29
30 Measures according to implementation strategy (amounts in M) Cost savings -freese on recruitment of staff 6,0 -holding costs 3,0 -sales and other expenses 5,0 14,0 Divestments loss making activities -EDS, Sky Radio Hessen, Plus magazine (Sweden) 2,0 Portfolio changes -Media Librium, Webregio, Carp (start up losses) -4,0 -Nobiles Media, GeenStijl, Pilarczyk, Weekmedia, Puzzelsport, Zigiz, Himes (50%) 3,0-1,0 Total effect measures according to implementation strategy 15,0 August 15, 2008 Telegraaf Media Groep N.V. Corporate Communication & Investor Relations page 30
31 Revenue development * M H H Delta Advertisements Circulation Production Distribution Other income Revenues Other operating income Total income Print Non-print Other Revenues August 15, 2008 Telegraaf Media Groep N.V. Corporate Communication & Investor Relations page 31
32 Print revenue * M H H Delta Newspapers (national/regional) Door-to-door Magazines Puzzels/international/other Total print revenue * M H H Delta Advertisements Circulation Print revenue newspapers August 15, 2008 Telegraaf Media Groep N.V. Corporate Communication & Investor Relations page 32
33 Print advertisement revenue (NL newspapers) * M H H Delta National Brands and Services Recruitment Classified Local/regional Print advertisements newspapers De Telegraaf Reg. dagbladen HDC Sp!ts 11% 16% 20% 11% 49% 35% 78% 80% National Brands & services Recruitment Classified National Brands & Services Recruitment Local & regional National Brands & Services Recruitment August 15, 2008 Telegraaf Media Groep N.V. Corporate Communication & Investor Relations page 33
34 Volume advertisement index H H ,0% 2,0% 0,0% -5,0% -2,0% -2,0% -5,0% -2,0% De Telegraaf Sp!ts -10,0% Reg. Dagbl. HDC -11,0% -15,0% -14,0% -20,0% National Brands & Services -17,0% Recruitment Classified Local/regional August 15, 2008 Telegraaf Media Groep N.V. Corporate Communication & Investor Relations page 34
35 Non-print revenue * M 2008 H H1 Delta Classified Buttons en Banners Other Total BtoB Classified Social communities Other Total BtoC Total internet sales Radio Other* Total non-print revenue *TV productions/narrowcasting/sms services/exhibitions August 15, 2008 Telegraaf Media Groep N.V. Corporate Communication & Investor Relations page 35
36 Other revenue * M 2008 H H1 Delta Distribution third parties Printing third parties Other Total other revenue August 15, 2008 Telegraaf Media Groep N.V. Corporate Communication & Investor Relations page 36
37 Reported and recurring expenses % H1 * H H vs. 07 Recurring CoGS 130, ,668-1% of which: recurring distribution costs 59,085 61,669-4% other 71,472 69,999 2% Recurring SG & A expenses 191, ,868 1% of which: Personnel costs 137, ,714 1% Other SG&A expenses 54,262 54,154 0% Depreciation 11,963 11,794 1% Total expenses recurring 333, ,330 0% Total expenses non-recurring 5,776 22,047-74% Amortisation & impairment 19,406 17,845 Reported expenses 358, ,222-4% August 15, 2008 Telegraaf Media Groep N.V. Corporate Communication & Investor Relations page 37
38 Headcount (FTE) Diff. 30/6/08 Diff. 30/6/08 FTE's vs. 30/6/ vs. 31/12/07 TMnl ) Sky Radio Group ) Keesing Media Group ) TTG Sweden TMG Ukraine Operating companies (excl TMI) ) TMI Other Total Acquired (H H1 2008) -174 Autonomous ) acquisitions TMnl + 163, staff stop -27 2) Sky Radio Hessen -18 3) EDS -45, Puzzle magazines Sanoma + 12, Zigiz/Himes ) TMG Distribution -73, outsourcing Door-to-Door August 15, 2008 Telegraaf Media Groep N.V. Corporate Communication & Investor Relations page 38
39 Headcount (FTE) YE 2002 mid 2003 YE 2003 mid 2004 YE 2004 mid 2005 YE 2005 mid 2006* YE 2006 mid 2007 YE 2007 mid 2008 * 2006: excluding Limburg activities (682 FTE) mid 03 mid 04 mid 05 mid 06 mid 07 mid mid 03 mid 04 mid 05 mid 06 mid 07 mid # fte average sales per fte # fte average sales per fte (mid 08 autonomous) August 15, 2008 Telegraaf Media Groep N.V. Corporate Communication & Investor Relations page 39
40 Financial income and expenses * H H Reported Reported Result on sale of associates Share in result from associates 157-2,555 Result from associates ,555 Interest income 10,166 9,236 Dividend income from other investments Gain on sale of other investments 0 44,498 Other financial income -2 6 Financial income 10,164 54,266 Financial expenses -1,916-6,604 Impairment loss financial instrument -185,000 0 Financial expenses -186,916-6,604 Financial income and expenses -177,481 45,107 August 15, 2008 Telegraaf Media Groep N.V. Corporate Communication & Investor Relations page 40
