Air Berlin PLC 29 May 2013 Commerzbank Roadshow Hamburg

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Air Berlin PLC 29 May 2013 Commerzbank Roadshow Hamburg"

Transcription

1 Air Berlin PLC 29 May 2013 Commerzbank Roadshow Hamburg

2 airberlin a strong European carrier Market position as of 31 December 2012 No. 2 in core market: Germany / Austria / Switzerland < No. 7 in Europe with 33.3 m guests in 2012 Network carrier focused on business & leisure travelers Group revenue of EUR 4.31 billion Positive operating result (EBIT) of EUR 70.2 million improvement of more than EUR 300 million over the previous year Net profit of EUR 6.8 million 2

3 Management Board Air Berlin PLC Wolfgang Prock-Schauer Chief Executive Officer (CEO) Paul Gregorowitsch Chief Commercial Officer (CCO) Ulf Hüttmeyer Chief Financial Officer (CFO) Helmut Himmelreich Chief Operating Officer (COO) Dr. Martina Niemann Chief Human Resources Officer (CHO) 3

4 Board of Directors Air Berlin PLC Dr Hans-Joachim Körber Chairman Board of Directors, Chairman Nominations Committee, Member Remuneration Committee, Finance Committee James Hogan CEO Etihad Airways, Vice Chairman Board of Directors, Member Nominations Committee Wolfgang Prock- Schauer Chief Executive Officer (CEO) Joachim Hunold Former CEO Air Berlin PLC, Member Board of Directors Austin Reid Member Board of Directors of Air Berlin PLC since 3 January 2013, Member Audit Committee James Rigney CFO Etihad Airways, Member Board of Directors, Member Finance Committee Ali Sabanci Member Board of ESAS Holding and Chairman Pegasus Airlines, Member Board of Directors, Finance Committee Heinz-Peter Schlüter Chairman Supervisory Board of Trimet Aluminium AG, Essen, Member Board of Directors, Chairman Audit and Remuneration Committee, Member Nominations Committee Nicholas Teller CEO E.R. Capital Holding GmbH & Cie. KG, Hamburg, Member Board of Directors, Chairman Finance Committee, Member Audit, Nominations and Remuneration Committee Johannes Zurnieden Managing Director Phoenix Reisen GmbH, Bonn, Former Chairman Board of Directors, Member Board of Directors, Nomination and Remuneration Committee 4

5 airberlin route network from Hamburg in summer connections via Dusseldorf Los Angeles Tenerife Gran Canaria New York Fort Myers Miami Varadero Cancun Puerto Plato Punta Cana Ponta Delgada Funchal Curacao Faro Malaga Lanzarote Fuerteventura Hamburg Direct destinations Connections via Dusseldorf Moscow London Dusseldorf Guernsey Jersey Nuremberg Stuttgart Vienna Munich Zurich Salzburg Milan Venice Nice Florence Alicante Rome Thessaloniki Palma Olbia Lamezia Terme Lesbos Cagliari Ibiza Corfu Samos Catania Kos Karpathos Heraklion Adana Antalya Hurghada Tel Aviv Abu Dhabi fourth-largest airberlin airport in Germany more than 3.1 Mio. guests in 2012 no. 2 in Hamburg 6 based aircraft 26 direct destinations 23% market share almost 300 employees in Hamburg *passenger share in Dusseldorf in 2012 **weeklyab-ab Connections <=180 Min. transfer time in S13 5

6 airberlin s lounge concept Hamburg 6

7 Key performance indicators FY 2012 Operational development 2012 vs % Guests [m] Capacity [m] Number of flights [#] Guests [m] Due to capacity reductions, number of guests declined % Capacity [m] Cancellation of unprofitable routes, hence number of offered seats reduced -7.4% 270, ,406 Flights Network adjustments result in fewer number of total flights 78.2 Seat load factor [%] +1.6%p Guests/capacity [%] Seat load factor improves in line with capacity adjustments % Yield [EUR] Yield [EUR] Due to cancellation of unprofitable routes and measures to increase yield, topline quality improved based on IFRS flight revenue including a/p tax revenue % ASK ASK [bn] Due to route adjustments available seat kilometer declined by -2.8%

8 Financial Performance FY 2012 Revenue EBITDAR EBIT Net result Despite a reduction of capacity, an increase in revenue is achieved from a slightly higher seat load factor and an increase in yield [EUR m] Revenue growth, volume related cost reductions and "topbonus" transaction helped to improve EBITDAR significantly Improvement in EBIT is following EBITDAR development Followed by a better financial result, the company returned to net profit and improved by more than EUR 270 m (before adjustment of deferred taxes in 2011) +2% 4, , % %

9 Financial Performance [EURm] Q compared to Q Revenue EBIT Net result Despite 11% decline in available seat kilometers, revenue only declined by 3% due to better yield and load performance % EBIT in Q was EUR 188.4m after EUR 149.3m Taking into account the non-recurring effects from asset sales in Q1 2012, EBIT would have been EUR 173.1m Taking into account non-recurring effects in Q1 2013, turnaround charges and other extraordinary items such as the strike of security personnel at several airports, EBIT in Q was 171.2m Thus, adjusted EBIT came in on previous year s level Due to weaker non-cash financial result, net result is weaker than previous year -20% Q1/12 Q1/13 ACTUAL excl. other operating income & turnaround charges 9

10 Balance sheet structure [EUR m] B/S as of Dec 31, 2012 B/S as of Mar 31, ,218 2,473 6% Equity Fixed assets 53% Fixed assets 48% Other current assets 32% 94% Debt Other current assets 33% 102% Debt Liquid assets 15% Liquid assets 19% -2% Equity Net debt: 770 Net debt:

11 Dollar hedging Hedging profile [%] FX rate development [USD/EUR] 1) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 1.26 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Hedging rate 2013 (as of 07 May 2013) Hedging rate 2012 (as of 11 May 2012) Current hedge rate Market / Forward rate Hedge rate ) as of 07 May 2013 / 11 May

