DOCSLIB.ORG

Annual Report and Accounts 2016

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Annual Report and Accounts 2016 Oakley Capital Investments Limited Investments Oakley Capital Annual Report and Accounts 2016 Annual Report and Accounts 2016 Accounts and Annual Report Oakley Capital Investments Limited 3rd Floor, Mintflower Place 8 Par-la-Ville Road Hamilton HM08 Bermuda T: +1 441 542 6330 F: +1 441 542 6724 E: [email protected] Oakley Capital Investments Limited Strategic Report by Annual Report & Accounts 2016 Overview the Investment Adviser Governance Financial Statements 01 Financial Highlights Net Asset Value1 Net Asset Value per Share2 Total NAV per Share Return Oakley Capital Investments Limited (“OCI” or the £438.4m £2.31 +16% “Company”) is a Bermuda based company listed on (2015: £382.2m) (2015: £2.00) (2015: 0%) AIM. OCI seeks to provide investors with long-term capital appreciation, through its investment in the Underlying Oakley Funds’ Share Price Total Shareholder Return3 Oakley Funds and co-investment opportunities. Portfolio Growth4 £1.64 +17% +30% (2015: £1.44) (2015: -7%) (2015: +31%) Overview Governance Financial Highlights Board of Directors 01 38 Number of Shares in Issue Maiden Dividend Value of Current Investments 02 At a Glance 40 Directors’ Report at 31 December 2016 04 Chairman’s Statement 42 Statement of Directors’ Responsibilities 43 Audit Committee Report 4.5p 189.8m £340.9m (2015: nil) (2015: £289.2m) Strategic Report by the Investment Adviser 44 Corporate Governance Report (2015: 191.1m) Introduction to the Investment 08 Manager and Adviser Financial Statements 09 OCI Investment Policy and Strategy 50 Independent Auditor’s Report Oakley Funds’ Portfolio Companies 11 Investment Approach Consolidated Statement 52 14 Environmental, Social and Governance of Comprehensive Income 53 Consolidated Balance Sheet 16 Market Overview and Outlook Consolidated Statement OCI NAV Overview 54 17 of Changes in Equity Parship Elite Group Time Out Educas 18 Movement in Net Asset Value 55 Consolidated Statement of Cash Flows Page 26 Page 28 Page 29 19 OCI Investment Activity 56 Notes to the Consolidated Financial Statements 21 Portfolio Review: Oakley Fund I Investment Activity 79 Glossary 22 Portfolio Review: Oakley Fund II Investment Activity 80 Directors and Advisers Notice of Annual General Meeting 23 Oakley Funds’ Realisations and Distributions 81 North Sails Facile.it Damovo 24 Portfolio Review: Co-Investment Activity Page 30 Page 31 Page 32 26 Case Study: Parship Elite Group 28 Overview of Oakley Funds’ Portfolio Companies For more information visit www.oakleycapitalinvestments.com Daisy Verivox Host Europe Group Page 33 Page 34 Page 35 1 This is the post-dividend NAV, pre-dividend NAV was £447.0 million at 31 December 2016. 2 Calculated based on the post-dividend NAV, pre-dividend NAV per share was £2.35 at 31 December 2016. 3 Calculated based on the share price at 31 December 2016 of £1.64 plus the maiden dividend of 4.5 pence. 4 Calculated on a like-for-like basis. Oakley Capital Investments Limited Strategic Report by 02 Annual Report & Accounts 2016 Overview the Investment Adviser Governance Financial Statements 03 At a Glance The post-dividend NAV of OCI was £438.4m* (2015: £382.2m) on 31 December 2016, a 15% increase SECTOR FOCUS GEOGRAPHICAL FOCUS year-on-year. It consists of the following components: Oakley has developed an expertise in three core sectors in which Investments are focused primarily in Western Europe. it has successfully invested. FUND INVESTMENTS CO-INVESTMENTS OTHER ASSETS/LIABILITIES TMT CONSUMER EDUCATION WESTERN EUROPE 48.2% 29.6% 22.2% of total NAV of total NAV of total NAV PERFORMANCE £211.3m £129.6m £97.5m The table and graphs below reflect the performance from inception to date. Performance (Total Return) OCI NAV & NAV per share Assets in the Investments held by OCI Other assets 500 2.50 underlying Oakley Funds. directly or indirectly in the and liabilities held by OCI, 1 year 5 years Since inception portfolio companies either primarily cash. OCI NAV per share growth 16% 35% 133% 400 2.00 through equity or debt. OCI share price growth* 14% 24% 61% 300 1.50 £ £m *Based on pre-dividend share price growth 200 1.00 100 0.50 PORTFOLIO KEY EVENTS DURING 2016: 0 0 2008 2009 2010 2011 2012 2013 2014 2015 2016 NAV £m NAV per share The Company invests in a number of portfolio companies, • Time Out Group plc successfully listed on the AIM market of indirectly through the Oakley Funds, or directly through its the London Stock Exchange, raising net proceeds of £59m. OCI long-term performance vs Indices co-investments. The composition of OCI’s investment in the • A partial sale of Parship Elite Group to ProSiebenSat.1 Media 200 underlying portfolio companies is represented in the pie-chart SE (“ProSieben”) resulting in proceeds of €43.3m (£38.9m) 180 below, (which includes debt and equity investments). being distributed to the Company. 