Turkey s Largest Food Company

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Turkey s Largest Food Company"

Transcription

1 Turkey s Largest Food Company S e c o n d Q u a r t e r & F i r s t H a l f 2014 F i n a n c i a l R e s u l t s A u g 15, Borsa Istanbul: ULKER ULKER.TI (Bloomberg) ULKER IS (Reuters)

2 Disclaimer This presentation contains information and analysis on financial statements and is prepared for the sole purpose of providing information relating to Ülker. This presentation contains forward-looking statements which are based on certain expectations and assumptions at the time of publication of this presentation and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in these materials. Many of these risks and uncertainties relate to factors that are beyond Ülker s ability to control or estimate precisely, such as future market and economic conditions, the behavior of other market participants, the ability to successfully integrate acquired businesses and achieve anticipated cost savings and productivity gains as well as the actions of government regulators. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this presentation. Ülker does not undertake any obligation to publicly release any revisions to these forwardlooking statements to reflect events or circumstances after the date of these materials. This presentation merely serves the purpose of providing information. It neither represents an offer for sale nor for subscription of securities in any country, including Turkey. This presentation does not include an official offer of shares; an offering circular will not be published. This presentation is not allowed to be reproduced, distributed or published without permission agreement of Ülker. The figures in this presentation are rounded to provide a better overview. The calculation of deviations is based on figures including fractions. Therefore rounding differences may occur. Neither Ülker nor any of its managers or employees nor any other person shall have any liability whatsoever for any loss arising from the use of this presentation. 2

3 Jan-13 Feb-13 March-13 April-13 May-13 June-13 July-13 Aug-2013 Sep-13 Oct-13 Nov-13 Dec-13 Jan-14 Feb-14 March-14 April-14 May.14 June ,0 78, ,7 Turkey Macro Economic Overview 2013 GDP Growth 4% GDP grew by 4.3% in 1Q14 thanks to net exports Household consumption grew by 2.9% in 1Q14 Consumer Confidence Index Sharp drop consumer confidence especially in June 2014 Consumer prices of 9.2% in June 2014 Food price inflation +10% in June

4 Breakdown of Net Sales Breakdown of sales volume (ton) Cake Chocolate Biscuit Q2013 2Q2014 1H2013 1H2014 Breakdown of sales revenue (TL million) 1,451 1,326 Other Cake Chocolate Biscuit Q2013 2Q2014 1H2013 1H2014 Consolidated sales volume is up by 5.6% in 2Q14 & 4.2% in 1H14, with growth attributable to: new product launch ( O la la) High demand to biscuits High base limited the volume growth in chocolate Biscuits sales volume was 54% (1H13: 54%) of total 1H14 sales volume, where chocolate was 32% (1H13: 33%) and cake was 14% (1H13: 13%) Consolidated sales revenue up by 7.9% in 2Q14 & 9.4% in 1H14, primarily as a result of: Price increase & downsizings (1Q14) Lower discounts & returns Divesture of sales companies limited the revenue growth (2Q14) Exports were 20% of total sales revenue in 1H14 Strong export revenue in 1Q14 slowed down in 2Q14 over 2Q13 Merchandise sales share down to 1.6% (1H13: 4.3%) of sales revenue in 1H14 4

5 Gross Profit & EBITDA 147,6 136,2 Gross Profit (TL mn) 310,2 315,9 Decrease in gross profit in 2Q14 is due to: High input costs Lower sales discounts & returns limited further loss 147,6 136,2 Gross Profit (TL mn) 310,2 315,9 2Q13 2Q14 1H13 1H14 2Q13 2Q14 1H13 1H14 EBITDA (TL mn)* 157,8 162,5 EBITDA was down to TL 75 mn in 2Q14 as a result of: 13,2% EBITDA Margin* 80,7 74,7 Tight opex management lowered the margin loss at the gross level Price increases 11,4% 11,9% 11,2% 2Q13 2Q14 1H13 1H14 *Excludes Other Nonoperating Income&Expenses 2Q13 2Q14 1H13 1H14 *Excludes Other Nonoperating Income&Expenses 5

6 Other Financial Figures Major Other Financial Figures (TL mn) 1H2013 1H2014 Other Income From Operations 75,7 105,4 FX gain from trade receivables &Payables 50,4 69,9 Due date income derived from credit sales 16,1 24,5 Other income from operations 9,2 11,0 Other Expense From Operations 78,0 100,6 FX loss from trade receivables & payables 59,8 68,6 Due date expense derived from credit purchases 11,3 18,0 Rediscount Expense 3,2 9,0 Other expense From Operations 3,7 5,0 Net Other Inc/Exp From Operations -2,3 4,8 (TL mn) 1H2013 1H2014 Income From Investing Activities 105,8 179,0 FX gain from investing activities* 77,5 157,3 Interest Income 22,6 17,2 Fixed asset sales income 1,5 0,0 Other 4,2 4,5 Expense From Investing Activities 14,4 118,5 FX loss from investing activities* 14,4 117,3 Fixed asset sales loss 0,0 1,2 Other 0,0 0,0 Net Inc/Exp From Investing Activities 91,4 60,5 *FX Income from bank deposits and non-trade receivables from related parties Net other income and expense from operations amounted TL 5 mn in 1H14 Net gain from investing activities amounted TL 61 mn on the back of FX loss from bank deposits 6

