A Leading Investment Company In Latin America and 4Q12 Earnings Conference Call

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "A Leading Investment Company In Latin America and 4Q12 Earnings Conference Call"

Transcription

1 A Leading Investment Company In Latin America 2012 and 4Q12 Earnings Conference Call March 28 th, 2013

2 Disclaimer GP Investments presents its private equity results excluding non-controlling interests to reflect the participation of GP Investments as a Limited Partner in the funds it manages and the fees received from the Private Equity and Asset Management businesses, as a general partner and shareholder, respectively. They are management figures and, therefore, not audited. The complete financial statements which include minority interests and are reviewed by our independent auditors are presented in the 4Q12 earnings release. These financial statements are in US GAAP standards and are being released simultaneously in all jurisdictions in which GP Investments has its securities traded. In compliance with the Brazilian Securities and Exchange Commission (Comissão de Valores Mobiliários), the issuer releases financial statements in IFRS standards which may differ from these financial statements, due to different grounds of such accounting standard. Earnings Release 4Q12 Conference Call GP Investments 1

3 Agenda Highlights Portfolio Development Publicly-Traded Companies Privately-Held Companies Business Development (GP Investments) Financial Highlights Subsequent Events in Portfolio Companies Earnings Release 4Q12 Conference Call GP Investments 2

4 2012 Highlights The year was marked by important accomplishments. Divestments BR Properties: 2.1x cash on cash, equivalent to 22% IRR in US$ Fogo de Chão: 3.5x cash on cash, equivalent to 25% IRR in US$ EBAM: Acquisition of a solid platform to consolidate the Brazilian aggregates sector Investments BR Towers: Creation of a leading player in the tower management segment Centauro: Undisputed leader in the sporting goods retail Development of New Verticals Real Estate: First Real Estate fund totalling R$250 million of commitment Infrastructure: Dedicated team in place to invest in infrastructure related projects Earnings Release 4Q12 Conference Call GP Investments 3

5 Highlights Portfolio Development Publicly-Traded Companies Privately-Held Companies Business Development (GP Investments) Financial Highlights Subsequent Events in Portfolio Companies Earnings Release 4Q12 Conference Call GP Investments 4

6 Portfolio Companies (Consolidated Performance) Current portfolio companies are delivering high top line growth with margin expansion. Net Revenues * R$ million EBITDA * R$ million +12% 12, % 1,269 10,701 1, * For analytical purposes, the figures do not include BR Properties, Fogo de Chão, EBAM and BR Towers. Earnings Release 4Q12 Conference Call GP Investments 5

7 Highlights Portfolio Development Publicly-Traded Companies Privately-Held Companies Business Development (GP Investments) Financial Highlights Subsequent Events in Portfolio Companies Earnings Release 4Q12 Conference Call GP Investments 6

8 Portfolio Development (Publicly-Traded Companies) Student base grew by 13.5% during the year achieving 271,500 students Net revenues rose 20.5%, reaching R$1.4 billion, with EBITDA margin of 15.2% (+4.5 pp) Market cap increased by 134%, closing the gap with the main competitors 6% net revenues growth, in spite of the challenging market conditions (mainly in Europe) Completion of Brumado expansion, increasing sinter production to 240K ton per year and turning Magnesita self sufficient in this mineral Strategic planning: Expansion of refractory business and development of mineral resources BHG closed 2012 with 8,691 rooms, which represent an annual increase of 19% since 2009 Consolidated EBITDA of R$61.1 million in 2012, representing 3.6 pp of margin expansion BHG announced a follow on offering to boost future growth Net revenues achieved R$893.7 million. Outstanding growth of 22.7% driven by new contracts and sales efforts in Home Care, Assistance and Dental Units Earnings Release 4Q12 Conference Call GP Investments 7

9 Highlights Portfolio Development Publicly-Traded Companies Privately-Held Companies Business Development (GP Investments) Financial Highlights Subsequent Events in Portfolio Companies Earnings Release 4Q12 Conference Call GP Investments 8

10 Sascar Sascar delivered strong cash generation in Net Revenues (R$ million) EBITDA (R$ million) Margin % % 30% % 66 32% 37% 40% 30% 20% % % EBITDA Margin Operational Capex (R$ million) EBITDA Operational Capex (R$ million) (5) Source: Company s presentation. Earnings Release 4Q12 Conference Call GP Investments 9

11 Centauro Centauro reported strong growth and remarkable margin gain. Upon the investment the company improved its capital structure to boost expansion. Main Financials: (In R$ million) Net Revenues EBITDA 2012 Highlights: 232 stores in 2012 (23 store openings); R$1.5 billion of Net Revenues (20.6% growth); 1, % 1,498 Same stores sales growth of 7.1%; R$180.4 million of EBITDA (12% margin); +76% 180 Net Debt at R$523 million (2.9x EBITDA) Net Debt % Earnings Release 4Q12 Conference Call GP Investments 10

12 San Antonio San Antonio posted US$160.7 million of EBITDA, representing 26% growth against Net Revenues (US$ MM) EBITDA (US$ MM) +11% 1,410 1, % 161 1,211 1, Earnings Release 4Q12 Conference Call GP Investments 11

13 Portfolio Development (Privately-Held Companies) Experienced management team in place: CEO: Mauricio Giusti (formerly Telefonica), COO: Antonio Parrini (formerly GVT and Oi), CFO: Sandro Reiss Acquisition of Sitesharing in February (350 sites including built-to-suit projects) Allis divested its facilities management business for R$40 million (10x EBITDA) Focus on more profitable divisions: promotions and temporaries EBITDA grew from R$0.2 million in 2011 to R$22.8 million in 2012 All time low margins for the Brazilian dairy sector in LBR s EBITDA was R$(26) million Judicial Recovery ( Chapter 11 ) in February 2013 to renegotiate exclusively with the banks New management team in place to execute company s turnaround process 80% markdown in the Fair Market Value Earnings Release 4Q12 Conference Call GP Investments 12

14 Highlights Portfolio Development Publicly-Traded Companies Privately-Held Companies Business Development (GP Investments) Financial Highlights Subsequent Events in Portfolio Companies Earnings Release 4Q12 Conference Call GP Investments 13