160 • An agreement to sell Host Europe Group ("HEG") to GoDaddy Time Out £87.2m Inc. was reached in December 2016. Expected proceeds to the 140 Educas £69.7m Company are approximately €14.4m (£12.2m). 120 North Sails £54.3m • Total commitments of €325.0m (£277.3m) were made to Fund 100 Daisy £42.8m III during the year. OCI’s share Facile £39.3m • Maiden dividend was declared of 4.5 pence which was paid 80 of the underlying Parship £22.7m index Performance Portfolio on 30 January 2017. 60 Companies Fund Facilities £22.6m • Announcement of Fund III’s first investment in December 40 HEG £12.2m 2016, acquiring a portfolio of online property portals Verivox £9.8m including the leading website in Luxembourg, atHome.lu, and 20 Damovo £5.5m the number two player in Italy, Casa.it. 0 Broadstone £0.4m 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 ALL Share AIM all share AIM 100 OCI * This is the post-dividend NAV, pre-dividend NAV was £447.0 million at 31 December 2016. Oakley Capital Investments Limited Strategic Report by 04 Annual Report & Accounts 2016 Overview the Investment Adviser Governance Financial Statements 05 I am pleased to report that the underlying performance of the Oakley Funds’ portfolio companies has been strong, reflected in the 30% like-for-like growth in the fair value of the Oakley Funds’ investment portfolios over the past twelve months. Chairman’s Statement Fund III announced its first investment in December 2016, Fund II represented £144.0 million (2015: £102.0 million) of perform well and provide long-term capital appreciation for acquiring a number of European real estate consumer the Company’s NAV, an increase of £42.0 million in the year. its shareholders. websites including Casa.it in Italy and atHome.lu in The main driver of this increase was an uplift in fair value Luxembourg. This will build on Oakley’s experience in the arising from improved trading performances in a number of Post Balance Sheet Events digital consumer sector through its previous investments the underlying portfolio companies, particularly Educas and On 23 January 2017, the Company announced a placing in Facile, Parship Elite Group and Verivox. This transaction Facile. Fund II also made follow-on investments in Educas, of up to 17.1 million treasury shares at a price of £1.57 per completed in January 2017. Daisy, North Sails and Verivox in 2016, totalling €81.3 share. The Company sold 15.0 million treasury shares and million (£69.3 million). Funding and Commitments cancelled the remaining 2.1 million. This transaction settled on 7 February 2017 raising funds of £23.6 million. The The Company has a capital commitment of €188.4 million Co-investments represented £129.6 million of the number of ordinary shares with voting rights currently in (£160.1 million) to Fund I of which 95.0% had been called at Company’s NAV at year end, comprising quoted and issue is 204,804,036, and the Company no longer holds any 31 December 2016, making Fund I fully invested with just “The Company’s net asset value increased in unquoted equity and debt securities. This included shares in treasury. The dilution impact of this on the NAV per two companies remaining in the portfolio. the year by £56.2 million to £438.4 million.” £6.8 million of follow-on investment in Time Out, and share as at 31 December 2016 was approximately 2.6%, or debt financing provided to North Sails Apparel BV (“North The Company has a capital commitment of €200.0 million 5.9 pence (2015 dilution: 1.4%, 2.9 pence). Sails Apparel”) of £10.0 million. Christopher Wetherhill (£170.6 million) to Fund II of which 76.5% had been called On 31 January 2017, Fund III completed its first Chairman at 31 December 2016. Including debt facilities provided to Board and Committee Changes the Fund, 93% of commitments have been deployed, making acquisition, purchasing a group of European real estate Fund II also essentially fully invested. In June 2016, Caroline Foulger was appointed as a Non- consumer websites including Casa.it in Italy and atHome.lu executive Director to the Board and Chair of the Risk in Luxembourg. The Company’s contribution to the equity Overview The Company has made a capital commitment of €325.0 Committee and Laurence Blackhall was appointed Chair investment, through its interest in Fund III, is approximately I am pleased to report that the Company has performed million (£277.3 million) to Fund III, of which 3% had been of the Audit Committee. Caroline has been an independent €32.5 million (£28.2 million). well in 2016. There has been a 30% increase (on a like-for- called at 31 December 2016. Director in the financial services industry since early 2013, like basis) in the fair values of the portfolio companies held and brings her significant experience to the Board of OCI.