7 FX and Net Profit Net Foreign Exchange Gain/Loss (TL mn) 1H2013 1H2014 Net Foreign Exchange Gain/Loss From Operations -9,4 1,4 Net Foreign Exchange Gain/Loss From Investments 63,1 40,0 Net Foreign Exchange Gain/ Loss From Finance -55,9-39,6 Net Foreign Exchange Gain/Loss -2,2 1,8 Net foreign exchange gain was TL 1.8 mn in 1H14 vs loss of TL 2.2 mn in 1H13 TL 335 mn of short FX position as of June 30, ,3 Net Profit (TL mn) 68,3 91,8 119,6 Net income was TL 68 mn in 2Q14, increase in net income is mainly attributable to: Lower taw payable Lower minority interest Net foreign exchange gain 2Q13 2Q14 1H13 1H14 7

8 Cash Cycle and Net Debt Cash Cycle (Days) A/R A/P Inv. Cash Cycle Cash Cycle generated 35 days in 1H14 Receivable day is down by 8 days over 2013 Payable day is down by 11 days over 2013 Inventory days is flat at 33 days Q14 Net Debt (TL mn) Net debt stands at TL 335 million, as of June 30, YE Net Debt 1Q 2014 Net Debt 2013 Dividend Payment Biskot Minority Stake Acquisition Cash Proceeds 2Q 2014 Net Debt 8

9 Turkey s Largest Food Company Q u e s t i o n s & A n s w e r s 9

10 Kısıklı Mahallesi Ferah Caddesi No: B. Çamlıca / Üsküdar / İstanbul Türkiye For more information, please contact us + 90 (216) , or us at

Turkey s Largest Food Company

Turkey s Largest Food Company Turkey s Largest Food Company T h i r d Q u a r t e r & N i n e M o n t h s 2 0 1 3 F i n a n c i a l R e s u l t s N o v e m b e r 7, 2 0 1 3 Borsa Istanbul: ULKER ULKER.TI (Bloomberg) ULKER IS (Reuters)

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

2015 FIRST HALF RESULTS CONFERENCE CALL. August 31st, 2015

2015 FIRST HALF RESULTS CONFERENCE CALL. August 31st, 2015 2015 FIRST HALF RESULTS CONFERENCE CALL August 31st, 2015 DISCLAIMER This presentation has been prepared by Eurotech S.p.A.(or Eurotech ) and has to be read in conjunction with its oral presentation. The

More information

TÜRK TELEKOM GROUP ANNOUNCES 2015 SECOND QUARTER FINANCIAL AND OPERATIONAL RESULTS

TÜRK TELEKOM GROUP ANNOUNCES 2015 SECOND QUARTER FINANCIAL AND OPERATIONAL RESULTS TÜRK TELEKOM GROUP ANNOUNCES 2015 SECOND QUARTER FINANCIAL AND OPERATIONAL RESULTS Press Bulletin 22 July 2015 CONTINUED REVENUE AND EBITDA GROWTH Türk Telekom, Turkey s leading communications and convergence

More information

2014 Fourth Quarter Business Review. March 23, 2015

2014 Fourth Quarter Business Review. March 23, 2015 2014 Fourth Quarter Business Review March 23, 2015 Agenda Financial Results Business Highlight -1- Safe Harbor Notice Pegatron s statements of its current expectations are forward looking statements subject

More information

Norsk Gjenvinning Group 4th Quarter 2014 Erik Osmundsen, CEO and Dean Zuzic, CFO

Norsk Gjenvinning Group 4th Quarter 2014 Erik Osmundsen, CEO and Dean Zuzic, CFO Norsk Gjenvinning Group 4th Quarter 20 Erik Osmundsen, CEO and Dean Zuzic, CFO Disclaimer VV Holding AS is providing the following consolidated financial results for the first nine months of 20 to holders

More information

2014 FIRST QUARTER RESULTS CONFERENCE CALL. May 15th, 2014

2014 FIRST QUARTER RESULTS CONFERENCE CALL. May 15th, 2014 2014 FIRST QUARTER RESULTS CONFERENCE CALL May 15th, 2014 DISCLAIMER This presentation has been prepared by Eurotech S.p.A.(or Eurotech ) and has to be read in conjunction with its oral presentation. The

More information

United Stationers Inc.

