Eni E Snam, Campioni Al Futuro

Total Page:16

File Type:pdf, Size:1020Kb

Eni E Snam, Campioni Al Futuro Codice cliente: null CORRIERE DELLA SERA LUNEDÌ 10.06.2019 Investimenti 51 NUOVE RESPONSABILITÀ Il rating Eni eSnam, Le migliori aziende nella comunicazione della sostenibilità Gold Eni Snam campioni al futuro Silver Generali Gruppo Hera Prysmian a2a Terna Tim Impegno sui criteri Esg, sulla trasparenza, sulla diversity Bronze Autogrill CNH Industrial Intesa Sanpaolo Mondadori edialogo. Così future Italia Top 100 premia le società più sensibili Italgas Enel Luxottica Moncler Erg Sisal StMicroelectronics di Fabio Sottocornola L’Ego-Hub Fonte: Risultati dell’analisi future Italia Top100 ifaprestoadiresostenibilità. di attenzione al digitale». se. Facebook, il 21% affronta itemi della aziende che fa da guida, avendo adot- S Poi, bisogna proiettarla nel futu- Come è stato costruito il processo di sostenibilità, ma poi genera solo l’11% tatounatteggiamentointegratoe ro. E comunicarla. Tra le aziende Parole d’ordine valutazione? Ci sono alcune parole dell’engagement complessivo, tra like, proattivo verso la sostenibilità. Invece , italiane, Eni racconta meglio di altre il d’ordine attorno a cui gli analisti han- commenti o condivisioni. Ancora: su la maggior partedelle imprese man- proprio operatoattraverso video, te- Sono 46 le aziende cosiddetteSlee- no condotto la ricerca. Per esempio, lo 50 mila tweet studiati, le cifre si posi- tiene ancora un’impostazione difensi- stimonianzeecasi concreti Snam ha pers, che non hanno passato la valuta- storytelling riguarda l’uso di contenuti zionano al 16% (sostenibilità) e14% va e di compliance, legata cioè al sem- un elevatolivello di «engagement» zione. «Significache non c’èconcre- editoriali (video, blog, articoli) per en- (sviluppo di engagement). «Il tema plice rispetto delle procedure. I primi dentroisocial network proponendo tezza di base, oppure l’azienda non co- trare in contatto con il grande pubbli- del clima è in molti casi motore di pro- comunicano bene perché hanno capi- argomenti e tenendo vivo il colloquio munica e lascia un vuoto», spiega Jo- co: nella metà dei casi i topic scelti par- poste commerciali innovative, e nuovi to che la sostenibilità è un fattore es- con le persone; Terna rende concreta akim Lundquist, ceo della consulting lano di sostenibilità in termini di inno- modelli di business, per esempio su senziale perlacompetitività eilsuc- la lotta al climate change attraverso la che porta il suo nome. Un terzodel vazione etrasformazione del busi- efficienza energeticaomobilità», cesso futuro», spiega l’esperto. pubblicazione delle performance campione, invece, pur passando la so- ness. Attenzione poi atemi come commenta Paolo Cominetti, project «Questa consapevolezza devepene- messe a segno in fatto di riduzioni di glia presenta solo informazioni di ba- diversity e climate change: nel digitale manager della ricerca. Lundquist mo- trareinfretta nel secondo gruppo di CO2 negli ultimi tre anni. Gli esempi il 36% del campione offre un approccio stra anche attenzione alla fruibilità dei imprese, acominciaredai vertici potrebbero continuare con l’attività di La maggior parte delle ai cambiamenti climatici, la metà pre- contenuti: ogni problema di user aziendali». Da dove cominciare? «Un L’Oréal o Autogrill e il riconoscimento imprese ancora fatica senta informazioni sulla diversity. experience ha comportato una pena- ottimo puntodipartenza èl’ascolto della diversity in azienda; l’impegno di Infine, l’utilizzo dei social media: per lizzazione di mezzo punto alla società. degli stakeholder — conclude Osbor- Enel