Varma’s investments yielded a return of 4.7 (–0.3) per cent, i.e. EUR 2.0 billion, in January–June. The market value of the investment portfolio reached a new record of EUR 45.0 (41.2) billion.
The market value of Varma’s investments rose to EUR 45.4 (42.4) billion in January–September. The investment portfolio generated a return of 6.2 (3.1) per cent or EUR 2.7 billion, and the company’s solvency strengthened to EUR 11.4 (10.1) billion.
This document summarizes the financial performance and position of Banca Ifis Group for 2014. Some key highlights include:
- Net profit increased 13% to 95.9 million euros.
- Equity grew 15.1% to 437.8 million euros.
- Funding decreased 28.6% to 7.742 billion euros while loans increased 22.5% to 2.814 billion euros.
- The non-performing loan ratio improved to 1.3% from 2.6% the previous year.
In 2016, the return on Varma’s investments was 4.7% (4.2%) or EUR 2.0 billion. The market value of investments increased to a record high: EUR 42.9 (41.3) billion. Solvency strengthened by EUR 243 million and amounted to EUR 10.2 (10.0) billion at year-end.
Sponda reported its financial results for Q3 2015. Net operating income declined 8.7% due to property disposals, but core portfolio performance remained strong. Occupancy was 86.2%, down slightly from last year. Sponda completed the renovation of Keskuskatu 1 and agreed to sell its shares in Certeum for EUR 190 million. For 2015, Sponda estimates net operating income of EUR 160-166 million and EPRA earnings of EUR 97-103 million. Sponda will continue its strategy of simplifying operations through non-core property sales and growth through development projects.
Snam’s Board of Directors, chaired by Carlo Malacarne, yesterday approved the consolidated half-year report at 30 June 2016 (subjected to a limited audit) and the consolidated results for the second quarter of 2016 (unaudited).
Operating highlights
New regulatory period with adjustments to WACC from 1 st January 2016
Gas injected into the transportation network: 34.07 billion cubic metres (+4.0%)
Number of active meters: 6.525 million (6.518 million at 30 June 2015)
Available storage capacity: 11.8 billion cubic metres (+0.4 billion cubic metres compared with 30 June 2015)
Financial highlights
Regulated revenue: €1,644 million 1 (-€78 million; -4.5%); reduction due to WACC adjustment
EBIT: €867 million (-14.3%)
Net profit: €526 million (-14.1%)
Technical investments: €526 million
Free cash flow: €508 million
Significant events
Separation of Italgas from Snam approved on 28 June 2016 by Snam Board of Directors. The closing of the entire transaction, which is subject to certain conditions precedent being met, will likely take effect by 31 December 2016
The Snam Board of Directors proposed a share buyback programme to the shareholders’ meeting called for 1 August 2016 for up to 3.5% of Snam’s share capital for a maximum amount of up to €500 million over 18 months
Snam reported lower revenues, earnings, and profits in the first quarter of 2016 compared to the same period in 2015. Revenues decreased 8.3% to €852 million, earnings before interest and taxes (EBIT) declined 15.9% to €429 million, and net profit decreased 18.2% to €266 million. Operating expenses were down slightly while capital expenditures increased. Despite lower results, free cash flow was positive at €251 million due to changes in working capital. Italian gas consumption and injections into the transportation network were up on a weather-adjusted basis.
Varma’s investments yielded a return of 4.7 (–0.3) per cent, i.e. EUR 2.0 billion, in January–June. The market value of the investment portfolio reached a new record of EUR 45.0 (41.2) billion.
The market value of Varma’s investments rose to EUR 45.4 (42.4) billion in January–September. The investment portfolio generated a return of 6.2 (3.1) per cent or EUR 2.7 billion, and the company’s solvency strengthened to EUR 11.4 (10.1) billion.
This document summarizes the financial performance and position of Banca Ifis Group for 2014. Some key highlights include:
- Net profit increased 13% to 95.9 million euros.
- Equity grew 15.1% to 437.8 million euros.
- Funding decreased 28.6% to 7.742 billion euros while loans increased 22.5% to 2.814 billion euros.
- The non-performing loan ratio improved to 1.3% from 2.6% the previous year.
In 2016, the return on Varma’s investments was 4.7% (4.2%) or EUR 2.0 billion. The market value of investments increased to a record high: EUR 42.9 (41.3) billion. Solvency strengthened by EUR 243 million and amounted to EUR 10.2 (10.0) billion at year-end.
