SND2000 Report Monthly Report on the Developed International 2000 September 2019 Index Fundamentals

Index Ticker: SND2000 Contacts: S-Network Global Indexes [email protected] SND2000 Report Monthly Report on the Developed International 2000 September 2019 Index Fundamentals

TTM Div. Yield Forward Div. Yield Forecast MXEA SND2000 MXEA SND2000 MXEA SND2000 3.51 3.33 3.50 3.33 -0.35% -0.07%

Source: Bloomberg

Index Performance

Total Return Price Appreciation Compound Annual Growth Rate

1 Month 2.96% 1 Year -1.54% YTD 13.41% 3 Year 7.09% 1 Year -1.54%

3 Year 22.81% 5 Year 4.00% 5 Year 21.67% Since Inception 3.89% Inception 112.84%

*Returns under 1 year are not annualized Source: S-Network as of 09/30/2019

Leading Movers SND2000 Sector Performance (08/31/19 – 09/30/19) Company Name Ticker Opening Closing Change Communication Services -0.07% HLB INC 028300 KS 34.88 50.50 44.78%

Consumer Discretionary 2.92% FIRST QUANTUM MINERALS LTD FM CN 6.14 8.41 36.97%

Consumer Staples -1.14% SANBIO CO LTD 4592 JP 31.47 41.55 32.03%

Energy 4.75% ASICS 7936 JP 12.93 17.07 32.02% TAIYO YUDEN CO 6976 JP 18.83 24.33 29.21% Financials 5.76%

Health Care 0.35% Lagging Movers

Industrials 2.70% Company Name Ticker Opening Closing Change VIROMED CO. LTD. 084990 KS 151.00 55.43 -63.29% Information Technology 3.71% SIRIUS MINERALS PLC SXX LN 0.13 0.05 -62.31% Materials 1.95% UNIQURE B.V. QURE US 54.25 39.36 -27.45%

Real Estate 1.08% KEYWORDS STUDIOS PLC KWS LN 19.33 14.13 -26.90%

Utilities 2.35% METRO BANK PLC MTRO LN 3.27 2.46 -24.77%

Continued on back Company Reports

Communication Services:

Iliad SA's revenues increased +8.3% for the half year ended June 2019 to €2.49 billion from €2.30 billion a year earlier, while net income fell -40.1% to €243.0 million from €406.0 million. Quick Link 1 TPG Telecom LTD's revenues decreased -0.8% for the year ended July 2019 to AUD2.48 billion from AUD2.50 billion a year earlier, while net income fell -56.2% to AUD173.8 million from AUD396.4 million. Quick Link 2

Consumer Discretionary:

