INVITATION BERENBERG Is Delighted to Invite You to Its
Total Page：16
File Type：pdf, Size：1020Kb
Load more
Recommended publications
-
Semi-Annual Report As at March 31St, 2016 Unideutschland XS Investment Company: Union Investment Privatfonds Gmbh
Semi-annual report as at March 31st, 2016 UniDeutschland XS Investment Company: Union Investment Privatfonds GmbH In case of discrepancy between the English and German version, the German version shall prevail. Contents Page Preface 3 UniDeutschland XS 6 Investment Company, Depositary, Distributors 12 and Paying Agents, Committees, Auditor 2 Preface Union Investment – devoted to your interests Dealing with the change in the markets The Union Investment Group manages assets of about EUR 265 A volatile capital market, changing regulatory requirements and billion, making it one of Germany's largest investment companies new customer demands are all challenges we are meeting for both private and institutional investors. It is a fund successfully. management expert within the cooperative finance association. About 4.1 million private and institutional investors have placed The six months under review began on an upward trend, after their trust in us as their partner for fund-based investments. concerns about growth in China in previous months levelled off and the Fed stated that it intended to continue with its planned Today, the idea behind the foundation of the group in 1956 is interest rate increases, although at a moderate pace. In more topical than ever: private investors should have the December 2015, the two large central banks, the ECB and the opportunity to benefit from economic developments – even with Fed eventually stayed true to their announcements, albeit in only small monthly savings contributions. The interests of these different directions. While the Europeans further eased their investors have always been our main concern and, together with monetary policy, the Fed decided to tighten its policy. -
3-Month 2015
3-Month Report 2015 2 Selected key figures 2015 2014 Jan. – March Jan. – March Change Net income (in 5 million) Sales 905.1 709.9 + 27.5% EBITDA 173.5 112.1 + 54.8% EBIT 119.1 89.7 + 32.8% EBT 112.3 86.2 + 30.3% EPS (in 1) 0.39 0.31 + 25.8% EPS before PPA amortization (in 1) 0.43 0.32 + 34.4% Balance sheet (in 5 million) Current assets 643.5 304.3 + 111.5% Non-current assets 2,956.7 976.7 + 202.7% Equity 1,230.6 369.3 + 233.2% Equity ratio 34.2 % 28.8 % Total assets 3,600.2 1,281.0 + 181.0% Cash flow (in 5 million) Operative cash flow 133.1 79.7 + 67.0% Cash flow from operating activities 369.6(1) 125.6 + 194.3% Cash flow from investing activities - 139.1 - 22.2 Free cash flow (1) 343.1(1) 115.9 + 196.0% Employees at the end of March (2) Total 7,902 6,747 + 17.1% thereof in Germany 6,379 5,128 + 24.4% thereof abroad 1,523 1,619 - 5.9% Share (in 5) Share price at the end of March (Xetra) 42.41 34.08 + 24.4% Customer contracts (in million) Access, total contracts 7.01 5.72 + 1.29 thereof Mobile Internet 2.78 2.09 + 0.69 thereof DSL complete (ULL) 3.95 3.27 + 0.68 thereof T-DSL / R-DSL 0.28 0.36 - 0.08 Business Applications, total contracts 5.82 5.73 + 0.09 thereof in Germany 2.40 2.38 + 0.02 thereof abroad 3.42 3.35 + 0.07 Consumer Applications, total accounts 34.47 33.84 + 0.63 thereof with Premium Mail subscription 1.83 1.86 - 0.03 thereof with Value-Added subscription 0.35 0.33 + 0.02 thereof free accounts 32.29 31.65 + 0.64 (1) Free cash flow is defined as net cash inflows from operating activities, less capital expenditures, plus payments from disposals of intangible assets and property, plant and equipment; cash flow from operating activities and free cash flow Q1/2015 including the capital gains tax refund of 1 326.0 million (2) The headcount statistics of United Internet AG were revised as of June 30, 2014 and now disclose only active employees. -