15 BRZ Investimentos BRZ increased its Assets Under Management by R$1.1 billion in Fundraising is keeping the momentum in Assets Under Management Developments (In R$ billion) FIP Portos (Infra): R$700 million from local pension funds; Long and Short / Long Only: R$200 million from individual investors; +35% Fixed Income: R$120 million from a large pension fund; Long Only: R$100 million from a large pension fund; 3.3 Fixed Income: R$120 million from smaller pension funds; Arbitrage: R$30 million from individual investors; Divestment of POIT (a company from Logística Brasil FIP): R$40 million invested and R$108 million returned, achieving a cash-on-cash of 2.8x and an IRR of 21.2%; At the end of February 2013 AUM was approximately R$4.5 billion; Also, in 2013, BRZ has already been hired to manage two funds for institutional clients that will bring an extra R$ 210 million in AUM throughout the year; Earnings Release 4Q12 Conference Call GP Investments 14

16 Office Mixed Use Logistics Residential Real Estate First Real Estate Fund was closed with R$250 million commitment. The team invested in 13 projects corresponding to R$1.2 billion of Potential Sales Value and 53% of the fund commitment. Set Brooklin Igloo Santos Vista 26 Ipiranga Residential - São Paulo Launch: Oct-11 Committed Capital: R$4 million %of Units Sold: 56% Residential - Santos Launch: Feb-12 Committed Capital: R$6 million %of Units Sold: 83% Residential - Campinas Launch: Sep-12 Committed Capital: R$15 million %of Units Sold: 66% Residential - São Paulo Launch: Oct-12 Committed Capital: R$11 million % of Units Sold: 43% Metropolitan Ayrton Senna Taguatinga Gaia Mixed Use - Goiânia Launch: Nov-11 Committed Capital: R$4 million %of Units Sold: 93% Mixed Use - Rio de Janeiro Launch: May-13 Committed Capital: R$29 million Mixed Use - Taguatinga Launch: Sep-13 Committed Capital: R$9 million Logistics - Jarinu Delivery: Feb-12 Committed Capital: R$19 million Paulista Sorocaba Casa do Ator Jaceru Candelária Office - São Paulo Launch : May-12 Committed Capital: R$18 million % of Units Sold: 19% Office - Sorocaba Launch : Dec-12 Committed Capital: R$8 million % of Units Sold: 78% Office - São Paulo Launch: Jan-13 Committed Capital: R$7 million Office - São Paulo Launch : Jul-13 Committed Capital: R$11 million Office - Rio de Janeiro Launch: Dec-13 Committed Capital: R$12 million Note: Data as of December, 2012, except for % of Units Sold, as of February, Earnings Release 4Q12 Conference Call GP Investments 15

17 Highlights Portfolio Development Publicly-Traded Companies Privately-Held Companies Business Development (GP Investments) Financial Highlights Subsequent Events in Portfolio Companies Earnings Release 4Q12 Conference Call GP Investments 16

18 Fair Market Value Mark down of LBR was fully compensated by the strong performance of our listed companies coupled with the upward revision of Sascar and Allis. Challenging environment in the brazilian dairy industry. US$(58.8) million (a) Margins hit all time lows in 2012: 4% increase in milk supply and 13% growth in imports. 80% markdown to reflect a longer and more complex turnaround. Since the acquisition, Sascar dramatically improved EBITDA and cash generation. US$9.3 million (b) EBITDA in 2012 achieved R$84 MM compared to R$66 MM in % upward revision to reflect higher profitably and increase in cash generation. Liquidity was significantly improved upon the divestment of Top Service at 10x EBITDA. US$1.1 million (c) Better performance in 2012 as the company signed large and profitable contracts. 7% upward revision to reflect increase in on-going EBITDA and better capital structure. (In US$ million) Var. 4Q12 Var Fair Market Value (Change) Estácio+Magnesita+BHG+Tempo Private Companies (a+b+c) Foreign Exchange $ 16.8 $ (48.4) $ 2.9 $ 63.8 $ (48.4) $ (15.3) Total $ (28.7) $ 0.1 Earnings Release 4Q12 Conference Call GP Investments 17

19 NAV Change Breakdown (2012) In 2012, GP Investments successfuly divested two mature companies, adjusted the fair market value of LBR and increased the stake of high growth companies in our NAV. NAV Change Breakdown FMV Change: US$0.1 M BR Properties $ (65) Fogo de Chão $ (55) (48.4) (15.3) (5.1) Estácio $ 47 Magnesita $ 18 BHG $ 5 Tempo $ (6) LBR $ (59) Sascar $ 9 Allis $ 1 (120.3) Real Estate $ 20 EBAM $ 15 Br Towers $ 38 Centauro $ 61 NAV4Q11 Mark-to-Market Effect of Public Companies Private Companies Foreign Exchange Divestments New Investments Assets and Liabilities NAV 4Q12 Earnings Release 4Q12 Conference Call GP Investments 18

20 Revenues Revenues Breakdown Recurring Revenues* (In US$ million) Management Fees Performance Fees Net Realized Gains Dividends and other Change in FMV (105.0) % % Total Revenues (53.1) Q11 4Q BRZ Investimentos GP Investments Total revenues reached US$78.0 million in 2012, due to: US$42.6 million in management fees: 4% growth mainly driven by RE Fund and BRZ, partially offset by foreign exchange variation; US$18.9 million in performance fees: mainly driven by two successful divestments (BR Properties and Fogo de Chão) from GPCPIII; US$10.5 million in net realized gains: mainly from the sale of BR Properties and Fogo de Chão; and US$6.0 million in dividends. * Management fees Earnings Release 4Q12 Conference Call GP Investments 19

21 Expenses Expenses Breakdown Operating Expenses (In US$ million) Operating Expenses % % G&A Expenses Payroll Bonus Expenses Carried Interest Stock Options Total Expenses Q11 4Q Total expenses reached US$71.0 million in 2012, due to: US$41.9 million in operating expenses, representing 4% increase due to consulting expenses and services related to the investment activity; US$23.1 million in bonus expenses and carried interest, mainly related to the two divestments from Fund III; and Stock options expenses totaled US$6.0 million. Earnings Release 4Q12 Conference Call GP Investments 20

