*in constant currencies, unless otherwise indicated
|
|
- Kathryn Patrick
- 8 years ago
- Views:
Transcription
1 14 July 2015 SECOND QUARTER AND FIRST HALF 2015 TRADING UPDATE Highlights* Group gross profit growth of 10.6%; continued growth in all four regions Ongoing FX headwinds lowered reported Q2 gross profit by c. 6.2m ( 11.0m total in H1) and growth rates by 4.6 percentage points to 6.0% in reported rates Strongest growth in UK +12.8%; Page Personnel UK +21% EMEA, excluding Russia, +13% Asia Pacific grew 5.6%; growth moderated by particularly strong Greater China comparator (+37% in Q2 2014) and challenging market conditions in Australia Improved growth in Americas +11.5%; strong growth in North America +21%; Latin America +4%, Brazil -15%, Latin America ex Brazil +30% 53% of fee earners now on our new operating system, PRS Fee earner to operational support staff ratio at record 77:23 *in constant currencies, unless otherwise indicated Q2 GROSS PROFIT ANALYSIS Reported ( m) Constant Year-on-year % of Group Q Q % % EMEA 38% % +11.4% UK 27% % +12.8% Asia Pacific 21% % +5.6% Americas 14% % +11.5% Total 100% % +10.6% Permanent 78% % +11.3% Temporary 22% % +8.1% H1 GROSS PROFIT ANALYSIS Reported ( m) Constant Year-on-year % of Group H H % % EMEA 39% % +11.8% UK 27% % +12.0% Asia Pacific 20% % +7.9% Americas 14% % +9.4% Total 100% % +10.8% Permanent 78% % +11.0% Temporary 22% % +9.8%
2 Commenting, Steve Ingham, Chief Executive Officer said: The 10.6% increase in the Group s gross profit reflects continued year-on-year growth in all four regions with the UK and Americas showing improved growth rates from Q1. Our five high potential markets of Germany, Greater China, South East Asia, the US and Latin America are now performing at a record level. EMEA, when adjusted for the effect of closing our business in Russia, grew in line with Q1. The Asia Pacific growth rate slowed in Q2, but this was due to a particularly strong Q comparator for Greater China of +37%. In reported rates, Q2 gross profit was up 6.0% to 145.3m. As previously highlighted, foreign exchange movements continued in Q2 lowering our reported figure by 4.6 percentage points, equivalent to 6.2m of gross profit. This has also impacted our first half reported operating profit by 2m. Our fee earner to operational support staff ratio returned to its record level of 77:23 in Q2, with our ongoing focus on conversion rates and maximising productivity from the investment in 468 fee earners added in We have committed to increase our number of fee earners during the second half and will continue to add selectively in our high potential markets as well as those regions where market conditions support investment. Our two key initiatives outside of the operational performance of the business: the roll-out of our new operating system, PRS, and the creation of a shared service centre for Europe, have progressed well and are on target in Q2. 53% of all fee earners now operate on PRS with the most recent successful roll-outs in Switzerland, Asia and Germany. We are pleased with our performance in Q2 and the outlook is positive for all our regions in the second half. We remain focused on productivity and ensuring that our conversion continues to improve at a steady rate. Excluding the effects of foreign exchange movements during the second quarter, forecast to reduce full year operating profit by an additional 4m ( 2m in Q1, 6m in total), the Board s expectations for the full year results remain unchanged. Enquiries: PageGroup +44 (0) Steve Ingham, Chief Executive Officer Kelvin Stagg, Chief Financial Officer FTI Consulting +44 (0) Richard Mountain / Susanne Yule
3 Further information: PageGroup will host a presentation for analysts and investors at 9.00am on 14 July 2015 at: FTI Consulting 200 Aldersgate Aldersgate Street London EC1A 4HD A conference call facility is available for analysts and investors unable to attend, details of which are below: Please use the following dial-in numbers to join the conference quoting PageGroup to gain access to the call: United Kingdom (Local) All other locations A presentation and recording to accompany the Q2 Trading Update Presentation will be posted on the Company's website during the course of the morning of 14 July 2015 at: PageGroup will issue its interim results for the six months ending 30 June 2015 on 13 August 2015, followed by its Third Quarter 2015 Interim Management Statement on 13 October 2015.
