Acquisition of aufeminin.com
|
|
- Magnus Douglas
- 6 years ago
- Views:
Transcription
1 Acquisition of aufeminin.com Press Conference, Paris June 27, 2007 Dr. Andreas Wiele, Member of the Board Anne-Sophie Pastel, CEO, aufeminin.com
2 Disclaimer This document, which has been issued by Axel Springer Aktiengesellschaft (the "Company"), comprises the written materials/slides for a presentation of the management. Whilst all reasonable care has been taken to ensure that the information and facts stated herein are accurate and that the opinions and expectations contained herein are fair and reasonable no representation or warranty, express or implied, is given by or on behalf of the Company, any of its directors, or any other person as to the accuracy or completeness of the information or opinions contained in this document and no liability is accepted for any such information or opinions. This document contains forward looking statements which involves risks and uncertainties. These forward looking statements speak only as of the date of this document and are based on numerous assumptions which may or may not prove to be correct. The actual performance and results of the business of the Company could differ materially from the performance and results discussed in this document. The Company undertakes no obligation to publicly update or revise any forward looking statements or other information contained herein whether as a result of new information, future events or otherwise. This document does not constitute or form any part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any shares in the Company, nor shall it or any part of it nor the fact of its distribution form the basis of, or be relied on in connection with, any contract or investment decision in relation thereto. This document nor any copy of it may be taken or transmitted into the United States of America, Canada, Australia or Japan or distributed, directly or indirectly, in the said countries or to any persons resident in said countries. The distribution of this document in other jurisdictions may be restricted by law and persons into whose possession this document comes should inform themselves about, and observe, any such restrictions. Note: All data as per 2006 annual report. Financials as per annual report (external disclosure), responsibilities as per competence of board members (internally) 2
3 Agenda Transaction Highlights Axel Springer Profile aufeminin.com Profile Transaction Structure Conclusion 3
4 Convincing transaction rationale 1. Acquisition of leading womens portal in Europe 2. Perfect fit with the core competencies of Axel Springer 3. Highly attractive advertising market segment 4. Track record of growth and profitability 5. Excellent platform for further digital growth 4
5 Transaction overview Share Purchase Agreement Takeover offer Process Axel Springer to acquire 41.4% in aufeminin.com from founders of company in two-step process Step 1: Founders selling 27.1% for per share and contributing 14.3% to a company controlled by Axel Springer Step 2 : Axel Springer acquiring the 14.3% in 2008 against Axel Springer shares or cash with a value of per share in aufeminin.com Axel Springer to launch mandatory takeover offer for all outstanding shares of aufeminin.com after closing of SPA Same offer price of per share in cash Opportunity for shareholders to realise immediate and full value after significant share price progression of aufeminin.com in 2006 and 2007 German cartel authority clearance expected for end of July 2007 Closing of SPA transaction Start of takeover offer expected for September 2007 End of takeover offer expected for October
6 Agenda Transaction Highlights Axel Springer Profile aufeminin.com Profile Transaction Structure Conclusion 6
7 Axel Springer leading European media company with substantial print and growing online reach Largest German newspaper publisher, No. 3 in magazines Total publications reach 55% of German population BILD family alone reaches 26 million readers All German publications reaching 16.2 million women (48%) Best positioned German print publisher in electronic media Large portfolio of leading online brands, online classified and online services as well as TV and broadcast Successful strategy focussed on profitable growth 2006: 2.4bn revenues, 374m EBITA, 9,733 employees 1) Source: IVW as of April
8 EBITA and net income on historic record level EBITA ( m) Net Income ( m)
9 Clear strategy with traceable success Strategy Market leadership in Germanlanguage core business Creativity Internationalisation Profitable growth Entrepreneurship Digitisation Integrity Corporate values 9
10 International presence and activities in France France: Télé Magazine Vie Pratique Auto Plus (JV with Mondadori) 10