Load more

Recommended publications
  • Investor Book (PDF)
    INVESTOR BOOK EDITION OCTOBER 2016 Table of Contents Program 3 Venture Capital 10 Growth 94 Buyout 116 Debt 119 10 -11 November 2016 Old Billingsgate PROGRAM Strategic Partners Premium Partners MAIN STAGE - Day 1 10 November 2016 SESSION TITLE COMPANY TIME SPEAKER POSITION COMPANY Breakfast 08:00 - 10:00 CP 9:00 - 9:15 Dr. Klaus Hommels Founder & CEO Lakestar CP 9:15 - 9:30 Fabrice Grinda Co-Founder FJ Labs 9:35 - 9:50 Dr. Klaus Hommels Founder & CEO Lakestar Fabrice Grinda Co-Founder FJ Labs Panel Marco Rodzynek Founder & CEO NOAH Advisors 9:50 - 10:00 Chris Öhlund Group CEO Verivox 10:00 - 10:10 Hervé Hatt CEO Meilleurtaux CP Lead 10:10 - 10:20 Martin Coriat CEO Confused.com Generation 10:20 - 10:30 Andy Hancock Managing Director MoneySavingExpert K 10:30 - 10:45 Carsten Kengeter CEO Deutsche Börse Group 10:45 - 10:55 Carsten Kengeter CEO Deutsche Börse Group FC Marco Rodzynek Founder & CEO NOAH Advisors CP 10:55 - 11:10 Nick Williams Head of EMEA Global Market Solutions Credit Suisse 11:10 - 11:20 Talent 3.0: Science meets Arts CP Karim Jalbout Head of the European Digital Practice Egon Zehnder K 11:20 - 11:50 Surprise Guest of Honour 11:50 - 12:10 Yaron Valler General Partner Target Global Mike Lobanov General Partner Target Global Alexander Frolov General Partner Target Global Panel Shmuel Chafets General Partner Target Global Marco Rodzynek Founder & CEO NOAH Advisors 12:10 - 12:20 Mirko Caspar Managing Director Mister Spex 12:20 - 12:30 Philip Rooke CEO Spreadshirt CP 12:30 - 12:40 Dr.
    [Show full text]
  • Permira Credit Solutions II Acts As Sole Lender in Oakley Capital's
    Permira Credit Solutions II acts as sole lender in Oakley Capital’s acquisition of German online dating company PARSHIP 1 May 2015 – Permira Debt Managers (“PDM”), the debt management and advisory arm of Permira and one of Europe’s leading specialist debt investors, today announces that direct lending fund Permira Credit Solutions II will act as sole lender in the financing of the acquisition of German online dating company PARSHIP by Oakley Capital. The acquisition of PARSHIP by Oakley Capital is supported by a long-term investment loan provided and arranged by Permira Credit Solutions II which acted as the sole lender. In addition an acquisition facility is available to support potential add-on acquisitions. Founded in 2001 and headquartered in Hamburg, PARSHIP is one of Europe’s original online dating businesses with leading market positions in Germany, Switzerland and Austria. Its website PARSHIP.com is currently available in 13 countries and the company has over 50 cooperation partners in Europe. In 2014, PARSHIP grew its turnover by 35% to €60m. Thomas Kyriakoudis, Chief Investment Officer, from Permira Debt Managers added: “In recent years PARSHIP has emerged as leader in the DACH market through a combination of digital innovation and a true understanding of the needs of its large and growing customer base. We are delighted to back new owners Oakley Capital who we believe have the skills to take an already successful business to the next level.” Lincoln International acted as financial advisor while Ashurst acted as legal advisor to Oakley Capital and Freshfields Bruckhaus Deringer provided legal advice to PDM in connection with the acquisition financing.