4 Group Trading Update Michael Page International plc ( PageGroup ) delivered Q2 gross profit of 145.3m, up 6.0% in reported rates and up 10.6% in constant currencies, with growth in all four regions. Currency movements impacted gross profit negatively by c. 6.2m in Q2 and by c. 11.0m in the first half. Headcount In the first half, our key priority was to improve productivity as we brought the fee earners added last year and in Q1 up to speed. As a result, fee earner headcount grew by only 25 in the first half to total fee earners of 4,303, with a total headcount of 5,622. Productivity improved by 9% on Q1, with particular improvements seen in the UK (+8%), Page Personnel France (+11%) and Greater China (+34%). Despite the increase in the pace of the roll-out of PRS, our new operating system, and the continued transition of operational support to a shared service centre for Continental Europe, with associated short-term dual running in some areas, our fee earner to operational support staff ratio returned to the Q record of 77:23. We have committed to increase our number of fee earners during the second half and will continue to add selectively in our high potential markets as well as those regions where market conditions support investment. One-off items In the first half, there are a number of one-off items within underlying operating profit. We closed our Russia business; the costs associated with exiting this market are expected to be c. 1m. We are also establishing a European shared service centre; as such there are associated transition costs which stand at c. 1m for the year to date. There is also an additional 2.1m cost resulting from higher share based payment charges, principally as a result of the increase in the share price from 411p at 31 December to 545p at the half year. We have also made the decision to re-life our new operating system, PRS. With the majority of the Group s fee earners going live on the system in 2015, we have aligned the 5 year useful life of the system with the timing of the benefit. The effect of this decision has reduced this year s amortisation charge by c. 1.5m at the half year and we expect the full year reduction in the charge to be c. 3m. Perm/Temp mix In constant currencies, permanent recruitment grew at 11.3% compared to temporary recruitment which grew at 8.1%. Group gross profit from permanent recruitment grew 7.2% to 113.3m (Q2 2014: 105.8m) and temporary recruitment grew 2.1% to 32.0m (Q2 2014: 31.3m). This resulted in a ratio of permanent to temporary recruitment of 78:22.
5 Q2 GROSS PROFIT DISCIPLINE ANALYSIS Reported ( m) Constant Year-on-year % of Group Q Q % % Finance & Accounting 40% % +10.1% Legal, Technology, HR, Secretarial, 21% % +15.6% Healthcare Engineering, Property & Construction, Procurement & Supply Chain 19% % +6.6% Marketing, Sales & Retail 20% % +10.3% Total 100% % +10.6% H1 GROSS PROFIT DISCIPLINE ANALYSIS Reported ( m) Constant Year-on-year % of Group H H % % Finance & Accounting 40% % +11.3% Legal, Technology, HR, Secretarial, 21% % +13.8% Healthcare Engineering, Property & Construction, 19% % +6.7% Procurement & Supply Chain Marketing, Sales & Retail 20% Total 100% % +6.6% +10.6% +10.8% Geographical analysis (unless otherwise stated all growth rates are in constant currency) EMEA Gross Profit ( m) Growth Rates (38% of Group) Reported Constant Q vs. Q % +11.4% H vs. H % +11.8% Headcount at 30 June 2015: 2,154 (31 December 2014: 2,113) Gross profit growth in constant currencies: France (12% of Group) +7% on Q Germany (6% of Group) +15% on Q EMEA grew Q2 gross profit by 11.4% compared to 2014 (Q1 2015: 12.1%) and by 13% if adjusted for the effects of closing our business in Russia during Q1 (Q1 2015: 13%). Page Personnel performed well across the region, with growth of 16%. Growth in France improved slightly over the first quarter, up 7% (Q1 +5%), as productivity from the new heads added in Page Personnel in late 2014 continued to rise, up 11% on Q In Germany, strong growth continued at 15%, with Page Personnel up 28%. Benelux, Switzerland, Poland and Southern Europe all continued to perform well. In the Middle East, which was impacted by the fall in the oil price and ongoing
6 political instability, growth was flat on 2014; however the UAE still recorded a gross profit record in the quarter. The EMEA region exited the quarter well, with June being its highest gross profit month since October UK Gross Profit ( m) Growth Rates (27% of Group) Q vs. Q % H vs. H % Headcount at 30 June 2015: 1,453 (31 December 2014: 1,441) UK gross profit grew 12.8%, up on the previous quarter (Q %), despite the General Election which caused a brief drop in activity. Page Personnel, which represents 21% of the UK, again performed strongly, up 21%. In Michael Page, our Finance & Accounting, Legal, Procurement & Supply Chain and Property & Construction businesses all performed well. The market has been consistently strong all year, with good levels of demand and candidate shortages which are providing some degree of pricing leverage, particularly in our temp business. The mix of gross profit and growth rates of Private Sector (88%) and Public Sector (12%) remained in line with the last few quarters at 13% and 11% respectively. Asia Pacific Gross Profit ( m) Growth Rates (21% of Group) Reported Constant Q vs. Q % +5.6% H vs. H % +7.9% Headcount at 30 June 2015: 1,138 (31 December 2014: 1,141) Gross profit growth in constant currencies: Asia (15% of Group) +9% on Q Greater China (61% of Asia) +11% on Q South East Asia (21% of Asia) +6% on Q Australia / New Zealand (6% of Group) -2% on Q Asia Pacific gross profit grew 5.6%, producing a record quarterly gross profit, which reflected strong growth in Asia (against a particularly strong comparator of 25.0% in Q2 2014) and ongoing tough economic conditions in Australia. Asia grew 9% (Q1 2015: 14%), driven by a record quarter in Greater China, which grew 11%, despite the exceptional 37% growth seen in Q South East Asia grew 6%, with Malaysia up 48% and Indonesia, our newest country, performing well. In Australasia, which was down 2%, we saw a strong performance from our newer Page Personnel business, up 21%. However, this was offset by our Michael Page business, which was down 6%, with particularly difficult trading conditions experienced in Queensland and Victoria.
