Group Financial Outlook and Strategy. Mark Langer, CFO Paris, November 19, 2014

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Group Financial Outlook and Strategy. Mark Langer, CFO Paris, November 19, 2014"

Transcription

1

2 Investor Day 2014 Group Financial Outlook and Strategy Mark Langer, CFO Paris, November 19, 2014 HUGO BOSS 19-Nov-14 2

3 Agenda Review of past financial performance Current trading update Financial implications of 2020 growth strategy Summary HUGO BOSS 19-Nov-14 3

4 Agenda Review of past financial performance Current trading update Financial implications of 2020 growth strategy Summary HUGO BOSS 19-Nov-14 4

5 Group sales performance above original plans Group sales (in EUR million) Actual Average annual growth of 12% between 2009 and sales above levels implied by 2010 and 2011 plans 3,000 Linear projection based on 2011 plan Linear projection based on 2010 plan 2,346 2,432 2,500 2,059 1,562 1, HUGO BOSS 19-Nov-14 5

6 Regional mix of Group sales different than expected Sales by region (in % of total Group sales) Growth in Europe has exceeded initial expectations Expansion in the Americas in line with original plan Sales contribution from Asia lower than projected mainly because of weaker development in China CAGR Europe 60% +9% 67% CAGR Americas +16% 24% Europe 20% 11% 2009 CAGR Asia/Pacific +20% 14% 2013 Americas Asia/Pacific Royalties HUGO BOSS 19-Nov-14 6

7 Retail sales growth has outperformed initial expectations Sales by distribution channel (in % of total Group sales) Retail sales share significantly above original plan Wholesale affected by market deterioration and takeovers Royalties business in line with expectations CAGR Retail +27% 54% 33% 65% 3% 2009 CAGR Wholesale +1% CAGR Royalties +7% 44% 2% 2013 Retail Wholesale Royalties HUGO BOSS 19-Nov-14 7

8 Strong operating profit growth despite most recent moderation EBITDA before special items (in EUR million) Actual Linear projection based on 2011 plan Linear projection based on 2010 plan Group operating profit has more than doubled since 2009 More moderate progress since HUGO BOSS 19-Nov-14 8

9 Significant gross margin progress has driven operating margin increases Gross margin and adjusted EBITDA margin Gross margin benefited from channel mix, lower markdowns, better inventory management and sourcing efficiencies 53.5% 59.1% 60.8% 61.6% 64.9% Rising operating expenses reflect shift to retail whereas G&A provides operating leverage 17.2% 20.5% 22.8% 22.5% 23.2% EBITDA margin has widened by six percentage points COGS OPEX Adjusted EBITDA Gross margin Adjusted EBITDA margin HUGO BOSS 19-Nov-14 9

10 Past performance in line with financial management principles Gross margin improvements to at least equal channel mix effect Retail expenditure growth to be below retail sales growth G&A expenditures to grow more slowly than top line Operating profit to grow stronger than top line Investments to sustain future profitable growth Free cash flow generation to fund shareholder returns and further net debt reduction HUGO BOSS 19-Nov-14 10

11 Financial performance has translated into high total shareholder return Total return HUGO BOSS shares (in EUR) Total return Share price 160 May 14, 2014 Dividend: EUR 3.34 May 17, 2013 Dividend: EUR May 4, 2012 Dividend: EUR 2.88 May 11, 2011 Dividend: EUR June 22, 2010 Dividend: EUR May 15, 2009 Dividend: EUR Jan-09 Jul.-09 Jan-10 Jul.-10 Jan-11 Jul.-11 Jan-12 Jul.-12 Jan-13 Jul.-13 Jan-14 Jul.-14 HUGO BOSS 19-Nov-14 11

12 Agenda Review of past financial performance Current trading update Financial implications of 2020 growth strategy Summary HUGO BOSS 19-Nov-14 12

13 Solid top and bottom line increases in the first nine months of 2014 Sales Gross profit margin 1,888 EUR million +6%* 65.3 % +180 bp *+8% fx-adjusted. EBITDA margin (adjusted) Net income 22.4 % -40 bp 259 EUR million +5% HUGO BOSS 19-Nov-14 13

14 Diverging trends across the three regions Europe Sales growth, 9M in EUR fx-adjusted Strong growth in major markets led by the UK and Germany Moderation in retail trends towards end of period Americas 1 6 Momentum has accelerated over the course of the year despite still promotional environment Improving shop-in-shop performance 2 7 Solid growth in almost all markets, in particular Australia Volatile trading patterns in China restrict visibility on potential market recovery Asia/Pacific HUGO BOSS 19-Nov-14 14

15 Full year outlook 2014 reconfirmed Outlook 2014 Sales growth (currency-adjusted) 6% - 8% Growth of EBITDA before special items 5% - 7% Capex Own retail network Around EUR 130 million Around 50 openings (excl. takeovers) HUGO BOSS 19-Nov-14 15

16 Agenda Review of past financial performance Current trading update Financial implications of 2020 growth strategy Summary HUGO BOSS 19-Nov-14 16

17 Economic and industry forecasts point to continued external challenges Real GDP growth, major Group markets (in %) e 2015e Germany UK France USA China Source: International Monetary Fund, World Economic Outlook, October 2014 Growth in personal luxury goods market (in EUR billion) % % % % +2% +5% fx-adj CAGR (fx-adj.) % E 2017E Source: Bain & Company, Fondazione Altagamma, Altagamma 2014 Worldwide Markets Monitor, October 2014 HUGO BOSS 19-Nov-14 17