11 Online strategy Transfer of brands and competencies General interest portals Special interest portals Regional portals Transfer of classifieds Automotive Real estate Jobs New business models JV E-Commerce 11
12 Online strategy: Transfer of brands and core competences Special Interest Portals Women Cars Computer Finance TV Sport Organic Acquisitions 12
13 Why aufeminin? aufeminin.com is the largest European internet portal for women reaching more than 14.6 mill. unique users per month (May 2007, Comscore Mediametrix Panel) Womens media is the largest advertising segment with a share of 21% to 54% of respective national print markets Growing and profitable online business advancing Axel Springer s strategy of internationalization and digitization 13
14 Agenda Transaction Highlights Axel Springer Profile aufeminin.com Profile Transaction Structure Conclusion 14
15 Overview of aufeminin.com Founded in 1999 Headquartered in Paris, > 50 employees Listed on Euronext Paris since 2000 Leading women s portal in Europe with No.1 positions in 6 countries and No. 2 position in UK Total of 14.6 million unique users on all portals in May 2007 Revenues +54% to 13.4m in 2006, +87% in Q1/2007 EBIT +79% to 7.3m in
16 Leading position in France No. 1 Women Portal Broad spectrum of online information, services and community Core themes: trends and fashion, beauty, fitness, health, and psychology High-end brand positioning Highly attractive for advertisers Strong relationships to a large number of major consumer brands 16
17 Successful business expansion in France No. 1 site for Girls No. 1 site for Cooking 17
18 Successful internationalization No. 1 in Germany No. 1 in Italy No. 2 in UK No. 1 in Spain 18
19 SmartAdServer: Proprietary technology with strong potential Proprietary AdServer technology Offered to agencies and site editors to manage online advertising campaign One of the market leaders in France used by more than 50 external customers USPs: excellent usability, strong commercial approach, and value for money Key technology with substantial international sales prospects 19
20 Highly attractive market dynamics All key markets of aufeminin.com with strong growth dynamics Online Advertising Market Growth 2005/ % 65% Online advertising with growing market shares of total advertising market Among print media, womens market segment with highest share of advertising market 60% 50% 40% 30% 20% 10% 0% 25% Spain 37% UK 45% Italy 48% France Germany Source: Jupiter European Online Advertising Forecast 2005, Interactive Ad Bureau 20
21 Key drivers of growth 1. Build on domestic growth profile 2. Expand relationships with advertisers 3. Enhance growth dynamics in key European markets 21
22 Strong potential for further international growth Reach Brand building Marketing FR ES IT DE UK 22
23 Agenda Transaction Highlights Axel Springer Profile aufeminin.com Profile Transaction Structure Conclusion 23
24 Purchase of 41.4% stake in two-step transaction Founders of aufeminin.com Sale of 27.1% in aufeminin.com for per share against cash at closing Axel Springer acquires stake in 2008 Contribution of 14.3% in aufeminin.com shares at closing Axel Springer NewCo controlled by Axel Springer Contribution of 27.1% in aufeminin.com shares at closing 24
25 Public takeover offer Axel Springer to launch mandatory public takeover offer following approval by German Cartel Office expected for end of July 2007 Offer price of per share Premium of 17% over the volume-weighted average share price over the last six months. Represents a share price progression of 34% since the beginning of Provides shareholders of aufeminin.com with the opportunity to immediately realize the full value of their shares No minimum acceptance ratio 25
26 Share price development 52 weeks 26
27 Indicative Timeline 26th June Signing of agreement End of June Filing with the German Cartel Authority End of July Expected decision of German Cartel Authority Closing of Share Purchase Agreement Filing of offer with AMF September to October Offer period 27
28 Convincing transaction rationale 1. Acquisition of leading womens portal in Europe 2. Perfect fit with the core competencies of Axel Springer 3. Highly attractive advertising market segment 4. Track record of growth and profitability 5. Excellent platform for further digital growth 28
Expanding our business internationally Capital Markets Day - Berlin, December 9, Ralph Büchi, President Axel Springer International
Capital Markets Day - Berlin, December 9, 2011 Ralph Büchi, President Axel Springer International International revenue share has grown rapidly since 2009 2006 2007 2008 2009 2010 9M/2011 Takeover of Swiss
More informationAxel Springer Digital Classifieds Driving growth with the largest pan-european multicategory classified business
Axel Springer Digital Classifieds Driving growth with the largest pan-european multicategory classified business Capital Markets Day Berlin, December 8, 2016 Dr. Andreas Wiele, President Marketing and
More informationUNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC FORM 8-K CURRENT REPORT
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event
More informationAnnual results: Net income from ordinary operations increased by 21%
. Annual results 2002 For more information, please contact: Sandra van Campen Phone: +31 20 569 5623 Diemen, February 18, 2003 Annual results: Net income from ordinary operations increased by 21% Highlights
More informationDanske Bank How we do engagements
Danske Bank How we do engagements Presentation to Nordic SIF, September 25, 2018 This presentation is intended to be used as marketing material, reserved for professional/qualified clients, as defined
More informationTHE CPA AUSTRALIA ASIA-PACIFIC SMALL BUSINESS SURVEY 2016
THE CPA AUSTRALIA ASIA-PACIFIC SMALL BUSINESS SURVEY GENERAL REPORT FOR AUSTRALIA, CHINA, HONG KONG, INDONESIA, MALAYSIA, NEW ZEALAND, SINGAPORE AND VIETNAM Legal notice CPA Australia Ltd ( CPA Australia
More informationCapio Disclosures September Analyst certification. Regulation. Conflicts of interest
Capio Disclosures Research reports are prepared by Equity Research, a division of Danske Bank A/S ( Danske Bank ). Analyst certification Each research analyst responsible for the content of research reports
More informationEnterprise House purchase Consumer credit H o u s e p u r c h a s e
Investment Research General Market Conditions 31 October 212 Flash comment Euro area credit tightening dampens growth prospects The euro area bank lending survey shows that credit tightening continues
More informationSIM - Worlds First Instrumented Incontinence Assessment Solution
SIM - Worlds First Instrumented Incontinence Assessment Solution An Investment in the Care of Ageing People Presented by: Philippa Lewis CEO June 2014 PAGE 1 Simavita Limited Commercial in Confidence Disclaimer
More informationEuropean Freight Forwarding Index
European Freight Forwarding Index Volume development in April 15 Finn Bjarke Petersen finpe@danskebank.dk +45 45 12 36 Philip Levin phle@danskebank.dk +45 45 13 21 85 Important disclosures and certifications
More informationFreelancer launches API
20 December 2017 Freelancer launches API Task Humans from Software Matt Barrie Chief Executive Officer Freelancer.com is changing the global dynamics in the marketplace for people 2 Use the Freelancer
More informationFlash Comment Euro area: Higher PMIs confirm our view of a stronger recovery
Investment Research General Market Conditions 20 February 2015 Flash Comment Euro area: Higher PMIs confirm our view of a stronger recovery The euro area composite PMI increased to 53.5 in February from
More informationForward Looking Statements
Forward Looking Statements All of the information presented that is not historical in nature should be considered to be forward-looking statements that are subject to certain risks, uncertainties or assumptions
More informationFinal Results Georg Hesse (CEO) Nate Glissmeyer (CPO) Dr Dirk Schmelzer (CFO) 24 March 2017
Final Results 2016 Georg Hesse (CEO) Nate Glissmeyer (CPO) Dr Dirk Schmelzer (CFO) 24 March 2017 1. Overview 2016: What we achieved HolidayCheck continued to take market segment share in German package
More informationLuc Gregoire Chief Financial Officer. Internet & Technology Services Conference. February,
Luc Gregoire Chief Financial Officer Cantor Fitzgerald 4 th Annual Internet & Technology Services Conference February, 23 2017 Cantor Fitzgerald 4 th Annual Internet & Technology Services Conference February
More informationCONTENTS. 1. Keep Challenging. 2. The CXO Challenge. 3. The CXO Problem Statement. 4. Timelines. 5. Prizes. 6. General Guidelines. 7.
CONTENTS 1. Keep Challenging 2. The CXO Challenge 3. The CXO Problem Statement 4. Timelines 5. Prizes 6. General Guidelines 7. Contest Rules 8. Cognizant Contact 1. KEEP CHALLENGING Over the past 20 years,
More informationFor personal use only
ASX Announcement ASX code: SP1 October 17, 2016 Presentation for investor conferences The Board of Search Party Group Ltd (ASX:SP1) (Search Party or the Company) is pleased to provide to the market the
More information2016 ANNUAL RESULTS HUMAN RESOURCES MANAGEMENT 6 APRIL, 2017 STUDIO HARCOURT 6 RUE DE LOTA PARIS 16 E 10H30
2016 ANNUAL RESULTS HUMAN RESOURCES MANAGEMENT 6 APRIL, 2017 STUDIO HARCOURT 6 RUE DE LOTA PARIS 16 E 10H30 CONTENTS SYNERGIE, EUROPE'S FIFTH-LARGEST HUMAN RESOURCES MANAGEMENT GROUP HIGHLIGHTS 2016 ANNUAL
More informationGerman FinTechs and traditional banks: Friend or Foe?
German FinTechs and traditional banks: Friend or Foe? FinTechs Definition and categories Non-bank, technology-driven providers of financial services, built on digitalised, web- and data based processes
More informationquarter 2018 results.