7 Americas Gross Profit ( m) Growth Rates (14% of Group) Reported Constant Q vs. Q % +11.5% H vs. H % +9.4% Headcount at 30 June 2015: 877 (31 December 2014: 883) Gross profit growth in constant currencies: Latin America (7% of Group) +4% on Q Brazil (43% of LatAm) -15% on Q Mexico (27% of LatAm) +33% on Q North America (7% of Group) +21% on Q The Americas grew 11.5% in constant currencies, up from 7.1% in Q1. North America delivered a record quarter from both the USA and Canada, combined up 21%, against strong comparators. In the USA, this was driven by a stand-out performance in New York, but we also saw improvements in both our Chicago and Los Angeles offices, where we expect to build a significant market presence. Canada continued to perform well, with good results across all our offices. Latin America was up 4%, despite variable market conditions across the region. Brazil (43% of LatAm) experienced another challenging quarter, down 15%, which was in line with Q The political and economic uncertainty continued to impact trading conditions in Brazil and, with this expected to continue for some time, we reduced our fee earner headcount by 20, or 11%. Elsewhere our other countries, which now represent 57% of LatAm, had another strong quarter, growing at 30%. Our performances in Mexico and Argentina were particularly strong. Financial Position Other than the effects of trading in the first half and the payment of a final dividend of 23.7m for 2014, there have been no significant changes in the financial position of the Group since the publication of the results for the year ended 31 December Net cash at 30 June 2015 was approximately 100m (31 March 2015: 102m). Shares At 30 June 2015 there were 325,503,064 Ordinary shares in issue, of which 15,014,320 were held by the Employee Benefit Trust (EBT). The rights to receive dividends and to exercise voting rights have been waived by the EBT over 12,732,318 shares and consequently these shares should be excluded when calculating earnings per share. The total number of voting rights in the Company is 325,503,064.
8 Cautionary Statement This Second Quarter and First Half 2015 Trading Update has been prepared solely to provide additional information to shareholders to assess the Group s strategies and the potential for those strategies to succeed. The Trading Update should not be relied on by any other party or for any other purpose. This Trading Update contains certain forward-looking statements. These statements are made by the Directors in good faith based on the information available to them up to the time of their approval of this report and such statements should be treated with caution due to the inherent uncertainties, including both economic and business risk factors, underlying any such forward-looking information. This Trading Update has been prepared for the Group as a whole and therefore gives greater emphasis to those matters that are significant to PageGroup and its subsidiary undertakings when viewed as a whole.
FTI Consulting +44 (0)20 3727 1340 Richard Mountain / Susanne Yule
13 October 2015 THIRD QUARTER 2015 INTERIM MANAGEMENT STATEMENT Highlights* 10.2% Group gross profit growth, good contributions from all four regions FX lowered gross profit by c. 7m (c. 18m YTD) Double-digit
More informationSecond Quarter and First Half 2015 Trading Update
Second Quarter and First Half 2015 Trading Update Trading Performance Year-on-Year Gross Profit Reported ( m) Constant 2015 2014 % % Q2 145.3 137.1 +6.0% +10.6% H1 281.0 263.7 +6.6% +10.8% Q2 Gross Profit
More informationBusiness Entities - Review of the PageGroup: Large, High Potential Markets
Second Quarter 2014 Trading Update 15 July 2014 PageGroup Second Quarter 2014 Trading Update 2 Overview Group Q2 Gross Profit +9% in constant currency +2% in reported rates Y-o-Y growth in all regions
More informationSecond Quarter 2015 Investor Conference Call
Second Quarter 2015 Investor Conference Call August 20, 2015 December 13, 2012 DRAFT 5 Safe Harbor Basis of Presentation Unless otherwise noted or unless the context otherwise requires, all references
More informationConsolidated Financial Results for the First Two Quarters of the Fiscal Year Ending March 31, 2016 (Japan GAAP)
Consolidated Financial Results for the First Two Quarters of the Fiscal Year Ending March 31, 2016 (Japan GAAP) Name of Listed Company: Yokogawa Electric Corporation (the Company herein) Stock Exchanges
More informationFORACO INTERNATIONAL REPORTS Q3 2014
NEWS RELEASE FORACO INTERNATIONAL REPORTS Q3 2014 Toronto, Ontario / Marseille, France Tuesday, November 4, 2014 Foraco International SA (TSX:FAR) (the Company or Foraco ), a leading global provider of
More informationCarat forecasts growth of 5.0% for 2012 and 5.3% in 2013 with digital advertising overtaking newspapers sooner than expected
23 August 2012 Carat forecasts growth of 5.0% for 2012 and 5.3% in 2013 with digital advertising overtaking newspapers sooner than expected Carat, the world s leading independent media communications agency,
More informationPerformance in line; outlook for the full year remains unchanged
CPPGROUP PLC 26 OCTOBER 2012 INTERIM MANAGEMENT STATEMENT Performance in line; outlook for the full year remains unchanged CPPGroup Plc ("CPP" or the "Group") today publishes its Interim Management Statement
More informationHSBC Holdings plc and HSBC Bank Canada Presentation to Fixed Income Investors. September 2013
Holdings plc and Bank Canada Presentation to Fixed Income Investors September 2013 Forward-looking statements This presentation, including the accompanying slides and subsequent discussion, contains certain
More informationOntex Q3 2015: Trading in line with Company expectations and full year outlook reiterated
Ontex Q3 2015: Trading in line with Company expectations and full year outlook reiterated Aalst-Erembodegem, November 5, 2015 - Ontex Group NV (Euronext Brussels: ONTEX; Ontex, the Group or the Company
More informationFinancial 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 informationMakita Corporation. Consolidated Financial Results for the nine months ended December 31, 2007 (U.S. GAAP Financial Information)
Makita Corporation Consolidated Financial Results for the nine months ended (U.S. GAAP Financial Information) (English translation of "ZAIMU/GYOSEKI NO GAIKYO" originally issued in Japanese language) CONSOLIDATED
More informationON TRACK TO MEET FULL YEAR EXPECTATIONS. Overview. Strategic Highlights. Alison Cooper, Chief Executive, commented
ON TRACK TO MEET FULL YEAR EXPECTATIONS Overview First quarter performance in line with guidance and on track to meet full year outlook US business performing well and to plan Tobacco net revenue up 16.6%
More informationRemarks by George Quinn (slides 2 to 12), Chief Financial Officer of Zurich Insurance Group.