e Barilla via Twitter per far cono- a stimolare un dialogo un anno intero le cento aziende sono Ma com’èlasituazione di Corporate ne — soprattutto quelli esterni: avere scerelecampagne di difesa dell’am- sui social. Eppure, da state monitorate su Facebook e Twit- Italia, anche aconfrontocon altre ben chiaro il proprio ruolo nel conte- biente, o la crescita di sensibilità regi- ter(un’attività svolta conl’agenzia esperienzeinternazionali? Risponde sto sociale è un ingrediente essenziale strata in casi come Terna, Prysmian, qui possono arrivare Twig). Ne emerge che le imprese ita- James Osborne, partner e responsabi- per una buona comunicazione di so- A2a. molte occasioni lianefaticano astimolareundialogo le sostenibilità in Lundquist: «Esiste stenibilità». A misurare in maniera concreta que- con gli stakeholder. Su 19 mila post di come in Europa un gruppo ristretto di © RIPRODUZIONE RISERVATA Energia/1 Claudio Descalzi, Circolarità: la Bei amministratore delegato di Eni. mette sul piatto Il gruppo comunica con oltre 4miliardi casi concreti i temi della sostenibilità Energia/2 egli ultimi cinque anni la Marco Alverà, N Banca europea per gli amministratore investimenti ha messo sul piatto delegato di 2,3 miliardi di euro in iniziative Snam, molto di economia circolare che, attiva sui social secondo la sua vice presidente e network per responsabile per clima e parlare di sostenibilità ambiente Emma Navarro, «sono indispensabili per disaccoppiare ste performance, un po’ come si fa con lo sviluppo economico iparametri economico-finanziari, ci dall’impatto che ha sull’ambiente ha pensato Lundquist, società di con- e dallo spreco che genera. Per sulenza attiva nei territori di frontiera continuare a crescere è del mondo digitale, che da dodici anni necessario farlo», come ha detto realizza una survey chiamata Csr Onli- al World Circular Economy ne Awardsulla corporatesocial re- Forum di Helsinki la scorsa sponsibility. Ma da quest’anno si cam- settimana. L’importante, però, è bia. L’obiettivo è guardare più lontano: creare le condizioni perché i nasce infatti .future (dot future) Italia modelli circolari siano scalabili. Top100, uno studio che interessa La Bei ci sta provando: ha lanciato aziende quotate e non, valutate secon- una piattaforma da 100 milioni di do due parametri: bisogna avere con- euro che verranno affidati a un tenuti di sostanza e la capacità di co- gestore esterno per finanziare struire una relazione con gli stakehol- attività di bioeconomia circolare, der. non solo in Europa. Altri due Una prima novità è la scelta di abban- miliardi sono andati all’iniziativa donare la graduatoria a podio che la- Clean Oceans, lanciata con le scia il postoaunrating formatoda banche di sviluppo francese e quattro quadranti dinamici in cui so- tedesca, che supporta iniziative no collocate le aziende, a partire dalle per pulire i mari e rimuovere le più virtuose, raccolte nella Gold class microplastiche. E per i progetti di come Eni e Snam, per passare alla Sil- economia circolare con profili ver class (A2a, Generali, Gruppo Hera, medio-alti di rischio, sono a Prysmian, Terna, Tim), fino al livello disposizione anche il Fondo Bronze(Autogrill, Cnh Industrial, europeo per gli investimenti Enel, Erg, Intesa Sanpaolo, Italgas, Lu- strategici e il fondo InnovFin. Il xottica prima della nascita di Essilux, focus è anche sulle città: la Bei ha Moncler, Mondadori, Sisal, StM). Non promosso una guida in 15 passi tutte le cento realtà sono entrate, per- per aiutarle nella transizione. ché bisognavasuperareun’asticella Fra. Ga. corrispondenteaun«livello minimo © RIPRODUZIONE RISERVATA.