41 III Option ProSiebenSat.1 August 15, 2008 Telegraaf Media Groep N.V. Corporate Communication & Investor Relations page 41
42 Investment ProSiebenSat.1 Cash flow statement Investment SBS Netherlands M Investment SBS Sarl December M Sale SBS Sarl/Pro7Sat.1 option July M Investment Pro7Sat.1 August M Interest income M Total positive cash flow 33M + 6% share ProSiebenSat.1 August 15, 2008 Telegraaf Media Groep N.V. Corporate Communication & Investor Relations page 42
43 Valuation ProSiebenSat.1 Broker consensus preference shares after Q1 results 22 analyst reports Target price listed stock varying from 4-19 per share!! Wide range of fair value estimates is substantial After Q1 publications Pro7 broker consensus strong to sharp below put option price as per 31 December 2007 IFRS: Discounted cash flow assumptions TMG s 12% interest ordinary (non-listed) stock, i.e. 13,127,832 shares Change in EBITDA forecast and WACC compared to 31 December 2007 ProSiebenSat.1 management forecast EBITDA M TMG s estimate of future free cash flows Annual EBITDA growth range 0% - 1.5% Weighted average cost of capital 9.2% Discount factor of 25% (control premium and marketability discount) to preference shares Resulting in impairment loss 185M (valuation 192M) August 15, 2008 Telegraaf Media Groep N.V. Corporate Communication & Investor Relations page 43
44 IV Investments August 15, 2008 Telegraaf Media Groep N.V. Corporate Communication & Investor Relations page 44
45 Investments 2008 Replacement investments ProSiebenSat.1 option arrangement Other acquisitions 10M 377M PM Presses (format newspapers) To be discussed H Life expectancy of existing presses more than substantial to meet the existing needs of the market Limited investment in existing presses for updating to full colour tabloid production Investment in new presses (Berliner) depending on sustainable business case August 15, 2008 Telegraaf Media Groep N.V. Corporate Communication & Investor Relations page 45
46 Q & A August 15, 2008 Telegraaf Media Groep N.V. Corporate Communication & Investor Relations page 46
47 TMG Corporate Communication & Investor Relations August 15, 2008 Telegraaf Media Groep N.V.
TMG Corporate Communication. 24 augustus 2007 Telegraaf Media Groep N.V.
TMG Corporate Communication 24 augustus 2007 Telegraaf Media Groep N.V. Semi-annual results 2007 August 24, 2007 TMG Corporate Communication 24 augustus 2007 Telegraaf Media Groep N.V. Hans Elekan Head
ANNUAL RESULTS 2014. Geert-Jan van der Snoek, CEO Leo Epskamp, CFO. March 11 2015
ANNUAL RESULTS 2014 Geert-Jan van der Snoek, CEO Leo Epskamp, CFO March 11 2015 1 AGENDA 1. Introduction 2. 2014 highlights and a new focus 3. Annual results 2014 4. Priorities for 2015 5. Your questions
Telegraaf Media Groep NV is the Next Issue of 2012
Semi-annual report 2013 Telegraaf Media Groep connects brands and people. Millions of Dutchmen start their day by reading De Telegraaf on paper or online. At home and on their way to work or university
Conference call on 2014 half year results 13 August 2014
Conference call on 2014 half year results 13 August 2014 IMCD IMCD Group N.V. Disclaimer Forward looking statements This half year report contains forward looking statements. These statements are based
Consolidated Statement of Profit or Loss (in million Euro)
Consolidated Statement of Profit or Loss (in million Euro) Q3 2014 Q3 2015 % change 9m 2014 9m 2015 % change Revenue 636 661 3.9% 1,909 1,974 3.4% Cost of sales (440) (453) 3.0% (1,324) (1,340) 1.2% Gross
Imtech publishes first quarter 2013 results
PRESS RELEASE, 18 June 2013 Imtech publishes first quarter 2013 results Imtech had a difficult first quarter 2013 Revenue at 1,211 million euro, stable versus Q1 2012 Operational EBITDA of -13.6 million
Consolidated Statement of Profit or Loss (in million Euro)
Consolidated Statement of Profit or Loss (in million Euro) Q3 2013 Q3 2014 % change 9m 2013 9m 2014 % change Revenue 689 636-7.7% 2,126 1,909-10.2% Cost of sales (497) (440) -11.5% (1,520) (1,324) -12.9%