Q1 Results 2015 Remarks by George Quinn (slides 2 to 12), Chief Financial Officer of Zurich Insurance Group. May 7, 2015 Slide 2: Key highlights Good morning or good afternoon. My name is George Quinn
More informationVerifone Reports Results for the Second Quarter of Fiscal 2016
Verifone Reports Results for the Second Quarter of Fiscal 2016 SAN JOSE, Calif. (BUSINESS WIRE) Verifone (NYSE: PAY), a world leader in payments and commerce solutions, today announced financial results
More information2015 Second Quarter Business Review (unaudited) July 23, 2015
2015 Second Quarter Business Review (unaudited) July 23, 2015 1 Forward Looking Statement This presentation contains forward-looking information about 3M's financial results and estimates and business
More informationWOLSELEY PLC. m Q3 2014 Q3 2013 Change Change (at constant exchange rates) 3,115 3,229. Closed, disposed of or held for sale (2) (4)
WOLSELEY PLC 3 June 2014 Interim Management Statement for the third quarter to 30 April 2014 m Q3 2014 Q3 2013 Change Change (at constant exchange rates) change (3) Ongoing businesses (1) 3,048 3,074 (0.8%)
More informationHALF YEAR REPORT SIX MONTHS ENDED 31 DECEMBER 2012. 28 February 2013
HALF YEAR REPORT SIX MONTHS ENDED 31 DECEMBER 2012 28 February 2013 RESILIENT PROFIT PERFORMANCE DELIVERED THROUGH SELECTIVE INVESTMENT & STRONG COST CONTROL Six months ended 31 December (In s million)
More informationInformatIon Nine-month business update 2012 8 November 2012
Information Nine-month business update 2012 8 November 2012 Kuoni: higher turnover and improved operating earnings in the first nine months of 2012 Kuoni Group s turnover increased 17.5% to CHF 4476 million
More informationThe ReThink Group plc ( ReThink Group or the Group ) Unaudited Interim Results. Profits double as strategy delivers continued improved performance
The ReThink Group plc ( ReThink Group or the Group ) Unaudited Interim Results Profits double as strategy delivers continued improved performance The Group (AIM: RTG), one of the UK s leading recruitment
More information1st quarter results 2015. 2nd quarter results 2015. 3rd quarter results 2015
Q1 Q2 1st quarter results 2015 2nd quarter results 2015 Q3 Q4 3rd quarter results 2015 4th quarter results 2015 1 contents q3: Solid profitable growth 2 financial performance 3 Core data 3 Invested capital
More informationHalf year results 2011
Half year results 2011 29 July 2011 Bert De Graeve, Chief Executive Officer Bruno Humblet, Chief Financial Officer Address by Bert De Graeve, Chief Executive Officer Introductory remark The consolidated
More informationExova PLC Investor Conference Call 29 November 2013
Exova PLC Investor Conference Call 29 November 2013 2 Forward looking statements This document contains certain forward looking statements based on knowledge and information available to the directors
More informationDocument Management Market Forecast: 2009-2013 ~~~
Document Management Market Forecast: 2009-2013 ~~~ Market Assessment November 2009 DOCUMENT MANAGEMENT MARKET FORECAST: 2009-2013 About is a specialist BPO analyst company. provides buy-side and sell-side
More informationWOLSELEY PLC. Interim Management Statement for the 3 months to 31 October 2011
WOLSELEY PLC Interim Management Statement for the 3 months to 31 October 2011 6 December 2011 Quarter ended 31 October ( m) 2011 Like-for-like 1 3,641 3,471 +5% +5% Gross profit 988 938 +5% profit 2 185
More informationEMPRESARIA GROUP PLC
5 September EMPRESARIA GROUP PLC Half Yearly Results for the six months ended Empresaria Group plc ( Empresaria or the Group, AIM: EMR), the international specialist staffing group announces its unaudited
More informationIG Group Holdings plc ( IG or the Group ) today announces interim results for the six month period ended 30 November 2007.