United Stationers Inc. United Stationers Inc. Earnings Presentation First Quarter 2014 April 23, 2014 1 Forward Looking Statements and Non-GAAP Measures This presentation contains forward-looking statements, including references

More information

IFRS results for the year ended December 31, 2006 April 2, 2007 Michael A. O Neill CEO

IFRS results for the year ended December 31, 2006 April 2, 2007 Michael A. O Neill CEO IFRS results for the year ended December 31, 2006 April 2, 2007 Michael A. O Neill CEO 1 Forward-Looking Statements This presentation includes forward-looking statements including, but not limited to,

More information

Interim Nine Months 2015 Results

Interim Nine Months 2015 Results 1 February 2015 to 31 October 2015 Inditex continues to expand its global, fully integrated store and online sales platform. Strong operating performance: Store & Online sales in local currencies increased

More information

Financial Statement Consolidation

Financial Statement Consolidation Financial Statement Consolidation We will consolidate the previously completed worksheets in this financial plan. In order to complete this section of the plan, you must have already completed all of the

More information

RAJESH EXPORTS LIMITED GLOBAL PRESENCE IN GOLD AND GOLD PRODUCTS. Earnings Presentation Q2 FY16

RAJESH EXPORTS LIMITED GLOBAL PRESENCE IN GOLD AND GOLD PRODUCTS. Earnings Presentation Q2 FY16 RAJESH EXPORTS LIMITED GLOBAL PRESENCE IN GOLD AND GOLD PRODUCTS Earnings Presentation Q2 FY16 Company Overview COMPANY OVERVIEW Rajesh Exports Ltd. (REL) was incorporated in 1989. Currently REL is a leader

More information

2009 3Q Financial Release. Nov

2009 3Q Financial Release. Nov 2009 3Q Financial Release Nov. 10. 2009 Disclaimer This presentation is for informational purposes only, contains preliminary financial and other information about Korean Air Lines Co., Ltd. and is subject

More information

Disclaimer. This document has been prepared by Tele Columbus AG (the "Company") solely for informational purposes.

Disclaimer. This document has been prepared by Tele Columbus AG (the Company) solely for informational purposes. Disclaimer This document has been prepared by Tele Columbus AG (the "Company") solely for informational purposes. This presentation may contain forward-looking statements. These statements are based on

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

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

2015 FULL YEAR RESULTS CONFERENCE CALL. March 14th, 2016

2015 FULL YEAR RESULTS CONFERENCE CALL. March 14th, 2016 2015 FULL YEAR RESULTS CONFERENCE CALL March 14th, 2016 DISCLAIMER This presentation has been prepared by Eurotech S.p.A.(or Eurotech ) and has to be read in conjunction with its oral presentation. The

More information

First Quarter 2015 Earnings Conference Call. April 28, 2015

First Quarter 2015 Earnings Conference Call. April 28, 2015 First Quarter 2015 Earnings Conference Call April 28, 2015 Forward-looking Statements This presentation contains forward-looking statements. These forward-looking statements include statements related

More information

HTC CORPORATION 1Q16 BUSINESS REVIEW. CHIALIN CHANG, CFO & PRESIDENT OF GLOBAL SALES May 9, 2016

HTC CORPORATION 1Q16 BUSINESS REVIEW. CHIALIN CHANG, CFO & PRESIDENT OF GLOBAL SALES May 9, 2016 HTC CORPORATION 1Q16 BUSINESS REVIEW CHIALIN CHANG, CFO & PRESIDENT OF GLOBAL SALES May 9, 2016 DISCLAIMER STATEMENT This presentation and release contain forward-looking statements which may include projections

More information

The company was founded in 1944 and is based in Istanbul, Turkey. Ülker Bisküvi operates as a subsidiary of Yıldız Holding A.ġ.

The company was founded in 1944 and is based in Istanbul, Turkey. Ülker Bisküvi operates as a subsidiary of Yıldız Holding A.ġ. BİSKÜVİ SANAYİ A.Ş. This presentation contains information and analysis on financial statements and is prepared for the sole purpose of providing information relating to Ülker Bisküvi Sanayi A.ġ.(Ülker

More information

XING #1 Professional Social Network In German Speaking Europe

XING #1 Professional Social Network In German Speaking Europe XING #1 Professional Social Network In German Speaking Europe Final 2013 results Update Call March 28, 2014 Ingo Chu, CFO, XING AG Disclaimer This presentation was produced in March 2014 by XING AG (the

More information

Q1 2010 Results Analyst Presentation Henk van Dalen, CFO 3 May 2010

Q1 2010 Results Analyst Presentation Henk van Dalen, CFO 3 May 2010 Q1 2010 Results Analyst Presentation Henk van Dalen, CFO 3 May 2010 Overall trading conditions continue to improve GROUP Operating income 251 million ( 163 million in Q1 20); quarter benefited from four

More information

2013 Third Quarter Review October 25, 2013 1

2013 Third Quarter Review October 25, 2013 1 October 25, 213 1 Panalpina Group October 25, 213 213 Third Quarter Review October 25, 213 2 Highlights and key figures Operating and financial review Outlook Growth in profitability and margins in the

More information

Third quarter results FY2015. August 17, 2015

Third quarter results FY2015. August 17, 2015 Third quarter results FY2015 August 17, 2015 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

Forward Looking Statement

Forward Looking Statement Forward Looking Statement This presentation contains forward-looking statements which are statements that refer to expectations and plans for the future and include, without limitation, statements regarding