Corporate Non-Financial Reporting in Germany
Copyright © Development International e.V., 2019 ISBN: 978-3-9820398-1-7 Authors: Chris N. Bayer, PhD Gisella Vogel Sarah Kaltenhäuser Katherine Storrs Jiahua (Java) Xu, PhD Juan Ignacio Ibañez, LL.M. Title: A New Responsibility for Sustainability: Corporate Non-Financial Reporting in Germany Date published: May 6, 2019 Funded by: iPoint-systems gmbh www.ipoint-systems.com Executive Summary Germany's economy is the fourth-largest in the world (by nominal GDP), and with 28% of the euro area market, it represents the largest economy in Europe.1 Considering the supply chains leading to its economy, Germany's cumulative environmental, social and governance performance reverberates globally. The EU Non-Financial Reporting Directive (NFRD) is the impetus behind this study – a new regulation that seeks to “increase the relevance, consistency and comparability of information disclosed by certain large undertakings and groups across the Union.”2 Large undertakings in EU member states are not only required to report on their financial basics, now they are also required by Article 1 of the Directive to account for their non- financial footprint, including adverse impacts they have on the environment and supply chains. In accordance with the Directive, the German transposition stipulates that the non-financial declaration must state which reporting framework was used to create it (or explain why no framework was applied), as well as apply non-financial key performance indicators relevant to the particular business. These requirements are our point of departure: We systematically assess the degree of non-financial transparency and performance reporting for 2017 applying an ex-post assessment framework premised on the Global Reporting Initiative (GRI), the German Sustainability Code (Deutscher Nachhaltigkeitskodex, DNK) and the United Nations Global Compact (UNGC). -
INVITATION BERENBERG Is Delighted to Invite You to Its
INVITATION BERENBERG is delighted to invite you to its USA CONFERENCE 2021 on Tuesday, May 18th – Thursday, May 20th 2021 Virtual Conference Conference calls will be scheduled throughout the day. Our Events Team will be providing technical support and facilitating all calls. LIST OF ATTENDING COMPANIES (SUBJECT TO CHANGE) Aerospace & Defence and Automotives Capital Goods & Industrial Engineering Construction, Metals & Mining and Utilities BAE Systems plc Alfen NV Breedon Group plc CONTINENTAL AG Alstom SA CRH plc RHEINMETALL AG Aluflexpack AG RWE AG Rolls-Royce Holdings plc Ceres Power Holdings plc Travis Perkins plc Schaeffler AG Diploma plc Victoria plc Vitesco Technologies GmbH Exponent Inc. Volution Group plc FASTNED B.V. Wienerberger AG Jungheinrich AG Knorr-Bremse AG Business Services, Leisure and Transport Marel hf Consumer Accor SA McGrath RentCorp AB InBev Applus Services SA Rational AG ASOS Plc Basic-Fit Schindler Holding AG Boozt AB Befesa SA Stabilus S.A Carlsberg A/S Borussia Dortmund GmbH & Co. KGaA Trex Company, Inc. Chr. Hansen A/S Brenntag AG va-Q-tec AG Essity Compass Group PLC VARTA AG Fevertree Drinks plc CTS Eventim AG & Co KGaA