12 Fuel hedging Hedging profile [%] Price development [USD/t] 1) , , , Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 550 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Hedging rate 2013 (as of 07 May 2013) Hedging rate 2012 (as of 11 May 2012) Current hedge price Market / Forward price Hedge price ) as of 07 May 2013 / 11 May 2012; excl. differentials 12

13 airberlin well positioned in core market Europe 150 destinations in 40 countries (incl. codeshare partners: 260 destinations) Second largest airline in DACH region and seventh largest in Europe >80% of passengers in short / medium haul segment Well-known European brand Network carrier that serves business and leisure guests Leveraging global connectivity through Etihad Airways and oneworld Destinations Codeshare destinations 13

14 Optionality and network breadth is further extended by code sharing with numerous airlines airberlin codeshares with 14 codeshare partners Etihad Airways is No.1 airline partner of airberlin More than 300,000 guests on codeshare routes in 2012 New codeshare agreement with EY partner Air Seychelles Virgin Australia: Codesharing planned for 2013 * End of March airberlin will celebrate 1-year partnership in oneworld alliance Codeshare agreements with seven oneworld partners More than 100 codeshare destinations with oneworld partners Other partners Codesharing with five non-aligned carriers Extension of the airberlin network *Planned to be implemented in

15 Strategic partnership with Etihad Airways continues to grow impressively the development promises to significantly exceed 2012 Codeshare performance Etihad Airways Common Guests development 2012 Q [ 000] Etihad Airways is codeshare partner No.1 for airberlin Portfolio of nearly 100 codeshare routes Further extensions intended, implementation upon approval of traffic rights Utilization of growing opportunities resulting from hub improvement (i.e. Vietnam) Adding codeshare agreements with more Etihad Airways partner airlines in 2013 (i.e. Virgin Australia, JAT) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

16 oneworld presents further opportunities for growth by providing airberlin with access to new destinations and additional passengers Codeshare performance oneworld Common Guests development 2012 Q [ 000] More than 300,000 guests on joint codeshare routes in 2012 Extended codeshare network with oneworld partners cause strong increase of booking intakes demand exceeded 100,000 already in first quarter Alliance of service-orientated quality airlines Highest quality and safety standards News: American Airlines Expansion of cooperation, now including AA s hub in Chicago Planned merger with US Airways prospectively increases the route portfolio Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

17 Fleet development Number of aircraft Total number of aircraft % A320 family A330 family B737 family E190 Q400 Q1/12 Q1/ e 17

18 Stakeholder negotiations Lean & smart What we are doing to fix our core business Turbine combines internal structural changes and negotiations with major stakeholders 1 Internal: highly efficient organisation & processes External: highly regarded by customer LEAN a Network & Fleet SMART Optimise operations Efficient structures and workflows Cost reduction b c Commercial Product / Service Focus on key markets Touristic and business segments Customer needs Brand values d Operation 2 Bring major stakeholder relationships in line with market best practice Airport & ground handling Labour and overhead Wet lease providers Lessors & OEMs TOP & distributors Maintenance suppliers 18

19 Turbine: Timeline for achieving financial targets Cumulative benefit 2013/14 (Illustrative) Target ~ EUR 400m >EUR 200m 2013 Q1 Q2 Q3 Q Q1 Q2 Q3 Effects of >EUR 200m on EBIT level targeted in 2013 Majority of effects in 2013 ramp up from Q3 onwards Program will deliver ~EUR 400m on EBIT level compared to 2012 Realisation of network effects full on track Q1/Q2 with over proportional fix costs, i.e. aircraft, aircraft redeliveries, personnel etc. 19

20 Guidance for 2013 Operational performance Capacity Increase in long haul Decrease in short and medium haul Capacity utilization and income Increasing load factor through network reduction, improved sales platform and partnerships Result Revenue Growth in revenue through yield and load factor expected despite capacity reduction Expenses Cost per ASK excl. fuel will decrease in the course of the year Structural cost increases will be offset through Turbine Result Operational profitability Balance sheet A L Balance sheet Liquidity improved through the issued convertible bond and good booking intakes Equity ratio target of 15-20% by mid term Deleveraging is the key objective for 2013; initiatives are on the way Net debt target remains to be around EUR 500 m by the end of 2013 Target: operational profitability 20

21 Air Berlin PLC: Shareholder structure Shareholder structure by voting rights Shareholder structure by nationality Shareholder structure by EU / and Non EU shareholders Etihad Airways % ESAS Holding A.S % Hans-Joachim Knieps 5.48 % Free float according to the standards of the Deutsche Börse % Germany % United Arab Emirates % Turkey % USA 0.90 % United Kingdom 0.78 % Luxembourg 0.53 % EU shareholders % Non EU shareholders % Other EU Member States / EEA 1.36 % Other 0.53 % 21

Air Berlin PLC 12 April 2013 Commerzbank Roadshow Vienna

Air Berlin PLC 12 April 2013 Commerzbank Roadshow Vienna Air Berlin PLC 12 April 2013 Commerzbank Roadshow Vienna 1. Overview o o o o o Management Summary Financial KPI Operational KPI Key financial development Development on Etihad relationship o Development

More information

Analysts and Investors conference call Q3 2013 results. 14 November 2013

Analysts and Investors conference call Q3 2013 results. 14 November 2013 Analysts and Investors conference call Q3 2013 results 14 November 2013 Management summary Key highlights in Q3 2013 Topline development was satisfactory: Capacity is down by 5.8% (seats) and 3.9% (ASK)

More information

Air Berlin PLC 20 March 2013 Analysts and Investors conference

Air Berlin PLC 20 March 2013 Analysts and Investors conference Air Berlin PLC 20 March 2013 Analysts and Investors conference 1. Overview o o o o o Management Summary Financial KPI Operational KPI Key financial development Development on Etihad relationship o Development

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

Analysts and Investors conference call Q2 2014 results 21 August 2014

Analysts and Investors conference call Q2 2014 results 21 August 2014 Analysts and Investors conference call Q2 2014 results 21 August 2014 DISCLAIMER This presentation has been prepared by Air Berlin PLC. No representation, warranty or undertaking, express or implied, is