22 Income Statement GP Investments achieved US$10.1 million of Net Income mainly due to the Capital Gains from the sale of Fogo de Chão and BR Properties. INCOME STATEMENT Fund Capital Fund Capital Total (In US$ million) Management Results Management Results Management Fees Performance Fees Unrealized Change in FMV 0.0 (105.0) (105.0) Net Realized Gains / Losses Dividends and others Net Revenues 44.4 (97.5) (53.1) Operating Expenses (40.3) 0.0 (40.3) (41.9) 0.0 (41.9) Bonus Expenses (6.9) 0.0 (6.9) (18.8) 0.0 (18.8) Carried Interest (4.2) 0.0 (4.2) Expenses (47.2) 0.0 (47.2) (65.0) 0.0 (65.0) Stock Options 0.0 (4.2) (4.2) 0.0 (6.0) (6.0) Financial Income / Loss net 0.0 (16.3) (16.3) EBT (2.9) (118.1) (120.8) (3.4) Income taxes (2.6) 0.0 (2.6) (2.4) 0.0 (2.4) NET INCOME (5.4) (118.1) (123.4) (5.9) Total Earnings Release 4Q12 Conference Call GP Investments 21

23 Cash Position As of December, GP aggregate liquid position totaled US$323.8 million, remaining significantly above the outstanding commitment of US$175.0 million to GPCPV and GPRE. Cash Position and Outstanding Commitments (US$ million) (as % of cash position) % 70% 62% 73% 67% 60% % 60% 50% 40% 30% 20% 10% 4Q11 1Q12 2Q12 3Q12 4Q12 0% Cash position (US$ million) Outstanding commitments (as % of cash position) Earnings Release 4Q12 Conference Call GP Investments 22

24 Highlights Portfolio Development Publicly-Traded Companies Privately-Held Companies Business Development (GP Investments) Financial Highlights Subsequent Events in Portfolio Companies Earnings Release 4Q12 Conference Call GP Investments 23

25 Estácio: Successful Follow-on Offering Since the acquisition by GPCPIV, Estácio significantly improved its valuation and closed the gap with its listed peers On January 28th, 2013, Estácio successfully concluded a follow-on offering raising R$768.7 million of gross proceeds. From the announcement of offering until its conclusion, the stock price appreciated by 7% showing a strong market support GPCPIV was the selling shareholder on the secondary offering, reducing its stake by 23% and receiving R$127.8 million of net proceeds, equivalent to 2.1x cash on cash (17% IRR in US$) Earnings Release 4Q12 Conference Call GP Investments 24

26 BR Towers: Boosting Built-to-Suit Agenda The recent transaction with Sitesharing will reinforce BR Towers footprint Background BR Towers sites after the Deal with Sitesharing The Company: The oldest national Infrastructure Sharing Solution provider, founded in 2003 Main clients includes Oi, Vivo/Telefonica, Claro, TIM and Nextel + 2,262 Sitesharing will bring: Highly-skilled and experienced operational team, including the founder s valuable expertise The enhancement in the relationship with the main Telcos 1, Clients in built-to-suit programs (250 towers) Sitesharing will hold 15% of BR Towers BR Towers SS: Current Site+BTS Program BR Towers+SS Earnings Release 4Q12 Conference Call GP Investments 25

27 EBAM: New Capital Increase On February 27, 2013, GPCPV announced a capital increase of R$100 million in addition to the initial investment of R$64 million made in February 2012; Upon the investment, GPCPV s indirect stake in EBAM increased to 80%; During 2012, EBAM has established a strong presence in the country with an annual production capacity of over 2.5 million tonnes. VP Investimentos ( VPI ) 9.3% GPCPV 80.3% Amazônia Participações ( AMP ) 10.4% EBAM Earnings Release 4Q12 Conference Call GP Investments 26

28 Sascar: Acquisition of CargoTracck Highlights of Cargo Tracck Product Offering Target Market Size and Growth Disposable devices used on cargo recovery Cargo recovery rate of ~80% vs. Target Market: Shippers Transportation companies Cargo insurance 161% growth in net revenues from 1Q12 to 1Q13E 20-30% offered by vehicle-tracking companies Main Clients: (In R$ 000) 3,449 4,346 6,319 7,703 9,000 1Q12 2Q12 3Q12 4Q12 1Q13E Earnings Release 4Q12 Conference Call GP Investments 27

2Q12 Earnings Conference Call

2Q12 Earnings Conference Call 2Q12 Earnings Conference Call August 15 th, 2012 GP Investments presents its private equity results excluding non-controlling interests to reflect the participation of GP Investments as a Limited Partner

More information

GP in the real estate market

GP in the real estate market GP in the real estate market GP Investments unique accumulated experience in different segments of the real estate industry gives the Company an important competitive advantage for capturing new opportunities

More information

PDG Realty raises its stake in CHL to 50%

PDG Realty raises its stake in CHL to 50% PDG Realty raises its stake in CHL to 50% Investors Relations: Michel Wurman Investors Relations Director João Mallet Investors Relations Manager Telephone: (21) 3804 3800 E-mail: ri@pdgrealty.com.br Website:

More information

DATA GROUP LTD. ANNOUNCES FIRST QUARTER RESULTS FOR 2014

DATA GROUP LTD. ANNOUNCES FIRST QUARTER RESULTS FOR 2014 For Immediate Release DATA GROUP LTD. ANNOUNCES FIRST QUARTER RESULTS FOR 2014 HIGHLIGHTS Q1 2014 First quarter 2014 ( Q1 ) Revenues of 77.9 million, Q1 Gross Profit of 18.8 million and Q1 Net Income of

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

FINANCIAL RESULTS Q2 2015

FINANCIAL RESULTS Q2 2015 FINANCIAL RESULTS Q2 2015 CEO CHRISTIAN RYNNING-TØNNESEN CFO HALLVARD GRANHEIM 23 July 2015 Highlights Solid underlying results (EBITDA) - Lower Nordic prices offset by increased production and contribution

More information

DATA GROUP INC. ANNOUNCES FULL YEAR AND FOURTH QUARTER RESULTS FOR 2012

DATA GROUP INC. ANNOUNCES FULL YEAR AND FOURTH QUARTER RESULTS FOR 2012 For Immediate Release HIGHLIGHTS DATA GROUP INC. ANNOUNCES FULL YEAR AND FOURTH QUARTER RESULTS FOR 2012 Full Year 2012 Revenues of 336.3 million, Gross Profit of 87.2 million, and Net Loss of 37.1 million

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

AGENDA: Highlights Operational Performance Stock Market Business Strategy and Outlook

AGENDA: Highlights Operational Performance Stock Market Business Strategy and Outlook 0 Disclaimer This presentation contains forward-looking statements relating to the prospects of the business, estimates for operating and financial results, and those related to Cia. Hering's growth prospects.

