Purpose & Patience

Total Page:16

File Type:pdf, Size:1020Kb

Purpose & Patience PURPOSE & PATIENCE We aspire to be the preferred partner of entrepreneurs and families who lead growing companies by backing them with patient capital and supportive advice — Q1 2020 Edition — OUR MISSION Our goal at Sofina is to create economic value with a human approach We believe that the entrepreneurial spirit that characterises many family businesses and growth companies is a source of progress. By supporting these entrepreneurs and innovators, we intend to contribute to global growth, development and innovation. We believe entrepreneurs become successful by being competitive in a globalised market Our mission is to provide patient capital, expertise and advice to growing companies led by entrepreneurs and families. We aspire to be their preferred partner, and have a long-term horizon that few other investors can match. Our heritage and culture are what make us unique We put human relationships at the heart of what we do. All our investments are stories of shared values, friendships and ambitious projects with talented entrepreneurs and their management teams. By continuously working in this way, we aspire to become the preferred investment partner of those sharing our beliefs and vision. 2 SOFINA - PURPOSE & PATIENCE OUR MISSION 3 KEY FIGURES Highlights EUR 7.63 BN GLOBAL SHAREHOLDERS’ EQUITY REACH A FAMILY RUN 3 US EUROPE ASIA AND CONTROLLED COMPLEMENTARY Change over the last 20 INVESTMENT COMPANY INVESTMENT years (2) STYLES 8.00 7.00 6.00 5.00 FOUR FOCUS 4.00 SECTORS Long-term minority 3.00 investments 2.00 1.00 43% OF SHAREHOLDERS’ EQUITY (1) Offices in Brussels, 0 Luxembourg and Singapore Consumer and Retail 1999 2019 Sofina Private Funds – Investments in venture and growth capital funds Digital Transformation 31% OF SHAREHOLDERS’ EQUITY (1) Roots going back 26 Sofina Growth – Investments in Education investment fast-growing businesses professionals 120+ YEARS across our 20% OF SHAREHOLDERS’ EQUITY (1) 3 offices Healthcare (1) Considering the portfolio in transparency. (2) Since 1 January 2018, Sofina has adopted the status of investment entity in accordance with IFRS 10. Figures relating to the financial years 2016 and 2017 have been restated in accordance with IAS 28, §18 to ensure that the shareholders’ equity can be compared to that of following years. Accounting data are established in accordance with IFRS since 31 December 2004. Shareholders’ equity for the financial years prior to 2004 correspond to the estimated value of the assets. 4 SOFINA - PURPOSE & PATIENCE HIGHLIGHTS 5 MILESTONES 1898 - 2019 Founded more than 120 years ago as an engineering conglomerate, Sofina is now a listed investment company with equity holdings in Europe, the United States and Asia, across many sectors with a particular focus on Consumer and Retail, Digital Transformation, Our history Education and Healthcare. 2016 2014 First direct investment in the Fifth anniversary of the 2015 2017 United States through a share- 2019 ‘Platform for Education and The Singapore office 2018 More than half holding in Mérieux Shareholders’ equity Talent’, Sofina’s Philanthropic opens and Sofina Growth Exit from Flipkart of Sofina’s portfolio NutriSciences exceeding EUR 7bn project is reinforced, mainly is invested in India, China Sir David Verey CBE outside Europe The investment team and the United States becomes Chair counts 20 professionals 2011 2005 2007 2009 Strategic move towards 2012 Partnership with the growth and more 2013 First investments Investment First investment Forestier family for the international exposure Investment in Flipkart in venture and growth in bioMérieux in e-commerce delisting of Groupe capital funds in India Count Goblet d’Alviella is Petit Forestier appointed Executive Chair 1988 Yves Boël is appointed Chair 1998 and Count Goblet d’Alviella co- 1987 1978 1975 1965-70 Managing Director First investments Investment Investment in Danone Investment in Colruyt Sofina becomes an in venture and growth in SES Reinforcement