XP Power Ltd FIELMANN AG Dalata Hotel Group plc Zebra Technologies Glanbia plc Deutsche Post AG Global Fashion Group Henkel AG & Co KGaA doValue SpA Chemicals Entain PLC home24 SE Air Liquide SA Fluidra S.A. JD Sports Plc Ambercycle Hapag-Lloyd AG J Sainsbury Akzo Nobel NV IMCD N.V. Kerry Group plc BASF SE JTC plc Marley Spoon Bayer AG National Express Nestlé SA Evonik Industries AG Rubis SCA Reckitt Benckiser Group plc Fuchs Petrolub SE RWS Holdings plc Shop Apotheke Europe NV Kemira Oyj SGS SA Westwing Group AG LANXESS AG SIXT SE Linde plc Solutions 30 SE Novozymes A/S LIST OF ATTENDING COMPANIES (SUBJECT TO CHANGE) Financials Healthcare Healthcare Barclays plc AbCellera Biologics Inc Novo Nordisk A/S Brewin Dolphin Holdings plc Align Technology, Inc. -
Euro Stoxx® Multi Premia Index
EURO STOXX® MULTI PREMIA INDEX Components1 Company Supersector Country Weight (%) SARTORIUS STEDIM BIOTECH Health Care France 1.59 IMCD Chemicals Netherlands 1.25 VOPAK Industrial Goods & Services Netherlands 1.15 BIOMERIEUX Health Care France 1.04 REMY COINTREAU Food, Beverage & Tobacco France 1.03 EURONEXT Financial Services France 1.00 HERMES INTERNATIONAL Consumer Products & Services France 0.94 SUEZ ENVIRONNEMENT Utilities France 0.94 BRENNTAG Chemicals Germany 0.93 ENAGAS Energy Spain 0.90 ILIAD Telecommunications France 0.89 DEUTSCHE POST Industrial Goods & Services Germany 0.88 FUCHS PETROLUB PREF Chemicals Germany 0.88 SEB Consumer Products & Services France 0.87 SIGNIFY Construction & Materials Netherlands 0.86 CARL ZEISS MEDITEC Health Care Germany 0.80 SOFINA Financial Services Belgium 0.80 EUROFINS SCIENTIFIC Health Care France 0.80 RATIONAL Industrial Goods & Services Germany 0.80 AALBERTS Industrial Goods & Services Netherlands 0.74 KINGSPAN GRP Construction & Materials Ireland 0.73 GERRESHEIMER Health Care Germany 0.72 GLANBIA Food, Beverage & Tobacco Ireland 0.71 PUBLICIS GRP Media France 0.70 UNITED INTERNET Technology Germany 0.70 L'OREAL Consumer Products & Services France 0.70 KPN Telecommunications Netherlands 0.68 SARTORIUS PREF. Health Care Germany 0.68 BMW Automobiles & Parts Germany 0.68 VISCOFAN Food, Beverage & Tobacco Spain 0.67 SAINT GOBAIN Construction & Materials France 0.67 CORBION Food, Beverage & Tobacco Netherlands 0.66 DAIMLER Automobiles & Parts Germany 0.66 PROSIEBENSAT.1 MEDIA Media Germany 0.65 -
DWS Equity Funds Semiannual Reports 2010/2011
DWS Investment GmbH DWS Equity Funds Semiannual Reports 2010/2011 ■ DWS Deutschland ■ DWS Investa ■ DWS Aktien Strategie Deutschland ■ DWS European Opportunities ■ DWS Intervest ■ DWS Akkumula : The DWS/DB Group is the largest German mutual fund company according to assets under management. Source: BVI. As of: March 31, 2011. 4/2011 DWS Deutschland DWS Investa DWS Aktien Strategie Deutschland DWS European Opportunities DWS Intervest DWS Akkumula Contents Semiannual reports 2010/2011 for the period from October 1, 2010, through March 31, 2011 (in accordance with article 44 (2) of the German Investment Act (InvG)) TOP 50 Europa 00 General information 2 Semiannual reports 2010 DWS Deutschland 4 DWS Investa 10 2011 DWS Aktien Strategie Deutschland 16 DWS European Opportunities 22 DWS Intervest 28 DWS Akkumula 36 1 General information Performance ing benchmarks – if available – are also b) any taxes that may arise in connec- The investment return, or performance, presented in the report. All financial tion with administrative and custodial of a mutual fund investment is meas - data in this publication