Recommended publications
  • *** CONCLUSION of the OPTION PERIOD of AUTOGRILL S.P.A.'S
    This announcement is not being made in and copies of it may not be released, published, distributed or sent, directly or indirectly, into the United States, the United Kingdom, Canada, Australia or Japan or in any other jurisdiction in which offers or sales would be prohibited by applicable law. This announcement does not constitute an offer of securities for sale or a solicitation of an offer to purchase or subscribe securities of Autogrill S.p.A. in the United States or any other jurisdiction in which such offer or solicitation is not authorised or to any person to whom it is unlawful to make such offer or solicitation. The securities referred to herein may not be sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. Autogrill S.p.A. does not intend to register any of the securities in the United States or to conduct a public offering of the securities in the United States. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from Autogrill S.p.A. and that will contain detailed information about the Company and management, as well as financial statements. There is no intention to register any securities referred to herein in the United States or to make a public offering of such securities in the United States. This communication does not constitute an offer of the Securities to the public in the United Kingdom. No prospectus has been or will be approved in the United Kingdom in respect of the Securities.
    [Show full text]
  • The World of Autogrill 16
    15 The world of Autogrill 16 (G4-4; G4-6; G4-7; G4-8; G4-9; G4-17; G4-56; G4-DMA) A-company The world of Autogrill Autogrill is the world leader in catering and retail services for travelers, with a consolidated leadership in the United States and Italy. Autogrill is present in 29 countries with approximately 54,000 workers and about Revenue by geographical area 2,800 points of sale in over 1,000 locations. It mainly operates through concession contracts in airports, railway stations, highways, city centers, malls, trade fairgrounds and cultural sites. 18.1% The Group offers consumers a comprehensive range, including both proprietary products and concepts (like Ciao, Bistrot, Bubbles, Beaudevin, La Tapenade) and third 7.1% 2014 47.0% party concepts and brands. The latter include both local and international brands (like Starbucks Coffee, Burger King, Brioche Dorée). The Group manages a portfolio of over 250 brands either directly or under licensing agreements. 27.8% Autogrill S.p.A. is listed on the Milan Stock Exchange and is controlled by North America Schematrentaquattro S.r.l. (50.1%), a company entirely owned by Edizione S.r.l., the Italy holding company controlled by the Benetton family. International Other European countries 17.5% 6.0% 2013 46.8% 29.7% Australia New Zealand Austria Poland Belgium Russia Canada Singapore Czech Republic Slovenia Denmark Spain Finland Sweden France Switzerland Germany The Netherlands Greece Turkey India United Arab Emirates Indonesia United Kingdom Ireland USA Italy Vietnam Malaysia Autogrill Group 17 Highlights euro 3,930.2 million revenues in 2014 euro 316.2 million EBITDA 8% on revenues euro 118.6 million EBIT euro 196.4 million net investments euro 693.3 million net financial position The world of Autogrill 54,408 employees 61% women, 88% of the Group personnel have a permanent labor contract 1 30% of employees are aged 21-30 “Feel good?” over 42,000 customer satisfaction interviews in 2014 “Do you Feel good?” 1.
    [Show full text]
  • Autogrill Group 2008 Report and Accounts
    2008 Report and Accounts 2008 Report Autogrill Group Autogrill Group www.autogrill.com 2008 Report and Accounts Autogrill Group Annual Report and Accounts 2008 “Cultural diversity? Wealth to make the most of” “Environmental sustainability? A commitment to future generations, a competitive advantage for the business” “Professional advancement? An individual challenge, value for the community” “Focus on the consumer? An attitude that is a natural part of everyday operations” Highlights_Profile_Strategy_The concession business_Autogrill’s market_Business segments_The brands_People_The Group development Highlights Revenue EBITDA EBIT (E million) (E million) (E million) 3,529 3,929 4,861 5,795 475 514 562 602 295 325 339 332 2005 2006 2007 2008 2005 2006 2007 2008 2005 2006 2007 2008 Group net profit Net financial indebtedness Capex (E million) (E million) (E million) 130 153 158 123 928 781 1,162 2,168 195 214 278 337 2005 2006 2007 2008 2005 2006 2007 2008 2005 2006 2007 2008 011 The Autogrill Group The Autogrill Group Profile Autogrill is the world’s leading provider of food & beverage and retail services for travellers. Present in 43 countries with over 70,000 employees, it manages more than 5,500 points of sale in over 1,200 locations. Autogrill serves people on the move and operates primarily under concession agreements, which allow the Group to plan medium to long-term operations. Food & beverage, travel retail & duty-free, and flight are the Group’s three business sectors. Food & beverage is its historical business and is well developed mainly in North America and Europe. Travel retail has become highly strategic with the recent acquisitions of Aldeasa, Alpha Group and World Duty Free Europe, and is concentrated mostly in Europe, with a significant presence in the Middle East, the Americas and Asia.