of the family investment company shareholders following the capital funds acquisition of Société Générale in the United States de Belgique’s stake 1898 1956 Foundation of Sofina 1910 Yves Boël is appointed as (‘Société Financière de First1910 investment 1938 1950s Sofina’s Managing Director Transport et d’Entreprises in a Private Initial Public Offering The Luxembourg First investment by current Since 1956, Sofina Industrielles’), an engineering Equity fund in India office opens family shareholders has increased its annual conglomerate, active in the dividend per share without energy and interruption transportation sectors 6 SOFINA - PURPOSE & PATIENCE OUR HISTORY 7 STRATEGY Our strategy Our strategy could be looked at like a multi-dimensional network : by investment style, by region and by sector LONG-TERM SOFINA PRIVATE FUNDS SOFINA GROWTH – MINORITY – INVESTMENTS INVESTMENTS IN INVESTMENTS IN VENTURE AND FAST-GROWING GROWTH CAPITAL BUSINESSES FUNDS CONSUMER AND RETAIL EUROPE “Our strategy is simple. Wherever strong relationships can be created with like-minded HEALTHCARE ASIA partners as interested as we are by what makes companies grow, we will be present.” HAROLD BOËL CHIEF EXECUTIVE OFFICER DIGITAL TRANSFORMATION US EDUCATION SIGNATORY OF THE UNPRI 8 SOFINA - PURPOSE & PATIENCE OUR STRATEGY 9 OUR APPROACH What makes us unique WE UNDERSTAND FAMILY AND WE ONLY WE PROVIDE EXPERTISE IN OUR CORE SECTORS ENTREPRENEURIAL OUR TAKE DYNAMICS AND WORK THROUGH INVESTMENTS MINORITY FOR SUCCESSIVE GUIDANCE, HAVE A GLOBAL WE TAKE A OWNERSHIP GENERATIONS MARKET KNOWLEDGE FOOTPRINT LONG-TERM VIEW POSITIONS AND GLOBAL NETWORK AND INVEST OUR EQUITY ONLY WE ARE A PARTNER WE DO OUR THROUGH CYCLES, WE BACK ENTREPRENEURIAL AND BEST TO BE GROWING COMPANIES IN GOOD AND BAD WE ARE PRAGMATIC TIMES A RESPONSIBLE FROM START-UPS TO MATURE AND SOLUTION- INVESTOR. WE CARE FOR COMPANIES OUR COMMUNITES, OUR ORIENTED PEOPLE AND THE PLANET THROUGH OUR THREE INVESTMENT STYLES WE ARE AGILE AND HAVE A FAST WE OFFER DECADES DECISION- OF CUMULATED COMMON VISION EXPERIENCE AND MAKING THROUGH THE THREE INVESTMENT EXPERTISE IN A WIDE AND ALIGNMENT PROCESS STYLES, WE BRING OUR PARTNERS AN RANGE OF BOARD OF INTERESTS GUIDE ALL OUR INTERNATIONAL NETWORK OF DECISIONS SITUATIONS KEY DECISION-MAKERS 10 SOFINA - PURPOSE & PATIENCE WHAT MAKES US UNIQUE 11 TESTIMONIALS What our partners say... Given Sofina’s own focus on The Sofina team has a simple, Sofina is a fantastic partner for Drylock has been growing at an providing patient capital to collaborative approach with Graphcore. We are working incredible fast pace over the last entrepreneurs, we have been sharp industry focus and insight hard to build a large technology seven years. At a certain moment fortunate to build a long term and builds true partnership with business based in Europe with in time you come to a point and mutually beneficial local managers and global reach and Sofina’s strategy where you have to attract a partnership. entrepreneurs. is perfectly aligned. We highly good, stable partner with a long value their long term focus and term growth mindset. Sofina is BILL FORD, FENG GE, MANAGING PARTNER CEO OF GENERAL ATLANTIC OF TRUSTBRIDGE PARTNERS AND CEO OF strong support for our mission perfect for that. We had been in CAREBRIDGE HOLDINGS to build a new type of processor contact for several years and the that will let innovators in AI relations has therefore grown achieve the next breakthroughs. systematically. I was very happy Sofina is a supportive and to welcome them on board. NIGEL TOON, constructive long term partner. Sofina has been a very strong CO-FOUNDER & CEO OF GRAPHCORE Together we will further roll out They understand our business partner and has supported our ambitious growth plans well, and have contributed in us in our exponential growth. based on our technological and implementing our international Working closely with Sofina patented product portfolio. The background, culture, buy and build strategy, has further enriched our thoughtfulness and experience BART