18 Group targeting high-single digit annual sales growth on average Regions Distribution channels Brand & Gender Lines All regions expected to make positive contributions Asia forecasted to grow stronger than the Group average in the medium- and long-term Retail to continue growing at a doubledigit rate to at least 75% of Group sales by 2020 LFL increases New openings Takeovers Wholesale expected to decline gradually Weight of core brand BOSS to increase further Luxury to expand to 20% of core brand BOSS sales by 2020 Womenswear to grow at a doubledigit rate to at least 15% of Group sales by 2020 High-single digit annual sales growth on average HUGO BOSS 19-Nov-14 18

19 Strong commitment to achievement of 25% EBITDA margin target Comp store sales Gross margin Higher conversion rates and growing transaction sizes main sources of mid-single-digit sales growth, supporting operating leverage Future increase driven predominantly by channel mix Marketing Expenditures to remain broadly stable relative to sales Own retail Other opex Non-operating items Expenditures to grow stronger than Group sales, but to decline relative to Retail sales Efficiency gains in logistics and disciplined cost management to support growth lower than sales Declining financial expenses and stable tax rate to support EPS increases higher than EBITDA growth HUGO BOSS 19-Nov-14 19

20 Healthy trends in free cash flow set to continue Investments (in EUR million) Average trade net working capital as % of sales (in %)* Free cash flow (in EUR million) Investments to increase again after lower level in 2014 Further reduction targeted *Certain amounts shown here do not correspond to the figures published in prior years and reflect adjustments made. Ongoing support from profit growth and tight working capital management HUGO BOSS 19-Nov-14 20

21 Net debt and annual rent payments moving in opposite directions Net debt (in EUR million) 379 Rent expenses under operating lease obligations (in EUR million) Reflects strong free cash flow Decline despite steady increase of dividend payouts Vast majority of annual lease payments relate to own retail Retail expansion has driven rent increases over the last few years HUGO BOSS 19-Nov-14 21

22 Adjusted financial leverage has remained stable over the last two years Financial leverage x x x x 1.2x 1.2x Management comfortable with current adjusted financial leverage Further improvement expected in coming years Increased flexibility for even higher shareholder returns once adjusted financial leverage falls below 1x x x 0.2x 0.1x Net debt / EBITDA Net debt incl. operating leases / EBITDAR Operating leases = Future committed operating lease obligations capitalized according to S&P methodology EBITDAR = EBITDA + minimum rents + contingent rents HUGO BOSS 19-Nov-14 22

23 HUGO BOSS to maintain industry-leading dividend payout Dividend* and payout ratio in EUR in %** % % % % % % % % % % % % Dividend policy to pay out between 60% and 80% of consolidated net income reconfirmed * Excluding special dividend // ** As a percentage of net profit attributable to the shareholders of the parent company HUGO BOSS 19-Nov-14 23

24 Agenda Review of past financial performance Current trading update Financial implications of 2020 growth strategy Summary HUGO BOSS 19-Nov-14 24

25 Strong financial performance set to continue in future years Group has delivered robust financial performance and strong shareholder returns since 2009 HUGO BOSS on track to achieve 2014 financial targets Clear roadmap in place for generation of high-single digit sales growth annually and achievement of 25% EBITDA margin Expected future free cash flow generation to increase flexibility for even higher cash returns HUGO BOSS 19-Nov-14 25

26 Thank you for your attention! HUGO BOSS 19-Nov-14 26

27

Annual Shareholders Meeting 2016

Annual Shareholders Meeting 2016 Annual Shareholders Meeting 2016 Mark Langer (Chief Executive Officer) Stuttgart, May 19, 2016 HUGO BOSS May 19, 2016 2 2015 marks another year of growth for HUGO BOSS Sales and EBITDA before special items

More information

Management forecasts sales and earnings improvements of between 6% and 8% for 2013 as a whole

Management forecasts sales and earnings improvements of between 6% and 8% for 2013 as a whole Press Release HUGO BOSS Nine Months Results 203 HUGO BOSS increases sales and profitability Accelerating growth momentum in Group s own retail business supports sales expansion in third quarter Rise in

More information

Investor Meeting Presentation

Investor Meeting Presentation August 2015 HUGO BOSS August 2015 2 Agenda Financial Review First Half Year 2015 Strategic Outlook 2015 and beyond Financial Outlook 2015 HUGO BOSS August 2015 3 Agenda Financial Review First Half Year

More information

Nine Months Results Analyst Conference Call Metzingen, November 4, 2014 Mark Langer, CFO. - The spoken word shall prevail

Nine Months Results Analyst Conference Call Metzingen, November 4, 2014 Mark Langer, CFO. - The spoken word shall prevail Nine Months Results Analyst Conference Call Metzingen, November 4, 2014 Mark Langer, CFO - The spoken word shall prevail Good afternoon, Ladies and Gentlemen, and welcome to the presentation of our Nine

More information

For immediate release Herzogenaurach, August 7, 2014

For immediate release Herzogenaurach, August 7, 2014 For immediate release Herzogenaurach, August 7, 2014 First Half 2014 Results: Group sales increase 10% on a currency-neutral basis in Q2 Negative currency effects and continued weakness in golf weigh on

More information

adidas Group records stellar financial performance in Q3 2015 and raises full year guidance

adidas Group records stellar financial performance in Q3 2015 and raises full year guidance FOR IMMEDIATE RELEASE Herzogenaurach, November 5, 2015 Nine Months 2015 Results: adidas Group records stellar financial performance in Q3 2015 and raises full year guidance Major developments in Q3 2015

More information

Dr. Burkhard Lohr, CFO

Dr. Burkhard Lohr, CFO Experience growth. K+S Group Q2/15 Results 13 August 2015 Dr. Burkhard Lohr, CFO K+S Group Highlights Rejection of Potash Corp s unsolicited proposal The proposed transaction does not reflect the fundamental