is as of costs; ured by the change in value of the March 31, 2011. c) the costs of asserting and enforcing fund’s units. The net asset values per the legal claims of the investment unit (= redemption prices) with the addi- Sales prospectuses fund. tion of intervening distributions, which The sole binding basis for a purchase are, for example, reinvested free of are the current versions of the simpli- The details of the fee structure are set charge within the scope of investment fied and the detailed sales prospec - forth in the current detailed sales accounts at DWS, are used as the basis tuses, which are available from DWS, prospectus. -
German Industrials Spotlight
German industrials spotlight 6 March 2013 Synchronicity . Potential for synchronised growth in exports and domestic demand. Analysts . Introducing two Edison stock screens based on Value and Momentum. Graeme Kyle +44 (0)20 3077 5700 Roger Johnston +44 (0)20 3077 5722 . We highlight four new investment ideas. [email protected] Export-led growth Over the past three years the weaker euro has boosted exports for the German MDAX Industrials Index industrials sector. If exports continue to prosper and industrial production (IP) growth cyclically recovers then we could see a ‘demand nirvana’ in the sector akin 20% to conditions in 2010. The Ifo business confidence indicator, which rose sharply in 0% February, lends credibility to this synopsis. Using our proprietary value and -20% momentum screens, we highlight four companies we recently met that screen well -40% and could potentially re-rate: Koenig & Bauer, Deufol, Homag Group and R Stahl. % change -60% Koenig & Bauer: 1.9x EV/EBITDA and 0.6x P/book -80% Koenig & Bauer’s core business is printing presses. For years management has Oct/12 Apr/09 Jun/10 Jan/11 Mar/12 Feb/08 Nov/09 Sep/08 Aug/11 battled the substitution effect of traditional printed media for online publications. The MSCI German Industrials Index… company has regularly disappointed investors, generating razor-thin operating MSCI Germany performance margins with miniscule returns on capital. Trading at very low multiples with a free float of 83% the stock can re-rate as management diversify into growth segments German Ifo business via acquisition. 115 Deufol: 5.6x EV/EBITDA and 0.4x P/book 110 105 Deufol produces packaging for a variety of consumer and industrial products. -
Presentation of the Second Quarter of 2017 21 July 2017 Agenda
PRESENTATION OF THE SECOND QUARTER OF 2017 21 JULY 2017 AGENDA A Operating Companies’ Performance TODAY’S PRESENTERS B Investment Management Activities Joakim Andersson Acting CEO, Chief Financial Officer C Kinnevik’s Financial Position Chris Bischoff Senior Investment Director D Summary Considerations Torun Litzén Director Corporate Communication Q2 2017 HIGHLIGHTS: HIGH INVESTMENT MANAGEMENT ACTIVITY AND NEW KINNEVIK CEO APPOINTED OPERATING COMPANIES’ PERFORMANCE . E-Commerce: New customer offerings and scale benefits supported continued growth and profitability improvements . Communication: Continued mobile data adoption drove revenue and customer growth . Entertainment: The shift in consumer video consumption towards on demand and online entertainment products continued and drove growth . Financial Services: Product development and new partnerships supported strong customer growth . Healthcare: Strong user growth driven by strategic partnerships, and further investments made to improve the customer proposition INVESTMENT MANAGEMENT ACTIVITIES . Total