2 nd quarter 2018 results. strong margin conversion. Jacques van den Broek, CEO Henry Schirmer, CFO Randstad N.V. 24 July 2018 disclaimer. Certain statements in this document concern prognoses about the
More informationTHE CPA AUSTRALIA ASIA-PACIFIC SMALL BUSINESS SURVEY 2015 CHINA REPORT
THE CPA AUSTRALIA ASIA-PACIFIC SMALL BUSINESS SURVEY 2015 CHINA REPORT 2 THE CPA AUSTRALIA ASIA-PACIFIC SMALL BUSINESS SURVEY 2015 CHINA REPORT LEGAL NOTICE CPA Australia Ltd ( CPA Australia ) is one of
More informationFY 2017 results. Financial Details Contacts, Calendar & Disclaimer
1 2 Financial Details Contacts, Calendar & Disclaimer Financial Highlights m FY 2016 FY 2017 % YoY Sales 38,173 37,965-1 EBITDA 1 4,939 4,955 +0 EBIT 1 3,112 3,074-1 Adjusted net income 1 904 1,427 +58
More informationKuraray to Acquire DuPont Glass Laminating Solutions/Vinyls
Contacts: Kuraray DuPont Tomoyuki Shimamoto Carole Davies +81-3-6701-1071 +1-248-583-8112 kuraraykoho@kuraray.co.jp carole.a.davies@dupont.com Kuraray to Acquire DuPont Glass Laminating Solutions/Vinyls
More informationIT Outsourcing Contracts: Crunching the Numbers
Research Brief IT Outsourcing Contracts: Crunching the Numbers Abstract: The average annual value of an IT outsourcing contract is $47 million and the average duration is six years, according to an analysis
More informationKforce Inc. J.P. Morgan Ultimate Services Investor Conference November 14, 2017
Kforce Inc. J.P. Morgan Ultimate Services Investor Conference November 14, 2017 Forward Looking Statements All of the information presented that is not historical in nature should be considered to be forward-looking
More informationA flattening trade with a USD twist receive EUR 5Y5Y vs BOBLs and do the opposite in USD
A flattening trade with a USD twist receive EUR 5Y5Y vs BOBLs and do the opposite in USD Jens Peter Sørensen Chief Analyst jenssr@danskebank.dk +45 45 12 85 17 Investment Research Important disclosures
More information2017 Fourth Quarter Earnings. March 2018
2017 Fourth Quarter Earnings March 2018 Disclaimer The information is provided for informational purposes only, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security
More informationDEN STORE AKSJEKVELDEN, OSLO Trond Berger, EVP CFO, 20 NOVEMBER 2017
DEN STORE AKSJEKVELDEN, OSLO Trond Berger, EVP CFO, 20 NOVEMBER 2017 1 KEY TAKE-AWAYS A Global leader in attractive online segments Market leading positions in segments with significant long term revenue
More information2017 HALF-YEAR RESULTS STUDIO HARCOURT 6 RUE DE LOTA PARIS 16 E SEPTEMBRE 14, H30
2017 HALF-YEAR RESULTS STUDIO HARCOURT 6 RUE DE LOTA PARIS 16 E SEPTEMBRE 14, 2017-10H30 SOMMAIRE CONTENTS SYNERGIE, EUROPE S FIFTH-LARGEST HUMAN RESOURCES MANAGEMENT GROUP HIGHLIGHTS 2017 HALF-YEARLY
More informationTelefónica vision around EU Industrial Policies
Telefónica vision around EU Industrial Policies 20-21 October, 2011 Telefónica S.A. Telefónica, S.A. 0 Contents 01 Telco sector contribution to the economic development 02 Sector challenges for the future
More information1 st Quarter Revenue. April 21, 2011
1 st Quarter Revenue April 21, 2011 Disclaimer This presentation contains forward-looking statements. The use of the words "aim(s)," "expect(s)," "feel(s)," "will," "may," "believe(s)," "anticipate(s)"
More informationREQUEST FOR GRANT PROPOSALS. RESPONSE DEADLINE: Friday, March 2, 12 PM ET
REQUEST FOR GRANT PROPOSALS RESPONSE DEADLINE: Friday, March 2, 2018 @ 12 PM ET Veterans Coming Home: Finding What Works Community Engagement and Station Support Grants I. PURPOSE The Corporation for Public
More informationFrom strict EU fiscal rules to growth-supportive policies despite high public debt ratios
From strict EU fiscal rules to growth-supportive policies despite high public debt ratios Pernille Bomholdt Henneberg Senior Analyst +45 45 13 20 21/+44 20 7410 8157 perni@danskebank.com 3 August 2016
More informationMarch Annual Results NextRadioTV Group
March 2015 2014 Annual Results NextRadioTV Group Contents 1. Introduction 3 4 Key figures EBITDA: Profit from recurring operations after net amortisation of programmes and before other net amortisation
More information3 rd quarter results 2009
3 rd quarter results 2009 revenue trend gradually turning; increased gross margin pressure largely offset by continued strong cost management RobertJan van de Kraats, CFO Randstad Holding nv October 29,
More informationSeptember Quarter. For personal use only. Market Update. Mission: To be a leading player in the global online classifieds industry.
September Quarter Market Update Mission: 14 November 2016 To be a leading player in the global online classifieds industry Important Notice and Disclaimer This presentation includes forward-looking statements.