More information

Halbjahresfinanzbericht 2013 Contents

Halbjahresfinanzbericht 2013 Contents Halbjahresfinanzbericht 2013 Contents 1 Contents CONTENTS 1 TO OUR SHAREHOLDERS Letter to Shareholders p. 4 Key Figures p. 6 HUGO BOSS on the Capital Market p. 7 2 CONSOLIDATED INTERIM MANAGEMENT REPORT

More information

Cliquez pour modifier le style des sous-titres du masque

Cliquez pour modifier le style des sous-titres du masque 2012 Results Growth in Revenue and Profit Investments in the most dynamic markets Cliquez pour modifier le style des sous-titres du masque Venice, 2012 Results 2012 Performance delivered Solid balance

More information

Solid Financial Position Improving Efficiency

Solid Financial Position Improving Efficiency Solid Financial Position Improving Efficiency Kim Ignatius CFO, Sanoma Group Sanoma Capital Markets Day 12 October 2009 Solid financial performance improving efficiency Cost reductions Reshaping operations

More information

2013FIRSTHALFRESULTS. JERÓNIMO MARTINS Strategic Overview

2013FIRSTHALFRESULTS. JERÓNIMO MARTINS Strategic Overview 2013FIRSTHALFRESULTS JERÓNIMO MARTINS Strategic Overview Disclaimer Statements in this presentation that are forward-looking statements are based on current expectations of future events and are subject

More information

Halbjahresfinanzbericht 2013 Contents

Halbjahresfinanzbericht 2013 Contents Halbjahresfinanzbericht 2013 Contents 1 Contents CONTENTS 1 TO OUR SHAREHOLDERS Letter to Shareholders p. 4 Key Figures p. 6 HUGO BOSS on the Capital Market p. 7 2 CONSOLIDATED INTERIM MANAGEMENT REPORT

More information

Deutsche Post DHL Group meets 2015 earnings forecast with record operating performance in the fourth quarter

Deutsche Post DHL Group meets 2015 earnings forecast with record operating performance in the fourth quarter Deutsche Post DHL Group meets 2015 earnings forecast with record operating performance in the fourth quarter Operating profit of EUR 2.41 billion in full-year 2015 EUR 957 million EBIT in fourth quarter

More information

J.P. MORGAN HIGH YIELD & LEVERAGED FINANCE CONFERENCE FEBRUARY 24, 2015

J.P. MORGAN HIGH YIELD & LEVERAGED FINANCE CONFERENCE FEBRUARY 24, 2015 J.P. MORGAN HIGH YIELD & LEVERAGED FINANCE CONFERENCE FEBRUARY 24, 2015 DISCLAIMER This presentation contains, in addition to historical information, certain forward-looking statements within the meaning

More information

Speech of the Board of Management. General Shareholders Meeting, 9 June 2015

Speech of the Board of Management. General Shareholders Meeting, 9 June 2015 Speech of the Board of Management General Shareholders Meeting, 9 June 2015 AGENDA Overview of the financial year Steven Holland, CEO Financial figures 2014 Georg Müller, CFO ConnectingChemistry Steven

More information

Press release March 5, 2015

Press release March 5, 2015 2014 FULL YEAR RESULTS: GROWTH MOMENTUM CONFIRMED Acceleration of organic sales growth Further growth in Recurring Operating Income, up by +10.6% Net income from continuing operations up by +24.6% Increase

More information

Klöckner & Co SE. Q3 2014 Results

Klöckner & Co SE. Q3 2014 Results Klöckner & Co SE A Leading Multi Metal Distributor Gisbert Rühl CEO Marcus A. Ketter CFO Results Analysts and Investors Conference November 6, Disclaimer This presentation contains forward-looking statements

More information

ANALYST PRESENTATION 9M 2011 November 9, 2011

ANALYST PRESENTATION 9M 2011 November 9, 2011 ANALYST PRESENTATION 9M 2011 November 9, 2011 1 Disclaimer This document contains forward-looking statements, which are based on the current estimates and assumptions by the management of TOM TAILOR Holding

More information

Carlsberg A/S. Full-year 2015 results

Carlsberg A/S. Full-year 2015 results Carlsberg A/S Full-year 2015 results Agenda Preparing for the future Financial results Region performance Appendix Preparing for the future Funding the Journey Two year programme aiming at delivering DKK

More information

BA-CA International Investor s Conference 2006

BA-CA International Investor s Conference 2006 BA-CA International Investor s Conference 2006 Wolfgang Reithofer, CEO Kitzbühel, January 20, 2006 Wienerberger Today A growth company, an international leader in bricks and roof tiles Bricks: Clay Roof

More information

adidas Group records strong top-line momentum in Q2 2015 and confirms full year guidance

adidas Group records strong top-line momentum in Q2 2015 and confirms full year guidance FOR IMMEDIATE RELEASE Herzogenaurach, August 6, 2015 First Half 2015 Results: adidas Group records strong top-line momentum in Q2 2015 and confirms full year guidance Major developments in Q2 2015 1 Robust

More information

Halbjahresfinanzbericht 2013 contents

Halbjahresfinanzbericht 2013 contents Halbjahresfinanzbericht 2013 contents 1 CONTENTS 1 TO OUR SHAREHOLDERS Letter to Shareholders p. 4 Key Figures p. 6 2 CONSOLIDATED INTERIM MANAGEMENT REPORT General Economic Situation and Industry Development

More information

Tieto Corporation. Lasse Heinonen CFO Tanja Lounevirta Head of Investor Relations 27 October 2014

Tieto Corporation. Lasse Heinonen CFO Tanja Lounevirta Head of Investor Relations 27 October 2014 Tieto Corporation Lasse Heinonen CFO Tanja Lounevirta Head of Investor Relations 27 October 2014 Financial facts Customer sales in 2013* ) : EUR 1607 million EBIT margin excl. one-off items **) : 8.8%