More information

Air Berlin PLC Dusseldorf / Cologne 29 November 2012 Roadshow Bankhaus Lampe

Air Berlin PLC Dusseldorf / Cologne 29 November 2012 Roadshow Bankhaus Lampe Air Berlin PLC Dusseldorf / Cologne 29 November 2012 Roadshow Bankhaus Lampe airberlin in a nutshell: Second largest airline in Germany (in terms of fleet size) 35.3 million passengers (2011) 170 destinations

More information

AIR BERLIN PLC. ANALYSTS & INVESTORS PRESENTATION Berlin, 16 March 2012

AIR BERLIN PLC. ANALYSTS & INVESTORS PRESENTATION Berlin, 16 March 2012 AIR BERLIN PLC ANALYSTS & INVESTORS PRESENTATION Berlin, 16 March 2012 2 AGENDA Analysts & Investors meeting, 16 Mar. 2012 page Topic 1 Review 3 Topic 2 Overview 2012 Macro-economic development Focusing

More information

Air Berlin PLC l 11 June 2014 l db Access German Austrian Swiss Conference

Air Berlin PLC l 11 June 2014 l db Access German Austrian Swiss Conference Air Berlin PLC l 11 June 2014 l db Access German Austrian Swiss Conference Executive summary (1) Key highlights 2013 2013: a challenging year for airberlin Operational loss of 231.9 million euros Group

More information

Aegean Airlines 2007 Review & Business Outlook. Analysts Conference Call February 20, 2008

Aegean Airlines 2007 Review & Business Outlook. Analysts Conference Call February 20, 2008 Aegean Airlines 2007 Review & Business Outlook Analysts Conference Call February 20, 2008 Agenda 2007 Review Business Outlook Key highlights Domestic network International network Activity Our fleet Financials

More information

airberlin we constantly strive to be

airberlin we constantly strive to be airberlin a n n u a l r e p o r t 2013 we constantly strive to be M o v i n g airberlin financial figures 2013 Financial Performance Indicators 2013 2012 2011 Revenue (in million euros) 4,146.8 4,311.7

More information

airberlin interim financial report as of 30 june 2014

airberlin interim financial report as of 30 june 2014 airberlin interim financial report as of 30 june 2014 AIRBERLIN INTERIM FINANCIAL REPORT AS OF 30 JUNE 2014 1 FINANCIAL FIGURES KEY FINANCIAL FIGURES Q2 2014 Q2 2013 H1 2014 H1 2013 Revenue (in million

More information

Air Berlin PLC AGM 23 June 2015 London

Air Berlin PLC AGM 23 June 2015 London Air Berlin PLC AGM 23 June 2015 London AGM 2015 Executive Summary High restructuring expenses impact airberlin's 2014 earnings - 2015 outlook improved EBIT of EUR -293.8m includes restructuring cost of

More information

airberlin interim financial report as of 30 june 2015

airberlin interim financial report as of 30 june 2015 airberlin interim financial report as of 30 june 2015 AIRBERLIN INTERIM FINANCIAL REPORT AS OF 30 JUNE 2015 1 FINANCIAL FIGURES Q2 FINANCIAL PERFORMANCE INDICATORS Q2 2015 Q2 2014 H1 2015 H1 2014 Revenue

More information

SAS Q3 2014/2015 TELECONFERENCE 08.09.2015

SAS Q3 2014/2015 TELECONFERENCE 08.09.2015 SAS Q3 2014/2015 TELECONFERENCE 08.09.2015 Q3 brief summary Q3 update Commercial initiatives paying off EuroBonus members up 15% - now 4 million Summer program with 47 seasonal routes well received by

More information

Singapore Airlines Group Analyst/Media Briefing FY2012-13 13 RESULTS 17 MAY 2013 THE PARENT AIRLINE FY2012/13 RESULTS

Singapore Airlines Group Analyst/Media Briefing FY2012-13 13 RESULTS 17 MAY 2013 THE PARENT AIRLINE FY2012/13 RESULTS Singapore Airlines Group Analyst/Media Briefing FY2012-13 13 RESULTS 17 MAY 2013 THE PARENT AIRLINE FY2012/13 RESULTS THE PARENT AIRLINE COMPANY RESULTS FY2012/13 4Q/12 $million Better/ (Worse) $million

More information

AIRBERLIN. 2014 vs. 2013

AIRBERLIN. 2014 vs. 2013 AIRBERLIN FINANCIAL FIGURES 2014 FINANCIAL PERFORMANCE INDICATORS 2014 vs. 2013 in per cent 2014 2013 2012 Revenue (in million euros) +0.3 4,160.2 4,146.8 4,311.7 thereof: ticket sales (in million euros)

More information

Aegean Airlines Nine Month 2008 Results. Analysts Conference Call November 12, 2008

Aegean Airlines Nine Month 2008 Results. Analysts Conference Call November 12, 2008 Aegean Airlines Nine Month 2008 Results Analysts Conference Call November 12, 2008 Key Highlights Turnover increased 26% to 468.2m from 370.5m Total passengers served reached 4.6m, +13% above 2007 (+23%

More information

easyjet plc Year to 30 September 2011 Pre-close statement presentation

easyjet plc Year to 30 September 2011 Pre-close statement presentation EZYRIDER\Presentations\20110901 - Mgmt Strategy Presentation\Optimise returns MAIN - 190811 v 42.pptx easyjet plc Year to 30 September 2011 Pre-close statement presentation 1 EZYRIDER\Presentations\20110901

More information

SAS Q4 2013/2014 December, 2014

SAS Q4 2013/2014 December, 2014 SAS Q4 2013/20 December, 20 SAS delivers in line with guidance and introduces further efficiency measures Q4 EBT Full year EBT SEK 789* million SEK 347** million SAS EBT* SEK millions +188 789 Commercial

More information

airberlin interim financial report as of 30 september 2015

airberlin interim financial report as of 30 september 2015 airberlin interim financial report as of 30 september 2015 AIRBERLIN INTERIM FINANCIAL REPORT AS OF 30 SEPTEMBER 2015 1 FINANCIAL FIGURES Q3 Financial performance indicators Q3 2015 Q3 2014 9M 2015 9M