VAN MALDEREN, particularly in Latin America and understanding on how we of Sofina made them a highly CEO DRYLOCK TECHNOLOGIES in Asia. can innovate and optimize our desirable, excellent investor for us. offerings for every user of the […] They take the long-term view and OLIVIER GINON, FOUNDER AND CEO OF GL EVENTS app. We are happy that the team have the rare ability to guide us at Sofina shares our vision of strategically, but also act as a “critical revolutionizing education and is friend” operationally. We couldn’t be there to guide us. happier with Sofina, and look forward to the years ahead, as we strive to BYJU RAVEENDRAN, create a genuine world leader in FOUNDER AND CEO OF BYJU’S education. CHRIS JANSEN, GROUP CHIEF EXECUTIVE OFFICER OF COGNITA 12 SOFINA - PURPOSE & PATIENCE WHAT OUR PARTNERS SAY... 13 OUR THREE INVESTMENT STYLES (1/3) 43 % Investment size Minority stakes of shareholders’ between EUR 75MIO in privately owned and (1) listed companies equity and EUR 300MIO Mainly European-based In partnership with Patient capital companies with a global entrepreneurs and Long-term reference exposure families shareholder Why? How? For more than 60 years, Sofina has partne- Our long-term minority investment portfolio red with entrepreneurs, families and mana- consists mainly of European-based compa- Long-term gement teams to support them over their nies having a global exposure in which we long-term growth and create sustainable generally invest between EUR 75 and 300 minority value. million for a minority stake. We are active and constructive members of the company’s To our portfolio companies we bring our investments board and are involved in the development long-term view, strategic and sector expe- of strategic initiatives. Our large capital base rience, financial expertise, as well as our glo- affords us patience and the ability to sup- bal network. port growth through capital expenditures or acquisitions. Our approach is flexible and besides growth initiatives, we are also able to provide liqui- dity to existing shareholders or support other like-minded and aligned partners in sponsor-less buy outs.
Recommended publications
  • Review of Annual Reports 2010 of Euronext Brussels Listed Companies 2 Grant Thornton Corporate Governance Review
    Corporate Governance Review Review of Annual Reports 2010 of Euronext Brussels listed companies 2 Grant Thornton Corporate Governance Review Contents Contents 3 Foreword 5 Executive summary 7 PART I - Legally binding provisions 11 1. Corporate Governance Statement 12 2. Remuneration committee 17 3. Remuneration report 19 4. Audit committee – Legal requirements 22 PART II - Results corporate governance code 25 5. Board of directors 26 6. Independence 28 7. Nomination committee 30 8. Audit committee – Code requirements 32 Appendix A - Survey methodology 37 Appendix B - List of companies 39 3 4 Grant Thornton Corporate Governance Review Foreword We are pleased to present the Another key factor in the corporate governance debate is the interest of the European Commission second annual publication in Grant and the impact this will have on corporate governance Thornton’s series of reviews of the legislation. The European Commission released a corporate governance disclosures consultation paper on an EU corporate governance of Belgian companies quoted on framework and is seeking submissions from interested parties. We may, therefore, see a single EU-wide the Euronext stock exchange. The corporate governance framework in the not so distant review examines the extent to which future. companies comply with regulatory Corporate governance is fundamentally about requirements. ensuring that key stakeholders, including the public, can have confidence in how business is conducted and This year’s report arrives at a time of turmoil for results are disclosed by public interest entities such Belgian listed companies. While the Belgian banking as listed companies, financial institutions and public sector was struggling for survival and stock markets sector organisations.