More information

Conference Call on 1 Jan 2011 Non-Life Treaty Renewals

Conference Call on 1 Jan 2011 Non-Life Treaty Renewals Conference Call on Jan 2 Non-Life Treaty Renewals Hannover, 2 February 2 Important note Unless otherwise stated, the s part of the presentation is based on underwriting-year (U/Y) figures. This basis is

More information

GrandVision reports Revenue growth of 13.8% and EPS growth of 31.7%

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

More information

2008 Full Year Roadshow Robin J. Stalker, CFO March 2009

2008 Full Year Roadshow Robin J. Stalker, CFO March 2009 2008 Full Year Roadshow Robin J. Stalker, CFO March 2009 Agenda 2008 Operational Highlights 2008 Financial Highlights Outlook and Strategic Initiatives 2009 Summary 2 Strong Momentum At adidas And TaylorMade

More information

TVN GROUP RESULTS FOR THE FIRST QUARTER 2015 WARSAW, MAY 5 TH, 2015

TVN GROUP RESULTS FOR THE FIRST QUARTER 2015 WARSAW, MAY 5 TH, 2015 TVN GROUP RESULTS FOR THE FIRST QUARTER 2015 WARSAW, MAY 5 TH, 2015 Disclaimer This presentation (the Presentation ) has been prepared by TVN S.A. (the Company ) solely for use by its shareholders, clients

More information

Contents. To our shareholders. Consolidated interim financial statements. Consolidated interim management Report. Further information

Contents. To our shareholders. Consolidated interim financial statements. Consolidated interim management Report. Further information FIRST HALF YEAR REPORT JANUARY JUNE 2013 Contents 2 Contents 1 To our shareholders Letter to Shareholders p. 4 Key Figures p. 6 HUGO BOSS on the Capital Market p. 7 2 Consolidated interim management Report

More information

For personal use only GALE PACIFIC LIMITED

For personal use only GALE PACIFIC LIMITED GALE PACIFIC LIMITED RESULTS FOR YEAR ENDED 30 JUNE 2013 FY13 Review FY13 FY12 FY11 A$M S A$M S % Variance A$M S Sales 120.0 110.5 9% 95.6 EBITDA 18.0 18.0 0% 15.8 EBIT 12.9 12.5 4% 9.9 NPAT 9.1 8.5 7%

More information

Halbjahresfinanzbericht 2013 contents

Halbjahresfinanzbericht 2013 contents Halbjahresfinanzbericht 2013 contents 1 CONTENTS 1 TO OUR SHAREHOLDERS Letter to Shareholders p. 4 Key Figures p. 6 HUGO BOSS on the Capital Market p. 7 2 CONSOLIDATED INTERIM MANAGEMENT REPORT General

More information

Group sales stable on a currency-neutral basis Results significantly impacted by negative currency effects adidas Group confirms full year guidance

Group sales stable on a currency-neutral basis Results significantly impacted by negative currency effects adidas Group confirms full year guidance For immediate release Herzogenaurach, May 6, 2014 First Quarter 2014 Results: Group sales stable on a currency-neutral basis Results significantly impacted by negative currency effects adidas Group confirms

More information

METRO GROUP increases sales 2012 in a challenging consumer environment

METRO GROUP increases sales 2012 in a challenging consumer environment METRO GROUP increases sales in a challenging consumer environment Sales rose by 1.2% to 66.7 billion (adjusted for portfolio measures: +2.3%); EBIT before special items reached around 2.0 billion Operating

More information

1Q 2016 Highlights Total volume (kmt) Adjusted EBITDA (EUR/Millions) Adjusted EPS (EUR) 1Q16 1Q15 Y-o-Y Comparison 277.8 252.9 9.9% 54.0 53.9 0.1% 0.28 0.33-15.2% Strong volume gains from both Specialty

More information

Strong Sales Boost Kellogg's Earnings and Outlook

Strong Sales Boost Kellogg's Earnings and Outlook Strong Sales Boost Kellogg's Earnings and Outlook BATTLE CREEK, Mich., Nov. 3 /PRNewswire-FirstCall/ -- Kellogg Company (NYSE: K) today reported that strong net sales growth drove a substantial earnings

More information

Financial facts. Sales by Service Line. Customer sales in 2014: EUR million EBIT margin excl. one-off items *) : 9.9% Tieto s market position:

Financial facts. Sales by Service Line. Customer sales in 2014: EUR million EBIT margin excl. one-off items *) : 9.9% Tieto s market position: Tieto Corporation Financial facts Customer sales in 214: EUR 1 523 million EBIT margin excl. one-off items *) : 9.9% Sales by Service Line Tieto s market position: Market leader in Finland Among top 3

More information

FOSSIL GROUP, INC. REPORTS FOURTH QUARTER AND FISCAL YEAR 2014 RESULTS; Fourth Quarter Net Sales of $1.065 Billion; Diluted EPS Increases 12% to $3.

FOSSIL GROUP, INC. REPORTS FOURTH QUARTER AND FISCAL YEAR 2014 RESULTS; Fourth Quarter Net Sales of $1.065 Billion; Diluted EPS Increases 12% to $3. FOSSIL GROUP, INC. REPORTS FOURTH QUARTER AND FISCAL YEAR 2014 RESULTS; Fourth Quarter Net Sales of $1.065 Billion; Diluted EPS Increases 12% to $3.00 Fiscal Year 2014 Net Sales Increase 8% to $3.510 Billion;

More information

DEUTSCHE TELEKOM Q4/14 Results

DEUTSCHE TELEKOM Q4/14 Results DEUTSCHE TELEKOM Results DISCLAIMER This presentation contains forward-looking statements that reflect the current views of Deutsche Telekom management with respect to future events. These forward-looking