Inditex SA's net sales increased +6.6% for the half year ended July 2019 to €12.82 billion from €12.03 billion a year earlier, while net income rose +9.9% to €1.55 billion from €1.41 billion. Quick Link 3 Hermes International's revenues increased +15.1% for the half year ended July 2019 to €3.28 billion from €2.85 billion a year earlier, while net profit rose +6.8% to €754.0 million from €706.0 million. Quick Link 4 Dollarama Inc's revenues increased +9.0% for the quarter ended July 2019 to $946.4 million from $868.5 million a year earlier, while net earnings rose +2.0% to $143.2 million from $140.4 million. Quick Link 5 Sekisui House Ltd's net sales increased +21.0% for the half year ended July 2019 to ¥1.21 trillion from ¥1.00 trillion a year earlier, while net income rose +33.9% to ¥77.44 billion from ¥57.85 billion. Quick Link 6 Next Plc's revenues increased +2.6% for the half year ended July 2019 to £2.01 billion from £1.96 billion a year earlier, while net income rose +3.7% to £266.9 million from £257.3 million. Quick Link 7 Barratt Developments Plc's revenues decreased -2.3% for the year ended June 2019 to £4.76 billion from £4.87 billion a year earlier, while net income rose +10.2% to £740.0 million from £671.7 million. Quick Link 8 Delivery Hero Ag's revenues increased +74.2% for the half year ended June 2019 to €510.9 million from €293.3 million a year earlier, while net profit rose +391.6% to €721.2 million from €146.7 million. Quick Link 9 Kingfisher Plc's revenues decreased -1.3% for the half year ended July 2019 to £6.00 billion from £6.08 billion a year earlier, while net income fell -17.0% to £171.0 million from £206.0 million. Quick Link 10 Jd Sports Fashion Plc's revenues increased +47.0% for the half year ended July 2019 to £2.72 billion from £1.85 billion a year earlier, while net income fell -3.8% to £94.1 million from £97.8 million. Quick Link 11 Opap SA's revenues increased +5.7% for the half year ended June 2019 to €779.6 million from €737.5 million a year earlier, while net income rose +39.0% to €91.8 million from €66.0 million. Quick Link 12 Boohoo Group Plc's revenues increased +42.9% for the half year ended August 2019 to £564.9 million from £395.3 million a year earlier, while net income rose +81.9% to £36.1 million from £19.8 million. Quick Link 13 Rocket Internet SE's revenues increased +32.9% for the half year ended June 2019 to €31.5 million from €23.7 million a year earlier, while net income rose +85.2% to €550.1 million from €297.0 million. Quick Link 14 Bovis Homes Group's revenues increased +9.3% for the half year ended June 2019 to £472.3 million from £432.2 million a year earlier, while net income rose +20.7% to £58.8 million from £48.7 million. Quick Link 15 Redrow's revenues increased +9.9% for the year ended June 2019 to £2.11 billion from £1.92 billion a year earlier, while net income rose +6.8% to £329.0 million from £308.0 million. Quick Link 16 Wetherspoon (Jd)'s revenues increased +7.7% for the year ended July 2019 to £1.82 billion from £1.69 billion a year earlier, while net income rose +9.1% to £72.8 million from £66.7 million. Quick Link 17 Dunelm Group's revenues increased +4.8% for the year ended June 2019 to £1.10 billion from £1.05 billion a year earlier, while net profit rose +38.2% to £101.3 million from £73.3 million. Quick Link 18

Consumer Staples:

Alimentation Couche-Tard Inc's revenues decreased -4.3% for the quarter ended July 2019 to $14.16 billion from $14.79 billion a year earlier, while net earnings rose +18.3% to $538.8 million from $455.6 million. Quick Link 19 Wm Morrison Supermarkets Plc's revenues increased +0.3% for the half year ended July 2019 to £8.83 billion from £8.80 billion a year earlier, while net profit rose +75.3% to £156.0 million from £89.0 million. Quick Link 20 Empire Co Ltd's net sales increased +4.3% for the quarter ended July 2019 to CAD6.74 billion from CAD6.46 billion a year earlier, while net earnings rose +36.6% to CAD130.6 million from CAD95.6 million. Quick Link 21 Pigeon Corp's net sales decreased -0.6% for the half year ended July 2019 to ¥52.52 billion from ¥52.85 billion a year earlier, while net income fell -19.0% to ¥6.57 billion from ¥8.11 billion. Quick Link 22

Continued on back Company Reports (cont’d)

Ito En's net sales decreased -6.6% for the quarter ended July 2019 to ¥130.37 billion from ¥139.57 billion a year earlier, while net income rose +6.7% to ¥3.66 billion from ¥3.43 billion. Quick Link 23 Sugi Holdings Co Ltd's net sales increased +6.9% for the half year ended August 2019 to ¥488.46 billion from ¥457.05 billion a year earlier, while net income rose +9.3% to ¥17.94 billion from ¥16.41 billion. Quick Link 24

Energy:

Cairn Energy reported a net profit of $66.5 million for the half year ended June 2019 compared to a net loss of $500.5 million a year earlier, while revenues increased +48.2% to $270.3 million from $182.4 million. Quick Link 25 Energean Oil & Gas Plc reported a net loss of $4.5 million for the half year ended June 2019 compared to a net profit of $90.1 million a year earlier, while revenues increased +52.4% to $40.0 million from $26.3 million. Quick Link 26

Financials:

Partners Group Holding's revenues increased +3.5% for the half year ended June 2019 to CHF682.0 million from CHF659.0 million a year earlier, while net profit rose +0.8% to CHF397.0 million from CHF394.0 million. Quick Link 27 EXOR SpA's revenues decreased -0.2% for the half year ended June 2019 to €68.92 billion from €69.05 billion a year earlier, while net profit rose +228.4% to €2.43 billion from €0.74 billion. Quick Link 28 Wendel SA's net sales increased +2.7% for the half year ended June 2019 to €4.26 billion from €4.15 billion a year earlier, while net income fell -14.5% to €98.6 million from €115.3 million. Quick Link 29 Close Brothers Group Plc's revenues increased +1.3% for the year ended July 2019 to £816.4 million from £805.8 million a year earlier, while net income fell -0.3% to £201.6 million from £202.3 million. Quick Link 30 Ashmore Group Plc's revenues increased +13.8% for the year ended June 2019 to £314.3 million from £276.3 million a year earlier, while net income rose +18.0% to £178.6 million from £151.4 million. Quick Link 31 Sanne Group Plc's revenues increased +19.4% for the half year ended June 2019 to £78.7 million from £65.9 million a year earlier, while net profit fell -59.3% to £3.5 million from £8.6 million. Quick Link 32

Health Care:

Orpea's revenues increased +9.5% for the half year ended June 2019 to €1.84 billion from €1.68 billion a year earlier, while net profit rose +11.1% to €120.0 million from €108.0 million. Quick Link 33 Dechra Pharmaceuticals's revenues increased +18.3% for the year ended June 2019 to £481.8 million from £407.1 million a year earlier, while net income fell -14.4% to £30.9 million from £36.1 million. Quick Link 34 Biomerieux SA's net sales increased +9.4% for the half year ended June 2019 to €1.28 billion from €1.17 billion a year earlier, while net income rose +4.7% to €140.5 million from €134.2 million. Quick Link 35 Genus's revenues increased +3.9% for the year ended June 2019 to £488.5 million from £470.3 million a year earlier, while net income fell -81.7% to £7.8 million from £42.7 million. Quick Link 36 Abcam Plc's revenues increased +11.4% for the year ended June 2019 to £259.9 million from £233.2 million a year earlier, while net income fell -27.7% to £45.0 million from £62.2 million. Quick Link 37

Industrials:

Safran SA's revenues increased +27.2% for the half year ended June 2019 to €12.10 billion from €9.51 billion a year earlier, while net income rose +45.2% to €1.35 billion from €0.93 billion. Quick Link 38 IHS Markit Ltd's revenues increased +11.0% for the quarter ended August 2019 to $1.11 billion from $1.00 billion a year earlier, while net income fell -61.6% to $40.1 million from $104.5 million. Quick Link 39 Thales SA's revenues increased +9.9% for the half year ended June 2019 to €8.19 billion from €7.45 billion a year earlier, while net income rose +21.8% to €556.9 million from €457.2 million. Quick Link 40 Ashtead Group Plc's revenues increased +21.9% for the half year ended July 2019 to £1.28 billion from £1.05 billion a year earlier, while net profit rose +8.7% to £228.2 million from £209.9 million. Quick Link 41 Melrose Industries reported a net loss of £168.0 million for the half year ended June 2019 compared to a net loss of £328.0 million a year earlier, while revenues increased +100.0% to £5.70 billion from £2.85 billion. Quick Link 42 Continued on back Company Reports (cont’d)