    [Show full text]
  • Acquisition of PARSHIP ELITE Group Prosiebensat.1 Media SE
    The power of television September 5, 2016 Acquisition of PARSHIP ELITE Group ProSiebenSat.1 Media SE | September 5, 2016 | Highlights ✔ Majority acquisition (50% plus one share) of PARSHIP ELITE Group ✔ Leading provider of online dating services in German-speaking market ✔ Enterprise value of EUR 300m, cash investment by P7S1 of EUR 200m 1 ✔ Purchase price of EUR 100m and preferred capital of EUR 100m ✔ Oakley Capital and management stay invested (together 50% minus one share) ✔ EV/EBITDA acquisition multiple of ~12x (2016E, pre synergies) ✔ Closing is subject to merger control approval (expected in Q4 2016) | September 5, 2016 | 1) Interest on preferred capital of 6.5% p.a. to be paid by PARSHIP ELITE Group to ProSiebenSat.1 Media SE 2 Rationale 1 ✔ Attractive market with CAGR of >+10% , high single-digit growth going forward ✔ High-margin and asset-light consumer subscription business ✔ Strong geographical footprint in German-speaking markets comparable to P7S1 ✔ German online match-making category with significant catch-up potential ✔ Opportunity to increase rec. EBITDA margin to up to 30%, up from 21% (2016E) Upside Considerable TV advertising and non-TV synergies expected potential ✔ through joint data initiatives Notable cross-selling potential with lifestyle commerce assets and digital ✔ ad sales 1) Core market Germany, 2012-2015, Source: P7S1 analysis, Singleboersenvergleich market study (reported revenues for PARSHIP and | September 5, 2016 | ELITEPARTNER, estimate for eDarling) 3 PARSHIP ELITE acquisition to constitute new subscription-based
    [Show full text]
  • Online Courtship: Interpersonal Interactions Across Borders
    Saint Mary's College of California Saint Mary's Digital Commons Scholarship, Research, Creative Activities, and Staff Works Community Engagement 2015 Online Courtship: Interpersonal Interactions Across Borders James Johnson [email protected] Follow this and additional works at: https://digitalcommons.stmarys-ca.edu/staff-works Part of the Communication Commons Repository Citation Johnson, James. Online Courtship: Interpersonal Interactions Across Borders (2015). Institute Network Cultures. [book]. https://digitalcommons.stmarys-ca.edu/staff-works/97 This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License. This Book is brought to you for free and open access by the Scholarship, Research, Creative Activities, and Community Engagement at Saint Mary's Digital Commons. It has been accepted for inclusion in Staff Works by an authorized administrator of Saint Mary's Digital Commons. For more information, please contact [email protected]. A SERIES OF READERS PUBLISHED BY THE INSTITUTE OF NETWORK CULTURES ISSUE NO. 16 EDITED BY I. ALEV DEGIM JAMES JOHNSON & TAO FU ONLINE COURTSHIP INTERPERSONAL INTERACTIONS ACROSS BORDERS Theory on Demand #16 Online Courship: Interpersonal Interactions Across Borders Editors: I. Alev Degim, James Johnson, Tao Fu Copy-editing: Jess van Zyl Editorial Support: Miriam Rasch Design: Jess van Zyl EPUB development: Gottfried Haider and Jess van Zyl Printer: ‘Print on Demand’ Publisher: Institute of Network Cultures, Amsterdam 2015 ISBN: 978-90-822345-7-2 Contact Institute of Network Cultures web: http://networkcultures.org This publication is available through various print on demand services. EPUB and PDF editions of this publication are freely downloadable from our website, http://networkcultures.org/publications/#tods This publication is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-SA 4.0).