More information

Speech of the Board of Management. General Shareholders Meeting, 17 June 2014

Speech of the Board of Management. General Shareholders Meeting, 17 June 2014 Speech of the Board of Management General Shareholders Meeting, 17 June 2014 AGENDA Overview of the financial year 2013 Steven Holland, CEO Financial figures 2013 Georg Müller, CFO 24/7 on time worldwide

More information

Halbjahresfinanzbericht 2013 Contents

Halbjahresfinanzbericht 2013 Contents Halbjahresfinanzbericht 2013 Contents 1 Contents CONTENTS 1 TO OUR SHAREHOLDERS Letter to Shareholders p. 4 Key Figures p. 6 HUGO BOSS on the Capital Market p. 7 2 CONSOLIDATED INTERIM MANAGEMENT REPORT

More information

Accor: a new growth dynamic and excellent results in 2011 * * *

Accor: a new growth dynamic and excellent results in 2011 * * * Press Release 2011 Results Paris February 22, 2012 Accor: a new growth dynamic and excellent results in 2011 Record expansion, with the opening of 38,700 rooms Sustained growth in revenue to 6,100 million,

More information

Full year results. March 2012

Full year results. March 2012 2 0 1 1 Full year results March 2012 1 DISCLAIMER Safe Harbour Statement This presentation contains forward-looking statements (made pursuant to the safe harbour provisions of the Private Securities Litigation

More information

Mizuno Corporation The 98th Period (Year ending March 31, 2011)

Mizuno Corporation The 98th Period (Year ending March 31, 2011) Mizuno Corporation The 98th Period (Year ending March 31, 211) 4th Quarter Financial Report This report includes forecasts based on our assumptions, outlook and plans for the future as of May 19, 211,

More information

FOSSIL GROUP, INC. REPORTS THIRD QUARTER 2014 RESULTS. Third Quarter Net Sales Increase 10% to $894 Million; Diluted EPS Increases 24% to $1.

FOSSIL GROUP, INC. REPORTS THIRD QUARTER 2014 RESULTS. Third Quarter Net Sales Increase 10% to $894 Million; Diluted EPS Increases 24% to $1. FOSSIL GROUP, INC. REPORTS THIRD QUARTER RESULTS Third Quarter Net Sales Increase 10% to $894 Million; Diluted EPS Increases 24% to $1.96 Updates Full Year Guidance and Provides Fourth Quarter Guidance

More information

Bank of America Merrill Lynch Global Industries Conference. Dave Anderson, Senior Vice President and CFO

Bank of America Merrill Lynch Global Industries Conference. Dave Anderson, Senior Vice President and CFO Bank of America Merrill Lynch Global Industries Conference 0 Dave Anderson, Senior Vice President and CFO Forward Looking Statements This report contains forward-looking statements within the meaning of

More information

Second Quarter 2015 Investor Conference Call

Second Quarter 2015 Investor Conference Call Second Quarter 2015 Investor Conference Call August 20, 2015 December 13, 2012 DRAFT 5 Safe Harbor Basis of Presentation Unless otherwise noted or unless the context otherwise requires, all references

More information

FY2010 Results Presentation. 23 March 2011

FY2010 Results Presentation. 23 March 2011 FY2010 Results Presentation 23 March 2011 Disclaimer This document is of a purely informative nature and does not constitute an offer to sell, exchange or buy, or the solicitation of an offer to buy, securities

More information

Colliers International Group Inc. Investor Presentation

Colliers International Group Inc. Investor Presentation Colliers International Group Inc. Investor Presentation Basis of Presentation All amounts in millions of US Dollars unless otherwise noted. Adjusted EBITDA ( AEBITDA ) and Adjusted EPS ( AEPS ) are non-gaap

More information

FIRST QUARTER REPORT 2008-04-25

FIRST QUARTER REPORT 2008-04-25 FIRST QUARTER REPORT This presentation contains forward looking statements. Such statements are based on our current expectations and are subject to certain risks and uncertainties that could negatively

More information

Contents. to our shareholders. consolidated interim financial statements. consolidated interim management. further information

Contents. to our shareholders. consolidated interim financial statements. consolidated interim management. further information First Quarter Report January March 2013 Contents 2 Contents 1 to our shareholders Letter to Shareholders p. 4 Key Figures p. 6 HUGO BOSS on the Capital Market p. 7 2 consolidated interim management report

More information

K+S Group FY/Q4 2014 Analyst conference. 12 March 2015, Frankfurt am Main. Norbert Steiner, CEO Dr. Burkhard Lohr, CFO

K+S Group FY/Q4 2014 Analyst conference. 12 March 2015, Frankfurt am Main. Norbert Steiner, CEO Dr. Burkhard Lohr, CFO Experience growth. FY/Q4 2014 Analyst conference 12 March 2015, Frankfurt am Main Norbert Steiner, CEO Dr. Burkhard Lohr, CFO Agenda A. FY 2014 Financials B. Projects and initiatives C. Q4 Financials D.

More information

Halbjahresfinanzbericht 2013 contents

Halbjahresfinanzbericht 2013 contents Halbjahresfinanzbericht 2013 contents 1 CONTENTS 1 TO OUR SHAREHOLDERS Letter to Shareholders p. 4 Key Figures p. 6 HUGO BOSS on the Capital Market p. 7 2 CONSOLIDATED INTERIM MANAGEMENT REPORT General

More information

Halbjahresfinanzbericht 2013 contents

Halbjahresfinanzbericht 2013 contents Halbjahresfinanzbericht 2013 contents 1 CONTENTS 1 TO OUR SHAREHOLDERS Letter to Shareholders p. 4 Key Figures p. 6 HUGO BOSS on the Capital Market p. 7 2 CONSOLIDATED INTERIM MANAGEMENT REPORT General

More information

Nokia Conference Call Third Quarter 2004 Financial Results. Jorma Ollila Chairman and CEO Rick Simonson Senior Vice President and CFO