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

SAS Q1 2015/2016 TELECONFERENCE

SAS Q1 2015/2016 TELECONFERENCE SAS Q1 2015/2016 TELECONFERENCE 08.03.2016 Significantly improved earnings in Q1 Financials EBT improved MSEK 527 Passenger up 1% currency adjusted Jet fuel costs down SEK 0.8 billion Market Intensified

More information

facts and figures 2012

facts and figures 2012 facts and figures 2012 TRAVEL TIMES TO/FROM keflavik international airport ÍSAFJÖRÐUR GJÖGUR GRÍMSEY HÚSAVÍK ÞÓRSHÖFN BÍLDUDALUR Flight 40 min. Flight 40 min. / Driving 5 hours Flight 40 min. SAUÐÁR- KRÓKUR

More information

March 2015 Debt Investor Update

March 2015 Debt Investor Update March 2015 Debt Investor Update E u r o p e s O n l y U l t r a L o w C o s t C a r r i e r Proven, resilient business model Europe s lowest fares/lowest unit costs Europe s No 1, Traffic Europe s No 1,

More information

AT&T Global Network Client for Windows Product Support Matrix January 29, 2015

AT&T Global Network Client for Windows Product Support Matrix January 29, 2015 AT&T Global Network Client for Windows Product Support Matrix January 29, 2015 Product Support Matrix Following is the Product Support Matrix for the AT&T Global Network Client. See the AT&T Global Network

More information

FINANCIAL FIGURES 2015

FINANCIAL FIGURES 2015 FINANCIAL FIGURES 2015 FINANCIAL PERFORMANCE INDICATORS 2015 vs. 2014 in per cent 2015 2014 2013 Revenue (in million euros) 1.9 4,081.8 4,160.2 4,146.8 Flight revenue (in million euros) 2.6 3,709.4 3,808.2

More information

Information meeting. Cheuvreux Conference September 2010. Philippe Calavia CFO, Air France-KLM

Information meeting. Cheuvreux Conference September 2010. Philippe Calavia CFO, Air France-KLM Information meeting Cheuvreux Conference September 2010 Philippe Calavia CFO, Air France-KLM Air transportation: a growth industry CAGR 2001-11 GDP: +2.7% World Passenger traffic: +5.0% World cargo traffic:

More information

SAS Group Q4 2012 Media/analyst presentation

SAS Group Q4 2012 Media/analyst presentation SAS Group Q4 2012 Media/analyst presentation December 12, 2012 1 Break-even result in 2012 despite 1.6 bn SEK higher fuel cost 23 MSEK EBT (before non-recurring items) despite 1.6 bn SEK higher fuel cost

More information

FLUGHAFEN WIEN AG. Results Q1-3/2015

FLUGHAFEN WIEN AG. Results Q1-3/2015 FLUGHAFEN WIEN AG Results Q1-3/2015 Q1-3/2015: Improved traffic results - Disproportionally high increase in earnings Recovery of passenger volume: traffic results positive once again, showing 1.5% rise

More information

Finnair Q2 result info

Finnair Q2 result info Finnair Q2 result info 15 August 2014 CEO Pekka Vauramo CFO Erno Hildén 1 Product upgrades: Customers spoke, we listened Signature meals and new buy onboard menu, Sky Bistro Lounge renewals New In-flight

More information

Company Presentation. June 2007

Company Presentation. June 2007 Company Presentation June 2007 Forward Looking Statements FORWARD LOOKING STATEMENTS Except for historical information, the statements made or information contained in this presentation are forward-looking

More information

EASYJET TRADING STATEMENT FOR THE QUARTER ENDED 31 DECEMBER 2014

EASYJET TRADING STATEMENT FOR THE QUARTER ENDED 31 DECEMBER 2014 27 January 2015 easyjet Trading Statement Page 1 of 7 A. HIGHLIGHTS: EASYJET TRADING STATEMENT FOR THE QUARTER ENDED 31 DECEMBER 2014 Drive demand, conversion and yields across Europe Seats flown grew

More information

Q1-Q3 2014 Results Press and Analysts' Conference

Q1-Q3 2014 Results Press and Analysts' Conference Q1-Q3 2014 Results Press and Analysts' Conference Carsten Spohr Chairman of the Executive Board and CEO Simone Menne Member of the Executive Board and CFO Frankfurt, October 30 th 2014 Page 1 Disclaimer

More information

Norwegian Air Shuttle ASA (NAS) Q4 2003 and FY 2003. 24-26 February 2004

Norwegian Air Shuttle ASA (NAS) Q4 2003 and FY 2003. 24-26 February 2004 Norwegian Air Shuttle ASA (NAS) Q4 2003 and FY 2003 24-26 February 2004 Agenda Introduction Financials Q4 2003 and FY 2003 Norwegian low-fare operation Going forward 2004 2 Agenda Introduction Financials

More information

EASYJET TRADING STATEMENT FOR THE QUARTER ENDED 31 DECEMBER 2015

EASYJET TRADING STATEMENT FOR THE QUARTER ENDED 31 DECEMBER 2015 26 January 2016 easyjet Trading Statement Page 1 of 6 EASYJET TRADING STATEMENT FOR THE QUARTER ENDED 31 DECEMBER 2015 Continued robust commercial performance and strong management action on cost delivers

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 Preliminary FY Results 2011 Presentation March 1, 2012 ADVERTISING EVENTS E-RECRUITING... Successful execution of 2011 strategy PAID MEMBERSHIP

More information

Norwegian Air Shuttle ASA

Norwegian Air Shuttle ASA Norwegian Air Shuttle ASA Q1 2011 presentation April 28th 2011 Double digit revenue growth in Q1 Group revenues of MNOK 1,895 in Q1 2011, 19 % growth since last year Domestic revenue: MNOK 780 (+10%) International

More information

EASYJET TRADING STATEMENT FOR THE QUARTER ENDED 30 JUNE 2015

EASYJET TRADING STATEMENT FOR THE QUARTER ENDED 30 JUNE 2015 22 July 2015 easyjet Trading Statement Page 1 of 6 A. HIGHLIGHTS: EASYJET TRADING STATEMENT FOR THE QUARTER ENDED 30 JUNE 2015 easyjet performance in the quarter Good commercial performance with revenue