    [Show full text]
  • Elia Group Full Year 2020 Results
    Elia Group Full Year 2020 Results Wednesday, 3rd March 2021 Transcript produced by Global Lingo London – 020 7870 7100 www.global-lingo.com Elia Group Full Year 2020 Results Wednesday, 3rd March 2021 Elia Group Full Year 2020 Results Marleen Vanhecke: Good morning, ladies and gentlemen. Thank you for participating in our livestreamed event, which is being broadcast from a corona-proof studio in Brussels. It would have been nicer to meet you in person, of course, but the lockdown measures have forced us to present our full year results in another format. The setup is different, but we will keep you just as informed as we normally would. What hasn't changed are today's speakers. Elia Group is represented by Catherine Vandenborre, CFO, and by Chris Peeters, CEO, both in good health, as you can see. Today's programme is as follows. First, we will give you an overview of the headlines from 2020. We will talk with Chris Peeters about the acceleration of the energy transition and how Elia Group is managing it. Catherine Vandenborre will then present the financial results. And finally, we will present our conclusion and an outlook on the years to come. Before we start, I would like to present a disclaimer for today's presentation as mentioned on the title page. You must read the disclaimer before we can continue. I suppose you have all done it by now. Am I right? So let's immediately go to the first question for Chris. Marleen Vanhecke: Chris, looking back at 2020, it's impossible to avoid the corona crisis, of course.
    [Show full text]
  • 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
    [Show full text]
  • Colruyt Group Increases Stake in Holding That Includes Fashion Retailer ZEB
    PRESS RELEASE - Halle (Belgium) – 3 September 2020 (17h45 CET) Colruyt Group increases stake in holding that includes fashion retailer ZEB On 3 September 2020 Colruyt Group increased its stake in Fraluc Group from 68% to over 96%. Fraluc is the holding that includes the fashion retail chains ZEB, PointCarré, The Fashion Store and ZEB For Stars. The management teams of the respective companies remain unchanged. On 21 June 2014 Colruyt Group acquired a 50% stake in the Belgian fashion retailer ZEB through the company Fraluc NV. As part of the agreement, the management agreed to grant put and call options, enabling Colruyt Group to gain control over ZEB via Fraluc NV. In the meantime, ZEB has continued to develop within the Fraluc Group, which also comprises PointCarré, The Fashion Store and ZEB For Stars. At the end of the financial year 2019/20, Colruyt Group held 68% of the Fraluc Group shares. On 3 September 2020, Colruyt Group and Fraluc Group's management entered into an agreement to increase Colruyt Group's stake in Fraluc Group to over 96%. The management remains on board in its current composition. The parties agreed not to disclose any details on the terms of the transaction. The transaction is subject to approval by the Belgian Competition Authority (BCA), which is expected to be obtained in the coming weeks. Following approval by the BCA, the stake held in Fraluc Group will be fully consolidated as a subsidiary of Colruyt Group and no longer be accounted for as a joint venture using the equity method. Contacts For questions on this press release or for further information, please contact us as follows: Journalists: Silja Decock (Press Officer) Tel.
    [Show full text]
  • Ets Fr. COLRUYT SA Limited Liability Company Edingensesteenweg 196 – 1500 Halle Company Number: 0400.378.485
    PRESS RELEASE - Halle (Belgium), 18/12/2015 - Regulated information – Declaration of transparency Ets Fr. COLRUYT SA Limited Liability Company Edingensesteenweg 196 – 1500 Halle Company number: 0400.378.485 Structure of the shareholdership of the Ets Fr. Colruyt S.A. according to the latest transparency notifications of 17/12/2015 In the framework of the law of 2 May 2007 and the Royal decree of 14 February 2008 (publication of the important participations in the companies listed on the stock exchange) we received an updated notification of the participation of the Colruyt family, Sofina Group and Colruyt Group on 17/12/2015. On 13 July 2015 D.I.M. NV, H.I.M. NV, H.I.M. Drie NV, D.H.A.M. NV and KORYS NV were merged. As a result, all Colruyt shares held by these companies are now owned by KORYS NV and KORYS NV has crossed the 45% threshold . 7.500.000 treasury shares were cancelled on 17/12/2015. Hence, the 'Colruyt treasury shares purchased' rate was updated and the number of treasury shares purchased by Colruyt Group has dropped below the 5% threshold. The new denominator of 149.609.386 shares takes into account the cancellation of 7.500.000 treasury shares and the capital increase reserved for employees, for which 472.883 new shares were issued on 17/12/2015. The company has no knowledge of other agreements between shareholders. The legal thresholds per 5% portion apply.. I. Colruyt family and relatives Number % 1. Stichting Administratiekantoor Cozin 0 0,00 2. Colruyt family 9.127.879 6,10 3.