Nokia Conference Call Third Quarter 2004 Financial Results. Jorma Ollila Chairman and CEO Rick Simonson Senior Vice President and CFO Nokia Conference Call Third Quarter 2004 Financial Results Jorma Ollila Chairman and CEO Rick Simonson Senior Vice President and CFO Ulla James Vice President, Investor Relations October 14, 2004 15.00

More information

Full Year Results 2014

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

More information

Reed Elsevier Results 2013 Erik Engstrom, CEO Duncan Palmer, CFO

Reed Elsevier Results 2013 Erik Engstrom, CEO Duncan Palmer, CFO Reed Elsevier Results Erik Engstrom, CEO Duncan Palmer, CFO FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements within the meaning of Section 27A of the US Securities Act of

More information

Half year results 2011

Half year results 2011 Half year results 2011 29 July 2011 Bert De Graeve, Chief Executive Officer Bruno Humblet, Chief Financial Officer Address by Bert De Graeve, Chief Executive Officer Introductory remark The consolidated

More information

2013 Half Year Results

2013 Half Year Results 2013 Half Year Results Erwin Stoller, Executive Chairman Joris Gröflin, Chief Financial Officer Agenda 1. Introduction and summary of first half year 2013 2. Financial results first half year 2013 3. Outlook

More information

An attractive business model with a high return on capital

An attractive business model with a high return on capital KONE CMD 2015 An attractive business model with a high return on capital Eriikka Söderström, CFO Agenda Global position in a life cycle business Strong order book combined with recurring revenues Flexible

More information

4 th Quarter 2011 Earnings Results

4 th Quarter 2011 Earnings Results 4 th Quarter 2011 Earnings Results Fran Shammo Chief Financial Officer January 24, 2012 Safe Harbor Statement NOTE: This presentation contains statements about expected future events and financial results

More information

Company Presentation VTG AG Connecting worlds. Analyst Conference April 14, 2015

Company Presentation VTG AG Connecting worlds. Analyst Conference April 14, 2015 Company Presentation VTG AG Connecting worlds Analyst Conference April 14, 2015 Table of content 1 Highlights 2014 2 Performance & Financials 2014 3 Update on Strategy 4 Outlook 2015 5 Appendix 1 Executive

More information

PIERRE JEAN SIVIGNON FINANCIAL. Deputy Chief Executive Officer, Chief Financial Officer RESULTS

PIERRE JEAN SIVIGNON FINANCIAL. Deputy Chief Executive Officer, Chief Financial Officer RESULTS FULL YEAR RESULTS FINANCIAL RESULTS PIERRE JEAN SIVIGNON Deputy Chief Executive Officer, Chief Financial Officer FURTHER PROFIT GROWTH IN 2015 Variation at (in m) 2014 2015 (1) constant exch. rates Variation

More information

Report on the nine-month period ended July 31, 2004 WKN: 330 410 ISIN: DE0003304101

Report on the nine-month period ended July 31, 2004 WKN: 330 410 ISIN: DE0003304101 GERRY WEBER International AG Report on the first nine months of 2003/2004 Report on the nine-month period ended July 31, 2004 WKN: 330 410 ISIN: DE0003304101 The GERRY WEBER share: While the stock market

More information

Schaeffler Group at a glance

Schaeffler Group at a glance Facts and figures First quarter 2016 Schaeffler Group at a glance Key figures Income statement (in millions) 2016 2015 Change Revenue 3,343 3,339 0.1 % at constant currency 2.4 % EBIT 421 434-3.0 % in

More information

FY2016 Annual Results Announcement For The Year Ended 31 March 2016

FY2016 Annual Results Announcement For The Year Ended 31 March 2016 FY2016 Annual Results Announcement For The Year Ended 31 March 2016 Highlights For the year ended 31 March (million ) 2015 2016 Change Net sales 1,177.9 1,282.7 +8.9% Gross profit 963.2 1,061.5 +10.2%

More information

Herzogenaurach, Germany, July 27, 2004 PUMA AG announces its consolidated nd

Herzogenaurach, Germany, July 27, 2004 PUMA AG announces its consolidated nd P Quarter P Half-Year For immediate release MEDIA CONTACT: INVESTOR CONTACT: U.S.A.: Lisa Beachy, Tel. +1 617 488 2945 Europe: Ulf Santjer, Tel. +49 9132 81 2489 Dieter Bock, Tel. +49 9132 81 2261 Herzogenaurach,

More information

H1 2015 RESULTS. July 30, 2015

H1 2015 RESULTS. July 30, 2015 H1 2015 RESULTS July 30, 2015 Sébastien Bazin CHAIRMAN AND CEO ACCORHOTELS H1 2015 Results 07/30/2015 2 Staying the course in a changing environment Solid H1 2015 results reflecting transformation Strong

More information

Mizuno Corporation The 100 th Period (Year ending March 31, 2013)

Mizuno Corporation The 100 th Period (Year ending March 31, 2013) Mizuno Corporation The 100 th Period (Year ending March 31, 2013) 2 nd Quarter Financial Report Nov. 9, 2012 This report includes forecasts based on our assumptions, outlook and plans for the future as

More information

Teknosa İç ve Dış Ticaret A.Ş. 1Q14 Results

Teknosa İç ve Dış Ticaret A.Ş. 1Q14 Results Investor Presentation Teknosa İç ve Dış Ticaret A.Ş. 1Q14 Results «Leader of A Growing Market» Korhan Bilek, CFO Erman Tütüncüoğlu, Head of IR May 5, 2014 Investment Theme 1 Strong Leadership Having the