14 January 2008 IG GROUP HOLDINGS PLC Interim Results for the six months ended 30 November 2007 IG Group Holdings plc ( IG or the Group ) today announces interim results for the six month period ended
More informationHR Outsourcing Market Forecast: 2012-2016 ~~~
HR Outsourcing Market Forecast: 2012-2016 ~~~ Market Assessment August 2012 About is a specialist BPO analyst company. provides buy-side and sell-side organizations with deeper research and analyses in
More informationHow To Profit From Brambles
Brambles Limited ABN 89 118 896 021 Level 40 Gateway 1 Macquarie Place Sydney NSW 2000 Australia GPO Box 4173 Sydney NSW 2001 Tel +61 2 9256 5222 Fax +61 2 9256 5299 www.brambles.com 23 February 2015 The
More informationConsolidated Financial Results for the First Three Quarters of the Fiscal Year Ending March 31, 2016 (Japan GAAP)
Consolidated Financial Results for the First Three Quarters of the Fiscal Year Ending March 31, 2016 (Japan GAAP) Name of Listed Company: Yokogawa Electric Corporation (the Company herein) Stock Exchanges
More informationPREMIER FARNELL PLC FY13 THIRD QUARTER CONFERENCE CALL 6 TH DECEMBER 2012. 2012 Premier Farnell plc
PREMIER FARNELL PLC FY13 THIRD QUARTER CONFERENCE CALL 6 TH DECEMBER 2012 0 REACTING TO CHALLENGING MARKET CONDITIONS Markets remain challenging in Q3 Sales per day (SPD) down 1.6% YOY, in line with decline
More informationConsolidated Financial Results for the First Quarter of the Fiscal Year Ending March 31, 2016 (Japan GAAP)
Consolidated Financial Results for the First Quarter of the Fiscal Year Ending March 31, 2016 (Japan GAAP) Name of Listed Company: Yokogawa Electric Corporation (the Company herein) Stock Exchanges Where
More information2015 Growth in data center employment continues but the workforce is changing
Published in Conjunction with MARKET BRIEFING GLOBAL DATA CENTER EMPLOYMENT 2015 2015 Growth in data center employment continues but the workforce is changing Globally, the number of people working in
More informationN E W S R E L E A S E INTERIM MANAGEMENT STATEMENT
N E W S R E L E A S E 19 November 2015 INTERIM MANAGEMENT STATEMENT CRH plc, the international building materials group, issues the following Interim Management Statement in accordance with the reporting
More informationGlobal BPO Market Forecast: 2014-2018
Global BPO Market Forecast: 2014-2018 Market Forecast Report Abstract June 2014 By John Willmott BPO Market Development program NelsonHall 233 pages research.nelsonhall.com Who Is This Report For? NelsonHall
More informationAdecco returns to growth in October
Adecco returns to growth in October Improving revenue trends and strong profitability in Q3 2013 Q3 2013 HIGHLIGHTS Revenues flat in constant currency Gross margin of 18.7%, up 80 bps SG&A down 2% in constant
More informationMEDIA RELEASE SIKA WITH STRONG GROWTH IN EMERGING MARKETS
DATUM 1 / 6 Zugerstrasse 50 6341 Baar, Switzerland www.sika.com CONTACT TELEPHONE E MAIL Dominik Slappnig Corporate Communications & Investor Relations +41 58 436 68 21 slappnig.dominik@ch.sika.com SIKA
More informationBank of America Merrill Lynch Banking & Financial Services Conference
Bank of America Merrill Lynch Banking & Financial Services Conference Manuel Medina Mora Chairman of the Global Consumer Banking Council November 17, 2010 Consumer Banking in Citicorp Agenda Our Business
More informationManagement Consulting Group PLC Half-year report 2014
Management Consulting Group PLC x Management Consulting Group PLC Management Consulting Group plc provides management expertise, guidance and professional services to many of the world s leading companies.
More informationFerrari posted a record Q3 2015 performance
Ferrari posted a record Q3 2015 performance Shipments were 1,949 units, up 21% Net revenues were up 9% (3% at constant currencies) to Euro 723 million EBIT reached Euro 141 million, 610bps margin increase
More informationChasing growth in a constrained environment
Chasing growth in a constrained environment Bernard Fontana CEO June 14, 2012 Agenda 1 Drivers of demand growth 2 Allocating the asset footprint according to demand 3 Growth from customer excellence &
More informationNEWS. RSA Insurance Group plc Q3 2015 Interim Management Statement 5 November 2015
NEWS RSA Insurance Group plc Q3 Interim Management Statement 5 November Nine month results at RSA show strong positive momentum, with Q3 profit trends well above 2014 and improving again on those reported
More informationPROUD TO BE ONE OF THE WORLD S MOST RESPECTED AND GLOBALLY DIVERSE RECRUITMENT CONSULTANCIES
ANNUAL REPORT AND ACCOUNTS CONTENTS OUR CORE VALUES Overview Our five values are key to our success. They form a platform for our methods, approach to business and staff motivation. More than mere words,
More informationGlobal Real Estate Outlook
Global Real Estate Outlook August 2014 The Hierarchy of Economic Performance, 2014-2015 China Indonesia India Poland South Korea Turkey Australia Mexico United Kingdom Sweden United States Canada South
More informationFOSSIL 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 informationGrandVision reports Revenue growth of 13.8% and EPS growth of 31.7%
GrandVision reports Revenue of 13.8% and EPS of 31.7% Schiphol, the Netherlands 16 March 2015. GrandVision NV (EURONEXT: GVNV) publishes Full Year and Fourth Quarter 2015 results. 2015 Highlights Revenue
More informationRemarks by George Quinn (slides 2, 11 and 12), Chief Financial Officer, and Vibhu Sharma (slides 3 to 10), Group Controller of Zurich Insurance Group.