More information

Q1 2011 Results Presentation. Hamburg Stefan Gross-Selbeck (CEO) & Ingo Chu (CFO) May 10, 2011

Q1 2011 Results Presentation. Hamburg Stefan Gross-Selbeck (CEO) & Ingo Chu (CFO) May 10, 2011 Q1 2011 Results Presentation Hamburg Stefan Gross-Selbeck (CEO) & Ingo Chu (CFO) May 10, 2011 01 Q1 Highlights Strong financial performance Continuing good momentum in D-A-CH 1 member growth Verticals

More information

FLUGHAFEN WIEN AG. Q1/2015 Results

FLUGHAFEN WIEN AG. Q1/2015 Results FLUGHAFEN WIEN AG Q1/2015 Results Q1/2015: Earnings improvement despite weak traffic results Good business development of the company in Q1/2015: clearly improved net profit 1) of 14.1 million (+15.4%)

More information

SAS Q3 2013/14. More passengers chose SAS in a challenging market Q3 EBT MSEK 756

SAS Q3 2013/14. More passengers chose SAS in a challenging market Q3 EBT MSEK 756 SAS Q3 2013/14 1 1 More passengers chose SAS in a challenging market Q3 EBT MSEK 756 Operating gplatform improving SK unit cost down 5.6% in Q3* New organization in place to speed up transformation Commercial

More information

Industry Monitor. The EUROCONTROL bulletin on air transport trends. EUROCONTROL statistics and forecasts. Issue N 136. 22/12/11

Industry Monitor. The EUROCONTROL bulletin on air transport trends. EUROCONTROL statistics and forecasts. Issue N 136. 22/12/11 Issue N 136. 22/12/11 Industry Monitor The EUROCONTROL bulletin on air transport trends European flights down 1% in November, significantly lower than forecasted. The low-cost segment was down 3.8% on

More information

COMPARISON OF FIXED & VARIABLE RATES (25 YEARS) CHARTERED BANK ADMINISTERED INTEREST RATES - PRIME BUSINESS*

COMPARISON OF FIXED & VARIABLE RATES (25 YEARS) CHARTERED BANK ADMINISTERED INTEREST RATES - PRIME BUSINESS* COMPARISON OF FIXED & VARIABLE RATES (25 YEARS) 2 Fixed Rates Variable Rates FIXED RATES OF THE PAST 25 YEARS AVERAGE RESIDENTIAL MORTGAGE LENDING RATE - 5 YEAR* (Per cent) Year Jan Feb Mar Apr May Jun

More information

COMPARISON OF FIXED & VARIABLE RATES (25 YEARS) CHARTERED BANK ADMINISTERED INTEREST RATES - PRIME BUSINESS*

COMPARISON OF FIXED & VARIABLE RATES (25 YEARS) CHARTERED BANK ADMINISTERED INTEREST RATES - PRIME BUSINESS* COMPARISON OF FIXED & VARIABLE RATES (25 YEARS) 2 Fixed Rates Variable Rates FIXED RATES OF THE PAST 25 YEARS AVERAGE RESIDENTIAL MORTGAGE LENDING RATE - 5 YEAR* (Per cent) Year Jan Feb Mar Apr May Jun

More information

Finnair Q1 result info

Finnair Q1 result info Finnair Q1 result info 7 May 2014 CEO Pekka Vauramo CFO Erno Hildén 1 Updated mission and strategic targets 2 Our Mission Offer the smoothest connections in the northern hemisphere via Helsinki, and the

More information

Double digit revenue growth in Q4

Double digit revenue growth in Q4 Double digit revenue growth in Q4 Group revenues of MNOK 2,145 in Q4 2010, 23 % growth since last year Domestic revenue: MNOK 848 (+5%) International revenue: MNOK 1,297 (+37%) Revenues 1,145 1,615 1,750

More information

Company and its 12. Page IN EQUITY T OF CASH FLOWS AUDIT REVIEW OUTLOOK DIVIDEND

Company and its 12. Page IN EQUITY T OF CASH FLOWS AUDIT REVIEW OUTLOOK DIVIDEND TIGER AIRWAYS HOLDINGS LIMITED Co. Reg. No. 200701866W (Incorporated in the Republic of Singapore) THIRD QUARTER AND NINE MONTHS FINANCIAL STATEMENTS The Board of Directors (the Board ) of Tiger Airways

More information

Finnair Group Financial year January 1-December 31, 2001

Finnair Group Financial year January 1-December 31, 2001 Finnair Group Financial year January 1-December 31, 2001 State of the airline industry Business travel dropped dramatically Events of September 2001 From beauty contest to fight for survival Production

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 Q1 results May 6, 2014 Dr. Thomas Vollmoeller (CEO ) & Ingo Chu (CFO) Executive Summary Accelerating organic top-line growth of 16% Strongest

More information

Q2 2011 Results Presentation XING AG

Q2 2011 Results Presentation XING AG Q2 2011 Results Presentation XING AG Dr. Stefan Gross-Selbeck (CEO) & Ingo Chu (CFO) Hamburg, August 10, 2011 01 Q2 highlights Ongoing strong financial performance Re-acceleration of D-A-CH 1 member growth

More information

Finnair Q3 Result 2012. 26 October 2012

Finnair Q3 Result 2012. 26 October 2012 Finnair Q3 Result 2012 26 October 2012 1 Content Market environment in Q3 Business performance and strategy execution Outlook Financials 2 Finnair Q3 Result, 26 October 2012 Market Environment The global

More information

Norwegian Air Shuttle ASA

Norwegian Air Shuttle ASA Norwegian Air Shuttle ASA Q3 2010 Presentation October 21st 2010 Double digit revenue growth in Q3 Group revenues of MNOK 2,828 in Q3 2010, 24 % growth since last year Domestic revenue: MNOK 992 (+27 %)

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

NORWEGIAN AIR SHUTTLE ASA

NORWEGIAN AIR SHUTTLE ASA NORWEGIAN AIR SHUTTLE ASA FIRST QUARTER REPORT 2013 HIGHLIGHTS First quarter revenue up by 23% to MNOK 2,904 (2,360). RASK up 2% to 0.39, where yield was up 4% to 0.51 and load factor was down 1% to 76%.