More information

1Q06 Earnings Results Conference Call

1Q06 Earnings Results Conference Call 1Q06 Earnings Results Conference Call 0 Forward Looking Statements Notice Information and Outlook The material shown is a presentation of general information about Rossi Residencial S.A. s record until

More information

Acquisiton of. 2008 Brasil Brokers Todos os Direitos Reservados

Acquisiton of. 2008 Brasil Brokers Todos os Direitos Reservados Acquisiton of 2008 Brasil Brokers Todos os Direitos Reservados Acquisition of ABYARA BROKERS Acquisition of 51% of Abyara Brokers, with purchase option of the other 49% to be exercised in the next 3 years;

More information

Second Half and Full Year 2011/2012 Consolidated Results

Second Half and Full Year 2011/2012 Consolidated Results Second Half and Full Year 2011/2012 Consolidated Results Unaudited preliminary data Ongoing audit process Approved by the Board of Directors on May 8, 2012 Actual Current Operating Income (COI) in line

More information

Cosan S/A 3Q16 EARNINGS PRESENTATION. November 10, 2016

Cosan S/A 3Q16 EARNINGS PRESENTATION. November 10, 2016 Cosan S/A EARNINGS PRESENTATION November 10, 2016 EARNINGS PRESENTATION 2 DISCLAIMER This presentation contains estimates and forward-looking statements regarding our strategy and opportunities for future

More information

Understanding Financial Information for Bankruptcy Lawyers Understanding Financial Statements

Understanding Financial Information for Bankruptcy Lawyers Understanding Financial Statements Understanding Financial Information for Bankruptcy Lawyers Understanding Financial Statements In the United States, businesses generally present financial information in the form of financial statements

More information

151 S. El Camino Drive Beverly Hills, CA 90212

151 S. El Camino Drive  Beverly Hills, CA 90212 Contact: Daven Bhavsar Director of Investor Relations (310) 887-3431 dbhavsar@kennedywilson.com 151 S. El Camino Drive www.kennedywilson.com Beverly Hills, CA 90212 NEWS RELEASE KENNEDY WILSON REPORTS

More information

DATA GROUP LTD. ANNOUNCES SECOND QUARTER FINANCIAL RESULTS FOR 2015

DATA GROUP LTD. ANNOUNCES SECOND QUARTER FINANCIAL RESULTS FOR 2015 For Immediate Release DATA GROUP LTD. ANNOUNCES SECOND QUARTER FINANCIAL RESULTS FOR 2015 SECOND QUARTER HIGHLIGHTS Second quarter 2015 ( Q2 ) Revenues of $73.4 million, a decrease of 4.3% year over year

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

Investor presentation. February, 2016

Investor presentation. February, 2016 Investor presentation February, 2016 Agenda Introduction Market overview Axactor strategy Financials & Structure Q415 & YTD16 Highlights Appendix (financial information) 16.02.2016 2 Investment summary

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

HSBC BANK CANADA FIRST QUARTER 2014 RESULTS

HSBC BANK CANADA FIRST QUARTER 2014 RESULTS 7 May 2014 HSBC BANK CANADA FIRST QUARTER 2014 RESULTS Profit before income tax expense for the quarter ended 2014 was C$233m, a decrease of 13.4% compared with the same period in and broadly unchanged

More information

Office Depot Announces First Quarter 2012 Results. May 1, :02 AM ET

Office Depot Announces First Quarter 2012 Results. May 1, :02 AM ET Office Depot Announces First Quarter 2012 Results May 1, 2012 7:02 AM ET BOCA RATON, Fla., May 01, 2012 (BUSINESS WIRE) --Office Depot, Inc. (NYSE: ODP), a leading global provider of office supplies and

More information

Hi-Media: Recovery in advertising business and significant increase in profitability after the downturn observed in H2 2012

Hi-Media: Recovery in advertising business and significant increase in profitability after the downturn observed in H2 2012 Hi-Media: Recovery in advertising business and significant increase in profitability after the downturn observed in H2 2012 Return to growth in advertising thanks to the success of new advertising solutions

More information

Now, I will turn the conference over to the CEO, Mr. Carbonari, who will begin the presentation. Mr. Carbonari, you may begin your conference.

Now, I will turn the conference over to the CEO, Mr. Carbonari, who will begin the presentation. Mr. Carbonari, you may begin your conference. Operator: Good morning, ladies and gentlemen. At this time we would like to welcome everyone to Anhanguera Educacional s 1Q07 results conference call. Today with us we have Mr. Antonio Carbonari, CEO;

More information

Earnings Release. Investor Relations HIGHLIGHTS. Brasil Insurance discloses its 4Q10 results

Earnings Release. Investor Relations HIGHLIGHTS. Brasil Insurance discloses its 4Q10 results Investor Relations Bruno Padilha de Lima Costa Investor Relations Officer (55 21) 3433-5060 ri@brasilinsurance.com.br 4Q10 Earnings Conference Call Thursday, March 31, 2010 Portuguese 10:00 a.m. (BR);

More information

3Q11. Insurance premiums grow 9.6% to R$2.4 billion in 3Q11. Highlights. Conference Calls and Webcasts:

3Q11. Insurance premiums grow 9.6% to R$2.4 billion in 3Q11. Highlights. Conference Calls and Webcasts: 3Q11 Rio de Janeiro, November 3 rd, 2011 - SulAmérica S.A. (BM&FBovespa: SULA11), the largest independent insurance group in Brazil, presents its results for the third quarter of 2011 (3Q11). The Company

More information

ITRON, INC. CONSOLIDATED STATEMENTS OF OPERATIONS

ITRON, INC. CONSOLIDATED STATEMENTS OF OPERATIONS , INC. CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited, in thousands, except per share data) Revenues $ 497,590 $ 446,746 Cost of revenues 334,387 308,324 Gross profit 163,203 138,422 Operating expenses

More information

Disclosure of 1Q15 Results

Disclosure of 1Q15 Results Disclosure of 1Q15 Results Investor Relations Presentation: José Rubens de la Rosa CEO José Antonio Valiati CFO & Investor Relations Officer Thiago Deiro Finance & Investor Relations Manager Caxias do