Q1 Results 2014 Remarks by George Quinn (slides 2, 11 and 12), Chief Financial Officer, and Vibhu Sharma (slides 3 to 10), Group Controller of Zurich Insurance Group. May 15, 2014 Slide 2: Key messages
More informationDevelopment of the Client-Focused, Capital-Efficient Business Model
Development of the Client-Focused, Capital-Efficient Business Model David Mathers, Chief Operating Officer, Investment Bank at the Goldman Sachs European Financials Conference, Madrid, June 10, 2010 Cautionary
More informationStandard Chartered today releases its Interim Management Statement for the third quarter of 2015.
Standard Chartered PLC Interim Management Statement 3 November 2015 Standard Chartered today releases its Interim Management Statement for the third quarter of 2015. Bill Winters, Group Chief Executive,
More informationSlide 1, Opening Matt Ginter, Treasurer and Vice President, Investor Relations
Q3 2015 Earnings Call Transcript Inge Thulin & Nicholas Gangestad October 22, 2015 Slide 1, Opening Matt Ginter, Treasurer and Vice President, Investor Relations Thank you and good morning everyone. Welcome
More informationConsumer Credit Worldwide at year end 2012
Consumer Credit Worldwide at year end 2012 Introduction For the fifth consecutive year, Crédit Agricole Consumer Finance has published the Consumer Credit Overview, its yearly report on the international
More informationNEWS RELEASE 16 July 2008. Wolseley plc Pre-Close Period Trading Statement for the eleven months ended 30 June 2008
NEWS RELEASE 16 July 2008 Wolseley plc Pre-Close Period Trading Statement for the eleven months ended 30 June 2008 Wolseley plc, the world s largest specialist trade distributor of plumbing and heating
More informationSteve Schmitt Vice President, Investor Relations & Corporate Strategy
NEWS Steve Schmitt Vice President, Investor Relations & Corporate Strategy Yum! Brands Reports First-Quarter EPS Decline of 8%, Excluding Special Items; Maintains Full-Year Guidance of at least 10% EPS
More informationW.W. Grainger, Inc. First Quarter 2015 Results Page 1 of 9
W.W. Grainger, Inc. First Quarter 2015 Results Page 1 of 9 News Release GRAINGER REPORTS RESULTS FOR THE 2015 FIRST QUARTER Revises 2015 Guidance Quarterly Summary Sales of $2.4 billion, up 2 percent Operating
More informationFURTHER 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 informationFinancial supplement 2013. Zurich Insurance Group Annual Report 2013
Financial supplement 2013 Zurich Insurance Group Annual Report 2013 2 Contents Results for the Year ended December 31, 2013 Financial supplement (unaudited) Financial highlights (unaudited) Business operating
More informationEmpresaria Group plc Annual Report 2014. An international specialist staffing group. Balance and diversity runs through our business.
Empresaria Group plc Annual Report An international specialist staffing group. Balance and diversity runs through our business. Annual Report & Accounts Empresaria Group plc Annual Report About Empresaria
More informationGrandVision reports 2.8 billion Revenue and 449 million EBITDA for 2014
GrandVision reports 2.8 billion Revenue and 449 million EBITDA for 2014 Schiphol, the Netherlands 18 March 2015. GrandVision N.V. publishes Full Year and Quarter 2014 results. 2014 Highlights Revenue grew
More informationGLOBAL DATA CENTER INVESTMENT 2013
2013 CENSUS REPORT: Global Data Center Investment 2013 GLOBAL DATA CENTER INVESTMENT 2013 2013 - Healthy Growth in Data Center Investment Globally Globally, the data center industry has continued to maintain
More informationLafargeHolcim announces Q4 and FY 2015 results
Zurich, March 7, 206 LafargeHolcim announces Q4 and FY 205 results CHF 83m free cash flow drives CHF bn of debt reduction in fourth quarter, despite continuing challenging conditions in selected markets
More informationTalent2 International Limited Analyst Presentation 2011 Full Year Results
Talent2 International Limited Analyst Presentation 2011 Full Year Results Full Year Results FY 2011 FY 20 Growth Revenue $306.1m $242.6m 26% Gross Profit $194.0m $156.5m 24% Reported EBITDA $30.0m $19.8m
More informationSUB: STANDARD CHARTERED PLC (THE "COMPANY") STOCK EXCHANGE ANNOUNCEMENT
April 26, 2016 To, Ms. D'souza AVP, Listing Department National Stock Exchange of India Exchange Plaza Bandra Complex Bandra (East) 400 001 Limited SUB: STANDARD CHARTERED PLC (THE "COMPANY") STOCK EXCHANGE
More informationEXPERTS IN A COMPLEX WORLD
EXPERTS IN A COMPLEX WORLD Annual Report & Financial Statements 2013 Pg02 OVERVIEW Pg12 STRATEGY Pg24 PERFORMANCE Pg44 GOVERNANCE Pg80 FINANCIAL STATEMENTS HAYS AT A GLANCE KEY STATS AND FACTS NET FEES
More informationHalma has a very long record of growing its dividend, increasing it by 5% or more for every one of the last 35 years.