More informationErasmus+ Master Loan Scheme ( ) September 2015
Erasmus+ Master Loan Scheme (2014 2020) September 2015 Erasmus+ Master Loan Scheme To view this video, please go to: http://ec.europa.eu/education/opportunities/higher-education/mastersloans_en.htm To
More informationFlash Comment Lower euro area inflation, but the ECB should not change its view
Investment Research General Market Conditions 17 August 2015 Flash Comment Lower euro area inflation, but the ECB should not change its view Following the latest decline in the oil price we have revised
More informationSpectrum Auction Planning Grant GUIDELINES
Spectrum Auction Planning Grant GUIDELINES APPLICATION DEADLINE: January 31, 2015 OVERVIEW The Corporation for Public Broadcasting ( CPB ) will make matching grants of up to $50,000 to eligible public
More informationREQUEST FOR PROPOSALS RFP# CAFTB
REQUEST FOR PROPOSALS RFP# CAFTB25092017-01 THE CHILDREN S AID FOUNDATION OF THE DISTRICT OF THUNDER BAY WEBSITE REDESIGN/DEVELOPMENT Issue Date: 25 September 2017 Closing Date: 20 October 2017 Submit
More informationFlash Comment Euro area: higher inflation, activity data are pre-brexit
Investment Research General Market Conditions 29 July 2016 Flash Comment Euro area: higher inflation, activity data are pre-brexit Euro area HICP inflation was slightly higher than expected in July as
More informationInterim Report. First quarter 2017, BioPorto Group. May 4, 2017 Announcement no. 09. BioPorto A/S CVR DK
Interim Report First quarter 2017, BioPorto Group May 4, 2017 Announcement no. 09 BioPorto A/S CVR DK-17500317 Highlights US clinical trials for The NGAL Test initiated and sales of the test has grown
More informationFlash Comment Three reasons why we should not be overly worried about euro area deflation
Investment Research General Market Conditions 03 December 2013 Flash Comment Three reasons why we should not be overly worried about euro area deflation Following the recent decline in euro inflation,
More informationLevel 3 and tw telecom: Strengthening Level 3 s Position as a Premier Global Communications Company. Level 3 To Acquire tw telecom
Level 3 To Acquire tw telecom June 16, 2014 tw telecom s U.S.-based, enterprise-focused business is highly complementary to Level 3 s local-to-global business and positions Level 3 as a premier provider
More informationTerms of Participation 2018
1 Organiser of The Copernicus Masters The Copernicus Masters is organised under an ESA contract by Anwendungszentrum GmbH Oberpfaffenhofen ( the Organiser ) and is supported by various prize awarding partners
More informationProcedure for Setting up and Managing a Spin-out Company
Introduction Procedure for Setting up and Managing a Spin-out Company 1. Northumbria University s strategic plans for Business and Engagement and Research actively support and encourage the commercialisation
More informationAGENCY WORK BUSINESS INDICATOR: SEPTEMBER 2015
Jan-08 May-08 Sep-08 Jan-09 May-09 Sep-09 Jan-10 May-10 Sep-10 Jan-11 May-11 Sep-11 Jan-12 May-12 Sep-12 Jan-13 May-13 Sep-13 Jan-14 May-14 Sep-14 Jan-15 May-15 AGENCY WORK BUSINESS INDICATOR: SEPTEMBER
More informationASX announcement 13 September 2016
ASX announcement 13 September 2016 PROPOSED MERGER OF HILLS HEALTH SOLUTIONS AND LINCOR, INC AND DEMERGER FROM HILLS LIMITED HIGHLIGHTS Hills Limited (ASX: HIL, Hills ) announces a proposed merger of its
More informationStrategic Plan
Strategic Plan 2013-2015 Board approved on September 25, 2012 Presented to the membership February 28, 2013 Building a Stronger Community Together MISSION STATEMENT The Quinte West Chamber of Commerce
More informationLee Hecht Harrison (LHH) Global Leader in Career Transition & Talent Development. Peter Alcide, President & COO
Lee Hecht Harrison (LHH) Global Leader in Career Transition & Talent Development Peter Alcide, President & COO Disclaimer Forward-looking statements Information in this release may involve guidance, expectations,
More informationDEN STORE AKSJEKVELDEN
DEN STORE AKSJEKVELDEN Trondheim, 2. oktober 207 Jo Christian Steigedal, direktør for Investor Relations KEY TAKE-AWAYS A Global leader in attractive online segments Market leading positions in segments
More informationIMM positioning Speculators stayed put over the holiday period