TMG UAL REPORT A N N 09
TMG ANNUAL REPORT 09 This annual report is a translation of the original text in Dutch, which is the official version. In case of any discrepancies the Dutch version will prevail. The annual report is
Full-Year Result 2015 Susan Duinhoven, President and CEO Kim Ignatius, CFO 9 February 2016
Full-Year Result 2015 Susan Duinhoven, President and CEO Kim Ignatius, CFO 9 February 2016 Full-Year Result 2015 Key Points Modest expectations for 2015 exceeded Refinancing of revolving credit facility
Q3 2015 Interim Report Susan Duinhoven, President and CEO Kim Ignatius, CFO 29 October 2015
Q3 2015 Interim Report Susan Duinhoven, President and CEO Kim Ignatius, CFO 29 October 2015 CEO s First Impressions of Sanoma Sanoma s strengths: Dedicated people Strong local brands Great content Superior
Aalberts Industries increases earnings per share +10%
Aalberts Industries increases earnings per share +10% Langbroek, 26 February 2015 Highlights o Revenue EUR 2,201 million, increase +8% (organic +3.1%) o Operating profit (EBITA) +10% to EUR 247 million;
Full Year Results 2014
Full Year Results 2014 18 March 2015 Conference call on FY Results 2014 Corporate Finance & Investor Relations AGENDA FY 2014 results presentation Highlights 2014 Financials 2014 Outlook 2015 Appendix
FY 2014-2015 press release
FY 2014-2015 press release (Results for the year ended 31 March 2015) Press release May 29, 2015 Huizingen, Belgium Under embargo until May 29, 2015 1,8 year-over-year turnover growth resulting from 9,6
Stable market positions in the quarter; debt reduction program in progress
Press Release 15 May 2014 Only available in English Royal Imtech publishes first quarter 2014 results Stable market positions in the quarter; debt reduction program in progress Revenue in the first quarter
Financial performance
Press Release 15 May 2014 Royal Imtech publishes first quarter 2014 results Stable market positions in the quarter; debt reduction program in progress Revenue in the first quarter of 1,120 million euro
How To Make A Profit From Telecolumna.Com
FY 2015 Q1 Results Presentation Berlin, 12 May 2015 Disclaimer This document has been prepared by Tele Columbus AG(the"Company") solely for informational purposes. This presentation may contain forward-looking
enges of Passive Investment - Q3 2013
Stable revenue in 2013 provides platform for recovery Presentation Q3 2013 results 7 November 2013 Gerard van de Aast, CEO Hans Turkesteen, CFO Highlights Q3 2013 results Revenue in the quarter 1,256 million
ONESTEEL LIMITED PRO-FORMA FINANCIAL INFORMATION FOR THE MERGED GROUP IN RESPECT OF THE MERGER ONESTEEL LIMITED AND SMORGON STEEL GROUP LIMITED
ONESTEEL LIMITED PRO-FORMA FINANCIAL INFORMATION FOR THE MERGED GROUP IN RESPECT OF THE MERGER OF ONESTEEL LIMITED AND SMORGON STEEL GROUP LIMITED For further information: Mark Gell General Manager, Corporate
P R E S S R E L E A S E K E N D R I O N N. V. 7 M A Y 2 0 1 3
P R E S S R E L E A S E K E N D R I O N N. V. 7 M A Y 2 0 1 3 Revenue and profit performance in Q1 2013 in line with expectations - Revenue in Q1 2013 totalling EUR 71.4 million (-/-8% compared to Q1 2012,
Aalberts Industries Net profit and earnings per share +15%
PRESS RELEASE 1 ST HALF YEAR 2015 Aalberts Industries Net profit and earnings per share +15% Langbroek, 13 August 2015 Highlights o Revenue EUR 1,244 million, increase +18% (organic +2%). o Operating profit
Consolidated Statement of Profit or Loss (in million Euro)
Consolidated Statement of Profit or Loss (in million Euro) Q2 2012 Q2 2013 % H1 2012 H1 2013 % Restated * change Restated * change Revenue 779 732-6.0% 1,513 1,437-5.0% Cost of sales (553) (521) -5.8%
Significant reduction in net loss
press release 12 May 2015 Royal Imtech publishes first quarter 2015 results Significant reduction in net loss Order intake in Q1 at a satisfactorily level of 912 million Revenue 3% down excluding Germany
Financial Statements and Board of Directors Report for 2013
Financial Statements and Board of Directors Report for 2013 get the world Contents Key indicators...4 Definitions of key indicators...5 Net sales by business...6 Operating profit excluding non-recurring
SHARPENING STRATEGIC FOCUS