    [Show full text]
  • COURTESY TRANSLATION 2019 Corporate Governance and Ownership Report Pursuant to Art. 123 Bis of Legislative Decree No. 58 of 24
    COURTESY TRANSLATION 2019 Corporate Governance and Ownership Report pursuant to art. 123 bis of Legislative Decree No. 58 of 24 February 1998 (traditional administration and control model) Issuer: Autogrill S.p.A. Website: www.autogrill.com Year referred to in Report: 2019 Report approval date: 12 March 2020 1 CORPORATE GOVERNANCE AND OWNERSHIP REPORT CONTENTS GLOSSARY ........................................................................................................................ 4 1. PROFILE OF ISSUER ............................................................................................. 9 2. INFORMATION ON OWNERSHIP AS AT THE REPORT DATE ........................ 13 a) Structure of the Share Capital .............................................................................. 13 b) Restrictions on Transfer of Securities ................................................................... 14 c) Significant Shareholdings ..................................................................................... 15 d) Securities conferring Special Rights ..................................................................... 15 e) Employee Stock Ownership Plans: Mechanism for exercising Voting Rights ...................................................................................................................... 15 f) Restrictions on Voting Rights ............................................................................... 15 g) Shareholder Agreements......................................................................................
    [Show full text]
  • $Industry$ SECTOR
    Italian Research 3Q20 Results Milan, November 10, 2020 TXT E-SOLUTIONS OUTPERFORM SECTOR: Industrials Price (Eu): 7.60 Andrea Randone +39-02-77115.364 e-mail: [email protected] Target Price (Eu): 11.30 Positive Management Outlook Supports Our View on the Stock th 3Q20 results: margins beat forecasts. On 5 November TXT reported 3Q20 results. TXT E-SOLUTIONS - 12m Performance Revenues came to Eu15.7mn, up +1.2% YoY and in line with our estimates, with a +3.2% contribution from acquisitions. Aerospace & Aviation revenues came to Eu9.8mn, up 12 +1.6% YoY (entirely organic), while FinTech revenues came to Eu5.9mn, up +0.5% YoY 11 and down 8% on a like-for-like basis. EBITDA came to Eu2.1mn (of which Eu1.5mn from 10 A&A and Eu0.6mn from FinTech), up +3.3% YoY with a 13.2% margin vs 11.6% in our 9 8 estimates and 12.6% in 1H20. Net profit was Eu0.9mn, down 9.8% YoY but Eu0.3mn above 7 our expectations, burdened by a higher tax rate (43.4% in 3Q20 vs. 26.7% in 3Q19). The 6 5 net financial position was positive at Eu31.9mn, slightly better than our estimate (Eu30mn) 4 and down Eu9.5mn on the FY19 figure due to: 1) the acquisition of Mac Solutions SA in n-19 g-20 m-20 m-20 l-20 s-20 June 2020 (Eu5.1mn); 2) recognition of the debt put/call linked to the TXT Working TXT E-SO LUTI ONS TXT E-SOLUTIONS Rel.