Smiths Group Plc's revenues increased +7.3% for the year ended July 2019 to £2.50 billion from £2.33 billion a year earlier, while net income fell -18.6% to £227.0 million from £279.0 million. Quick Link 43 Knorr-Bremse Ag's revenues increased +8.4% for the half year ended June 2019 to €3.60 billion from €3.32 billion a year earlier, while net income rose +18.5% to €363.7 million from €307.0 million. Quick Link 44 Bollore's revenues increased +8.3% for the half year ended June 2019 to €11.78 billion from €10.88 billion a year earlier, while net income fell -12.4% to €530.0 million from €605.0 million. Quick Link 45 Dassault Aviation SA's net sales increased +78.9% for the half year ended June 2019 to €3.06 billion from €1.71 billion a year earlier, while net income rose +53.8% to €285.7 million from €185.7 million. Quick Link 46 NWS Holdings Ltd's revenues decreased -23.6% for the year ended June 2019 to HKD26.83 billion from HKD35.11 billion a year earlier, while net income fell -33.4% to HKD4.04 billion from HKD6.07 billion. Quick Link 47 Dormakaba Holding Ag's net sales decreased -0.7% for the year ended June 2019 to CHF2.82 billion from CHF2.84 billion a year earlier, while net profit rose +6.5% to CHF131.8 million from CHF123.8 million. Quick Link 48 Stadler Rail AG's revenues increased +40.0% for the half year ended June 2019 to CHF1.12 billion from CHF0.80 billion a year earlier, while net income rose +286.4% to CHF26.9 million from CHF7.0 million. Quick Link 49 Mytilineos SA's revenues increased +38.2% for the half year ended June 2019 to €990.8 million from €717.1 million a year earlier, while net income fell -2.7% to €81.6 million from €83.9 million. Quick Link 50

Information Technology:

Altran Technologies's revenues increased +16.1% for the half year ended June 2019 to €1.59 billion from €1.37 billion a year earlier, while net income rose +249.5% to €33.2 million from €9.5 million. Quick Link 51 Alten's revenues increased +17.3% for the half year ended June 2019 to €1.29 billion from €1.10 billion a year earlier, while net income rose +1.9% to €76.4 million from €75.0 million. Quick Link 52 Blackberry Ltd reported a net loss of $44.0 million for the quarter ended August 2019 compared to a net income of $43.0 million a year earlier, while revenues increased +16.2% to $244.0 million from $210.0 million. Quick Link 53 Descartes Systems Group Inc's revenues increased +20.0% for the quarter ended July 2019 to $80.5 million from $67.1 million a year earlier, while net income rose +0.8% to $8.6 million from $8.5 million. Quick Link 54 Oracle Corp Japan's revenues increased +4.1% for the quarter ended August 2019 to ¥47.51 billion from ¥45.65 billion a year earlier, while net income rose +4.5% to ¥9.82 billion from ¥9.40 billion. Quick Link 55 Keywords Studios Plc's revenues increased +39.3% for the half year ended June 2019 to €153.2 million from €110.0 million a year earlier, while net profit fell -60.8% to €3.0 million from €7.8 million. Quick Link 56

Real Estate:

Sun Hung Kai Properties's revenues decreased -0.4% for the year ended June 2019 to HKD85.30 billion from HKD85.64 billion a year earlier, while net income fell -10.1% to HKD44.91 billion from HKD49.95 billion. Quick Link 57 New World Development Company Limited's revenues increased +26.5% for the year ended June 2019 to HKD76.76 billion from HKD60.69 billion a year earlier, while net profit fell -22.2% to HKD18.16 billion from HKD23.34 billion. Quick Link 58

Utilities:

Rubis SCA's revenues increased +13.8% for the half year ended June 2019 to €2.73 billion from €2.40 billion a year earlier, while net income rose +21.3% to €156.6 million from €129.0 million. Quick Link 59 BKW AG's net sales increased +7.0% for the half year ended June 2019 to CHF1.37 billion from CHF1.28 billion a year earlier, while net profit rose +61.0% to CHF191.8 million from CHF119.1 million. Quick Link 60