Financial Review Long-term model delivering widespread growth This is another set of record results with widespread growth in all sectors and all regions. High returns were maintained and good cash generation
More informationFOSSIL GROUP, INC. REPORTS THIRD QUARTER 2014 RESULTS. Third Quarter Net Sales Increase 10% to $894 Million; Diluted EPS Increases 24% to $1.
FOSSIL GROUP, INC. REPORTS THIRD QUARTER RESULTS Third Quarter Net Sales Increase 10% to $894 Million; Diluted EPS Increases 24% to $1.96 Updates Full Year Guidance and Provides Fourth Quarter Guidance
More informationGOŚĆ SPECJALNY. Ann Swain CEO APSCo (Association of Professional Staffing Companies) KAPITALIZACJA ŚWIATOWYCH TRENDÓW W REKRUTACJI
GOŚĆ SPECJALNY Ann Swain CEO APSCo (Association of Professional Staffing Companies) KAPITALIZACJA ŚWIATOWYCH TRENDÓW W REKRUTACJI Capitalising On The Global Trends For Recruitment Ann Swain, CEO, APSCo
More informationFirst Quarter 2015 Earnings Conference Call. May 12, 2015
First Quarter 2015 Earnings Conference Call May 12, 2015 Forward Looking Statements Statements made in this presentation that relate to our future performance or future financial results or other future
More informationManpowerGroup Second Quarter Results
ManpowerGroup Second Quarter Results July 21, 2015 FORWARD-LOOKING STATEMENT This presentation contains includes forward-looking statements, including statements financial which projections, are subject
More informationGlobal Investment Trends Survey May 2015. A study into global investment trends and saver intentions in 2015
May 2015 A study into global investment trends and saver intentions in 2015 Global highlights Schroders at a glance Schroders at a glance At Schroders, asset management is our only business and our goals
More informationGLOBAL DATA CENTER SPACE 2013
2013 CENSUS REPORT: Global Data Center Space 2013 GLOBAL DATA CENTER SPACE 2013 Top 3 data center markets account for almost half of all global data center space. In spite of a slowdown in the amount of
More informationSecond Quarter Results of Operations
PRESS RELEASE Besi Posts Strong Q2 and H1-15 Results. Significant Expansion of Net Cash Position vs. 14 Duiven, the Netherlands, July 23, - BE Semiconductor Industries N.V. (the Company" or "Besi") (Euronext
More informationSignificant result increase due to higher sales volumes and efficiency improvements
Herrliberg, February 5, 2016 MEDIA INFORMATION EMS Group: Annual results 2015 Significant result increase due to higher sales volumes and efficiency improvements 1. Summary The EMS Group, with its companies
More informationFirst quarter 2015 revenue
First quarter 2015 revenue Start of the year well on track to 2015 objectives Revenue: 2,427 million +17.6% year-on-year Order entry: 2,198 million +31.5% year-on-year All 2015 objectives confirmed Bezons,
More informationThe rise of the cross-border transaction. Grant Thornton International Business Report 2013
The rise of the cross-border transaction Grant Thornton International Business Report 2013 Foreword MIKE HUGHES GLOBAL SERVICE LINE LEADER MERGERS & ACQUISITIONS GRANT THORNTON INTERNATIONAL LTD When reflecting
More informationFor personal use only
Attention ASX Company Announcements Platform Lodgement of Open Briefing ASX ANNOUNCEMENT: 8 February 2012 CEO and CFO on Half Year Results and Outlook Open Briefing with and CFO Martin Brooke Talent2 International
More informationwww.pwc.co.uk/economics Global wage projections to 2030 September 2013
www.pwc.co.uk/economics Global wage projections to 2030 Summary: Wage gap between emerging and advanced economies will shrink significantly by 2030 By 2030, our projections in this report suggest that
More informationFIRST QUARTER REPORT 2008-04-25
FIRST QUARTER REPORT This presentation contains forward looking statements. Such statements are based on our current expectations and are subject to certain risks and uncertainties that could negatively
More informationOrganic Growth and Strategic Acquisitions. Delivered record 66 million of validated cost savings to our customers
2014 Preliminary Results For the year ended 31 December 2014 Organic Growth and Strategic Acquisitions Delivered record 66 million of validated cost savings to our customers Agenda Overview Financial highlights
More informationFinancial Results Q1 2014. Jacques Purnode, Chief Finance Officer
Financial Results 2014 Jacques Purnode, Chief Finance Officer Forward Looking Statements This Presentation may include forward-looking statements. Forward-looking statements are statements regarding or
More informationNokia Conference Call Third Quarter 2004 Financial Results. Jorma Ollila Chairman and CEO Rick Simonson Senior Vice President and CFO
Nokia Conference Call Third Quarter 2004 Financial Results Jorma Ollila Chairman and CEO Rick Simonson Senior Vice President and CFO Ulla James Vice President, Investor Relations October 14, 2004 15.00
More informationFRANKLIN ELECTRIC REPORTS RECORD SECOND QUARTER 2013 SALES AND EARNINGS
For Immediate Release For Further Information Refer to: John J. Haines 260-824-2900 FRANKLIN ELECTRIC REPORTS RECORD SECOND QUARTER 2013 SALES AND EARNINGS Bluffton, Indiana July 30, 2013 - Franklin Electric
More informationInternational Personal Finance Q1 2015 trading update 30 April 2015. Group highlights
International Personal Finance trading update 30 April 2015 Group highlights Underlying in the quarter grew by 2.3M (18%). Investment in new businesses and weaker FX rates impacted by 2.0M and 2.6M respectively.