    [Show full text]
  • Cassa Di Compensazione E Garanzia Spa Initial Margins Applied to Equity Derivatives Section As of 06/05/2019
    Cassa di Compensazione e Garanzia spa Initial Margins applied to Equity Derivatives Section as of 06/05/2019 Futures Straddle Short Options Contract type Code Multiplier Margin Interval Minimum Margin Margin Adjustment FTMIB Fut Futures (C) FTMIB 5.00 10.00% € 1650 € 420 === FTMIB Mini Fut Futures (C) MINI 1.00 10.00% € 330 € 84 === FTMIB Opt Options FTMIB 2.50 10.00% === € 210 20% FTSE ITALIA PIR MID CAP Futures (C) MCAP 1.00 10.00% € 480 === === A2A Fut (F)/Opt A2A 5000.00 11.25% € 430 € 35 20% ACEA Fut (F)/Opt ACE 500.00 10.25% € 170 € 31 20% AMPLIFON Options AMP 500.00 12.00% === € 43 20% ANIMA Holding Fut (F)/Opt ANIM 500.00 16.00% € 60 € 12 20% ATLANTIA Fut (F)/Opt ATL 500.00 18.00% € 250 € 77 20% AUTOGRILL Fut (F)/Opt AGL 500.00 12.75% € 120 € 21 20% AZIMUT HOLDING Fut (F)/Opt AZM 500.00 12.00% € 200 € 41 === BANCA GENERALI Options BGN 100.00 13.25% === € 12 20% BANCA MEDIOLANUM Fut (F)/Opt BMED 500.00 13.25% € 90 € 18 20% BANCA MONTE PASCHI SIENA Fut (F)/Opt BMPS 100.00 27.75% € 10 € 2 20% BANCA POPOLARE EMILIA ROMAGNA Fut (F)/Opt BPE 1000.00 17.50% € 150 € 29 20% BANCA POPOLARE SONDRIO Options BPSO 500.00 10.75% === € 5 20% BANCO BPM Fut (F)/Opt BAMI 1000.00 18.75% € 70 € 16 20% BANCO SANTANDER Futures (C) SANT 100.00 11.50% € 40 === === BBVA Futures (C) BBVA 100.00 14.25% € 40 === === BNP PARIBAS Futures (C) BNP 100.00 13.00% € 100 === === BREMBO Options BRE 500.00 11.25% === € 24 20% BRUNELLO CUCINELLI Options BC 100.00 16.25% === € 21 === BUZZI UNICEM Fut (F)/Opt BZU 100.00 10.75% € 40 € 8 20% CAMPARI Fut (F)/Opt CPR 1000.00
    [Show full text]
  • DEA CAPITAL OUTPERFORM SECTOR: Holdings & RE Price (Eu): 1.10 Alberto Villa +39-02-77115.431 E-Mail: [email protected] Target Price (Eu): 1.55
    Italian Research 4Q19 Results Milan, April 16, 2020 DEA CAPITAL OUTPERFORM SECTOR: Holdings & RE Price (Eu): 1.10 Alberto Villa +39-02-77115.431 e-mail: [email protected] Target Price (Eu): 1.55 AAM Transformation Continued in 2019. Net Cash Helps in Uncertain Times FY19 results confirmed ongoing trends. In 2019, DeA Capital increased total AuM to over DEA CAPITAL - 12m Performance Eu22bn, completing its transformation from an investment company to one of the most important Italian Alternative Asset Management operators, with a wide range of 02 investment solutions, ranging from Real Estate to Private Equity to Non-Performing 02 Exposure, including some of the most innovative proposals available on the Italian 01 market. As for FY19 financial results, the alternative asset management (AAM) platform 01 reported management fees at Eu65mn (+2.5% YoY) and a slightly lower operating result 01 at Eu14.6mn, as last year benefited from some extraordinary positive items (real estate 01 01 45% / investment solutions 33%, NPE 14% and private equity 8%). Net profit came to 01 Eu12mn, up 10% YoY, with a Eu0.12ps extraordinary dividend, flat YoY and in line with a-19 g-19 a-19 o-19 d-19 f-20 a-20 expectations; net cash was broadly stable at Eu65.8mn thanks to some asset disposals DEA CAPITAL DEA CAPITAL Rel. to FTSE All Shares (Reb.) and the cash-in of investments compensating investment activity and the Eu31mn dividend payout. NAVps was Eu1.76, up slightly YoY confirming the stable nature of the assets – management companies and investments – included in the portfolio.