SHARPENING STRATEGIC FOCUS RESULTS FIRST HALF-YEAR 2014 August 1, 2014 Disclaimer This document contains certain statements and expectations that are forward looking, and which are based on information
MACINTOSH RETAIL GROUP NV. Aandeelhoudersvergadering d.d. 27 april 2010. General meeting of shareholders. April 27, 2010
MACINTOSH RETAIL GROUP NV Aandeelhoudersvergadering d.d. 27 april 2010 General meeting of shareholders April 27, 2010 Should different interpretations arise between the Dutch and English version of this
telegraaf media groep annual report 2012
telegraaf media groep annual report 2012 On the front page and on the illustrated pages in this report you will come across Pieter & Sophie. They symbolise the target groups that are the focus of TMG s
Presentation annual results 2013
Presentation annual results 2013 Amsterdam, 21 February 2014 René J. Takens, CEO Hielke H. Sybesma, CFO Jeroen M. Snijders Blok, COO Agenda 1. Accell Group in 2013 2. The Accell Group share 3. Financials
ICT Automatisering H1 Results 2015. Jos Blejie (CEO) & Jan Willem Wienbelt (CFO) 8/19/2015
ICT Automatisering H1 Results 2015 1 Jos Blejie (CEO) & Jan Willem Wienbelt (CFO) 8/19/2015 Any forward-looking statements in this presentation refer to future events and may be expressed in a variety
Operating net income SnowWorld 1 st six months increase to 4.0 million
Press release 28 May 2014 Expected increase operating net income for the financial year 2013/2014 Operating net income SnowWorld 1 st six months increase to 4.0 million Keypoints - The number of ski passes
VAN LANSCHOT REINFORCES ITS CAPITAL POSITION
HOOGE STEENWEG 29 5211 JN S-HERTOGENBOSCH PO BOX 1021 5200 HC S-HERTOGENBOSCH, THE NETHERLANDS T +31 (0)73 548 32 25 F +31 (0)73 548 33 49 VANLANSCHOT@VANLANSCHOT.COM WWW.VANLANSCHOT.C OM COC S-HERTOGENBOSCH
How To Make Money From A Profit From A Loss On A Profit On A Loss
press release Rollout of new operating models strengthens competitiveness and lowers cost base by 38 million; financing structure optimised Second-quarter 2013 results Almere, 26 July 2013 Second-quarter
Disclaimer. This document has been prepared by Tele Columbus AG (the "Company") solely for informational purposes.
Disclaimer This document has been prepared by Tele Columbus AG (the "Company") solely for informational purposes. This presentation may contain forward-looking statements. These statements are based on
Consolidated balance sheet
Consolidated balance sheet Non current assets 31/12/2009 31/12/2008 (*) 01/01/2008 (*) Property, plant and equipment 1,352 1,350 1,144 Investment property 7 11 11 Fixed assets held under concessions 13,089
Significant debt reduction paves way for operational recovery
press release 18 November 2014 Royal Imtech publishes third quarter 2014 results Significant debt reduction paves way for operational recovery Financial solution implemented providing stability going forward
Note 2 SIGNIFICANT ACCOUNTING
Note 2 SIGNIFICANT ACCOUNTING POLICIES BASIS FOR THE PREPARATION OF THE FINANCIAL STATEMENTS The consolidated financial statements have been prepared in accordance with International Financial Reporting
TenCate records 22% organic growth in EBITA in second quarter of 2014
CORPORATE r Press release investor relations TenCate records 22% organic growth in EBITA in second quarter of 2014 Summary of first half of 2014 Revenues for the first half of 2014 remain unchanged in
GrandVision reports 2.8 billion Revenue and 449 million EBITDA for 2014
GrandVision reports 2.8 billion Revenue and 449 million EBITDA for 2014 Schiphol, the Netherlands 18 March 2015. GrandVision N.V. publishes Full Year and Quarter 2014 results. 2014 Highlights Revenue grew
Roto Smeets Group: Results for 2012 reveal a need for more entrepreneurship and flexibility
Press Release Annual Results 2012 Roto Smeets Group: Results for 2012 reveal a need for more entrepreneurship and flexibility Added value has fallen slightly to EUR 161.6 million (EUR 165.8 million in
Condensed consolidated income statement
RESTATED AND PREVIOUSLY COMMUNICATED (OLD) QUARTERLY INFORMATION FOR Fortum signed the agreement to sell its Swedish distribution business on 13 March 2015, which concludes Fortum s divestment of its electricity
These figures are taken from the draft financial statement 2014, which will be published on April 2, 2015 on the website www.brill.