More information

Agenda. Update on Transform 2015. 2012: first effects of plan. Reinforcement of our competitive advantages. Conclusions. Information meeting

Agenda. Update on Transform 2015. 2012: first effects of plan. Reinforcement of our competitive advantages. Conclusions. Information meeting Agenda Update on Transform 2015 2012: first effects of plan Reinforcement of our competitive advantages Conclusions 2 Transform 2015 Transform 2015: Levers and objectives 1 2 Limited capacity growth Investment

More information

AIRLINE INDUSTRY NEWS

AIRLINE INDUSTRY NEWS AIRLINE INDUSTRY NEWS AIRLINE INDUSTRY NEWS The airline industry structure has changed significantly over the past 5 years, with more than 10 low cost carriers entering the Greek market. Moreover, carriers

More information

Tim Howkins, CEO. Steve Clutton, Finance Director

Tim Howkins, CEO. Steve Clutton, Finance Director Tim Howkins, CEO Steve Clutton, Finance Director Highlights Revenue Revenue up 36% Earnings per share up 33% All parts of business contributed to growth Benefits of increased IT spend Proposed final dividend

More information

Q1 2016 analyst and investor presentation. Tuesday 26 January 2016

Q1 2016 analyst and investor presentation. Tuesday 26 January 2016 Q1 2016 analyst and investor presentation Tuesday 26 January 2016 Q1 performance Overview 1. Resilient commercial performance Robust demand environment drives strong start to the quarter Impact of Sharm

More information

Investor Relations Waterside (HCB3) PO Box 365 Harmondsworth Middlesex UB7 0GB Tel: +44 (0) 20 8738 6947 Fax: +44 (0) 20 8738 9602

Investor Relations Waterside (HCB3) PO Box 365 Harmondsworth Middlesex UB7 0GB Tel: +44 (0) 20 8738 6947 Fax: +44 (0) 20 8738 9602 INTERIM RESULTS 2003-2004 (unaudited) Three months ended Six months ended September 30 Better/ September 30 Better/ 2003 2002 (Worse) 2003 2002 (Worse) Turnover m 1,983 2,104 (5.8)% 3,815 4,156 (8.2)%

More information

FINANCIAL RESULTS Q1 2016

FINANCIAL RESULTS Q1 2016 FINANCIAL RESULTS Q1 2016 CFO Hallvard Granheim 28 th April 2016 Highlights Q1 Increase in underlying results (EBITDA) - Nordic prices are down 15% Q-on-Q - High production from Nordic hydropower assets

More information

Financial Results 3 rd Quarter MAR/2016 (FY2015)

Financial Results 3 rd Quarter MAR/2016 (FY2015) Financial Results MAR/2016 (FY2015) January 29 th, 2016 CONTENTS P.1 P.2 P.3 P.4~ Overview of FY MAR/16 Results Operating Revenue Operating Profit (JPY Bn) 1,030 1,020 1,010 +1.0Bn 1,022.3 1,023.4 (+0.1%)

More information

December 2010 2008 Interim Results 6 August 2008

December 2010 2008 Interim Results 6 August 2008 Cathay Pacific Airways 2010 Analyst & Investor Briefing Cathay Pacific Airways December 2010 2008 Interim Results 6 August 2008 1 Airline Strategy Grow our international network, expand frequencies and

More information

Photo: Bjørn Morgan / August 2014

Photo: Bjørn Morgan / August 2014 Norwegian Air Shuttle ASA Q3 2014 Presentation Photo: Bjørn Morgan / August 2014 Double digit revenue growth in Q3 driven by International Group revenues of MNOK 6,337 in Q3 2014 +30 % 6 000 5 000 4 000

More information

FLUGHAFEN WIEN AG. H1 Results/2015

FLUGHAFEN WIEN AG. H1 Results/2015 FLUGHAFEN WIEN AG H1 Results/2015 H1/2015: Slight recovery of traffic results in Q2 - Disproportional increase in earnings Passenger volume in H1/2015 down 0.8% year-on-year as a result of crisis regions

More information

INTERIM REPORT 1 Jan - 30 Jun 2002. Second quarter operational result better than last year

INTERIM REPORT 1 Jan - 30 Jun 2002. Second quarter operational result better than last year FINNAIR - GROUP INTERIM REPORT 1 Jan - 30 Jun 2002 Second quarter operational result better than last year Summary of second quarter key figures Turnover 421.1 million euros (Q2/2001: 440.2 million) Profit

More information

Q1 RESULTS 2015 30 APRIL 2015. Harald Wilhelm I Chief Financial Officer

Q1 RESULTS 2015 30 APRIL 2015. Harald Wilhelm I Chief Financial Officer 1 Q1 RESULTS 2015 30 APRIL 2015 Harald Wilhelm I Chief Financial Officer SAFE HARBOUR STATEMENT 2 Disclaimer This presentation includes forward-looking statements. Words such as anticipates, believes,

More information

World of Air Fares. Thea van de Loo

World of Air Fares. Thea van de Loo World of Air Fares Thea van de Loo Welcome and Program Welcome: Thea van de Loo World of Air Fares classes of service booking classes yield management alliances and Code Share Fare rules moment of booking

More information

Q4 2014 Highlights. 22% revenue growth y.o.y. Unit cost (CASK) increased by 3% y.o.y to NOK 0.43. NOK 0.5 bn loss related to hedges for 2015

Q4 2014 Highlights. 22% revenue growth y.o.y. Unit cost (CASK) increased by 3% y.o.y to NOK 0.43. NOK 0.5 bn loss related to hedges for 2015 Norwegian Air Shuttle ASA Q4 2014 Presentation Q4 2014 Highlights 22% revenue growth y.o.y Driven by long-haul expansion Received three new 737-800 s in Q4 replacing older aircraft 45% growth in ancillary