Sponda reported its financial results for Q3 2015. Net operating income declined 8.7% due to property disposals, but core portfolio performance remained strong. Occupancy was 86.2%, down slightly from last year. Sponda completed the renovation of Keskuskatu 1 and agreed to sell its shares in Certeum for EUR 190 million. For 2015, Sponda estimates net operating income of EUR 160-166 million and EPRA earnings of EUR 97-103 million. Sponda will continue its strategy of simplifying operations through non-core property sales and growth through development projects.
Snam’s Board of Directors, chaired by Carlo Malacarne, yesterday approved the consolidated half-year report at 30 June 2016 (subjected to a limited audit) and the consolidated results for the second quarter of 2016 (unaudited).
Operating highlights
New regulatory period with adjustments to WACC from 1 st January 2016
Gas injected into the transportation network: 34.07 billion cubic metres (+4.0%)
Number of active meters: 6.525 million (6.518 million at 30 June 2015)
Available storage capacity: 11.8 billion cubic metres (+0.4 billion cubic metres compared with 30 June 2015)
Financial highlights
Regulated revenue: €1,644 million 1 (-€78 million; -4.5%); reduction due to WACC adjustment
EBIT: €867 million (-14.3%)
Net profit: €526 million (-14.1%)
Technical investments: €526 million
Free cash flow: €508 million
Significant events
Separation of Italgas from Snam approved on 28 June 2016 by Snam Board of Directors. The closing of the entire transaction, which is subject to certain conditions precedent being met, will likely take effect by 31 December 2016
The Snam Board of Directors proposed a share buyback programme to the shareholders’ meeting called for 1 August 2016 for up to 3.5% of Snam’s share capital for a maximum amount of up to €500 million over 18 months
Snam reported lower revenues, earnings, and profits in the first quarter of 2016 compared to the same period in 2015. Revenues decreased 8.3% to €852 million, earnings before interest and taxes (EBIT) declined 15.9% to €429 million, and net profit decreased 18.2% to €266 million. Operating expenses were down slightly while capital expenditures increased. Despite lower results, free cash flow was positive at €251 million due to changes in working capital. Italian gas consumption and injections into the transportation network were up on a weather-adjusted basis.
This document summarizes the performance of the NL ComIdx, a commodity trading index, from January 2010 to August 2016. It achieved a 32% compound annual growth rate during this period with 10.5% volatility. The maximum drawdown was 700%. The Sharpe ratio, a measure of risk-adjusted returns, was 3.03. A chart shows the historic profits/losses of the index over time along with the drawdowns from the high watermark.
A positive trend in global stock markets in July was driven by developments in the Greek crisis. Oil prices declined sharply due to weak fundamentals and increased Iranian supply. Snam shares closed up 5% in July, outperforming utility sector indexes, as half-year results met expectations. Snam reported a 9.1% rise in first half net profit supported by infrastructure investments and contributions from associates.
Snam reported its third quarter 2016 results, with the following highlights:
- Weather-adjusted gas demand was up 2.3% driven by a moderate recovery in industrial production and higher thermoelectric demand.
- Capex was in line with targets at €842 million, up 5% from the first nine months of 2015.
- Revenues were €2.469 billion, down 4.2% due to a new regulatory framework.
- Net profit was €783 million, down 11.8% compared to the first nine months of 2015.
- Snam confirmed its full-year 2016 guidance and announced the acquisition of a 49% stake in Gas Connect Austria GmbH.
- Snam reported a 2.4% increase in revenues and a 2.0% decrease in EBITDA for 1Q 2015 compared to 1Q 2014. Net profit increased 11.3% over the same period.
- Key financial actions in 1Q 2015 included bond issuances totaling €250 million and new and canceled financing agreements with the EIB totaling €200 million and €300 million respectively.
- Cash flow from operations was €653 million for 1Q 2015, with free cash flow of €453 million after net capital expenditures of €200 million.
This document summarizes the financial results and outlook for Lotus Bakeries in 2011 and 2012. In 2011, net sales increased 4.1% to €275.6 million driven by growth across key markets. REBIT increased 4% to €36.4 million. For 2012, investments of €18 million are planned to modernize gingerbread production facilities in Geldrop and Sintjohannesga. A new headquarters will also be built in Lembeke.