    [Show full text]
  • Gay Online Dating Firm Gay-PARSHIP Sponsors VIII Gay Games in Cologne Submitted By: PARSHIP Gmbh Thursday, 24 June 2010
    gay online dating firm gay-PARSHIP sponsors VIII Gay Games in Cologne Submitted by: PARSHIP GmbH Thursday, 24 June 2010 Opening ceremony of the VIII Gay Games in Cologne 2010 at the RheinEnergie Stadium: songstress Agnes is one of the star acts Sponsor gay-PARSHIP books Swedish shooting-star for the opening event of the world’s biggest gay/lesbian sporting event in Cologne Hamburg / Cologne, 17 June 2010 – 31 July 2010 will see the packed opening ceremony of the VIII Gay Games in Cologne’s RheinEnergie Stadium. The event will inaugurate the globe’s biggest gay/lesbian sporting and cultural event. More than 9,000 participants from all over the world have already registered. For the kick-off event, the sponsor gay-PARSHIP, Europe’s Europe’s largest scientifically based online dating service (http://www.gay-parship.co.uk) for gay singles, will be bringing the songstress Agnes to Cologne. The 21-year-old shooting-star from Sweden will be giving a live performance of her Top 5 hit “Release me” and the new official gay-PARSHIP song for 2010 “On And On”. Agnes will also be lighting up the stage at the subsequent opening party in the Lanxess Arena. Besides the Scandinavian Pop-Idol winner, other show acts will be getting the audience’s pulses racing. Tickets can be purchased online at www.games-cologne.de. gay-PARSHIP is partner of the VIII Gay Games in Cologne this year. gay-PARSHIP is active all over Europe as an advertising associate of the games’ organisers in Cologne. “With our involvement we aim to further upgrade awareness of our brand in Europe.
    [Show full text]
  • Working for the IAEA
    Working for the IAEA A Guide for US Citizens 2018 Edition Working for the IAEA A Guide for US Citizens 2018 Edition From the Editors This Guidebook is intended to provide practical information for United States citizens embarking on or considering an assignment at the International Atomic Energy Agency (IAEA) in Vienna, Austria. Since its first appearance in 1989, the Guidebook has been revised frequently to reflect changes occurring at the IAEA, within the United States Support Program to IAEA Safeguards (USSP), and in Vienna. The 2018 Edition reflects these changes at the time of publication. Nevertheless, IAEA salaries, allowances, and other benefits change, as do telephone numbers, addresses, and websites. Currency exchange rates, prices, and store hours in Vienna inevitably fluctuate. We regret any inconvenience this may cause our readers. The 2018 Edition of the Guidebook was prepared by the International Safeguards Project Office (ISPO) under the auspices of the USSP and was published by Brookhaven National Laboratory (BNL). Jeanne Anderer, Ben Dabbs Editors November 2018 Working for the IAEA: A Guide for US Citizens 2018 Edition Prepared by the International Safeguards Project Office (ISPO) under the auspices of the United States Support Program to IAEA Safeguards (USSP) International Safeguards Project Office (ISPO) Brookhaven National Laboratory 30 Bell Avenue, Building 490C Upton, New York 11973‑5000, USA Telephone: (631) 344‑5902 Fax: (631) 344‑5266 Web: bnl.gov/ispo facebook.com/ISPObnl youtube.com/IAEAvideo Printed by Brookhaven
    [Show full text]
  • Online Dating Statistic: British Women Are Confident Enough to Wait for Mr Right
    ONLINE DATING STATISTIC: BRITISH WOMEN ARE CONFIDENT ENOUGH TO WAIT FOR MR RIGHT At first glance, UK women might seem traditional, still preferring a relationship over singledom, marriage over cohabitation and looking to their parents as role models. But they’ve certainly moved on from the self-pitying Bridget Jones stereotype of the 90s. In a new survey by PARSHIP, Europe’s largest premium online dating service, which uses a rigorous personality profiling test to determine compatibility, found only 30% of women in the UK are unhappy with their single status (the figure for men is 38%) and 41% say it results from their desire to retain their independence and keep time for themselves; this compares to just 30% of men. Overall, the longer a woman remains single, the happier she becomes with her situation. What British women don’t want in a man Many British women consider themselves fussy when it comes to choosing a man, but they’re not hooked up on finding an Adonis. In the survey of 5,000 single Europeans, only 12% of women are turned off by baldness, 25% by hair on a man’s back and 21% by love handles or a bit of a tummy. It’s the faults of the inner man that bothers them more: 58% are put off by a know-it-all, 64% by a dominating personality and 62% by ruthlessness. What UK women do want in a man Honesty is top of the wishlist (97%), followed by the ability to communicate well (95%), openness (88%), a sense of humour (88%) and faithfulness (90%).