More information

Manulife Financial Corporation

Manulife Financial Corporation Manulife Financial Corporation Management s Discussion and Analysis For the three and six months ended June 30, 2016 MANAGEMENT S DISCUSSION AND ANALYSIS This Management s Discussion and Analysis ( MD&A

More information

JBS reports R$3.6 billion in EBITDA and net revenue of R$38.9 billion in 2Q15

JBS reports R$3.6 billion in EBITDA and net revenue of R$38.9 billion in 2Q15 JBS S.A. (BVM&FBOVESPA: JBSS3; OTCQX: JBSAY) São Paulo, August 13 th, 2015 JBS reports R$3.6 billion in EBITDA and net revenue of R$38.9 billion in JBS S.A. announces results for its second quarter 2015

More information

Logista Q Results. February 9, 2016

Logista Q Results. February 9, 2016 Logista Q1 2016 Results February 9, 2016 Logista reports Q1 2016 Results Logista announces today its First Quarter Results for 2016. Main highlights: Revenues growing by 2.3% Good performance of Economic

More information

Urban Office and Hotel Curitiba RESULTS 1Q13. May 14, 2013

Urban Office and Hotel Curitiba RESULTS 1Q13. May 14, 2013 Urban Office and Hotel Curitiba RESULTS May 14, 2013 Duo Concept Porto Alegre Results Introduction Elie Horn Operating Results Raphael Horn Financial Results José Florêncio Rodrigues Highlights Gross Margin

More information

Report of the Executive Board. In millions of EUR 2014 2013

Report of the Executive Board. In millions of EUR 2014 2013 Review Results from operating activities Revenue 19,257 19,203 income 93 226 Raw materials, consumables and services (12,053) (12,186) Personnel expenses (3,080) (3,108) Amortisation, depreciation and

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

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

STANLEY BLACK & DECKER. Don Allan Senior Vice President & CFO Raymond James 36th Annual Institutional Investors Conference Monday, March 2, 2015

STANLEY BLACK & DECKER. Don Allan Senior Vice President & CFO Raymond James 36th Annual Institutional Investors Conference Monday, March 2, 2015 STANLEY BLACK & DECKER Don Allan Senior Vice President & CFO Monday, March 2, 2015 Cautionary Statements This presentation contains forward-looking statements, that is, statements that address future,

More information

1Q14 Earnings Conference Call

1Q14 Earnings Conference Call 1Q14 Earnings Conference Call CONSOLIDATED RESULTS ((R$ MILLlON)) 1Q13 1Q14 Chg.% NET REVENUE 267.3 300.1 12.3% ADJUSTED EBITDA¹ 50.0 56.5 13.0% ADJUSTED EBITDA MARGIN ² 17.9% 17.9% 0.0 p.p. ADJUSTED NET

More information

Weyerhaeuser Company Exhibit 99.2 Q1.2015 Analyst Package Preliminary results, subject to audit Consolidated Statement of Operations

Weyerhaeuser Company Exhibit 99.2 Q1.2015 Analyst Package Preliminary results, subject to audit Consolidated Statement of Operations Exhibit 99.2 Q1. Analyst Package Consolidated Statement of Operations Page 1 of 8 Net Sales $ 1,788 $ 1,721 $ 1,736 Cost of products sold 1,399 1,385 1,361 Gross margin 389 336 375 Selling expenses 29

More information

Year-end Report January-December 2015

Year-end Report January-December 2015 Year-end Report January-December 20 Johan Dennelind, President & CEO Q4 20 high pace towards the new TeliaSonera Started to reduce presence in region Eurasia Continued business transformation Solid development

More information

LOGO BUSINESS SOLUTIONS

LOGO BUSINESS SOLUTIONS LOGO BUSINESS SOLUTIONS Analyst Presentation for FY 2014 Gülnur Anlaş Chief Financial Officer February 16, 2015 12 1 Disclaimer This presentation contains information and analysis on financial statements

More information

Belden Reports Record Revenues in the Second Quarter 2014

Belden Reports Record Revenues in the Second Quarter 2014 July 30, 2014 Belden Reports Record Revenues in the Second Quarter 2014 ST. LOUIS--(BUSINESS WIRE)-- Belden Inc. (NYSE: BDC), a global leader in high quality, end-to-end signal transmission solutions for

More information

Q1/2015 Results VTG AG Connecting worlds. Dr. Heiko Fischer, CEO Dr. Kai Kleeberg, CFO May 21, 2015

Q1/2015 Results VTG AG Connecting worlds. Dr. Heiko Fischer, CEO Dr. Kai Kleeberg, CFO May 21, 2015 Q1/2015 Results VTG AG Connecting worlds Dr. Heiko Fischer, CEO Dr. Kai Kleeberg, CFO May 21, 2015 Table of content 1 Discussion of Q1/2015 2 Outlook FY 2015 3 Questions & Answers 4 Financial Calendar

More information

TVN GROUP RESULTS FOR THE SECOND QUARTER AND FIRST HALF OF 2015 WARSAW, AUGUST 4 TH, 2015

TVN GROUP RESULTS FOR THE SECOND QUARTER AND FIRST HALF OF 2015 WARSAW, AUGUST 4 TH, 2015 TVN GROUP RESULTS FOR THE SECOND QUARTER AND FIRST HALF OF 2015 WARSAW, AUGUST 4 TH, 2015 Disclaimer This presentation (the Presentation ) has been prepared by TVN S.A. (the Company ) solely for use by

More information

COMPANY CONTACTS: Jay S. Hennick Founder & CEO. D. Scott Patterson President & COO (416) 960-9500

COMPANY CONTACTS: Jay S. Hennick Founder & CEO. D. Scott Patterson President & COO (416) 960-9500 COMPANY CONTACTS: Jay S. Hennick Founder & CEO D. Scott Patterson President & COO John B. Friedrichsen Senior Vice President & CFO (416) 960-9500 FOR IMMEDIATE RELEASE FirstService Reports Record Fourth

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

Quarterly Financial Supplement - 1Q 2016

Quarterly Financial Supplement - 1Q 2016 Quarterly Financial Supplement - 1Q 2016 Page # Consolidated Financial Summary... 1 Consolidated Income Statement Information... 2 Consolidated Financial Information and Statistical Data... 3 Consolidated

More information

Full year and fourth quarter 2014 results 1

Full year and fourth quarter 2014 results 1 Full year and fourth quarter results 1 Luxembourg, February 12, 2015 Highlights Health and Safety frequency rate 2 of 1.1x in compared to 1.3x in 2013. Shipments of 1,813 thousand tonnes in full year,

More information

WGL Holdings, Inc. Reports Increased Second Quarter Earnings and Raises Fiscal Year 2005 Earnings Guidance

WGL Holdings, Inc. Reports Increased Second Quarter Earnings and Raises Fiscal Year 2005 Earnings Guidance WGL Holdings, Inc. Reports Increased Second Quarter Earnings and Raises Fiscal Year 2005 Earnings Guidance WASHINGTON, April 27, 2005 /PRNewswire-FirstCall via COMTEX/ -- WGL Holdings, Inc. (NYSE: WGL)

More information

Consolidated revenues in 1Q15 grew 27% compared to 1Q14, reaching COP 1.7 trillion 1.