Please note the text of the Dutch language version of this Press Release is definitive (www.brill.com) Brill reports marginal growth and equal profit in 2014 Key figures (in EUR x Million) 2014 2013 Revenue
Full Year 2015 Results
Full Year 2015 Results 16 March 2016 Conference call on FY 2015 results Corporate Finance & Investor Relations AGENDA FY 2015 results presentation Highlights 2015 Financials 2015 Outlook 2016 Appendix
EQUINIX, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - GAAP PRESENTATION (in thousands, except per share data) (unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - GAAP PRESENTATION (in thousands, except per share data) Recurring revenues $ 314,727 $ 282,117 $ 216,517 $ 834,080 $ 610,384 Non-recurring revenues 15,620
Vattenfall Q2 2013 results
Vattenfall Q2 2013 results Øystein Løseth, CEO and Ingrid Bonde, CFO Conference call for analysts and investors, 23 July 2013 Q2 Highlights Impairment charges on thermal assets and goodwill amounting to
Q1 2014 Earnings Call. April 30 th, 2014
Q1 2014 Earnings Call April 30 th, 2014 Agenda Executive summary Financial data Outlook 2014 Appendix 2 Summary Q1 2014 (1) Revenue growth factors Positive start in FY 2014 with Q1 revenue increase of
3. CONSOLIDATED QUARTERLY FINANCIAL STATEMENTS
3. CONSOLIDATED QUARTERLY FINANCIAL STATEMENTS (1) Consolidated Quarterly Balance Sheets September 30, 2014 and March 31, 2014 Supplementary Information 2Q FY March 2015 March 31, 2014 September 30, 2014
Full Year Results 2012. Conference Call Presentation, 21 st March 2013
Full Year Results 2012 Conference Call Presentation, 21 st March 2013 0 Disclaimer This presentation may contain forward-looking statements based on current assumptionsandforecastsmadebybrenntag AG and
Investors Presentation Final Figures Financial Year 2014 / 2015. Solutions made in plastic
Page 1 Investors Presentation, Final Figures Financial Year 2014 / 2015 Investors Presentation Final Figures Financial Year 2014 / 2015 Solutions made in plastic Page 2 Investors Presentation, Final Figures
Management Presentation Q2/2012 Results. 8 August 2012
Management Presentation Q2/2012 Results 8 August 2012 Cautionary statement This presentation contains forward-looking statements which involve risks and uncertainties. The actual performance, results and
Not for release, distribution or publication into or in the United States, Canada, Australia or Japan
. PRESS RELEASE Amsterdam, 31 October 2007 Not for release, distribution or publication into or in the United States, Canada, Australia or Japan This announcement is not an offer to sell or a solicitation
CFAspace. CFA Level II. Provided by APF. Academy of Professional Finance 专 业 金 融 学 院
CFAspace Provided by APF CFA Level II Equity Investments Free Cash Flow Valuation Part I CFA Lecturer: Hillary Wang Content Free cash flow to the firm, free cash flow to equity Ownership perspective implicit
Full Year 2012 Results. Madrid, February 28 th, 2013
Full Year 2012 Results Madrid, February 28 th, 2013 Our progress in 2012 1. A new company identity and mission 2. A fully integrated organization 3. A strong plan going forward 4. Solid business and financial
DOCDATA N.V. Press & Analyst presentation 17 July 2014. Half-year 2014 results. Deze presentatie is beschikbaar via www.docdatanv.