More information

Second Quarter 2015 Trading Update. 28 September 2015

Second Quarter 2015 Trading Update. 28 September 2015 Second Quarter 2015 Trading Update 28 September 2015 Disclaimer This communication and the information contained herein has been approved by the Board of Directors of Eurobank Ergasias S.A. ( Eurobank

More information

Q1 Results Presentation

Q1 Results Presentation FY 2015 Q1 Results Presentation Berlin, 12 May 2015 Disclaimer This document has been prepared by Tele Columbus AG(the"Company") solely for informational purposes. This presentation may contain forward-looking

More information

Results Presentation Jan-Sep 2014. November 25 th, 2014

Results Presentation Jan-Sep 2014. November 25 th, 2014 Results Presentation Jan-Sep 2014 November 25 th, 2014 Disclaimer This document has been prepared by Grupo Isolux Corsán, S.A.; therefore no part of it may be published, disclosed or distributed in any

More information

Management Presentation. September 2014

Management Presentation. September 2014 Management Presentation September 2014 1 1. Ülker: Who we are? 2. Key Investment Highlights 3. Financials 4. Appendix 2 7 23 28 We are the leading name in Turkish confectionery... 2 70 years of experience

More information

Norsk Gjenvinning Group 3rd Quarter 2014 Erik Osmundsen, CEO and Dean Zuzic, CFO

Norsk Gjenvinning Group 3rd Quarter 2014 Erik Osmundsen, CEO and Dean Zuzic, CFO Norsk Gjenvinning Group 3rd Quarter 2014 Erik Osmundsen, CEO and Dean Zuzic, CFO Disclaimer VV Holding AS is providing the following consolidated financial results for the first nine months of 2014 to

More information

2Q2014 IFRS Consolidated Financial Results. October 15, 2014

2Q2014 IFRS Consolidated Financial Results. October 15, 2014 2Q214 IFRS Consolidated Financial Results October 15, 214 Alexander Ivannikov First Deputy Head of the Department for Finance and Economics 1 Disclaimers This presentation has been prepared by OJSC Gazprom

More information

ISBANK EARNINGS PRESENTATION 2016 Q1

ISBANK EARNINGS PRESENTATION 2016 Q1 ISBANK EARNINGS PRESENTATION 2016 Q1 2016 Q1 Recent Developments in the Economy Binler Global Outlook Main Indicators of Turkey US EA Moderate expansion in the US economy Solid labor market data Still

More information

Challenging quarter for Mobile Devices. Daily order rates improving. Free Cash Flow > Net Income. FCT acquisition. Page 3

Challenging quarter for Mobile Devices. Daily order rates improving. Free Cash Flow > Net Income. FCT acquisition. Page 3 August 7, 2013 Page 1 Statements in this release that are not historical are forward-looking and are subject to various risks and uncertainties that could cause actual results to vary materially from those

More information

Management Presentation. December 2013

Management Presentation. December 2013 Management Presentation December 2013 1 1. Ülker: Who we are? 2. Key Investment Highlights 3. Financials 4. Appendix 2 7 23 28 We are the leading name in Turkish confectionery... 2 70 years of experience

More information

Presentation on Results for FY 2015. Idemitsu Kosan Co.,Ltd. May 10, 2016

Presentation on Results for FY 2015. Idemitsu Kosan Co.,Ltd. May 10, 2016 Presentation on Results for FY 2015 Idemitsu Kosan Co.,Ltd. May 10, 2016 Table of Contents 1. FY 2015 Financials (1) Overview (2) Segment Information 2. Forecast for FY 2016 Performance (1) Overview (2)

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

1Q16 Earnings Release. April 28 th 2016 LG Electronics

1Q16 Earnings Release. April 28 th 2016 LG Electronics 1Q16 Earnings Release April 28 th 2016 LG Electronics All information regarding management performance and financial results of LG Electronics (the Company ) during the 1 st quarter of 2016 as contained

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

Analysts and Investors conference call Q1 2014 results 15 May 2014

Analysts and Investors conference call Q1 2014 results 15 May 2014 Analysts and Investors conference call Q1 2014 results 15 May 2014 DISCLAIMER This presentation has been prepared by Air Berlin PLC. No representation, warranty or undertaking, express or implied, is made

More information

4Q15 Earnings Release. January 26 th 2016 LG Electronics

4Q15 Earnings Release. January 26 th 2016 LG Electronics 4Q15 Earnings Release January 26 th 2016 LG Electronics All information regarding management performance and financial results of LG Electronics (the Company ) during the 4 th quarter of 2015 as contained

More information

Corporate Profile. Quarterly Highlights. Financial Review. Operation Highlights

Corporate Profile. Quarterly Highlights. Financial Review. Operation Highlights Your Testing Quality is Our Commitment. CHROMA ATE INC. 2013 4Q. 2012 Investor Conference Paul Ying, CFO Leo Huang, Chairman & CEO 22 nd February, 2013 1 Disclaimer This presentation contains some forward-looking

More information

Working Capital Analysis Powered by ilumen

Working Capital Analysis Powered by ilumen Working Capital Analysis Explanation of Analysis: The first purpose of this report is to separate 1) the impact sales growth or decline has on Accounts Receivable, Inventory, Accounts Payable and Gross