    [Show full text]
  • Q3 2011 Revenue
    Paris, October 20, 2011 Q3 2011 revenue Q3 2011 (EUR million) . Revenue 1,419 . Published growth +7.5% . Organic growth +6.4% At September 30, 2011 (first nine months) (EUR million) . Revenue 4,118 . Published growth +6.7% . Organic growth +6.9% . New Business (net) USD 4,1 billion Maurice Lévy, Chairman and CEO of Publicis Groupe, declares: “Our third quarter growth of +6.4% demonstrates the appeal of the Groupe and the effectiveness of our strategy. It may be useful to remind you that the benchmark for this growth was a 2010 third quarter that also saw a strong increase (+9.2%). I’d like to thank all our teams around the world for this superb performance. We are well on the way to fulfilling our goals for the digital sector and emerging markets. In fact, digital exceeded our goal of 30% as early as the end of September. At 23.7%, our revenue from emerging countries is close to our 25% objective. These will continue to be our two strategic pillars for growth. We will be intensifying our efforts of development and investment, given the key interest of these sectors for our clients, our know-how and our Groupe. New business did well too, with several iconic wins. Since July 2011, market forecasts have been adjusted downwards with every publication. Thus 2011 is now expected to see growth of 3.6%, when in July that growth was still forecasted at 4.1%. Much of the decrease may occur in the fourth quarter. Despite the economic slowdown, which is now visible to all, and a basis for comparison that was exceptionally high (Publicis grew by 12.5% in the 4th quarter of 2010), we maintain our target of better than market growth for 2011 overall.
    [Show full text]
  • 1 PRESS RELEASE: Tuesday, 6Th March, 2007 PARSHIP GETS SERIOUS ABOUT GAY ONLINE DATING Gay-PARSHIP.Co.Uk Launched by European D
    PRESS RELEASE: Tuesday, 6th March, 2007 PARSHIP GETS SERIOUS ABOUT GAY ONLINE DATING gay-PARSHIP.co.uk launched by European dating network for long-term relationships PARSHIP, Europe’s largest and most successful scientifically-based proven online dating service, with over 2.2 million members, is to launch the first UK website to target the three million gay men and gay women in Britain who are looking for a serious relationship. Gay-PARSHIP is part of a gay dating network with a presence in seven European countries – UK, Germany, Switzerland, Austria, Belgium, Spain and Netherlands. The gay service will be rolled out in PARSHIP's other territories – France, Denmark and Sweden – over the next six months. According to research commissioned by PARSHIP, online dating services and chatrooms have now become the most popular way for gay people to get a date – no less than 87% of gay men and 58% of gay women claim to have used them over the last 12 months. Yet until now, the research suggests, the right match has remained elusive in Britain’s gay community: over the same period just 18% of gay men and 27% of gay women have had a serious relationship, even though 47% and 41% respectively are actively looking for a serious long-term relationship. A mere 16% and 18% are looking for a series of casual flings. PARSHIP.co.uk has adapted its proprietary psychometric test, created by Hamburg University, for the Gay-PARSHIP service. Based on 40 years of scientific research, the PARSHIP test is able to match people who have both similar and complementary personality traits – the requirements for a harmonious relationship.