DOCDATA N.V. Press & Analyst presentation 17 July 2014 Half-year 2014 results Deze presentatie is beschikbaar via www.docdatanv.com AGENDA Marc Verstraeten, CFO Half-year 2014 results Michiel Alting von
Consolidated Financial Results for the nine months of Fiscal Year 2010
Consolidated Financial Results for the nine months of Fiscal Year 2010 (Fiscal Year 2010: Year ending March 31, 2010) Noritake Co., Limited Company Name Stock Exchange Listings Tokyo, Nagoya Code Number
GrandVision reports Revenue growth of 13.8% and EPS growth of 31.7%
GrandVision reports Revenue of 13.8% and EPS of 31.7% Schiphol, the Netherlands 16 March 2015. GrandVision NV (EURONEXT: GVNV) publishes Full Year and Fourth Quarter 2015 results. 2015 Highlights Revenue
FURTHER PROFIT GROWTH IN FIRST-HALF 2015
FURTHER PROFIT GROWTH IN FIRST-HALF 2015 Net sales of 37.7bn, up +5.2% (+2.9% on an organic basis) Growth in Recurring Operating Income: 726m, +2.6% at constant rates Strong growth in adjusted net income,
Results PostNL Q1 2015
Results PostNL Q1 2015 On track to achieve full year 2015 outlook Financial highlights Q1 2015 Revenue at 1,058 million (Q1 2014: 1,033 million) Underlying cash operating income at 68 million (Q1 2014:
EDB Business Partner ASA FIRST QUARTER 2005 INTERIM REPORT
- 1 - EDB Business Partner ASA FIRST QUARTER 2005 INTERIM REPORT Growth in revenues and profit as a consequence of acquisitions Successful integration of acquired businesses and subsequent cost reductions
Interim financial report third quarter 2014 Investor presentation. Koen Van Gerven, CEO Pierre Winand, CFO
Interim financial report third quarter 204 Investor presentation Koen Van Gerven, CEO Pierre Winand, CFO Brussels November, 4th 204 Investor presentation - Interim financial report 3Q4 2 Financial Calendar
1 CONSOLIDATED FINANCIAL STATEMENTS (1) Consolidated Balance Sheets
1 CONSOLIDATED FINANCIAL STATEMENTS (1) Consolidated Balance Sheets As of March 31,2014 As of March 31,2015 Assets Cash and due from banks 478,425 339,266 Call loans and bills bought 23,088 58,740 Monetary
Third quarter results as of December 31, 2014. Investor presentation
Third quarter results as of December 31, 2014 Investor presentation February, 26 th 2015 Disclaimer Certain statements included or incorporated by reference within this presentation may constitute forwardlooking
24.02.2015 Press release Van de Velde: annual results 2014
24.02.2015 Press release Van de Velde: annual results 2014 REBITDA ROSE ON A COMPARABLE BASIS BY 14.8%. RECURRING NET PROFIT INCREASED, BUT NET PROFIT WAS NEGATIVELY IMPACTED BY IMPAIRMENT ON INTIMACY
Interim Financial Statements 30 July 2014
KPN Condensed Consolidated Interim Financial Statements Q2 2014 1 KPN Interim Financial Statements For the six months ended 30 June 2014 Condensed Consolidated Interim Financial Statements for the six
IMCD reports strong results for 2014
IMCD reports strong results for 2014 Rotterdam, The Netherlands 11 March 2015 - IMCD N.V. ( IMCD or Company ), a leading international speciality chemicals-focused distributor, today announces the 2014
How To Read The Third Quarter Results Of Sanoma Corporation
2013 Q3 Interim Report 1 Sanoma s Interim Report 1 January 30 September 2013: Redesign ahead Sanoma Corporation, Stock Exchange Release, 31 October 2013 at 9:00 CET+1 Third quarter Net sales amounted to
CONSOLIDATED STATEMENT OF INCOME
CONSOLIDATED STATEMENT OF INCOME 4 th quarter (a) 3 rd quarter 4 th quarter 2009 Sales 40,157 40,180 36,228 Excise taxes (4,397) (4,952) (4,933) Revenues from sales 35,760 35,228 31,295 Purchases, net
Our results at a glance
1Report 15 AkzoNobel I Report for the first quarter 2015 2 AkzoNobel around the world Revenue by destination (44 percent in high growth markets) A North America B Emerging Europe C Mature Europe D Asia
Investment AB Kinnevik
Investment AB Kinnevik Skeppsbron 18 P.O. Box 2094 SE-103 13 Stockholm Sweden www.kinnevik.se (Publ) Reg no 556047-9742 Phone +46 8 562 000 00 Fax +46 8 20 37 74 INTERIM REPORT 1 JANUARY-31 MARCH Highlights
NN Group N.V. 30 June 2015 Condensed consolidated interim financial information
Interim financial information 5 August NN Group N.V. Condensed consolidated interim financial information Condensed consolidated interim financial information contents Condensed consolidated interim
Financial Statements 2014
Financial Statements 2014 This financial statement is part of Heijmans annual report 2014. The complete English version of the annual report will be published a number of weeks after the publication of
TOMAS CARLSSON, PRESIDENT AND CEO JONAS DAHLBERG, CFO Q2 2015 17 JULY
TOMAS CARLSSON, PRESIDENT AND CEO JONAS DAHLBERG, CFO Q2 2015 17 JULY 1 Q2 highlights Strong profitability and organic growth +15% EBITA adj for calender and E/O 10% organic growth in 3 of 4 BAs Actions
Year ended 31 Dec 2009