More information

FY RESULTS 27 FEBRUARY 2015. Tom Enders I Chief Executive Officer Harald Wilhelm I Chief Financial Officer

FY RESULTS 27 FEBRUARY 2015. Tom Enders I Chief Executive Officer Harald Wilhelm I Chief Financial Officer 1 FY RESULTS 27 FEBRUARY 2015 Tom Enders I Chief Executive Officer Harald Wilhelm I Chief Financial Officer SAFE HARBOUR STATEMENT 2 Disclaimer This presentation includes forward-looking statements. Words

More information

FINNAIR - GROUP. INTERIM REPORT Jan. 1- Jun. 30 2001. Operational result for January - June at the previous year s level, the second quarter weaker

FINNAIR - GROUP. INTERIM REPORT Jan. 1- Jun. 30 2001. Operational result for January - June at the previous year s level, the second quarter weaker FINNAIR - GROUP INTERIM REPORT Jan. 1- Jun. 30 2001 Operational result for January - June at the previous year s level, the second quarter weaker Turnover during the second quarter (1. Apr.- 30.Jun. 2001)

More information

61 new connections in Lufthansa s summer timetable

61 new connections in Lufthansa s summer timetable 61 new connections in Lufthansa s summer timetable Five new destinations and 61 new connections Services to and from Berlin increased fourfold New seasonal tourist destinations East Meadow, NY, March 8,

More information

FLUGHAFEN WIEN AG. Traffic Results 2015 and Business Outlook for 2016

FLUGHAFEN WIEN AG. Traffic Results 2015 and Business Outlook for 2016 FLUGHAFEN WIEN AG Traffic Results 2015 and Business Outlook for 2016 2015: New passenger record at Vienna Airport All-time high passenger volume of 22.8 million (+1.3%) Effects of crisis in Eastern Europe

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

Nordex SE Conference Call 9M 2012. Hamburg, 13/11/2012

Nordex SE Conference Call 9M 2012. Hamburg, 13/11/2012 Nordex SE Conference Call 9M 2012 Hamburg, 13/11/2012 AGENDA 1. Highlights 9M 2012 Dr. J. Zeschky 2. Financials 9M 2012 B. Schäferbarthold 3. Guidance 2012 and market outlook B. Schäferbarthold 4. Strategy

More information

NATIONAL CREDIT UNION SHARE INSURANCE FUND

NATIONAL CREDIT UNION SHARE INSURANCE FUND NATIONAL CREDIT UNION SHARE INSURANCE FUND PRELIMINARY & UNAUDITED FINANCIAL HIGHLIGHTS RENDELL L. JONES CHIEF FINANCIAL OFFICER MANAGEMENT OVERVIEW Balance Sheet Other - Insurance and Guarantee Program

More information

YOUR DAILY CONNECTION TO GREECE! www.aegeanair.com

YOUR DAILY CONNECTION TO GREECE! www.aegeanair.com YOUR DAILY CONNECTION TO GREECE! www.aegeanair.com About us Fly with us Our flight times are ideal to allow you to make the most of your holiday. Travel on our early afternoon flight and onwards to one

More information

2007 Interim Results. 09 May 2007

2007 Interim Results. 09 May 2007 2007 Interim Results 09 May 2007 1 Highlights Margin improved by 4.0pp as loss before tax reduced from 40m to 17m Total revenue grew by 14% to 719m Passenger revenues up 0.8% or 0.26 to 31.70 per seat

More information

Analysis One Code Desc. Transaction Amount. Fiscal Period

Analysis One Code Desc. Transaction Amount. Fiscal Period Analysis One Code Desc Transaction Amount Fiscal Period 57.63 Oct-12 12.13 Oct-12-38.90 Oct-12-773.00 Oct-12-800.00 Oct-12-187.00 Oct-12-82.00 Oct-12-82.00 Oct-12-110.00 Oct-12-1115.25 Oct-12-71.00 Oct-12-41.00

More information

Q1 Trading Update, FY 2011

Q1 Trading Update, FY 2011 ARYZTA AG Q1 Trading Update, FY 2011 29 November 2010 Forward Looking Statement This document contains forward looking statements which reflect management s current views and estimates. The forward looking

More information

Case 2:08-cv-02463-ABC-E Document 1-4 Filed 04/15/2008 Page 1 of 138. Exhibit 8

Case 2:08-cv-02463-ABC-E Document 1-4 Filed 04/15/2008 Page 1 of 138. Exhibit 8 Case 2:08-cv-02463-ABC-E Document 1-4 Filed 04/15/2008 Page 1 of 138 Exhibit 8 Case 2:08-cv-02463-ABC-E Document 1-4 Filed 04/15/2008 Page 2 of 138 Domain Name: CELLULARVERISON.COM Updated Date: 12-dec-2007

More information

February 2010/Q1-Q3 2009

February 2010/Q1-Q3 2009 TAG Immobilien AG February 2010/Q1-Q3 2009 TAG I 1 Content I. Group overview Investment case/ Structure Highlights Q3 page 3-6 II. Portfolio page 7-12 Residential Commercial Vacancy rates Q4/2009 III.

More information

Agenda. Conclusion of Transform 2015. Key Perform 2020 initiatives. Perform 2020 financial framework. Information meeting

Agenda. Conclusion of Transform 2015. Key Perform 2020 initiatives. Perform 2020 financial framework. Information meeting Information meeting Agenda Conclusion of Transform 2015 Key Perform 2020 initiatives Perform 2020 financial framework 2 Transform 2015: first phase of group turnaround accomplished Strict capacity discipline

More information

LAN AIRLINES Corporate Update. May, 2011

LAN AIRLINES Corporate Update. May, 2011 LAN AIRLINES Corporate Update May, 2011 This presentation may include forward-looking comments regarding the Company s business outlook and anticipated financial and operating results. These expectations

More information

-9% Interim report Q22013. Norwegian Air Shuttle ASA second quarter and first half. Unit cost: Unit cost NOK 0.42