Continued on back Quick Links

1. "Iliad SA Reports Half Year 2019 Results" https://www.iliad.fr/finances/2019/CP_030919_Eng.pdf (Accessed September 3, 2019). 2. "TPG Telecom LTD Reports Fiscal Year 2019 Results" https://www.tpg.com.au/about/pdfs/TPMFY19Presentation.pdf (Accessed September 18, 2019). 3. "Inditex Reports Half Year 2019 Results" https://www.inditex.com/documents/10279/625691/INDITEX+1H2019+Results.pdf/824c0b5a-023c-5905-64bd- 0df5ba7dca8c (Accessed September 11, 2019). 4. "Hermes International Reports Half Year 2019 Results" https://finance.hermes.com/var/finances/storage/original/application/ d4efd3f63e2a0c2c1d632b9ebf282b43.pdf (Accessed September 11, 2019). 5. "Dollarama reports fiscal 2020 second quarter results" https://www.dollarama.com/en-CA/corp/news-release?id=122649 (Accessed September 13, 2019). 6. "Sekisui House Ltd Reports Half Year 2019 Results" https://www.sekisuihouse.co.jp/english/financial/library/results/data/__icsFiles/afieldfile/2019/09/05/ t20190905e.pdf (Accessed September 6, 2019). 7. "Next Plc Reports Half Year 2019 Results" https://www.nextplc.co.uk/~/media/Files/N/Next-PLC-V2/documents/2019/half-year-end-July%2019-final.pdf (Accessed September 20, 2019). 8. "Barratt Developments Plc Reports Fiscal Year 2019 Results" https://www.barrattdevelopments.co.uk/~/media/Files/B/Barratt-Developments/press- release/2019/final-results-year-ended-30-june-2019.pdf (Accessed September 5, 2019). 9. "Delivery Hero Ag Reports Half Year 2019 Results" https://ir.deliveryhero.com/download/companies/delivery/Quarterly%20Reports/DE000A2E4K43-Q2- 2019-EQ-E-00.pdf (Accessed September 5, 2019). 10. "Kingfisher Plc Reports Half Year 2019 Results" https://www.kingfisher.com/content/dam/kingfisher/Corporate/Images/ Investors/2019_20_Half_Year_results_PART%201.pdf.downloadasset.pdf (Accessed September 19, 2019). 11. "Jd Sports Fashion Reports Half Year 2019 Results" https://www.jdplc.com/~/media/Files/J/Jd-Sports-Fashion-Plc/reports-and-presentations/interim-report- 2019.pdf (Accessed September 11, 2019). 12. "Opap SA Reports Half Year 2019 Results" https://investors.opap.gr/~/media/Files/O/Opap-IR/11092019/190911%20119%20Financial%20Results% 20Press%20Release_OPAP_en.pdf (Accessed September 13, 2019). 13. "Boohoo Group Reports Half Year 2019 Results" http://www.boohooplc.com/~/media/Files/B/Boohoo/press-release/interim-results-for-the-six-months-to- 31-august-2019.pdf?pdfdata=1 (Accessed September 30, 2019). 14. "Rocket Internet Reports Half Year 2019 Results" https://www.rocket-internet.com/sites/default/files/investors/2019_HY1_RISE_Interim%20FS_EN.pdf (Accessed September 30, 2019). 15. "Bovis Homes Reports Half Year 2019 Results" https://otp.tools.investis.com/clients/uk/bovis_homes/rns/regulatory-story.aspx?cid=1525&newsid=1327759 (Accessed September 11, 2019). 