    [Show full text]
  • Etn. Fr. COLRUYT NV Publication of a Transparency
    PRESS RELEASE – Halle (Belgium), 18/02/2019, 17h45 CET – Regulated information - Transparency notification Etn. Fr. COLRUYT NV Limited liability company Edingensesteenweg 196 – 1500 Halle Enterprise number: 0400.378.485 Publication of a transparency notification (Article 14, first paragraph, of the Law of 2 May 2007 on disclosure of major holdings) Summary of the notification Pursuant to article 14 of the Law of 2 May 2007 on disclosure of major holdings, the Colruyt family and relatives, Colruyt Group and Sofina Group have submitted a notification to the FSMA. This transparency notification dated 15 February 2019 reports the completion of a sale of shares between reference shareholders acting in concert. By virtue of this sale of shares Sofina NV has crossed the threshold of 5% downwards. The shareholders acting in concert Colruyt family and relatives, Colruyt Group and Sofina Group hold a total of 90.955.630 Colruyt shares as per 15 February 2019 and thus jointly represent 63,36% of the total number of shares issued by the company (143.552.090). The company has no knowledge of other agreements between shareholders. The statutory thresholds per bracket of 5% apply. Content of the notification The notification dated 15/02/2019 contains the following information: Reason for the notification: downward crossing of the threshold by persons of the shareholders acting in concert Colruyt family and relatives, Colruyt Group and Sofina Group Notification by: persons acting in concert Person(s) subject to the notification requirement: Stichting Administratiekantoor Cozin, Claude Debussylaan 24, 1085 MD Amsterdam Korys NV, Villalaan 96 – 1500 Halle Korys Business Services I NV, Villalaan 96 – 1500 Halle Korys Business Services II NV, Villalaan 96 – 1500 Halle Korys Business Services III NV, Villalaan 96 – 1500 Halle Korys Investments NV, Villalaan 96 – 1500 Halle Impact Capital NV, Gemeentehuisstraat 6, 3078 Everberg Stiftung Pro Creatura, Oberer Flooz 2579, CH 9620 Lichtensteig Etn.
    [Show full text]
  • 85 % Des Entreprises Du Bel20 Vont Verser Des Dividendes
    85 % DES ENTREPRISES DU BEL20 VONT VERSER DES DIVIDENDES « LES MARGES SONT LÀ POUR AUGMENTER LES SALAIRES » L’écrasante majorité des entreprises du Bel20 s’apprête à distribuer de juteux dividendes à leurs actionnaires en 2021. Au total, il s’agit d’un montant d’un peu plus de 5 milliards d’euros, selon les chiffres communiqués par les entreprises elles- mêmes. Le service d’étude du PTB a calculé qu’une augmentation salariale de 5 % dans ces entreprises coûterait 1,2 milliard d’euros (voir tableau 1). Soit seulement 25 % des dividendes annoncés. « Cela confirme que dans toute une série de grandes entreprises, il y a de la marge pour augmenter davantage les salaires, constate Raoul Hedebouw, porte-parole du PTB. C’est pourquoi nous exigeons que la loi de 1996 soit modifiée que la norme salariale soit rendue indicative, afin que les travailleurs aient la liberté de négocier de vraies augmentations. » 17 ENTREPRISES DU BEL20 DISTRIBUENT DE GÉNÉREUX DIVIDENDES Selon leurs propres rapports et annonces, la grande majorité des entreprises du Bel20 réalisera des bénéfices et distribuera des dividendes encore cette année. Sur les 19 entreprises qui ont déjà communiqué à ce sujet, 17 annoncent qu’elles verseront des dividendes allant de 34 millions à 1 milliard d’euros. En d’autres mots, au moins 85 % des entreprises du Bel20 verseront des dividendes. Dividende (par Dividende action) proposé (montant total) Nombre d'actions Société du Bel 20 sur base du proposé sur base bénéfice 2020 du bénéfice 2020 AB InBev 0,50 € 1.998.000.000 999.000.000 € Ackermans & van Haaren 2,53 € 33.500.000 84.755.000 € Ageas 2,65 € 198.370.000 525.680.500 € Aperam 1,75 € 83.700.000 146.475.000 € Argen-X 0,00 € 42.760.000 0 € Barco 0,378 € 88.270.000 33.366.060 € Cofinimmo 6,00 € 25.850.000 155.100.000 € Colruyt Group 1,35 € 138.430.000 186.880.500 € Galapagos 0,00 € 64.670.000 0 € GBL 3,03 € 161.360.000 488.920.800 € ING 0,12 € 3.896.730.000 467.607.600 € KBC 0,44 € 416.390.000 183.211.600 € Ontex n.d.