Investment Research General Market Conditions 07 January 2014 IMM positioning Speculators stayed put over the holiday period The latest IMM data cover the week from 25 to 31 December 2013. Little has changed
More informationSponsored by Supported by Presented by
Sponsored by Supported by Presented by ABOUT RIO NEGÓCIOS Business Development Agency of Rio de Janeiro Investment Promotion Facilitation PORTFOLIOS ENERGY CREATIVE ECONOMY INFRASTRUCTURE FINANCIAL SERVICES
More informationTowards faster implementation and uptake of open government
Towards faster implementation and uptake of open government EXECUTIVE SUMMARY ENGLISH A study prepared for the European Commission DG Communications Networks, Content & Technology by: Digital Single Market
More informationCall for Applications Government of Ireland - International Education Scholarships
Call for Applications 2018 Government of Ireland - International Education Scholarships 1. Background & Objectives The internationalisation of Irish higher education is a key element in the delivery of
More informationS t a r t u p I n d i a G o i n g D i g i t a l. M a r k e t I n t e l l i g e n c e. C o n s u l t i n g
S t a r t u p I n d i a G o i n g D i g i t a l M a r k e t I n t e l l i g e n c e. C o n s u l t i n g Startups Expanding At Global Level India is Ranked Amongst the Leading Five Countries Across the
More informationRULES - Copernicus Masters 2017
RULES - Copernicus Masters 2017 ORGANISER OF THE COPERNICUS MASTERS The Copernicus Masters is organised under an ESA contract by Anwendungszentrum GmbH Oberpfaffenhofen ( the Organiser ) and is supported
More informationRandstad France. Jacques van den Broek. Analyst & Investor Day 2012 November 21, 2012
Randstad France Jacques van den Broek November 21, 2012 disclaimer Certain statements in this document concern prognoses about the future financial condition, risks, investment plans and the results of
More informationUntapped Market Potential Exists for IT Services Outsourcing (Executive Summary) Executive Summary
Untapped Market Potential Exists for IT Services Outsourcing (Executive Summary) Executive Summary Publication Date: September 27, 2002 Author Allie Young This document has been published to the following
More informationDIGITAL MADE IN ITALY
DIGITAL MADE IN ITALY The leading innovation hub European Mid Small Cap Forum Alberto Fioravanti, Digital Magics Founder and Executive Chairman Alessandro Malacart, Digital Magics Managing Director Corporate
More informationcapital markets day 2017 london. human forward.
capital markets day 2017 london. human forward. group strategy & vision jacques van den broek, CEO london capital markets day november 21 2017 agenda our new brand positioning 6 strategic roadmap 7 ABFS
More informationTHE CPA AUSTRALIA ASIA-PACIFIC SMALL BUSINESS SURVEY 2015 GUANGZHOU REPORT
THE CPA AUSTRALIA ASIA-PACIFIC SMALL BUSINESS SURVEY 2015 GUANGZHOU REPORT 2 THE CPA AUSTRALIA ASIA-PACIFIC SMALL BUSINESS SURVEY 2015 GUANGZHOU REPORT LEGAL NOTICE CPA Australia Ltd ( CPA Australia )
More information20. November 2017, Deutsche Telekom, Bonn. Veranstaltungspartner
20. November 2017, Deutsche Telekom, Bonn Veranstaltungspartner Die Integration von Supplier Development und SDG s in die Unternehmensaktivitäten der Deutschen Telekom AG Silke Thomas Deutsche Telekom
More informationOverview. North Coast Surety Connection, Inc.
Page 1 of 9 This Memorandum of Understanding is entered into between North Coast Surety Connection, Inc. (a California C Corporation), (a California C Corporation), and California State University, Chico
More information1.83b. 335m. GROUP CRIT : 2.14b revenue. 19 th world s largest staffing firm (1) N.1 french indépendant AIRPORT SERVICES. 528 branches. N.
ANNUAL RESULTS 2016 PROFIL GROWTH IN THE 2 BUSINESS DIVISIONS 19 th world s largest staffing firm (1) N.1 french indépendant AIRPORT SERVICES 528 branches +30 000 clients TEMPORARY STAFFING & RECRUITMENT
More informationELITE Connecting companies with capital
ELITE Connecting companies with capital ELITE Overview ELITE accelerates long-term growth by offering access to a diverse network, a range of funding options, and a dedicated training programme. What?