More informationCONFERENCE CALL RESULTS JANUARY MARCH 2015
WELCOME DÜRR AKTIENGESELLSCHAFT CONFERENCE CALL RESULTS JANUARY MARCH 2015 Ralf W. Dieter, CEO Ralph Heuwing, CFO Hanover, May 12, 2015 www.durr.com DISCLAIMER This presentation has been prepared independently
More informationABB Q3: Solid performance across the business
ABB Q3: Solid performance across the business Revenues 1 and operational EBITDA 2 higher in all divisions, net income up 10 percent Base orders 3 return to year-on-year growth, large project awards remain
More informationFACT SHEET Global Direct Selling
Global 2011 Global Retail Sales: USD $153,727 million Global Sales Force The 91.5 million Direct Sellers who represent companies around the world are: 3 2 16% 9% 2% 3% 2% 3% 2% 3% Care 42% 2% 56% 3% 2
More informationContact Christopher Mecray D +1 215 255 7970 Christopher.Mecray@axaltacs.com
Axalta Coating Systems 2001 Market Street Suite 3600 Philadelphia, PA 19103 USA Contact Christopher Mecray D +1 215 255 7970 Christopher.Mecray@axaltacs.com For Immediate Release Axalta Releases Second
More informationWelcome to Zurich Insurance Group s results presentation for the first half of the 2015 financial year.
Q2 Results 2015 Remarks by Martin Senn (slides 3 to 8), Chief Executive Officer, and George Quinn (slides 10 to 22), Chief Financial Officer of Zurich Insurance Group. August 6, 2015 Slide 3: Key financials
More informationConference Call on 1 Jan 2011 Non-Life Treaty Renewals
Conference Call on Jan 2 Non-Life Treaty Renewals Hannover, 2 February 2 Important note Unless otherwise stated, the s part of the presentation is based on underwriting-year (U/Y) figures. This basis is
More informationN Brown Group plc Interim Report 2013
N Brown Group plc Interim Report 2013 2013 4CUSTOMER CENTRIC SEGMENTS FINANCIAL SUMMARY Financial Highlights 2013 2012 Revenue 409.6m 379.3m Operating profit 48.4m 45.7m Adjusted profit before taxation*
More informationHARVEY NASH GROUP PLC ( Harvey Nash or the Group )
HARVEY NASH GROUP PLC ( Harvey Nash or the Group ) Harvey Nash, the international executive recruitment and IT outsourcing group, announces strong results and an increased dividend for the year ended 31
More informationVerdict Financial: Wealth Management. Data Collection and Forecasting Methodologies
Verdict Financial: Wealth Management Data Collection and Forecasting Methodologies April 2014 Contents Global Wealth Markets Methodology Methodology Methodology 2 Global Wealth Markets Section 1: Global
More informationHealth Care Worldwide. Citi - European Credit Conference September 24, 2015 - London
Health Care Worldwide Citi - European Credit Conference September 24, 2015 - London Safe Harbor Statement This presentation contains forward-looking statements that are subject to various risks and uncertainties.
More informationHowelliott.Com Is A Major Supplier Of Aeroceo
Almere, The Netherlands March 4, 2015 ASM INTERNATIONAL N.V. REPORTS FOURTH QUARTER 2014 RESULTS ASM International N.V. (NASDAQ: ASMI and Euronext Amsterdam: ASM) reports today its fourth quarter 2014
More informationMANAGING THE SHORT TERM INVESTING FOR THE LONG TERM
Hays plc Preliminary Results Year ended 30 June 2009 MANAGING THE SHORT TERM INVESTING FOR THE LONG TERM Cautionary statement The information contained in this presentation is not audited, is for personal
More informationExperts in a complex world
Experts in a complex world Hays Investor Day 203 hays.com Welcome Agenda Welcome to the Hays Investor Day 203 Introduction by Alistair COx Chief Executive Officer 2:00 3:00 Lunch Upstairs 3:00 3:5 WELCOME
More informationASM INTERNATIONAL N.V. REPORTS THIRD QUARTER 2015 RESULTS
Almere, The Netherlands October 28, 2015 ASM INTERNATIONAL N.V. REPORTS THIRD QUARTER 2015 RESULTS ASM International N.V. (Euronext Amsterdam: ASM) today reports its third quarter 2015 operating results
More informationWith me today are BGC s President, Shaun Lynn, our. 327 million dollars in the third quarter of 2010. Pre-tax
HOWARD LUTNICK: 3Q2010 Conference Call Prepared Remarks Good morning and thank you for joining us for our third quarter conference call. With me today are BGC s President, Shaun Lynn, our Chief Operating
More informationPRESS RELEASE 3M results Ageas UK, 14 May 2014
PRESS RELEASE 3M results Ageas UK, 14 May 2014 Ageas reports income growth amid tough trading conditions Profit impacted by storms and floods, Ageas continues to help affected customers Executive Summary
More information