    [Show full text]
  • INTERNET DATING STATISTICS: 7.8 Million UK Singles Logged on to Find Love in 2007 Submitted By: PARSHIP Gmbh Friday, 18 January 2008
    INTERNET DATING STATISTICS: 7.8 million UK singles logged on to find love in 2007 Submitted by: PARSHIP GmbH Friday, 18 January 2008 Under strict embargo: Monday 21st January 2008 London - According to PARSHIP, Europe’s largest premium online matchmaking service, which uses a rigorous personality profiling test to determine compatibility, the Internet has become a mainstream way to meet someone special: there’s now a 50:50 chance that any single person you know is currently logging on to find love. In 2007, 7.8 million single Britons used some form of online dating service to find romance, compared to the 5.4 million who used a mixture of offline and online services in 2005. If many British singles still prefer the more casual approach, with over one third (39%) ready to sit back and wait for that special person to come along by chance, Internet dating is now far more than a niche activity: in the last 12 months, 52% of British men and 48% of women have used the Internet to find a date, compared to 2005 figures of 36% for men and 34% for women. What’s more, 53% of singles (59% of men and 46% of women) say they intend to use the Internet meet someone in the future, with figures rising to 65% with 36 to 40 year olds who say they intend to log on to find love in 2008. Nearly one third of singles (29%) believe it’s a great way of finding love (as opposed to a casual fling), and nearly two thirds of singles (57%) say it’s socially acceptable, even if 25% of people in a relationship would beg to differ.
    [Show full text]
  • Running Head: Personality and Relationship Quality
    Running head: Personality and Relationship Quality Who Makes Whom Happy in a Romantic Relationship? Contributions to the Predictive Validity of Personality Questionnaires in Mating Contexts. Doctoral Dissertation University of Hamburg Faculty of Psychology and Human Movement Department of Psychology Von-Melle-Park 5, 20146 Hamburg, Germany Inga Grossmann Matriculation Number: 6483333 Email: [email protected] Date of Submission: 25.09.2017 I Personality and Relationship Quality Date of Disputation: 19.03.2018 Vorsitzender des Prüfungsausschusses: Prof. Dr. Alexander Redlich Erster Dissertationsgutachter: Prof. Dr. Burghard Andresen Zweiter Dissertationsgutachter: Prof. Dr. Jan Wacker Erste Disputationsgutachterin: Prof. Dr. Monika Luzi Beyer Zweite Disputationsgutachterin: Prof. Dr. Juliane Degner II Personality and Relationship Quality Abstract Whose romantic relationships last happily? The present work aimed to contribute to the pre- dictive validity of personality questionnaires in mating contexts. Thereby, it refined the un- derstanding of how personality and romantic relationships - particularly their quality - inter- play. Five studies that utilized questionnaires for self-assessing both relationship-related and general personality traits were conducted. Study I and IV focused on predicting relationship quality with the help of methods from ma- chine learning: in both, linear additive models were developed and cross-validated based on different sets of personality variables as predictors. They reproducibly predicted relationship
    [Show full text]
  • Press Release 02/09/12
    Press Release 02/09/12 2011 Annual Results 2011 annual results (EUR million except EPS and dividend) . Revenue 5,816 . Published growth +7.3% . Organic growth +5.7% . New Business (net) 7.9 bn USD . Operating margin 931 +8.8% . Percentage operating margin 16.0% . Net income 600 +14.1% . EPS* 2.64 euro +12.3% . Free Cash Flow ** 704 +9% . Dividend *** 0.70 euro * Diluted Earnings Per Share ** excl. changes in Working Capital Requirements (WCR) *** Payable on July 2 subject to approval at the AGM of May 29, 2012 Publicisgroupe.com 1/25 Message from Maurice Lévy, Chairman & CEO of Publicis Groupe: “In a context of sovereign debt crisis and economic slowdown, Publicis has not only outperformed the market, more remarkably it has improved on its own outstanding performance of 2010. The Group’s margin, which has improved very satisfactorily, is back on the 16% mark while we continued investment in technology and talent. We have continued to pursue our strategy of making targeted acquisitions in digital communications and high‐growth countries. Our good performance in 2011 should be attributed, first and foremost, to the loyalty of our clients who trust us to help them win in a digitized, globalized and hyper‐competitive world. Our teams have put their talent, creativity and inventiveness at the service of our clients successfully and effectively. I would like to express my gratitude to both. We ended the year with a strong balance sheet and a record result in new business. Our considerable financial flexibility, our undiminished ability to innovate and our creativity should see us through this new era of short cycles that require flexibility and agility, qualities that remain intact within the Group.
    [Show full text]