16. "Redrow Reports Fiscal Year 2019 Results" https://financialreports.redrowplc.co.uk/annualreport2019/financial-statements/consolidated-income-statement/ (Accessed September 6, 2019). 17. "Wetherspoon Reports Fiscal Year 2019 Results" https://d1i2hi5dlrpq5n.cloudfront.net/~/media/files/pdf-documents/investors/2019/annual-report- 2019.pdf?vs=1&d=20190913T060333Z (Accessed September 16, 2019). 18. "Dunelm Group Reports Fiscal Year 2019 Results" https://corporate.dunelm.com/media/2585/presentation-fy19-v23.pdf (Accessed September 5, 2019). 19. "Alimentation Couche-Tard Reports First-Quarter 2020 Results" https://corpo.couche-tard.com/wp-content/uploads/2019/09/2020-Q1-Press-Release- En.pdf (Accessed September 5, 2019). 20. "Wm Morrison Supermarkets Reports Half Year 2019 Results" https://www.morrisons-corporate.com/globalassets/corporatesite/2019-09-12---interims- announcement---final-combined.pdf (Accessed September 13, 2019). 21. "Empire Co Ltd Reports First Quarter Fiscal 2020 Results" https://www.empireco.ca/wp-content/uploads/2019/09/Empire_BODFinStatements_Q1F20- SEDAR.pdf (Accessed September 13, 2019). 22. "Pigeon Corp Reports Half Year 2019 Results" https://www.pigeon.com/ir/assets/pdf/20190902tanshin_e.pdf (Accessed September 3, 2019). 23. "Ito En Reports First-Quarter 2020 Results" https://www.itoen-global.com/ir/pdf/2020/fr/3207ae.pdf (Accessed September 3, 2019). 24. "Sugi Holdings Reports Half Year 2020 Results" http://www.drug-sugi.co.jp/hd/ir/ir_english/pdf/2nd_Quarter_Results_for_FY_Feb_2020.pdf (Accessed September 30, 2019). 25. "Cairn Energy Reports Half Year 2019 Results" https://ir.q4europe.com/Tools/newsArticleHTML.aspx? solutionID=3514&customerKey=cairnenergy&storyID=14438667&language=en (Accessed September 11, 2019). 26. "Energean Oil & Gas Plc Reports Half Year 2019 Results" https://ir.q4europe.com/Solutions/Energean/3784/newsArticle.aspx?storyid=14441725 (Accessed September 12, 2019). 27. "Partners Group Reports Half Year 2019 Results" http://e3.marco.ch/publish/partnersgroup/36_8107/20190910_Semi-annual_results_EN_final.pdf (Accessed September 11, 2019). 28. "EXOR SpA Reports Half Year 2019 Results" https://bit.ly/2nRtFkY (Accessed September 9, 2019). 29. "Wendel SA Reports Half Year 2019 Results" https://www.wendelgroup.com/sites/default/files/jun_2019_condensed_consolidated_statements_en.pdf (Accessed September 9, 2019). 30. "Close Brothers Reports Fiscal Year 2019 Results" https://www.closebrothers.com/system/files/press/CBG_2019_Preliminary_results_RNS.pdf (Accessed September 30, 2019). 31. "Ashmore Group Reports Fiscal Year 2019 Results" http://www.ashmoregroup.com/sites/default/files/reports/Ashmore%20FY2018-19%20analysts% 20presentation%20FINAL.pdf (Accessed September 6, 2019). 32. "Sanne Group Reports Half Year 2019 Results" https://www.sannegroup.com/media/2334/sanne_2019_hy_results.pdf (Accessed September 11, 2019).