More information

2013 Second Quarter Review July 26, 2013 1

2013 Second Quarter Review July 26, 2013 1 213 Second Quarter Review July 26, 213 1 Panalpina Group Basel, July 26, 213 213 Second Quarter Review 213 Second Quarter Review July 26, 213 2 Highlights and key figures Operating and financial review

More information

Canadian Life Insurance Industry

Canadian Life Insurance Industry A.M. Best Company s 9 th Annual Insurance Market Briefing Canada Canadian Life Insurance Industry Edward Kohlberg, CPA, FLMI Senior Financial Analyst Richard McMillan Senior Financial Analyst September

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

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

AGF MANAGEMENT LIMITED EARNINGS CONFERENCE CALL SECOND QUARTER 2014 JUNE 24, 2014

AGF MANAGEMENT LIMITED EARNINGS CONFERENCE CALL SECOND QUARTER 2014 JUNE 24, 2014 AGF MANAGEMENT LIMITED EARNINGS CONFERENCE CALL SECOND QUARTER 2014 JUNE 24, 2014 CAUTION REGARDING FORWARD-LOOKING STATEMENTS The forward looking information is provided as of June 24, 2014. Certain information

More information

HTC CORPORATION 4Q15 BUSINESS REVIEW. CHIALIN CHANG, CFO & PRESIDENT OF GLOBAL SALES EDWARD WANG, VP OF FINANCE February 3, 2016

HTC CORPORATION 4Q15 BUSINESS REVIEW. CHIALIN CHANG, CFO & PRESIDENT OF GLOBAL SALES EDWARD WANG, VP OF FINANCE February 3, 2016 HTC CORPORATION 4Q15 BUSINESS REVIEW CHIALIN CHANG, CFO & PRESIDENT OF GLOBAL SALES EDWARD WANG, VP OF FINANCE February 3, 2016 DISCLAIMER STATEMENT This presentation and release contain forward-looking

More information

XING Q2 2012 results presentation. August 14, 2012

XING Q2 2012 results presentation. August 14, 2012 XING Q2 2012 results presentation August 14, 2012 Disclaimer This presentation was produced in August 2012 by XING AG (the "Company") solely for use as an information source for potential business partners

More information

Norsk Gjenvinning Group 4th Quarter 2015 Erik Osmundsen, CEO and Dean Zuzic, CFO

Norsk Gjenvinning Group 4th Quarter 2015 Erik Osmundsen, CEO and Dean Zuzic, CFO Norsk Gjenvinning Group 4th Quarter 2015 Erik Osmundsen, CEO and Dean Zuzic, CFO Disclaimer VV Holding AS is providing the following interim financial statements for Q4 2015 to holders of its NOK 2,235,000,000

More information

Media Contact: Mike Conway Director, Corporate Communications Sherwin-Williams Direct: 216.515.4393 Pager: 216.422.3751 mike.conway@sherwin.

Media Contact: Mike Conway Director, Corporate Communications Sherwin-Williams Direct: 216.515.4393 Pager: 216.422.3751 mike.conway@sherwin. The Sherwin-Williams Company Reports First Quarter 2012 Financial Results Consolidated net sales increased 15.1% to a record $2.14 billion Diluted net income per common share increased 50.8% to a record

More information

ASML - Summary IFRS Consolidated Statement of Profit or Loss 1,2

ASML - Summary IFRS Consolidated Statement of Profit or Loss 1,2 ASML - Summary IFRS Consolidated Statement of Profit or Loss 1,2 Three months ended, Mar 30, Mar 29, 2014 2015 Net system sales 1,030.0 1,246.5 Net service and field option sales 366.5 403.4 Total net

More information

TOFAŞ 2009 Q1ANALYST PRESENTATION

TOFAŞ 2009 Q1ANALYST PRESENTATION TOFAŞ 2009 Q1ANALYST PRESENTATION Agenda 2009 Q1 Performance Highlights Market Outlook Domestic Market & Tofaş Domestic Sales Market Share Exports Performance Sales Capacity Utilization Financial Results

More information

SHL in 2009 with substantial growth and progress leading to significantly improved financial performance. Investing in new paths for growth.

SHL in 2009 with substantial growth and progress leading to significantly improved financial performance. Investing in new paths for growth. Press release SHL in 2009 with substantial growth and progress leading to significantly improved financial performance. Investing in new paths for growth. Fiscal year 2009: Revenues reaching USD 47.9 million

More information

Darfon Electronics Corp.