PACE PLC CHANGE OF FUNCTIONAL AND PRESENTATIONAL CURRENCY AND COMPARATIVES RE-PRESENTED IN US DOLLARS Introduction Pace announced at the time of its preliminary results announcement that the Board had
Unaudited Financial Report
RECRUITING SERVICES Amadeus FiRe AG Unaudited Financial Report Quarter I - 2015 Temporary Staffing. Permanent Placement Interim Management. Training www.amadeus-fire.de Unaudited Amadeus FiRe Group Financial
CEO Terje Mjøs. Oslo, 16 July 2014. Q2 2014 Presentation
CEO Terje Mjøs Oslo, 16 July 20 20 Presentation Part I ` Report o Highlights o Group o Segments Part II o Outlook Summary Appendix 20 presentation 2 Highlights Record high order backlog Strategic wins
PONSSE PLC, STOCK EXCHANGE RELEASE, 26 OCTOBER 2010, 9:00 a.m. PONSSE S INTERIM REPORT FOR 1 JANUARY 30 SEPTEMBER 2010
PONSSE PLC, STOCK EXCHANGE RELEASE, 26 OCTOBER 2010, 9:00 a.m. PONSSE S INTERIM REPORT FOR 1 JANUARY 30 SEPTEMBER 2010 - Net sales were EUR 171.8 (Q1-Q3/2009 EUR 98.9) million. - Q3 net sales were EUR
Management s Review. For more details, please see the Management s Review in the Consolidated Financial Statements.
Management s Review Principal activities Arla Foods amba and its subsidiary enterprises operate dairy activities based on milk weighed in by its members in Denmark, Sweden, Germany and now also the United
Software AG Results 1 st Quarter 2015 (IFRS, unaudited)
Software AG Results 1 st Quarter (IFRS, unaudited) April 29, 1 Safe Harbor This presentation includes forward-looking statements based on the beliefs of Software AG management. Such statements reflect
Financials at a glance: Strong growth in topline and net adjusted income
1 Ströer Financials Financials at a glance: Strong growth in topline and net adjusted income Change Revenues Organic growth (1) Operational EBITDA 282.3 242.2 +16.6% 7.3% 10.0% 59.8 52.4 +14.0% Net adjusted
Gamenet Group 2014 Nine Months Results
Gamenet Group 2014 Nine Months Results Rome, November 28 th 2014 Disclaimer This presentation includes certain forward looking statements, projections, objectives and estimates reflecting the current views
Notes to the consolidated financial statements continued
144 www.ocadogroup.com Stock Code: OCDO to the consolidated financial statements continued 4.5 instruments Accounting policies assets and financial liabilities are recognised on the balance sheet when
Results PostNL Q3 2014
Results PostNL Q3 2014 The Hague, 3 November 2014 PostNL reports solid Q3 2014 results Financial highlights Q3 2014 Revenue increased to 988 million (Q3 2013: 969 million) Underlying cash operating income
LEADing Practice Financial Scorecard Measurements
LEADing Practice Financial Scorecard Measurements Scorecard Area Finance & Accounting Scorecard Group Accounting ratios Balance sheet Scorecard Performance Measurement Deferred revenue as % of total revenue
D.E MASTER BLENDERS 1753 N.V.
UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS For the six months periods ended 31 December 2012 and 31 December 2011 TABLE OF CONTENTS UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL
4th Quarter 2011. February 9, 2012
4th Quarter 2011 February 9, 2012 Q4 highlights Continued strong improvement in EBITA o EBITA of NOK 232 mill o Synergy run-rate of NOK 230 mill compared to NOK 170 mill as of Q3`11 NOKm 4.000 3.000 Revenue
Quarter I Report - 2005 AMADEUS FIRE AG
Quarter I Report - 2005 AMADEUS FIRE AG www.amadeus-fire.com 2 AMADEUS FIRE Group Financial Summary Amounts stated in EUR k Sales revenues Gross profit on sales Gross profit margin in % EBITDA EBITDA margin
Unaudited financial report for the. sixt-month period ended 30 June 2015. Deutsche Bahn Finance B.V. Amsterdam
Unaudited financial report for the sixt-month period ended 30 June 2015 Deutsche Bahn Finance B.V. Table of contents Annual report of the directors 3 Balance sheet as at 30 June 2015 4 Profit and loss
Drägerwerk AG & Co. KGaA Analyst Conference 2015. Frankfurt, March 11, 2015
Drägerwerk AG & Co. KGaA Analyst Conference 2015 Frankfurt, March 11, 2015 Disclaimer This presentation does not constitute an offer of securities for sale or a solicitation of an offer to purchase any
NN GROUP FINANCIAL SUPPLEMENT 1Q2016
NN GROUP FINANCIAL SUPPLEMENT 1Q2016 NN GROUP FINANCIAL SUPPLEMENT 1Q2016 INTRODUCTION The Financial Supplement includes quarterly financial trend data and is published on a quarterly basis. Figures are
CorpBanca Announces First Quarter 2011 Financial Results and Conference Call on Tuesday, May 17, 2011
CorpBanca Announces First Quarter 2011 Financial Results and Conference Call on Tuesday, May 17, 2011 Santiago, Chile, CORPBANCA (NYSE: BCA), a Chilean financial institution offering a wide variety of
Interim Financial Report 2010. for the six month period ending 30 June
Interim Financial Report 2010 for the six month period ending 30 June CONTENT 1 Interim Executive Board s Report... 2 2 Consolidated Statement of Financial Position... 6 3 Consolidated Income Statement...