    [Show full text]
  • Rapport Annuel • 2011-2012 • Colruyt Group
    Rapport annuel • 2011-2012 • Colruyt Group Créer ensemble une valeur ajoutée durable fondée sur nos valeurs et notre savoir-faire dans la distribution WorldReginfo - 62bc7365-1652-46ba-a580-a3ed55c9c1b3 Risques inhérents aux prévisions Les déclarations formulées par Colruyt Group dans le présent communiqué de presse, de même que les références à ce communiqué dans toutes les autres déclara- tions écrites ou orales du groupe, portant sur les perspectives d’avenir en matière d’activités, sur les événements et les développements stratégiques de Colruyt Group, sont des prévisions et comportent à ce titre des risques et des incertitudes. Les informations communiquées reposent sur les données disponibles à ce moment ; ces informations sont susceptibles de différer du résultat final. Les facteurs pouvant induire une distorsion entre les prévisions et la réalité sont les suivants : changement de contexte microéconomique ou macroéconomique, circonstances de marché variables, climat concurrentiel changeant, décisions défavorables concernant la con- struction et/ou l’agrandissement de nouveaux magasins ou de magasins existants, problèmes d’approvisionnement avec les fournisseurs, sans oublier tous les autres facteurs pouvant avoir un impact sur le résultat du groupe. Colruyt Group se décharge de toute obligation quant aux communications futures susceptibles d’avoir des répercussions sur le résultat du groupe ou d’entraîner un écart par rapport aux prévisions fournies dans le présent communiqué de presse ou dans toute autre com- munication du groupe, qu’elle soit orale ou écrite. WorldReginfo - 62bc7365-1652-46ba-a580-a3ed55c9c1b3 Hal, 22 juin 2012 Société anonyme Ets. Fr. Colruyt Siège social : Wilgenveld Edingensesteenweg 196 B-1500 HAL RPM Bruxelles TVA : BE 400.378.485 Numéro d’entreprise : 0400.378.485 Tél.
    [Show full text]
  • Latest Evolutions in the Field of Psychosocial Well-Being
    Latest evolutions in the field of psychosocial well-being: practical cases of Ab Inbev, Colruyt, Moderator, Delhaize, Eurocontrol, Johnson & Johnson, NS-HSK, Port of Antwerp and Proximus Item Type Book Keywords Pulso Europe; Well-being--Psychological aspects; Well-being-- Social aspects; Employee assistance programs; Case studies; Work environment Publisher Pulso Download date 05/10/2021 17:20:12 Link to Item http://hdl.handle.net/10713/11206 Latest evolutions in the field of psychosocial well-being Practical cases of Ab Inbev, Colruyt, Moderator, Delhaize, Eurocontrol, Johnson & Johnson, NS-HSK, Port of Antwerp and Proximus Latest evolutions in the field of psychosocial well-being Practical cases of Ab Inbev, Colruyt, Moderator, Delhaize, Eurocontrol, Johnson & Johnson, NS-HSK, Port of Antwerp and Proximus Pulso Europe: 20 years of experience Reflecting on the history of Pulso Europe means more than just looking back on this last year since this organisation was founded. It is also a celebration of the more than twenty years that have led to the success of Pulso Europe today. This journey has started in the ‘90s with three separate Leuven-based companies: • ISW, spin-off of the Leuven University and pioneer in science-based prevention, assessment and treat- ment of stress complaints; • Limits, expert in moral and sexual harassment in the workplace; • Eupora, expert in co-creating Employee Assistance Programmes in close collaboration with their cus- tomer organisations. Two mergers onwards (first ISW and Limits, then ISW Limits and Eupora) we have taken our journey to an even higher level. We move forward together, and the new name ‘Pulso Europe’ already hints one of the di- rections.