investments of SEK 3.9bn in the second quarter, whereof SEK 3.7bn for a 18.5% stake in Com Hem . Total divestments of SEK 3.1bn, whereof: . SEK 2.1bn (EUR 217m) from the sale of Kinnevik’s remaining shareholding in Rocket Internet . SEK 1.0bn (USD 115m) from the sale of Kinnevik’s remaining shareholding in Lazada . On 21 July, Kinnevik announced an investment of USD 65m in Betterment, increasing the ownership to 16% FINANCIAL POSITION . Net Asset Value of SEK 81.9bn (SEK 298 per share), up SEK 2.4bn or 3% during the quarter led by a SEK 1.9bn increase from Zalando and a SEK 1.2bn increase from Tele2 including dividend received. Adding back dividend paid of SEK 2.2bn, the value increase was 6% during the quarter . -
Können Sie Die Übersicht Der Platzierungen in 16
Die meistbewunderten Unternehmen Die besten ihrer Branche e t n n le e a t nd g s s e t n t h un t e a * r r ä uk uc g h zu bi t d n ei i e t ü w k W u o f d f B h r g nd t s a c uc s n r s/ oli n i u P r k u t tlich r r s -M n S le t f Na a e e e e t r t nd r a e ns , men me s o s t h h ei i t d t d t d nn t m ch w e iell tio en ä ä ä h s ne ne k z a a t t t mt wi r r ic nt n g li li li e s g i.d. Gesamtplatzierung a ell i e e Di s a ov a a a s s t t g f n r e na n e e n n u a e i äh nd u Qu R U G G U F Qu u G V Qu A In F z AUTO BMW Porsche Toyota Daimler Hyundai Audi Honda Nissan Ford Opel Volkswagen AUTOZULIEFERER Robert Bosch Brose Kostal-Gruppe Festo Dräxlmaier-Gruppe Webasto Eberspächer Continental Dürr Hella Mahle Schaeffler SAF Holland ENERGIE Enercon SMA Solar Technology Enbw Innogy Exxon-Mobil Eon RWE Royal Dutch Shell FINANZEN Paypal Allianz Visa Mastercard American Express JP Morgan Munic Re Banco Santander Deutsche Börse Sparkassen Goldman Sachs DZ Bank Hannover Rück DWS Group Wirecard Wüstenrot & Württembergische Commerzbank Ergo Hypo-Vereinsbank Deutsche Bank GRUNDSTOFFE BASF Lanxess KWS Saat Fuchs Petrolub Linde K & S Covestro Evonik Industries Bayer Remondis Salzgitter Wacker Chemie HANDEL DM Dirk Rossmann Würth Ikea Otto Group BayWa Müller (Drogerie) Hornbach Klöckner Bauhaus Brenntag C & A Zara H&M Metro Wholesale & Food Specialist Deutsche EuroShop IMMOBILIEN & BAUWIRTSCHAFT Knauf-Gruppe Heidelberg Cement Goldbeck Aroundtown Alstria Office Reit Corestate Capital Adler Real Estate Hochtief Patrizia Immobilien DIC Asset -
2021 Quarterly Report (Unaudited)
APRIL 30, 2021 2021 Quarterly Report (Unaudited) BlackRock Funds II BlackRock Multi-Asset Income Portfolio Not FDIC Insured - May Lose Value - No Bank Guarantee Schedule of Investments (unaudited) BlackRock Multi-Asset Income Portfolio (Percentages shown are based on Net Assets) April 30, 2021 Par (000) Par (000) Security Par (000) Value Security Par (000) Value Asset-Backed Securities — 6.9% Asset-Backed Securities (continued) Accredited Mortgage Loan Trust, Series 2004-4, Series 2020-SFR1, Class F, 3.57%, Class M2, (LIBOR USD 1 Month + 1.58%), 04/17/37 ..................... USD 19,850 $ 20,201,395 1.68%, 01/25/35(a) ................. USD 1,126 $ 1,115,000 Series 2020-SFR1, Class G, 4.31%, AGL CLO 3 Ltd., Series 2020-3A, Class C, 04/17/37 ..................... 7,500 7,624,247 (LIBOR USD 3 Month + 2.15%), 2.33%, Anchorage Capital CLO 3-R Ltd.(a)(b): 01/15/33(a)(b) ..................... 2,000 2,001,417 Series 2014-3RA, Class B, (LIBOR USD 3 AGL Core CLO 5 Ltd., Series 2020-5A, Class Month + 1.50%), 1.68%, 01/28/31 .... 3,400 3,351,635 B, (LIBOR USD 3 Month + 2.78%), 2.97%, Series 2014-3RA, Class C, (LIBOR USD 3 07/20/30(a)(b) ..................... 3,000 3,007,297 Month + 1.85%), 2.03%, 01/28/31 .... 1,250 1,245,314 AIG CLO Ltd.(a)(b): Anchorage Capital CLO 4-R Ltd.(a)(b): Series 2018-1A, Class CR, (LIBOR USD 3 Series 2014-4RA, Class C, (LIBOR USD 3 Month + 2.05%), 2.22%, 04/20/32 ... -