Consolidated revenues in 1Q15 grew 27% compared to 1Q14, reaching COP 1.7 trillion 1. CEMENTOS ARGOS S.A. Results report as of March 31 st, 2015 BVC: CEMARGOS, PFCEMARGOS ADR LEVEL 1: CMTOY / ADR 144A: CMTRY - Reg-S: CMTSY EXECUTIVE SUMMARY Consolidated revenues in 1Q15 grew 27% compared

More information

SUCCESSFUL EFFORTS CONVERSION MATERIALS

SUCCESSFUL EFFORTS CONVERSION MATERIALS SUCCESSFUL EFFORTS CONVERSION MATERIALS AUGUST 2016 MANAGEMENT RATIONALE FOR CHANGE TO SUCCESSFUL EFFORTS METHOD OF ACCOUNTING Greater transparency in results of our assets Enhances operating decision

More information

Financial Results. siemens.com

Financial Results. siemens.com s Financial Results Fourth Quarter and Fiscal 2015 siemens.com Key figures (in millions of, except where otherwise stated) Volume Q4 % Change Fiscal Year % Change FY 2015 FY 2014 Actual Comp. 1 2015 2014

More information

Earnings Release 9M2015

Earnings Release 9M2015 Earnings Release 9M2015 19 November 2015 Results overview Regional segments Final remarks PAGE 3 PAGE 12 PAGE 22 Europe Africa Latin America 2 Key highlights Consolidation of EGF in the 3Q15, according

More information

Jan-December 2014 Results. Madrid, May 2015

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

More information

BlackBerry Reports 2015 Fiscal First Quarter GAAP Profitability

BlackBerry Reports 2015 Fiscal First Quarter GAAP Profitability NEWS RELEASE FOR IMMEDIATE RELEASE June 19, BlackBerry Reports 2015 Fiscal First Quarter GAAP Profitability Waterloo, ON BlackBerry Limited (NASDAQ: BBRY; TSX: BB), a global leader in mobile communications,

More information

Conference Call Transcript 3Q07 Results November 13 th, 2007

Conference Call Transcript 3Q07 Results November 13 th, 2007 Good afternoon, welcome everyone to TECNISA 3Q07 earnings conference call. Today with us we have Mr. Meyer Joseph Nigri, CEO, and Mr. Leonardo Paranaguá, CFO and Investor Relations Officer. Today s live

More information

Oppenheimer Holdings Inc. Second Quarter 2012 Earnings and Dividend Announcement

Oppenheimer Holdings Inc. Second Quarter 2012 Earnings and Dividend Announcement Oppenheimer Holdings Inc. NYSE OPY July 27, 2012 New York, NY Second Quarter 2012 Earnings and Dividend Announcement Expressed in thousands of dollars, except per share amounts (unaudited) Three Months

More information

Management s Discussion and Analysis

Management s Discussion and Analysis Management s Discussion and Analysis of Financial Conditions and Results of Operations For the quarter and six months ended June 30, 2012 All figures in US dollars This Interim Management s Discussion

More information

24.02.2015 Press release Van de Velde: annual results 2014

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

More information

CONFERENCE CALL TRANSCRIPT EZTEC (EZTC3 BZ) August 13 th, 2013

CONFERENCE CALL TRANSCRIPT EZTEC (EZTC3 BZ) August 13 th, 2013 CONFERENCE CALL TRANSCRIPT EZTEC (EZTC3 BZ) August 13 th, 2013 Good morning, ladies and gentlemen. At this time we would like to welcome everyone to EZTEC s 2Q13 results conference call. Note that this

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

Now, I will turn the conference over to Mr. Henrique Cordeiro Guerra, who will start the presentation. Mr. Henrique, you may begin the conference.

Now, I will turn the conference over to Mr. Henrique Cordeiro Guerra, who will start the presentation. Mr. Henrique, you may begin the conference. Good morning ladies and gentlemen. At this time we would like to welcome everyone to the Aliansce s 2Q15 earnings conference call. Today with us, we have Mr. Henrique Cordeiro Guerra, Executive Director,

More information

Press Release 3Q16 11/10/2016. Earnings Release 3Q16 1

Press Release 3Q16 11/10/2016. Earnings Release 3Q16 1 Press Release 3Q16 11/10/2016 Earnings Release 3Q16 1 Index 1. Financial Highlights... 4 2. Summary of results... 5 3. Gross Revenues... 6 3.1 Revenue stock breakdown... 7 3.2 Bancassurance products...

More information

Sears Holdings Second Quarter 2015 Results Pre-Recorded Conference Call Transcript August 20, 2015

Sears Holdings Second Quarter 2015 Results Pre-Recorded Conference Call Transcript August 20, 2015 Sears Holdings Second Quarter 2015 Results Pre-Recorded Conference Call Transcript August 20, 2015 Operator: Good day, ladies and gentlemen, and welcome to the Sears Holdings Corp. Q1 2015 earnings conference

More information

Tetragon Financial Group Limited ( TFG )

Tetragon Financial Group Limited ( TFG ) Tetragon Financial Group Limited ( TFG ) 12 August 2014 THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO PURCHASE ANY SECURITY OF TFG. THIS INFORMATION

More information

Office Depot Announces Fourth Quarter and Full Year 2010 Results. February 22, :03 AM ET