Darfon Electronics Corp. Darfon Electronics Corp. 4Q 2010 Investor Conference March 4, 2011 www.darfon.com.tw Investor@darfon.com.tw Agenda 4Q 2010 Financial Highlights Business Outlook Q&A Safe Harbor Notice We have made forward-looking

More information

9M2004 Consolidated Results

9M2004 Consolidated Results 9M2004 Consolidated Results Fulvio Conti Chief Financial Officer Rome, 11 November 2004 Income statement (Euro Mn) 9M2004 9M2003 % change 3Q2004 3Q2003 % change 25,984 23,293 11.6% Revenues 9,036 7,872

More information

REGUS ANNOUNCES SALE OF STAKE IN UK BUSINESS

REGUS ANNOUNCES SALE OF STAKE IN UK BUSINESS REGUS ANNOUNCES SALE OF STAKE IN UK BUSINESS Group s action is part of plan to improve long-term financial strength and address immediate working capital requirements The Regus Group, the world s largest

More information

Investor Presentation

Investor Presentation Investor Presentation June 2015 happy moments 2 1. Ülker: Ülker In Brief 2. Organic Growth Drivers 3. Inorganic Growth Opportunities & Godiva 4. Operational Performance 5. Financials 6. Appendix 3 8 13

More information

Review of FY07 Results

Review of FY07 Results Review of FY07 Results Doğan Gazetecilik A.Ş. March 28,, 2008 Notice Inflation accounting (IAS 29) is not applied in 2005&2006&2007 financials on the back of CMB s requirements. The financial statements

More information

TomTom Q4 2012 results. Harold Goddijn CEO Marina Wyatt CFO 12 February 2013

TomTom Q4 2012 results. Harold Goddijn CEO Marina Wyatt CFO 12 February 2013 TomTom Q4 2012 results Harold Goddijn CEO Marina Wyatt CFO 12 February 2013 Summary of results Revenue of 1,057 million and adjusted EPS of 0.40 PND market performed as expected Automotive affected by

More information

HOSPIRA (HSP US) HISTORICAL COMMON STOCK PRICE INFORMATION

HOSPIRA (HSP US) HISTORICAL COMMON STOCK PRICE INFORMATION 30-Apr-2004 28.35 29.00 28.20 28.46 28.55 03-May-2004 28.50 28.70 26.80 27.04 27.21 04-May-2004 26.90 26.99 26.00 26.00 26.38 05-May-2004 26.05 26.69 26.00 26.35 26.34 06-May-2004 26.31 26.35 26.05 26.26

More information

Market Overview. Business Highlights. Financials. Q&A Session

Market Overview. Business Highlights. Financials. Q&A Session Second Quarter 2013 Earnings Release Conference e Call Presentation Disclaimer This presentation is based on audited financial statements and may include statements that could constitute forward-looking

More information

Iglo Group. Investor Conference Call Q Update Thursday 27 th August 2015

Iglo Group. Investor Conference Call Q Update Thursday 27 th August 2015 Iglo Group Investor Conference Call Q2 2015 Update Thursday 27 th August 2015 Disclaimer BY READING THIS PRESENTATION, YOU ARE DEEMED TO HAVE READ AND ACCEPTED THE STATEMENT BELOW. This presentation has

More information

Presentation on Results for the 2nd Quarter FY 2015. Idemitsu Kosan Co.,Ltd. November 4, 2015

Presentation on Results for the 2nd Quarter FY 2015. Idemitsu Kosan Co.,Ltd. November 4, 2015 Presentation on Results for the 2nd Quarter FY 2015 Idemitsu Kosan Co.,Ltd. November 4, 2015 Table of Contents 1. 2 nd Quarter FY 2015 Financials (1) Overview (2) Segment Information (3) Streamlining 2.

More information

Investor Presentation

Investor Presentation Investor Presentation December 2015 happy moments 2 1. Ülker: Ülker In Brief 2. Organic Growth Drivers 3. Inorganic Growth Opportunities & Godiva 4. Operational Performance 5. Financials 6. Appendix 3

More information

Aksa Enerji Outperform (Maintained)

Aksa Enerji Outperform (Maintained) 01.14 03.14 05.14 07.14 09.14 11.14 01.15 03.15 05.15 May 26, 2015 Outperform (Maintained) Turkey - Equity - Company Update On the verge of a new era s commissioning of the Company s first lignite power

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

Net sales Operating income Ordinary income. Net income per share Diluted net income per share

Net sales Operating income Ordinary income. Net income per share Diluted net income per share Summary of Consolidated Financial Results for the First Quarter of the Fiscal Year Ending June 30, 2017 (Three Months Ended September 30, 2016) [Japanese GAAP] November 10, 2016 Company name: URBANET CORPORATION

More information

9M2005 Consolidated Results Fulvio Conti Chief Executive Officer

9M2005 Consolidated Results Fulvio Conti Chief Executive Officer 9M2005 Consolidated Results Fulvio Conti Chief Executive Officer Rome, 9 November 2005 Agenda 1. 9M2005 Results 2. 2005 and 2006 outlook 3. Questions & Answers 1 9M2005 results - Highlights Results 9M05/9M04

More information

Presentation on Results for the 1st Quarter FY 2014. Idemitsu Kosan Co.,Ltd. August 5, 2014

Presentation on Results for the 1st Quarter FY 2014. Idemitsu Kosan Co.,Ltd. August 5, 2014 Presentation on Results for the 1st Quarter FY 2014 Idemitsu Kosan Co.,Ltd. August 5, 2014 Table of Contents 1. FY 2014 1 st Quarter Financials (1) Overview (2) Segment Information (3) Streamlining (4)