mr. M.G.F.M.V. Janssen Secretary to the Managing Board T: +31 20 557 52 30 I: www.kasbank.com
Date: 27 August 2015 For information: mr. M.G.F.M.V. Janssen Secretary to the Managing Board T: +31 20 557 52 30 I: www.kasbank.com Growth of 20% in net result, excluding non-recurring items, to EUR 8.3
Service Tax Planning - Expected Revenue Growth in FY 2015
Munich, Germany, May 7, 2015 Earnings Release FY 2015 January 1 to March 31, 2015 Portfolio gains drive income»for business volume, we performed well in our markets. The profitability of our Industrial
1st quarter results 2015. 2nd quarter results 2015. 3rd quarter results 2015
Q1 Q2 1st quarter results 2015 2nd quarter results 2015 Q3 Q4 3rd quarter results 2015 4th quarter results 2015 1 contents q3: Solid profitable growth 2 financial performance 3 Core data 3 Invested capital
Financial report 2014. Deutsche Bahn Finance B.V. Amsterdam
Financial report 2014 Deutsche Bahn Finance B.V. Table of contents Annual report of the directors 3 Balance sheet as at 31 December 2014 4 Profit and loss account for the year ended 31 December 2014 6
Grieg Seafood ASA Q3 2015. Andreas Kvame CEO. Atle Harald Sandtorv CFO. 6 November 2015. griegseafood.com
Grieg Seafood ASA Q3 2015 Andreas Kvame CEO Atle Harald Sandtorv CFO 6 November 2015 1 Agenda Highlights Business Units (Regions) Financials Outlook 2 HIGHLIGHTS Q3 2015 3 Highlights Q3 2015 Operational
UNAUDITED CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED JUNE 30, 2015
BE SEMICONDUCTOR INDUSTRIES N.V. DUIVEN, THE NETHERLANDS UNAUDITED CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED JUNE 30, 2015 Contents Unaudited Condensed Interim Consolidated
Guidance notes for application of AASB 1023: General Insurance Contracts to Registered Health Benefit Organisations.
Guidance notes for application of AASB 1023: General Insurance Contracts to Registered Health Benefit Organisations. 28 TH OCTOBER 2005 TABLE OF CONTENTS TABLE OF CONTENTS... 2 INTRODUCTION... 3 INSURANCE
Unaudited financial report for the six-month period ending 30 June 2015. RWE Finance B.V. s-hertogenbosch, the Netherlands
Unaudited financial report for the six-month period ending 30 June 2015 RWE Finance B.V. s-hertogenbosch, the Netherlands Content Interim report of the directors 3-5 Interim report of the directors 4-5
Borussia Dortmund GmbH & Co. KGaA
BANKHAUS LAMPE // 58 Borussia Dortmund GmbH & Co. KGaA There is still potential 28/01/2016 Buy (Buy) 5.00 EUR (5.00 EUR ) Close 25/01/2016 3.93 EUR Bloomberg: BVB GY WKN: 549309 Sector Share price performance
Jan-December 2014 Results. Madrid, May 2015
Jan-December 2014 Results Madrid, May 2015 January- December 2014 Highlights Reported Net profit exc. PPA reaches 8.3 million, from the -3.2 million losses accounted in 2013. 2014 has been a year of transformation
ČEZ, a. s. BALANCE SHEET in accordance with IFRS as of March 31, 2015 in CZK Millions
BALANCE SHEET Assets Property, plant and equipment: 31. 03. 2015 31. 12. 2014 Plant in service 345,012 344,246 Less accumulated provision for depreciation (199,841) (196,333) Net plant in service 145,171