    [Show full text]
  • Autogrill Group 2008 Sustainability Report
    Autogrill Group 2008 Sustainability Report 2008 Sustainability Report Autogrill Group Contents Introduction 02 How to read the Sustainability Report 03 Results and objectives 06 Message of the CEO 07 The Autogrill Group 08 The Group’s development 010 Vision, Mission and Strategy 011 The concession business 012 Business sectors 017 The brands 018 The organization model Autogrill’s sustainability 020 The road to sustainability 022 The Code of Ethics 023 Afuture, a project and philosophy for a sustainable future 026 The Corporate Governance system 035 Clear policies towards stakeholders 036 SA8000 Ethical Certification 037 Awards and recognitions in 2008 037 Sustainability rating The economic dimension of sustainability 038 039 Highlights: main economic indicators 042 Sales by sector and channel 045 Autogrill on the financial markets 046 Shareholders 046 Economic value generated and distributed The social dimension of sustainability 048 051 Highlights: main social indicators 052 Human resources management and valorization 067 Consumer transparency 074 Partner relationships 079 Investing in the community The environmental dimension of sustainability 086 089 Highlights: main environmental indicators 090 Managing the relation with the environment 093 Impact of activities on the environment 100 Sales point innovation 103 Training and communication The GRI-G3 indicators 104 The Independent Auditors’ Report 111 Glossary 113 Contents The Autogrill Group Introduction Each year the Sustainability Report (hereinafter referred to as “Report”) attempts to provide its readers with a greater understanding of the complex relationships that make up the Auto- grill world. The significant growth over the past few years has transformed the Autogrill Group (referred to as “Autogrill,” “Company,” or “Group”) into a highly recognized organization, synony- mous not only with complete and quality products, but also with a style and a way of being for ever changing people, cultures and markets, making the most of each unique element.
    [Show full text]
  • Atlantia S.P.A
    Atlantia S.p.A. (incorporated as a joint stock company in the Republic of Italy) Unconditionally and irrevocably guaranteed by Autostrade per l’Italia S.p.A. €10,000,000,000 Euro Medium Term Note Programme Under this Euro Medium Term Note Programme (the “Programme”), Atlantia S.p.A. (“Atlantia” or the “Issuer”) may, from time to time, subject to compliance with all applicable laws, regulations and directives, issue debt securities in either bearer or registered form (respectively, “Bearer Notes” and “Registered Notes” and, together, the “Notes”) to be unconditionally and irrevocably guaranteed by Autostrade per l’Italia S.p.A. (“Autostrade Italia” or the “Guarantor”), Atlantia’s wholly-owned subsidiary (the “Guarantee”). The maximum aggregate nominal amount of all Notes from time to time outstanding under the Programme will not exceed €10 billion (or the equivalent in other currencies). The Notes may be issued on a continuing basis to one or more of the Dealers defined below or any additional Dealer appointed under the Programme from time to time, which appointment may be for a specific issue or on an ongoing basis (each a “Dealer” and together, the “Dealers”). References in this Offering Circular to the relevant Dealer, in the case of an issue of Notes being (or intended to be) subscribed by more than one Dealer, shall be to all Dealers agreeing to subscribe for such Notes. This Offering Circular is a “base prospectus” in accordance with Article 5.4 of Directive 2003/71/EC (the “Prospectus Directive”) as amended (which includes the amendments made by Directive 2010/73/EU (the “2010 PD Amending Directive”) to the extent that such amendments have been implemented in the relevant Member State of the European Economic Area).