More informationIMM Positioning Investors added net shorts in CAD and RUB
Investment Research General Market Conditions 24 February 2014 IMM Positioning Investors added net shorts in CAD and RUB The latest IMM data cover the week from 11 to 18 February 2014. IMM positioning
More informationPPEA Guidelines and Supporting Documents
PPEA Guidelines and Supporting Documents APPENDIX 1: DEFINITIONS "Affected jurisdiction" means any county, city or town in which all or a portion of a qualifying project is located. "Appropriating body"
More informationINTEGRATED INFRASTRUCTURE
13286_Half_year_20.qxp 11/8/ 21:04 Page 3 Half-year update 20 INTEGRATED INFRASTRUCTURE Pre-tax profit up 14% to 108m Order book of 12.5bn Significant profit growth in building sector, driven by particularly
More informationELITE Connecting companies with capital
ELITE Connecting companies with capital The ELITE offering ELITE operates across the funding ladder, following our clients along their entire life cycle. The ELITE offering is structured across three well-defined
More informationHEALTHCARE STAFFING EDUCATION & TRAINING SEARCH
HEALTHCARE STAFFING EDUCATION & TRAINING SEARCH May 2007 This presentation contains forward-looking statements. Statements that are predictive in nature, that depend upon or refer to future events or conditions
More informationWimm Bill Dann Acquisition
Wimm Bill Dann Acquisition December 2, 2010 Safe Harbor Statement Statements in this communication that are forward looking statements, including any statements regarding the business outlook of PepsiCo
More informationWhitepaper. The power of Community
Whitepaper The power of Community 2018 Table of contents Preamble... 3 Ultima Multi-Module Platform... 4 Skills trade and knowledge sharing... 4 Crowdfunding... 6 Charity... 7 System architecture... 8
More informationINNOVATION POLICY FOR ECONOMIC DEVELOPMENT
INNOVATION POLICY FOR ECONOMIC DEVELOPMENT PURPOSE The purpose of the Bexar County Innovation Policy for Economic Development is to spur and accelerate the growth of the innovation-focused digital information
More informationChina: stress is easing, but past tightening to be felt next six-nine months
China: stress is easing, but past tightening to be felt next six-nine months Chief Analyst, China Allan von Mehren +45 45 12 80 55 alvo@danskebank.dk 20 June 2017 Investment Research www.danskemarketsequities.com
More informationIMM Positioning Speculators cut EUR longs
Investment Research General Market Conditions 9 September 213 IMM Positioning Speculators cut EUR longs The latest IMM data covers the week from 28 August to 3 September. Leading up to the ECB meeting
More informationFourth Quarter 2006 Results 5 Jun (Listing Date) to 30 Sep 06 Analyst and Media Briefing. 16 October 2006
Fourth Quarter 2006 Results 5 Jun (Listing Date) to 30 Sep 06 Analyst and Media Briefing 16 October 2006 Agenda Highlights Financial Results Portfolio Update Going Forward Anchorpoint Asset Enhancement
More informationIMM positioning Euro buying
Investment Research General Market Conditions 21 January 213 IMM positioning Euro buying The latest IMM data cover the week from 8 to 15 January. ECB meeting and LTRO repayment. The latest IMM data cover
More informationAGENCY WORK BUSINESS INDICATOR: FEBRUARY 2016
Jan-08 May-08 Sep-08 Jan-09 May-09 Sep-09 Jan-10 May-10 Sep-10 Jan-11 May-11 Sep-11 Jan-12 May-12 Sep-12 Jan-13 May-13 Sep-13 Jan-14 May-14 Sep-14 Jan-15 May-15 Sep-15 Jan-16 AGENCY WORK BUSINESS INDICATOR:
More informationRADA Electronic Industries Ltd. (Nasdaq: RADA) March 2018
RADA Electronic Industries Ltd. (Nasdaq: RADA) March 2018 DISCLAIMER This presentation is confidential and is being given solely for your information. No part of this presentation or the information contained
More informationFY 2017 Results Presentation. Milan, 24 th April FY 2017 Results Presentation
FY 2017 Results Presentation Milan, 24 th April 2018 FY 2017 Results Presentation Milan, 24 th April 2018 FY 2017 Results Presentation Milan, 24 th April 2018 Audience & Advertising gen-16 feb-16 mar-16
More informationGlanbia Graduate Programme 2013 Niamh Hayden, HR Business Support Manager
Glanbia Graduate Programme 2013 Niamh Hayden, HR Business Support Manager 9 th October 2012 Leading global nutritional solutions and cheese group Who we are International nutritional solutions and cheese
More informationAll funding under the Scheme will be allocated on the basis of open competitive calls for expressions of interest.
1 Enterprise Ireland is the Government agency responsible for the development and growth of Irish enterprises in world markets. Enterprise Ireland works in partnership with Irish enterprises to help them
More informationUS Economic Indicators: Industrial Production & Capacity Utilization
US Economic Indicators: Industrial Production & Capacity Utilization August 1, 218 Dr. Edward Yardeni 16-972-7683 eyardeni@ Debbie Johnson 4-664-1333 djohnson@ Mali Quintana 4-664-1333 aquintana@ Please
More informationCoutts Million Dollar Donors Report 2014 RUSSIA FINDINGS
Philanthropy is fast taking root in the lives of wealthy Russian individuals and families, as well as in the culture of corporations. Number of million dollar donations 30% gifted by individuals 20% gifted
More informationAGENCY WORK BUSINESS INDICATOR: NOVEMBER 2016 EVOLUTION OF NUMBER OF HOURS WORKED BY AGENCY WORKERS IN EUROPE. Sept 2016.