More information

FURTHER PROFIT GROWTH IN FIRST-HALF 2015

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,

More information

H1 2015 RESULTS INVESTOR PRESENTATION

H1 2015 RESULTS INVESTOR PRESENTATION Transforming MLB into a growing solutions led business with higher quality earnings (ASX : MLB) H1 2015 RESULTS INVESTOR PRESENTATION TABLE OF CONTENTS VISION AND STRATEGY H1 2015 FINANCIALS OPERATIONAL

More information

DEUTSCHE TELEKOM Q3/14 Results

DEUTSCHE TELEKOM Q3/14 Results DEUTSCHE TELEKOM Results DISCLAIMER This presentation contains forward-looking statements that reflect the current views of Deutsche Telekom management with respect to future events. These forwardlooking

More information

2015 FULL YEAR & FOURTH QUARTER FINANCIAL RESULTS

2015 FULL YEAR & FOURTH QUARTER FINANCIAL RESULTS Kellogg Company 2015 FULL YEAR & FOURTH QUARTER FINANCIAL RESULTS Forward Looking Statements This presentation contains, or incorporates by reference, forward looking statements with projections concerning,

More information

Strong free cash flow

Strong free cash flow Strong free cash flow Financial Highlights Q3 2016 covestro.com Forward-looking statements This presentation may contain forward-looking statements based on current assumptions and forecasts made by Covestro

More information

Europe: Growth of +7.8% in Recurring Operating Income France: New half of improved profitability

Europe: Growth of +7.8% in Recurring Operating Income France: New half of improved profitability 2014 FIRST HALF RESULTS: CONTINUED GROWTH Organic sales growth of 4.3% Increase in Recurring Operating Income of +13.8% Strong increase in adjusted net income, Group share of +16.7% Strong profit growth

More information

2015 Results and Prospects

2015 Results and Prospects PRESS RELEASE Paris, 23 March 2016 2015 Results and Prospects Revenues: 2,579.3 million, up 3.2% EBITDA: 342.0 million, an operating margin of 13.3% 2016 Objectives: revenues close to 3 billion and an

More information

Investor day March 10 th, 2010

Investor day March 10 th, 2010 nvestor day March 10 th, 2010 Towards best-in-class ROCE Robert Charvier, CFO March 10 th, 2010 Agenda 1 2 3 4 Growth A breakeven point significantly lowered The financial strategic levers 2013 financial

More information

Earnings Release Q1 FY 2016 October 1 to December 31, 2015

Earnings Release Q1 FY 2016 October 1 to December 31, 2015 Munich, Germany, January 25, 2016 Earnings Release FY 2016 October 1 to December 31, 2015 Strong start into the fiscal year earnings outlook raised»we delivered a strong quarter and are well underway in

More information

Interim Financial Report 9M/2015

Interim Financial Report 9M/2015 Interim Financial Report 9M/2015 Investor & Analyst Conference Call 5 November 2015 Investor Relations Agenda. 1. Financials 9M/2015 2. Outlook Page 2 SGL Group Investor Relations 05 November 2015 Performance

More information

Value creation. Coloplast Capital Market Day 2014 Lene Skole, CFO. Page 1

Value creation. Coloplast Capital Market Day 2014 Lene Skole, CFO. Page 1 Value creation Coloplast Capital Market Day 214 Lene Skole, CFO Page 1 Today we announce our new long-term guidance Revenue growth - annual organic - EBIT margin - annual expansion - 7 1%.5 1.% Page 2

More information

HORNBACH Baumarkt AG Group Q3/9M 2016/2017

HORNBACH Baumarkt AG Group Q3/9M 2016/2017 HORNBACH Baumarkt AG Group Q3/9M 2016/2017 Quarterly Statement as of November 30, 2016 2 HORNBACH BAUMARKT AG GROUP QUARTERLY STATEMENT: 3 RD QUARTER OF 2016/2017 HORNBACH BAUMARKT AG GROUP Statement on

More information

Contents. General overview Key Economic figures Main Economic trends Financial services sector Economic Outlook...

Contents. General overview Key Economic figures Main Economic trends Financial services sector Economic Outlook... Contents General overview... 3 Key Economic figures... 5 Main Economic trends... 6 Financial services sector... 11 Economic Outlook... 15 General overview The financial and economic crisis called for the

More information

HUGO BOSS Investor Meeting Presentation

HUGO BOSS Investor Meeting Presentation HUGO BOSS Investor Meeting Presentation January 2013 HUGO BOSS Investor Meeting Presentation HUGO BOSS January 2013 2 / 67 Agenda Group medium-term strategy American strategy update Financial strategy

More information

BMW Motorrad delivered more than 47,000 motorcycles from April to June its highest-ever quarterly figures.

BMW Motorrad delivered more than 47,000 motorcycles from April to June its highest-ever quarterly figures. Media Information - Check against delivery - Statement Dr. Friedrich Eichiner Member of the Board of Management of BMW AG, Finance Conference Call Interim Report to 30 June 2015, 10:00 a.m. Ladies and

More information

CONFERENCE CALL RESULTS JANUARY SEPTEMBER 2015

CONFERENCE CALL RESULTS JANUARY SEPTEMBER 2015 WELCOME DÜRR AKTIENGESELLSCHAFT CONFERENCE CALL RESULTS JANUARY SEPTEMBER 2015 Ralf W. Dieter, CEO Ralph Heuwing, CFO Bietigheim-Bissingen, November 3, 2015 www.durr.com DISCLAIMER This presentation has

More information

Earnings Release Q3 FY 2015 April 1 to June 30, 2015

Earnings Release Q3 FY 2015 April 1 to June 30, 2015 Munich, Germany, July 30, 2015 Earnings Release FY 2015 April 1 to June 30, 2015 Solid performance, softening market environment»overall our businesses delivered solid underlying profitability despite