    [Show full text]
  • 2017 Remuneration Report
    2017 Remuneration Report Approved by the Board of Directors on March 16, 2017 Mission We approach each challenge with innovative, reliable and secure solutions to meet the needs of our clients. Through multicultural working groups we are able to provide sustainable development for our company and for the communities in which we operate. Values Innovation; health, safety and environment; multiculturalism; passion; integrity. Countries in which Saipem operates EUROPE Austria, Belgium, Bulgaria, Croatia, Cyprus, Denmark, France, Italy, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Principality of Monaco, Romania, Spain, Sweden, Switzerland, Turkey, United Kingdom AMERICAS Argentina, Bolivia, Brazil, Canada, Chile, Colombia, Ecuador, Mexico, Panama, Peru, Suriname, United States, Venezuela CIS Azerbaijan, Georgia, Kazakhstan, Russia, Turkmenistan, Ukraine AFRICA Algeria, Angola, Congo, Egypt, Gabon, Ghana, Ivory Coast, Libya, Morocco, Mozambique, Namibia, Nigeria, Uganda MIDDLE EAST Iraq, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates FAR EAST AND OCEANIA Australia, China, India, Indonesia, Malaysia, Singapore, South Korea, Taiwan, Thailand 2017 Remuneration Report Letter from the Chairman of the Compensation and Nomination Committee 2 Foreword 3 Overview 4 2017 Remuneration Policy 4 2016 Remuneration Report (Section I) - Results of vote at Shareholders’ Meeting 5 Pay-mix 6 Section I - 2017 Remuneration Policy 8 Governance of the remuneration process 8 Bodies and persons involved 8 Saipem Compensation and Nomination Committee
    [Show full text]
  • Autogrill Group Sustainability Report
    Autogrill Group Sustainability Report 2015 Autogrill Group 2015 Sustainability Report Translation from the Italian original which remains the definitive version. Letter from the CEO Dear Stakeholders, (G4-1) Autogrill posted excellent financial results for 2015. While North America produced impressive figures that were key to the Group’s overall performance, we should also remember the return to profitability in Europe and double-digit growth in the International area, where we won several new contracts and opened over a hundred new points of sale. Solid growth in sales and margins enabled the Group to double its profits and cash flow generation. Over the year the Group continued to strengthen its medium-term competitive position both by increasing its contracts portfolio and by making significant investments, of which over 50% in North America. Almost 80% of total investments went into development. We continue to take opportunities that will benefit us in the short and medium term by leveraging our know-how: our ability to partner with the world’s biggest food & beverage brands at the same time as developing strong and innovative in-house brands, that are increasingly valued and competitive in Italy and abroad. Take Bistrot, for instance, which caters for travellers in channels and countries with different culinary traditions, from Dutch railway stations to North American and European airports and onto Italian motorways. And other award winning formats that we’ve created, such as Gorgeous Kitchen at Heathrow and Whiskey River at Charlotte Airport, to mention just a couple. Geographical and channel diversification, the capacity to constantly innovate our offering and the passion and commitment of all our people are, in my opinion, the most effective means to successfully negotiate an environment that is still characterized by uncertainty and continue to grow in the future.
    [Show full text]
  • GENERALI SMART FUNDS Annual Report and Audited Financial Statements As at 31.12.2020
    GENERALI SMART FUNDS Annual report and audited financial statements as at 31.12.2020 RCS Luxembourg N B208009 GENERALI SMART FUNDS Contents 3 Management and Administration 4 Report of the Board of Directors 9 Report of the Investment Managers 13 Independent Auditor’s Report 15 Statement of Net Assets as at 31.12.2020 19 Statement of Operations and Changes in Net Assets for the year ended 31.12.2020 23 Key Figures 25 Changes in number of shares Portfolios 27 GENERAtion Next Protect 28 GENERAtion Plus Euro Equity 29 GENERAtion Plus Protect I 30 GENERAtion Plus Protect II 31 Fidelity World Fund 33 JP Morgan Global Macro Opportunities 34 Amundi Managed Growth 35 JP Morgan Global Income Conservative 36 Serenity 39 Best Managers Conservative 40 Best Selection 41 PIR Valore Italia 43 PIR Evoluzione Italia 45 Prisma CONSERVADOR 46 Prisma MODERADO 47 Prisma DECIDIDO 48 Responsible Protect 90 49 JP Morgan Global Equity Fund 51 Notes to the Financial Statements as at 31.12.2020 60 Additional Information (unaudited) Subscriptions can only be received on the basis of the latest prospectus and relevant Key Investor Information Document (“KIID”) accompanied by the latest annual report as well as by the latest semi-annual report if published after the latest annual report. 2 GENERALI SMART FUNDS Management and Administration Investment Managers Registered Office DWS International GmbH 60, avenue J.F. Kennedy Mainzer Landstraße 11-17 L - 1855 Luxembourg 60329 Frankfurt am Main Germany Depositary and Paying Agent FIL Pensions Management Oakhill House, 130 Tonbridge Road BNP Paribas Securities Services, Luxembourg Branch Hildenborough, Kent TN11 9DZ 60, avenue J.F.
    [Show full text]