Office Depot Announces Fourth Quarter and Full Year 2010 Results. February 22, :03 AM ET Office Depot Announces Fourth Quarter and Full Year 2010 Results February 22, 2011 7:03 AM ET BOCA RATON, Fla., Feb 22, 2011 (BUSINESS WIRE) -- Office Depot, Inc. (NYSE:ODP), celebrating 25 years as a

More information

Investor Relations: 410-454-5246 212-805-6035

Investor Relations: 410-454-5246 212-805-6035 FOR IMMEDIATE RELEASE Investor Relations: Media: Alan Magleby Mary Athridge 410-454-5246 212-805-6035 amagleby@leggmason.com mkathridge@leggmason.com LEGG MASON REPORTS FOURTH FISCAL QUARTER AND FISCAL

More information

TransUnion Reports Third Quarter 2014 Results

TransUnion Reports Third Quarter 2014 Results TransUnion Reports Third Quarter 2014 Results Revenue of $338 million, an increase of 13 percent on a GAAP basis (14 percent on a constant currency basis) compared with the third quarter of 2013 Adjusted

More information

APX GROUP HOLDINGS, INC. REPORTS FIRST QUARTER 2015 RESULTS

APX GROUP HOLDINGS, INC. REPORTS FIRST QUARTER 2015 RESULTS APX GROUP HOLDINGS, INC. REPORTS FIRST QUARTER 2015 RESULTS First Quarter 2015 Financial and Portfolio Highlights APX Group Reports Total Revenue of $149.9 Million, up 14.9% Year over Year Adjusted EBITDA

More information

First quarter 2015 results 1

First quarter 2015 results 1 First quarter results 1 Luxembourg, May 5, Highlights Health and Safety frequency rate 2 of 1.3x in Q1 compared to 1.8x in Q4. Shipments of 469 thousand tonnes in Q1 compared to shipments of 439 thousand

More information

3Q07 RESULTS CONFERENCE CALL November 14, 2007

3Q07 RESULTS CONFERENCE CALL November 14, 2007 3Q07 RESULTS CONFERENCE CALL November 14, 2007 Presenters Jorge Cury Chief Executive Officer Marco Mattar Chief Financial Officer and Technical Officer Rebeca Ouro-Preto Investor Relations Officer Main

More information

TLG IMMOBILIEN AG H1 2015 Results August 2015

TLG IMMOBILIEN AG H1 2015 Results August 2015 TLG IMMOBILIEN AG H1 2015 Results August 2015 Disclaimer This presentation includes statements, estimates, opinions and projections with respect to anticipated future performance of TLG IMMOBILIEN ("Forward-Looking

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

Real Estate Transactions Impact on Corporate Financial Statements

Real Estate Transactions Impact on Corporate Financial Statements Real Estate Transactions Impact on Corporate Financial Statements Todd P. Anderson Senior Managing Director Global Corporate Services Hong Kong October 2010 Presenter Introduction Todd Anderson is Senior

More information

Snap-on Announces Third Quarter 2009 Results

Snap-on Announces Third Quarter 2009 Results Release: IMMEDIATE Snap-on Announces Third Quarter 2009 Results Sales of $581.8 million and EPS of $0.44 for the third quarter of 2009; Financial Services transition on track; Continued strong operating

More information

Third Quarter 2015 Financial Highlights:

Third Quarter 2015 Financial Highlights: DISCOVERY COMMUNICATIONS REPORTS THIRD QUARTER 2015 RESULTS, INCREASES BUYBACK AUTHORIZATION BY $2 BILLION AND ANNOUNCES RESUMPTION OF SHARE REPURCHASES BEGINNING IN FOURTH QUARTER 2015 Third Quarter 2015

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

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

Westmoreland Reports First Quarter 2016 Results and Affirms Full-year Guidance

Westmoreland Reports First Quarter 2016 Results and Affirms Full-year Guidance News Release Westmoreland Reports First Quarter 2016 Results and Affirms Full-year Guidance Englewood, CO May 10, 2016 - Westmoreland Coal Company (NasdaqGM:WLB) today reported financial results for the

More information

NOTICE OF NO AUDITOR REVIEW OF INTERIM FINANCIAL STATEMENTS

NOTICE OF NO AUDITOR REVIEW OF INTERIM FINANCIAL STATEMENTS Condensed Interim Consolidated Financial Statements of THE BRICK LTD. For the three months ended March 31, 2013 NOTICE OF NO AUDITOR REVIEW OF INTERIM FINANCIAL STATEMENTS Under National Instrument 51-102,

More information

Contact: Marcel Goldstein CSC PRESS RELEASE Corporate Public Relations August 6, 2013 CSC 703-641-3271 mgoldstein@csc.com

Contact: Marcel Goldstein CSC PRESS RELEASE Corporate Public Relations August 6, 2013 CSC 703-641-3271 mgoldstein@csc.com Contact: Marcel Goldstein CSC PRESS RELEASE Corporate Public Relations August 6, 2013 CSC 703-641-3271 mgoldstein@csc.com Steve Virostek Investor Relations CSC 703-641-3000 investorrelations@csc.com CSC

More information

E.ON AG Conference Call. March 5, 2003. Presentation: Dr. Erhard Schipporeit

E.ON AG Conference Call. March 5, 2003. Presentation: Dr. Erhard Schipporeit E.ON AG Conference Call March 5, 2003 Presentation: Dr. Erhard Schipporeit Member of the Board of Management and CFO Please check against delivery Page 2 of 7 Good afternoon ladies and gentlemen, Since

More information

SUPPLEMENTAL INVESTOR INFORMATION. Fourth Quarter 2012

SUPPLEMENTAL INVESTOR INFORMATION. Fourth Quarter 2012 SUPPLEMENTAL INVESTOR INFORMATION Fourth Quarter 2012 Kevin Bryant Tony Carreño VP Investor Relations and Strategic Director Investor Relations Planning & Treasurer 816-556-2782 816-654-1763 anthony.carreno@kcpl.com

More information

Significant reduction in net loss

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

More information

Westpac Banking Corporation

Westpac Banking Corporation Westpac Banking Corporation Philip Coffey Chief Financial Officer 31 March 2006 Westpac at a glance Established 1817 Top 40 bank globally 1 Core markets - Australia, New Zealand and near Pacific Total