FACTSHEET - AS of 28-Sep-2021 Solactive Mittelstand & Midcap Deutschland Index (TRN)
FACTSHEET - AS OF 28-Sep-2021 Solactive Mittelstand & MidCap Deutschland Index (TRN) DESCRIPTION The Index reflects the net total return performance of 70 medium/smaller capitalisation companies incorporated in Germany. Weights are based on free float market capitalisation and are increased if significant holdings in a company can be attributed to currentmgmtor company founders. HISTORICAL PERFORMANCE 350 300 250 200 150 100 50 Jan-2010 Jan-2012 Jan-2014 Jan-2016 Jan-2018 Jan-2020 Jan-2022 Solactive Mittelstand & MidCap Deutschland Index (TRN) CHARACTERISTICS ISIN / WKN DE000SLA1MN9 / SLA1MN Base Value / Base Date 100 Points / 19.09.2008 Bloomberg / Reuters MTTLSTRN Index / .MTTLSTRN Last Price 342.52 Index Calculator Solactive AG Dividends Included (Performance Index) Index Type Equity Calculation 08:00am to 06:00pm (CET), every 15 seconds Index Currency EUR History Available daily back to 19.09.2008 Index Members 70 FACTSHEET - AS OF 28-Sep-2021 Solactive Mittelstand & MidCap Deutschland Index (TRN) STATISTICS 30D 90D 180D 360D YTD Since Inception Performance -3.69% 3.12% 7.26% 27.72% 12.73% 242.52% Performance (p.a.) - - - - - 9.91% Volatility (p.a.) 13.05% 12.12% 12.48% 13.60% 12.90% 21.43% High 357.49 357.49 357.49 357.49 357.49 357.49 Low 342.52 329.86 315.93 251.01 305.77 52.12 Sharpe Ratio -2.77 1.14 1.27 2.11 1.40 0.49 Max. Drawdown -4.19% -4.19% -4.19% -9.62% -5.56% -47.88% VaR 95 \ 99 -21.5% \ -35.8% -34.5% \ -64.0% CVaR 95 \ 99 -31.5% \ -46.8% -53.5% \ -89.0% COMPOSITION BY CURRENCIES COMPOSITION BY COUNTRIES EUR 100.0% DE -
Sustainability Report 2020, United Internet
Sustainability Report 2020 2 KEY FIGURES Details on the key economic, social, and environmental figures given below can be found in the individual sections of this report. Key Figures 2018 2019 2020 FINANCIAL BUSINESS KPIs Revenue (in €m) 5,102.9 5,194.1 5,366.2 EBITDA (in €m)(1) 1,201.3 1,244.2 1,177.6 Earnings per share (EPS) (in €)(1) 1.96 1.88 1.76 Free cash flow (in €m) 254.6 496.0 376.6 RESPONSIBLE CORPORATE MANAGEMENT Number of confirmed incidents of corruption 0 0 0 Participation rate for Code of Conduct e-learning course (in %) 92.35 92.50 92.29 CUSTOMER-RELATED MATTERS/PRODUCT RESPONSIBILITY Number of customer contracts – Consumer Access (in millions) 13.54 14.33 14.83 Number of fee-based accounts – Consumer Applications (in millions) 2.25 2.26 2.37 Number of free accounts – Consumer Applications (in millions) 37.00 37.59 39.40 Number of customer contracts – Business Applications (in millions) 8.06 8.15 8.45 Length of fiber-optic network (in km) approx. 47,000 approx. 48,500 approx. 50,900 Number of shipments by 1&1 Logistics (in million units) 5.40 6.90 6.03 CORPORATE DIGITAL RESPONSIBILITY Number of reports of data privacy violations under the GDPR 49 86 39 German internet users using GMX/WEB.DE as weekly news source (in %) - 13 / 12 12 / 12 UNITED INTERNET AS AN EMPLOYER Number of employees 9,093 9,374 9,638 Staff turnover rate (in %) 8.9 8.96 6.70 Management positions filled internally (in %) 65 70.19 73.65 Women in management positions (in %) 14 16 17 Hours training and education per employee 9.9 11.91 9.46 Absence due to