More information

1Q15 Earnings Release. April 29 th 2015 LG Electronics

1Q15 Earnings Release. April 29 th 2015 LG Electronics 1Q15 Earnings Release April 29 th 2015 LG Electronics All information regarding management performance and financial results of LG Electronics (the Company ) during the 1 st quarter of 2015 as contained

More information

Ak Enerji OUTPERFORM (M) 26 February Upside Potential 36% Equity / Mid Cap. / Utilities. Review of 4Q09 Financials. Price / Relative Price

Ak Enerji OUTPERFORM (M) 26 February Upside Potential 36% Equity / Mid Cap. / Utilities. Review of 4Q09 Financials. Price / Relative Price Equity / Mid Cap. / Utilities Review of 4Q09 Financials 26 February 2010 Ak Enerji Bloomberg: AKENR TI In line operating profit, but AkCEZ took its toll... Worse than expected bottomline Reuters: AKENR

More information

XING Q1 2012 results presentation. May 14, 2012

XING Q1 2012 results presentation. May 14, 2012 XING Q1 2012 results presentation May 14, 2012 Disclaimer This presentation was produced in April 2012 by XING AG (the "Company") solely for use as an information source for potential business partners

More information

Disclaimer: Forward Looking Statements

Disclaimer: Forward Looking Statements Disclaimer: Forward Looking Statements This presentation/announcement may contain forward looking statements with projections regarding, among other things, the Company s strategy, revenues, earnings,

More information

2016 Q1 Earnings Conference Call. 2015 TeraGo Networks Inc.

2016 Q1 Earnings Conference Call. 2015 TeraGo Networks Inc. 2016 Q1 Earnings Conference Call Forward Looking Statements This presentation includes certain forward-looking statements that are made as of the date hereof and are based upon current expectations, which

More information

BASIC-FIT REPORTS STRONG REVENUE GROWTH WITH SIGNIFICANT OPERATING LEVERAGE

BASIC-FIT REPORTS STRONG REVENUE GROWTH WITH SIGNIFICANT OPERATING LEVERAGE BASIC-FIT REPORTS STRONG REVENUE GROWTH WITH SIGNIFICANT OPERATING LEVERAGE H1 FINANCIAL HIGHLIGHTS Revenue grew by 29% year on year to 124 million Adjusted EBITDA grew year on year by 39% to 37 million

More information

Amadeus Jan - Mar 2016 Results

Amadeus Jan - Mar 2016 Results Amadeus Jan - Mar 2016 Results May 5, 2016 Disclaimer This presentation may contain certain statements which are not purely historical facts, including statements about anticipated or expected future revenue

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

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

ANNUAL RESULTS PRESENTATION Madrid, March 2015

ANNUAL RESULTS PRESENTATION Madrid, March 2015 ANNUAL RESULTS PRESENTATION Madrid, March 2015 1 Disclaimer In addition to figures prepared in accordance with IFRS, PRISA presents non-gaap financial performance measures, e.g., EBITDA, EBITDA margin,

More information

AUSTRIAN POST INVESTOR PRESENTATION Q1 2016. Georg Pölzl/CEO, Walter Oblin/CFO Vienna, May 13, 2016

AUSTRIAN POST INVESTOR PRESENTATION Q1 2016. Georg Pölzl/CEO, Walter Oblin/CFO Vienna, May 13, 2016 AUSTRIAN POST INVESTOR PRESENTATION Q1 2016 Georg Pölzl/CEO, Walter Oblin/CFO Vienna, May 13, 2016 1. HIGHLIGHTS AND OVERVIEW 2. Strategy Implementation 3. Group Results Q1 2016 4. Outlook 2016 INVESTOR

More information

Annual Results 2005 MTU Aero Engines Holding AG

Annual Results 2005 MTU Aero Engines Holding AG Annual Results MTU Aero Engines Holding AG Conference Call with Investors and Analysts March 23rd, 2006 - Prepared on the basis of IFRS (audited) : A successful year Successful IPO on June 6th, Market

More information

2Q14 Earnings Release

2Q14 Earnings Release 2Q14 Earnings Release 2012년 July 24 th 2월 2014 1일 0 All information regarding management performance and financial results of LG Electronics (the Company ) during the 2 nd quarter of 2014 as contained

More information

Earnings Release Q Samsung Electronics. January 2015

Earnings Release Q Samsung Electronics. January 2015 Earnings Release Q4 Samsung Electronics January 2015 Disclaimer The financial information in this document are consolidated earnings results based on K-IFRS. This document is provided for the convenience

More information

HTC CORPORATION 2Q15 BUSINESS REVIEW. CHIALIN CHANG, CFO & PRESIDENT OF GLOBAL SALES EDWARD WANG, VP OF FINANCE AUGUST 6 th, 2015