Jan-08 May-08 Sep-08 Jan-09 May-09 Sep-09 Jan-10 May-10 Sep-10 Jan-11 May-11 Sep-11 Jan-12 May-12 Sep-12 Jan-13 May-13 Sep-13 Jan-14 May-14 Sep-14 Jan-15 May-15 Sep-15 Jan-16 May-16 Sep-16 AGENCY WORK
More informationCanadian Online Retail Trends
Canadian Online Retail Trends and dopportunities May 2010 Experian and the marks used herein are service marks or registered trademarks of Experian Information Solutions, Inc. Other product and company
More informationRegional Network Survey
Regional Network Survey - Norges Bank to remove rate cut probability Chief Analyst Frank Jullum +47 85 40 65 40 fju@danskebank.dk Chief Strategist Jostein Tvedt +47 23 13 91 84 jtv@danskebank.dk Senior
More informationAGENCY WORK BUSINESS INDICATOR: DECEMBER 2016 EVOLUTION OF NUMBER OF HOURS WORKED BY AGENCY WORKERS IN EUROPE. Oct Oct 2016
Jan-08 May-08 Sep-08 Jan-09 May-09 Sep-09 Jan-10 May-10 Sep-10 Jan-11 May-11 Sep-11 Jan-12 May-12 Sep-12 Jan-13 May-13 Sep-13 Jan-14 May-14 Sep-14 Jan-15 May-15 Sep-15 Jan-16 May-16 Sep-16 AGENCY WORK
More informationIMM positioning Large unwind of dollar longs before last week s FOMC
Investment Research General Market Conditions 23 September 213 IMM positioning Large unwind of dollar longs before last week s FOMC The latest IMM data cover the week from 1 to 17 September. Net long dollar
More informationTHE NICHOLAS HALL OTC MARKETING AWARDS 2018
THE NICHOLAS HALL OTC MARKETING AWARDS 2018 Benchmarking the World of OTC 19 APRIL 2018 Venue: Fairmont Rey Juan Carlos I Barcelona, Spain Entry deadline: 1 February 2018 Send entries to Jennifer at jennifer.odonnell@nicholashall.com
More information25th Annual Health Sciences Tax Conference
25th Annual Health Sciences Tax Conference Section 501(r) highlights and challenges: Consumer protection meets tax regulation December 7, 2015 Disclaimer EY refers to the global organization, and may refer
More informationStepStone Expanding Market Positions
StepStone Expanding Market Positions Ralf Baumann CEO StepStone 11 th December 2013 Agenda StepStone s market positions Drivers of our market place Candidate delivery Direct search in online recruitment
More informationStaffing-as-a-Service platform for the 170 billion short term staffing market
Staffing-as-a-Service platform for the 170 billion short term staffing market Value Proposition InStaff delivers a full-service solution for short term staffing InStaff`s Online Marketplace is a Software-as-a-Service
More informationNon-commercial FX positioning
Non-commercial FX positioning Analyst Kristoffer Kjær Lomholt +45 45 12 85 29 klom@danskebank.dk Assistant analyst Nicolai Pertou Ringkøbing nrin@danskebank.dk 6 March 216 The latest IMM data covers the
More informationIMM Positioning Fiscal cliff concerns sees investors unwind dollar shorts
Investment Research General Market Conditions 12 November 212 IMM Positioning Fiscal cliff concerns sees investors unwind dollar shorts The latest IMM data covers the week from 3 October to 6 November.
More informationInvestment Research General Market Conditions 4 February 2013
Investment Research General Market Conditions 4 February 213 IMM positioning Moving out of CAD, GBP and into EUR The latest IMM data covers the week from 22 January to 29 January. LTRO repayment supports
More informationBusiness acceleration schemes for start-ups
Business acceleration schemes for start-ups Focus on internationalisation A Policy Brief from the Policy Learning Platform on SME Competitiveness Introduction Business acceleration programmes, which aim
More informationWeekly Credit Update
Investment Research General Market Conditions 3 July 21 Weekly Credit Update Summary Credit spreads continue to move tighter Bank spreads have outperformed on the back of Basel 3 amendments itraxx Europe
More informationNon-commercial FX positioning
Non-commercial FX positioning Analyst Kristoffer Kjær Lomholt +45 45 12 85 29 klom@danskebank.dk Assistant Analyst Nicolai Pertou Ringkøbing nrin@danskebank.dk 29 March 216 The latest IMM data covers the
More information