More information

Tower International Posts Third Quarter 2010 Adjusted EBITDA of $39.1 million

Tower International Posts Third Quarter 2010 Adjusted EBITDA of $39.1 million For Immediate Release Derek Fiebig Director, Investor & External Relations (248) 675-6457 fiebig.derek@towerautomotive.com Tower International Posts Third Quarter 2010 of $39.1 million LIVONIA, Mich.,

More information

First-Quarter 2016 Financial Results

First-Quarter 2016 Financial Results First-Quarter 2016 Financial Results www.unisys.com/investor Peter Altabef President & CEO Janet Haugen SVP & CFO April 21, 2016 Disclaimer Statements made by Unisys during today's presentation that are

More information

Tower International Reports Solid Third Quarter And Raises Full Year Outlook

Tower International Reports Solid Third Quarter And Raises Full Year Outlook FOR IMMEDIATE RELEASE Tower International Reports Solid Third Quarter And Raises Full Year Outlook LIVONIA, Mich., November 3, 2011 Tower International, Inc. [NYSE: TOWR], a leading integrated global manufacturer

More information

ONEBEACON REPORTS $11.13 BOOK VALUE PER SHARE

ONEBEACON REPORTS $11.13 BOOK VALUE PER SHARE NEWS RELEASE For Immediate Release Investor Relations Media Contact: Paul McDonough Carmen Duarte Phone: 952.852.6020 781.332.7268 Email: ir@onebeacon.com cduarte@onebeacon.com Website: www.onebeacon.com

More information

Conference Call 9M 2015 Results

Conference Call 9M 2015 Results Conference Call 9M 2015 Results Joachim Kreuzburg, CEO October 20, 2015 Disclaimer This presentation contains statements concerning the future performance of the Sartorius Group and the Sartorius Stedim

More information

ARION BANK S H1 2015 FINANCIAL RESULTS

ARION BANK S H1 2015 FINANCIAL RESULTS Press release, 26 August 2015 ARION BANK S H1 2015 FINANCIAL RESULTS Arion Bank reported net earnings of ISK 19.3 billion for the first six months of 2015, compared with ISK 17.4 billion for the same period

More information

LAN AIRLINES REPORTS NET INCOME OF US$60.6 MILLION FOR THE SECOND QUARTER OF 2010

LAN AIRLINES REPORTS NET INCOME OF US$60.6 MILLION FOR THE SECOND QUARTER OF 2010 FOR IMMEDIATE RELEASE LAN AIRLINES REPORTS NET INCOME OF US$60.6 MILLION FOR THE SECOND QUARTER OF 2010 Santiago, Chile, July 27, 2010 LAN Airlines S.A. (NYSE: LFL), one of Latin America s leading passenger

More information

APPENDIX 4E ANNUAL REPORT THORN GROUP LIMITED ACN 072 507 147 YEAR ENDED 31 MARCH 2015. Page 1 of 7

APPENDIX 4E ANNUAL REPORT THORN GROUP LIMITED ACN 072 507 147 YEAR ENDED 31 MARCH 2015. Page 1 of 7 APPENDIX 4E ANNUAL REPORT THORN GROUP LIMITED ACN 072 507 147 YEAR ENDED 31 MARCH 2015 1 Details of the reporting period and the previous corresponding period Current period: 1 April 2014 to 31 March 2015

More information

Financial Information

Financial Information Financial Information Solid results with in all key financial metrics of 23.6 bn, up 0.4% like-for like Adjusted EBITA margin up 0.3 pt on organic basis Net profit up +4% to 1.9 bn Record Free Cash Flow

More information

Uponor Group Communications and Disclosure Policy

Uponor Group Communications and Disclosure Policy 1 Contents Introduction... 3 The targets of Uponor s Investor Relations (IR) communications... 3 Responsibility for IR communications... 3 The reported segments... 3 Standard disclosure... 4 Information

More information

FINANCIAL RESULTS Q1 2012. 16 May 2012

FINANCIAL RESULTS Q1 2012. 16 May 2012 FINANCIAL RESULTS Q1 2012 16 May 2012 Highlights Q1 2012 Satisfactory Q1 financials underlying EBITDA and profit before tax on a par with Q1 2011 - Lower power prices partly offset by increased power generation

More information

ANNUAL MEETING ADDRESS. Remarks STEVE RODER SENIOR EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER. at the ANNUAL MEETING OF SHAREHOLDERS

ANNUAL MEETING ADDRESS. Remarks STEVE RODER SENIOR EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER. at the ANNUAL MEETING OF SHAREHOLDERS ANNUAL MEETING ADDRESS Remarks STEVE RODER SENIOR EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER at the ANNUAL MEETING OF SHAREHOLDERS Thursday, May 5, 2016 200 Bloor Street East Toronto As Delivered

More information

Avaya Reports Second Quarter Fiscal 2016 Financial Results

Avaya Reports Second Quarter Fiscal 2016 Financial Results Media Inquiries: Investor Inquiries: Christina Knittel John Nunziati 408-496-3417 408-562-3780 crknittel@avaya.com jfnunziati@avaya.com Avaya Reports Second Quarter Fiscal 2016 Financial Results Second

More information

INTERIM HALF YEAR 2016 RESULTS

INTERIM HALF YEAR 2016 RESULTS INTERIM HALF YEAR 2016 RESULTS 1 February 2016 to 31 July 2016 Inditex continues to expand its global, fully integrated store and online sales platform. In 1H2016 Inditex achieved a strong operating performance.

More information

Ternium Announces First Quarter 2015 Results

Ternium Announces First Quarter 2015 Results Sebastián Martí Ternium - Investor Relations +1 (866) 890 0443 +54 (11) 4018 2389 www.ternium.com Ternium Announces First Quarter 2015 Results Luxembourg, April 29, 2015 Ternium S.A. (NYSE: TX) today announced

More information

So, now I would like to pass the floor to Mr. Carlos Medeiros. Mr. Carlos, you have the floor.

So, now I would like to pass the floor to Mr. Carlos Medeiros. Mr. Carlos, you have the floor. Operator: Good Morning. Welcome to conference call on the results of the 1Q07. Today we have here with us Mr. Carlos Medeiros, CEO, and Mr. Leandro Bousquet, CFO and IR Officer. We inform you that the

More information

Second Quarter Highlights

Second Quarter Highlights Kalamazoo, Michigan - July 23, 2015 - Stryker Corporation (NYSE:SYK) reported operating results for the second quarter of 2015: Second Quarter Highlights Raises full year organic sales growth guidance

More information