HTC CORPORATION 2Q15 BUSINESS REVIEW. CHIALIN CHANG, CFO & PRESIDENT OF GLOBAL SALES EDWARD WANG, VP OF FINANCE AUGUST 6 th, 2015 HTC CORPORATION 2Q15 BUSINESS REVIEW CHIALIN CHANG, CFO & PRESIDENT OF GLOBAL SALES EDWARD WANG, VP OF FINANCE AUGUST 6 th, 2015 DISCLAIMER STATEMENT This presentation and release contain forward-looking

More information

Q Report Conference Call

Q Report Conference Call WASHTEC AG Q1 2013 Report Conference Call WashTec 1Q13: Facts & Figures Slight revenue and corresponding earnings decrease Revenues decrease by 2.1% EBIT at 1.2m; Strong Cash flow of 5.5m Guidance for

More information

Results for Q th May 2012

Results for Q th May 2012 Results for Q1 12 15 th May 2012 Disclaimer This presentation tti includes 'forward looking statements'. tt t'all statements tt t other than statements tt t of historical i facts included in this presentation,

More information

ASML - Summary IFRS Consolidated Statement of Profit or Loss 1,2

ASML - Summary IFRS Consolidated Statement of Profit or Loss 1,2 ASML - Summary IFRS Consolidated Statement of Profit or Loss 1,2 Three months ended, Six months ended, Jun 29, Jun 28, Jun 29, Jun 28, 2014 2015 2014 2015 Net system sales 1,243.0 1,134.5 2,273.0 2,381.0

More information

Debt Investors Call First Quarter 2015. Walldorf, Germany Monday, May 4, 2015

Debt Investors Call First Quarter 2015. Walldorf, Germany Monday, May 4, 2015 Debt Investors Call First Quarter 2015 Walldorf, Germany Monday, May 4, 2015 Safe Harbor Statement Any statements contained in this document that are not historical facts are forward-looking statements

More information

GLACIER REPORTS THIRD QUARTER RESULTS

GLACIER REPORTS THIRD QUARTER RESULTS 2188 Yukon Street Vancouver, British Columbia V5Y 3P1 Telephone: (604) 872-8565. Trading Symbol: GVC (TSX) GLACIER REPORTS THIRD QUARTER RESULTS Vancouver, B.C., November 10, 2016 Glacier Media Inc. (

More information

2015 annual results. 16 th March 2016

2015 annual results. 16 th March 2016 2015 annual results 16 th March 2016 Legal disclaimer Certain statements in this document are forward-looking statements. These forward-looking statements speak only as at the date of this document. These

More information

PepsiCo, Inc. Second Quarter 2011 Earnings Call

PepsiCo, Inc. Second Quarter 2011 Earnings Call PepsiCo, Inc. Second Quarter 2011 Earnings Call Safe Harbor Statement, Glossary of Terms and Non GAAP Information Safe Harbor Statement Statements in this communication that are "forward looking statements,"

More information

2015/16 Q1 Results. August 12, 2015 New York August 13, 2015 Hong Kong

2015/16 Q1 Results. August 12, 2015 New York August 13, 2015 Hong Kong 2015/16 Q1 Results August 12, 2015 New York August 13, 2015 Hong Kong Forward Looking Statement This presentation contains forward-looking statements which are statements that refer to expectations and

More information

2014 FULL YEAR RESULTS

2014 FULL YEAR RESULTS 2014 FULL YEAR RESULTS -3% -8% Financial and Operational Highlights Operational Revenue mntl (1) Ancillary Revenue/Pax Load Factor 29% 16% 13% 22% TRY mn 2.38 4,7 TRY mn 3.08 1,7 TRYm n 569,3 TRYm n 661,9

More information

Disclaimer

Disclaimer Disclaimer The information contained in our presentation is intended solely for your personal reference. In addition, such information contains projections and forward-looking statements that reflect the

More information

Numericable Group Company presentation

Numericable Group Company presentation Numericable Group Company presentation July 2013 Numericable Group Q1 2014 Results Presentation 13 May 2014 Paris Disclaimer 2 This document was prepared by Numericable Group for the sole purpose of this

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

Full Year Report 2005. 26 January 2006

Full Year Report 2005. 26 January 2006 Full Year Report 2005 26 January 2006 Important Notice This Presentation has been produced by TradeDoubler AB (the Company ) and is furnished to you solely for your information. This document contains

More information

Median and Average Sales Prices of New Homes Sold in United States

Median and Average Sales Prices of New Homes Sold in United States Jan 1963 $17,200 (NA) Feb 1963 $17,700 (NA) Mar 1963 $18,200 (NA) Apr 1963 $18,200 (NA) May 1963 $17,500 (NA) Jun 1963 $18,000 (NA) Jul 1963 $18,400 (NA) Aug 1963 $17,800 (NA) Sep 1963 $17,900 (NA) Oct

More information

Corus Entertainment Announces Fiscal 2016 Second Quarter Results

Corus Entertainment Announces Fiscal 2016 Second Quarter Results Corus Entertainment Announces Fiscal 2016 Second Quarter Results Consolidated revenues up 3% for the quarter and 2% for the year-to-date Consolidated segment profit (1) up 33% (10% adjusted (1)(2) ) for

More information