More information

MEDIA RELEASE SIKA WITH STRONG GROWTH IN EMERGING MARKETS

MEDIA RELEASE SIKA WITH STRONG GROWTH IN EMERGING MARKETS DATUM 1 / 6 Zugerstrasse 50 6341 Baar, Switzerland www.sika.com CONTACT TELEPHONE E MAIL Dominik Slappnig Corporate Communications & Investor Relations +41 58 436 68 21 slappnig.dominik@ch.sika.com SIKA

More information

IFGL REFRACTORIES LTD. RESULT UPDATE PRESENTATION, February 2016

IFGL REFRACTORIES LTD. RESULT UPDATE PRESENTATION, February 2016 IFGL REFRACTORIES LTD RESULT UPDATE PRESENTATION, February 2016 Safe Harbor This presentation and the accompanying slides (the Presentation ), has been prepared by IFGL Refractories Limited (the Company

More information

Health Care Worldwide. Citi - European Credit Conference September 24, 2015 - London

Health Care Worldwide. Citi - European Credit Conference September 24, 2015 - London Health Care Worldwide Citi - European Credit Conference September 24, 2015 - London Safe Harbor Statement This presentation contains forward-looking statements that are subject to various risks and uncertainties.

More information

Annual Press Conference 2015. 18 March 2015

Annual Press Conference 2015. 18 March 2015 Annual Press Conference 2015 18 March 2015 AGENDA Annual Press Conference 2015 Topic Speaker Time 1. Welcome Hubertus Spethmann 10.00 am 2. 2014 at a glance 2.1. Highlights Steven Holland 2.2. Financial

More information

WE ARE. SHOWROOMPRIVE.com FY2015 RESULTS February, 16 th 2016

WE ARE. SHOWROOMPRIVE.com FY2015 RESULTS February, 16 th 2016 WE ARE SHOWROOMPRIVE.com FY2015 RESULTS February, 16 th 2016 I BUSINESS UPDATE AND 2015 RESULTS HIGHLIGHTS 2015: A YEAR FULL OF ACHIEVEMENTS A STRONG AND PROFITABLE GROWTH 443m net sales and 24m EBITDA

More information

Q1 2016 Results Conference Call

Q1 2016 Results Conference Call Q1 2016 Results Conference Call Karim Bohn, CFO 10 May 2016 PATRIZIA Immobilien AG PATRIZIA Bürohaus Fuggerstrasse 26 86150 Augsburg T +49 821 50910-000 F +49 821 50910-999 immobilien@patrizia.ag www.patrizia.ag

More information

BasWare Corporation. Ilkka Sihvo, CEO OMX Nordic Investment Meeting September 20, 2005

BasWare Corporation. Ilkka Sihvo, CEO OMX Nordic Investment Meeting September 20, 2005 BasWare Corporation Ilkka Sihvo, CEO OMX Nordic Investment Meeting September 20, 2005 1 In Brief Strategy Rapid profitable growth, as a result of Product leadership Global expansion Customer value Products

More information

Interim report April-June 2003

Interim report April-June 2003 Interim report April-June 2003 Pre-tax profit for the second quarter amounted to SEK -34m, which is a SEK 30m improvement compared to last year (SEK -64m). Software revenue grew by 5% during the second

More information

CONFERENCE CALL RESULTS JANUARY JUNE 2015

CONFERENCE CALL RESULTS JANUARY JUNE 2015 WELCOME DÜRR AKTIENGESELLSCHAFT CONFERENCE CALL RESULTS JANUARY JUNE 2015 Ralf W. Dieter, CEO Ralph Heuwing, CFO Bietigheim-Bissingen, August 6, 2015 www.durr.com DISCLAIMER This presentation has been

More information

Full-year results 2014. December 02, 2014

Full-year results 2014. December 02, 2014 Full-year results 2014 December 02, 2014 Disclaimer Stabilus S.A. (the Company, later Stabilus ) has prepared this presentation solely for your information. It should not be treated as giving investment

More information

Financial Results Q1 2014. Jacques Purnode, Chief Finance Officer

Financial Results Q1 2014. Jacques Purnode, Chief Finance Officer Financial Results 2014 Jacques Purnode, Chief Finance Officer Forward Looking Statements This Presentation may include forward-looking statements. Forward-looking statements are statements regarding or

More information

4Q Fornebu, February 12, 2016 Luis Araujo and Svein Stoknes

4Q Fornebu, February 12, 2016 Luis Araujo and Svein Stoknes 4Q 2015 Fornebu, February 12, 2016 Luis Araujo and Svein Stoknes Agenda 4Q 2015 Introduction Luis Araujo Chief Executive Officer Financials Svein Stoknes Chief Financial Officer Q&A Session Fourth-Quarter

More information

Financial ratios can be classified according to the information they provide. The following types of ratios frequently are used:

Financial ratios can be classified according to the information they provide. The following types of ratios frequently are used: Financial Ratios Financial ratios are useful indicators of a firm's performance and financial situation. Most ratios can be calculated from information provided by the financial statements. Financial ratios

More information

For the year ended: 31 Mar 31 Mar (million ) 2011 2012 Change Net sales. 772.3 913.4 +18.3% Gross profit 637.0 755.5 +18.6%

For the year ended: 31 Mar 31 Mar (million ) 2011 2012 Change Net sales. 772.3 913.4 +18.3% Gross profit 637.0 755.5 +18.6% Results highlights For the year ended: 31 Mar 31 Mar (million ) 2011 2012 Change Net sales 772.3 913.4 +18.3% Gross profit 637.0 755.5 +18.6% % of Net sales 82.5% 82.7% +0.2 pp Operating profit 132.1 152.3

More information

Health Care Worldwide

Health Care Worldwide Health Care Worldwide Goldman Sachs - Leveraged Finance Healthcare Conference March 4, 2014 New York Goldman Sachs Leveraged Finance Conference, Fresenius SE & Co. KGaA Copyright, March 4, 2014 Page 1

More information