-9% Interim report Q22013. Norwegian Air Shuttle ASA second quarter and first half. Unit cost: Unit cost NOK 0.42 Interim report Norwegian Air Shuttle ASA second quarter and first half Unit cost: -9% Unit cost NOK 0.42 Pre-tax profit of MNOK 277 and margin improvement of 3 p.p. International expansion contributes

More information

XING #1 Professional Social Network In German Speaking Europe. Q3 results November 6, 2013

XING #1 Professional Social Network In German Speaking Europe. Q3 results November 6, 2013 XING #1 Professional Social Network In German Speaking Europe Q3 results November 6, 2013 Executive Summary Strongest member growth in the last 18 months Continuing accelerating of top-line growth 2 major

More information

Press Release. Major Elements of the Consolidated Accounts. Balance Sheet

Press Release. Major Elements of the Consolidated Accounts. Balance Sheet Presse und Kommunikation MAIN TOWER Neue Mainzer Straße 52-58 60311 Frankfurt am Main www.helaba.de Tel.: +49 (0) 69 / 9132 2192 Wolfgang Kuß E-Mail: wolfgang.kuss@helaba.de Ursula-Brita Krück E-Mail:

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

JOHN MENZIES PLC INTERIM RESULTS PRESENTATION 1 8 A U GUST 2 0 1 5 JOHN MENZIES PLC 1

JOHN MENZIES PLC INTERIM RESULTS PRESENTATION 1 8 A U GUST 2 0 1 5 JOHN MENZIES PLC 1 JOHN MENZIES P L C INTERIM RESULTS PRESENTATION 1 8 A U GUST 2 015 JOHN MENZIES PLC 1 John Menzies plc Interim Results 18 August 2015 Agenda Headlines Jeremy Stafford Performance Overview Paula Bell Strategy

More information

First Quarter Results for the three months ended 31 December 2014 Thomas Cook reports further progress in line with expectations

First Quarter Results for the three months ended 31 December 2014 Thomas Cook reports further progress in line with expectations 11 February 2015 Financial highlights First Quarter Results for the three months ended 31 December 2014 Thomas Cook reports further progress in line with expectations Like-for-like Revenue increased by

More information

FLUGHAFEN WIEN AG. Traffic Results for 2013 and Outlook for the Company in 2014

FLUGHAFEN WIEN AG. Traffic Results for 2013 and Outlook for the Company in 2014 FLUGHAFEN WIEN AG Traffic Results for 2013 and Outlook for the Company in 2014 2013: Influenced by challenges Difficult international environment Difficult operating environment for the European aviation

More information

ETFs at SIX Swiss Exchange. Lugano, 23 November 2015

ETFs at SIX Swiss Exchange. Lugano, 23 November 2015 ETPD Stream 2015 ETFs at SIX Swiss Exchange Lugano, 23 November 2015 European ETF asset growth is ongoing Source: ETFGI, industry insights, October 2015 3 Market Status ETF Segment 1 118 listed ETFs (1

More information

CONFERENCE CALL. FY2013 Preliminary Results 21.03.2014

CONFERENCE CALL. FY2013 Preliminary Results 21.03.2014 CONFERENCE CALL FY2013 Preliminary Results 21.03.2014 FY 2013 COMPANY Highlights 2013 May Increase of the shareholdings to 100% in Altmarkt-Galerie Dresden as of 1 May 2013 67% were already owned by DES

More information

QBE INSURANCE GROUP Annual General Meeting 2009. All amounts in Australian dollars unless otherwise stated.

QBE INSURANCE GROUP Annual General Meeting 2009. All amounts in Australian dollars unless otherwise stated. Annual General Meeting 2009 All amounts in Australian dollars unless otherwise stated. John Cloney Chairman 2 Results of proxy voting A total of 4,874 valid proxy forms were received. The respective votes

More information

XING #1 Professional Social Network In German Speaking Europe. Q1 Results Presentation, May 6, 2013

XING #1 Professional Social Network In German Speaking Europe. Q1 Results Presentation, May 6, 2013 XING #1 Professional Social Network In German Speaking Europe Q1 Results Presentation, May 6, 2013 Executive Summary Continuing growth in members and activity in D-A-CH Solid top and bottom line growth

More information

A380 Commercial Update for JP Morgan

A380 Commercial Update for JP Morgan Jean-Pierre Dambrine A380 Marketing Director Commercial Update for JP Morgan 9 th Own the Sky All around the world All around the world The most efficient way to grow Network optimiser, yield booster The

More information

Financial Outlook: Prepared for all demand scenarios Investor Day 2011

Financial Outlook: Prepared for all demand scenarios Investor Day 2011 Financial Outlook: Prepared for all demand scenarios Investor Day 2011 Stephan Gemkow Member of the Executive Board and CFO Zurich, September 21 st, 2011 0 Growth expectations have been revised downwards

More information

UK Europe. Global Fares Guide Effective November 2004

UK Europe. Global Fares Guide Effective November 2004 UK Europe Global Fares Guide Effective November 2004 Important information Fares and conditions are correct at time of printing and are subject to change. Detailed conditions are held by your Travel Agent,

More information

Key figures as of June 30, 2013 1st half

Key figures as of June 30, 2013 1st half Never standing still. Interim Report as of June 30, 2013 Contents 2 Key figures as of June 30, 2013 1st half 3 Key figures as of June 30, 2013 2nd quarter 6 Strong revenue growth 12 Consolidated interim

More information

Norwegian Air Shuttle ASA

Norwegian Air Shuttle ASA Norwegian Air Shuttle ASA Q4 2015 Presentation 11 February 2016 Highlights Launched routes in Q4 to the Caribbean (Puerto Rico, St Croix, Martinique, Guadeloupe) and domestic Spain. New base in Italy in

More information

UPDATE ON CURRENT MACRO ENVIRONMENT

UPDATE ON CURRENT MACRO ENVIRONMENT 1 Oct 213 Macro & Strategy Equity Credit Commodities 13 13 #1 Global Strategy #1 Multi Asset Research #3 Global Economics #2 Equity Quant #2 Index Analysis #3 SRI Research 12 sector teams in the Top 1

More information