Continued on back Quick Links (cont’d)

33. "Orpea Reports Half Year 2019 Results" https://www.orpea-corp.com/images/orpeafinance/pdf/Communiques/ENG/2019/ORPEA_Results_H1_2019- EN_273a1.pdf (Accessed September 30, 2019). 34. "Dechra Pharmaceuticals Reports Fiscal Year 2019 Results" https://otp.investis.com/clients/uk/dechra/rns/regulatory -story.aspx? cid=1758&newsid=1325715 (Accessed September 3, 2019). 35. "Biomerieux SA Reports Half Year 2019 Results" https://www.biomerieux-finance.com/sites/investord7/files/biomerieux_pr_financial_results_h1_2019.pdf (Accessed September 5, 2019). 36. "Genus Reports Fiscal Year 2019 Results" https://www.genusplc.com/media/1543/genus-preliminary-results-2019-rns.pdf (Accessed September 6, 2019). 37. "Abcam Plc Reports Fiscal Year 2019 Results" https://uploads.abcamplc.com/wp-content/uploads/2019/09/08213819/Abcam-plc-FY2019-Results.pdf (Accessed September 9, 2019). 38. "Safran Reports Half Year 2019 Results" https://www.safran-group.com/media/safran-reports-very-strong-performance-first-half-2019-fy-2019-outlook- substantially-upgraded-20190905 (Accessed September 5, 2019). 39. "IHS Markit Reports Third Quarter 2019 Results" https://investor.ihsmarkit.com/news-releases/news-release-details/ihs-markit-reports-third-quarter-2019- results (Accessed September 30, 2019). 40. "Thales SA Reports Half Year 2019 Results" https://www.thalesgroup.com/sites/default/files/database/document/2019-09/Consolidated%20financial% 20statements%20-%20at%2030%20June%202019.pdf (Accessed September 4, 2019). 41. "Ashtead Group Reports Half Year 2019 Results" http://www.ashtead-group.com/lib/docs/223628-q12020results-pressrelease.pdf (Accessed September 11, 2019). 42. "Melrose Industries Reports Half Year 2019 Results" https://www.melroseplc.net/media/2461/melrose-2019-half-year-results-announcement.pdf (Accessed September 6, 2019). 43. "Smiths Group Reports Fiscal Year 2019 Results" https://www.smiths.com/-/media/files/smiths-group-plc-annual-results-2019-press-release.pdf (Accessed September 20, 2019). 44. "Knorr-Bremse Reports Half Year 2019 Results" https://ir.knorr-bremse.com/download/companies/knorrbremse/Quarterly%20Reports/DE000KBX1006-Q2- 2019-EQ-E-00.pdf (Accessed September 13, 2019). 45. "Bollore Reports Half Year 2019 Results" https://www.bollore.com/bollo-content/uploads/2019/09/09-12-19-bollore-resultats-1s2019-v2_en.pdf (Accessed September 13, 2019). 46. "Dassault Aviation Reports Half Year 2019 Results" https://www.dassault-aviation.com/wp-content/blogs.dir/2/files/2019/09/Dassault-Aviation-Financial- Release-090419.pdf (Accessed September 5, 2019). 47. "NWS Holdings Reports Fiscal Year 2019 Results" https://www.nws.com.hk/pdf/en/20199241652111994.pdf (Accessed September 30, 2019). 48. "Dormakaba Holding Reports Fiscal Year 2019 Results" https://report.dormakaba.com/2018_19/ar-04_01-consolidated-income-statement/ (Accessed September 13, 2019). 49. "Stadler Rail AG Reports Half Year 2019 Results" https://www.stadlerrail.com/media/pdf/2019_0903_half-year%20report%202019_en.pdf (Accessed September 3, 2019). 50. "Mytilineos SA Reports Half Year 2019 Results" https://www.mytilineos.gr/Uploads/FINANCIALS/2019/ SEMI_ANNUAL_FINANCIAL_REPORT_FOR_30062019.pdf (Accessed September 13, 2019). 51. "Altran Technologies Reports Half Year 2019 Results" https://www.altran.com/as-content/uploads/sites/4/2019/09/h1-2019-cp-en-final.pdf (Accessed September 5, 2019). 52. "Alten Reports Half Year 2019 Results" https://www.alten.com/wp-content/uploads/2019/09/2019-half-year-financial-report.pdf (Accessed September 30, 2019). 53. "BlackBerry Reports Fiscal 2020 Second Quarter Results" https://www.blackberry.com/content/dam/blackberry-com/Documents/pdf/financial-reports/2020/ q2y2020/Q220-Press-Release.pdf (Accessed September 30, 2019). 54. "Descartes Systems Reports Second Quarter 2020 Results" https://www.descartes.com/news-events/financial-news/descartes-announces-second-quarter- fiscal-2020-financial-results (Accessed September 6, 2019). 55. "Oracle Corp Japan Reports First-Quarter 2020 Results" https://www.oracle.co.jp/corp/IR/doc/201909/FY20Q1_tanshin_Eng.pdf (Accessed September 30, 2019). 56. "Keywords Studios Plc Reports Half Year 2019 Results" https://irpages2.equitystory.com/websites/rns_news/English/1100/news-tool---rns---eqs-group.html? article=29585041&company=keywords (Accessed September 19, 2019). 57. "Sun Hung Kai Properties Reports Fiscal Year 2019 Results" https://www.shkp.com/Html/results_announcement/annual2019/ e_0016_2019_AnnualResults.pdf (Accessed September 13, 2019). 58. "New World Development Company Reports Year 2019 Results" https://cms.nwd.com.hk/downloadIR/931/E-NWD%20Announcement% 20English_FY19_0.pdf (Accessed September 30, 2019). 59. "Rubis SCA Reports Half Year 2019 Results" https://rubis.fr/media/2019/09/rfs_2019-en-web.pdf (Accessed September 12, 2019). 60. "BKW AG Reports Half Year 2019 Results" https://www.bkw.ch/fileadmin/user_upload/0_Kampagnen%20Landingpages/02_HJZ19/01%20Berichte% 20PDFs/BKW%20Halbjahresbericht_2019_en.pdf (Accessed September 3, 2019).