    [Show full text]
  • The Annual Report on the Most Valuable Belgian Brands July 2018 Foreword
    Belgium 10 2018 The annual report on the most valuable Belgian brands July 2018 Foreword. What is the purpose of a strong brand: to attract customers, to build loyalty, to motivate staff? All true, but for a commercial brand at least, the first answer must always be ‘to make money’. Huge investments are made in the design, launch, and ongoing promotion of brands. Given their potential financial value, this makes sense. Unfortunately, most organisations fail to go beyond that, missing huge opportunities to effectively make use of what are often their most important assets. Monitoring of brand performance should be the next step, but is often sporadic. Where it does take place, it frequently lacks financial rigour and is heavily reliant on qualitative measures, poorly understood by non-marketers. David Haigh As a result, marketing teams struggle to communicate the value of their work and CEO, Brand Finance boards then underestimate the significance of their brands to the business. Sceptical finance teams, unconvinced by what they perceive as marketing mumbo jumbo, may fail to agree necessary investments. What marketing spend there is, can end up poorly directed as marketers are left to operate with insufficient financial guidance or accountability. The end result can be a slow but steady downward spiral of poor communication, wasted resources, and a negative impact on the bottom line. Brand Finance bridges the gap between marketing and finance. Our teams have experience across a wide range of disciplines from market research and visual identity to tax and accounting. We understand the importance of design, advertising, and marketing, but we also believe that the ultimate and overriding purpose of brands is to make money.
    [Show full text]
  • Other Financial Services Investment Research Sector Update
    Other Financial Services Investment Research Sector Update 01 March 2011 -40% 170 -35% 160 BELGIAN HOLDING AND INVESTMENT COMPANIES -30% 150 -25% 140 Last month's news flow Ackermans & van Haaren Bank Van Breda intends to launch a counter bid on ABK -20% 130 Ackermans & van Haaren Publication of flash note "FY10 preview: considerable increase of current result expected" -15% 120 Bois Sauvage Final closing of the sale of its participation in Bank Degroof -10% 110 Bois Sauvage Simplification of controlling structure - upgrade to Buy CNP/NPM Interruption of share buy-back programme -5% 100 CNP/NPM CNP/NPM portfolio company BIG is not to be sold 0% 90 Gimv Folow-up investment in NovoPolymers 90 92 94 96 98 00 02 04 06 08 10 12 Gimv 9M10/11 update Source : Bloomberg, ESN - Bank Degroof Research Gimv Divestment of Plexxikon to Daiichi Sankyo Histogram : Average (unweighted) discount to adjusted NAV of 5 largest Quest for Growth Publication of company update "FY10 release and portfolio update" holding companies (LHS) RHJ International Publication of flash note "The final settlement of the Honsel bankruptcy could turn out Line : Cumulative excess return Belgian investment companies vs. Belgian to be more favourable for RHJI than previously anticipated" All Shares Return Index since 1990 (RHS) RHJ International Refinancing of Asahi Tec's debt RHJ International Sale of stake in Niles Sector performances Abs. Perf. (1 month) -0.8% Financial calendar Abs. Perf. (3 month) 6.7% 03-Mar-11 Ackermans & van Haaren FY10 Results + analyst meeting 03-Mar-11
    [Show full text]
  • HYOFFWIND – Power to Gas
    HYOFFWIND – Power to Gas Feasibility study for industrial scale conversion of renewable electricity (offshore wind) to green hydrogen with injection in the natural gas transmission grid. End Report (September 2019) The feasibility study was made possible with the support of the Energy Transition Fund (ETF). Table of Contents 1 General introduction ....................................................................................................................... 4 1.1 Purpose of the study ............................................................................................................... 4 1.2 Executive summary ................................................................................................................. 5 2 Presentation of the project partners .............................................................................................. 7 2.1 Eoly .......................................................................................................................................... 7 2.2 Fluxys ....................................................................................................................................... 7 2.3 Parkwind ................................................................................................................................. 7 3 Power-to-Gas vision ........................................................................................................................ 8 3.1 Societal challenges .................................................................................................................
    [Show full text]