Klöckner & Co - Global Resources Conference 2011Klöckner & Co SE
Klöckner & Co SE delivered strong financial results in 2010, significantly improving sales, EBITDA, and net income. Acquisitions contributed substantially to growth, with 4 acquisitions completed in 2010 expanding the group's product and geographic exposure. The company also made progress on its Klöckner & Co 2020 strategy, with initiatives underway to enhance organic growth, optimize business operations, and improve management. A memorandum of understanding was signed for a large potential acquisition in the US that would make Klöckner & Co one of the top 3 multi metal distributors in North America.
European fund distribution markets saw overall growth over the 12-month period ending July 2014. Germany, France, and Italy had the largest growth in total net assets held by local investors in domestic and cross-border funds. The heat map shows the annual growth rate of the major European distribution markets based on changes in total net assets. Germany had the largest distribution market size as of July 2014, followed by France and the UK.
Varma has analysed the carbon footprint of its investments, specifically its listed equity and corporate bond investments, and its real estate investments. The calculation covers EUR 16 billion, i.e. 39% of Varma’s EUR 41.3 billion investment portfolio, and reflects the situation at the end of 2015.
This document provides an overview of BBVA's fixed income portfolio including key metrics such as 2018 net attributable profit, capital ratios, funding sources, and debt issuances. Some highlights include a 2018 CET1 ratio of 11.7%, retail funding comprising 63% of total liabilities, and a table listing fixed income products issued between 2014-2018 with details on issue date, call date, maturity, currency, and coupon. Goals for 2019 include increasing mobile customers to 50% of total customers.
Wilson Sons reported financial results for the first quarter of 2015. Key highlights included robust performance in towage and shipyard businesses, but slower container terminal growth due to economic slowdown. Offshore vessels saw higher revenues from a larger fleet and more operating days. Net income was negatively impacted by currency depreciation. The presentation also provided an overview of the company's debt profile and future capital expenditures. Operational updates showed declines for containers handled but growth in towage operations and shipyard orderbook.
The document is a newsletter from Snam SpA providing information on the company's financial performance, investor relations activities, and corporate news.
In the first half of 2015, Snam's net profit increased 9.1% to €612 million despite a 3.1% decline in EBIT. Total revenues rose 3.1% while technical investments decreased 7.4%.
Snam's investor relations continues its strategy of openness and transparency through various communication channels such as roadshows, conferences, and social media. The company aims to provide high quality information to its diverse investor base, over half of which are international.
Italgas, a subsidiary of Snam, had its board of directors reinstated
The document provides an analysis of retail trade trends and key figures for Kesko, a Finnish trading group, for the period of Q1 2014 - Q2 2015. It summarizes retail trade growth rates across several European countries, Kesko's financial performance indicators over time, operating margins and sales by division, strategic growth areas and objectives. Retail sales growth has slowed or declined in many countries while Kesko has maintained a strong financial position and profitability across its grocery, home improvement and car trading divisions.
Snam reported solid 2015 full year results, with revenues up 2.3% and adjusted net profit up 12.2%. Total investments were €1.54 billion, with €1.27 billion spent on capital expenditures. Operational efficiencies and financial restructuring led to a significant reduction in debt costs. Gas consumption in Italy increased 8.9% in 2015 from the prior year. Snam intends to pay a dividend of €0.25 per share and remains focused on consolidating its leadership role in the European gas infrastructure sector, including through its stake in the Trans Adriatic Pipeline project.
Nordnet's interim report for the period January-September 2014.
Highlights from the third quarter:
- Launch of the social investing network Shareville
- The Super funds available on all Nordic markets
- Continued strong underlying growth of customers and net savings
Banca IFIS: an excellent 2013
The CEO Giovanni Bossi: the result we are most proud of is the Bank's asset quality.
A 0,57 Euro dividend per share proposed to the Shareholders' Meeting.
Full year 2013 1 January – 31 December
• Profit for the year up 8,5% to 84,8 million Euro, and up 18,5% to 92,7 million Euro not accounting for the effects of the Finance Act.
• Net banking income increasing by 7,9% to 264,2 million Euro.
• Net profit from financial activities rising 14,9% to 219,6 million Euro.
• Excellent cost/income ratio, 28,9% (27,8% in 2012). • Net non-performing loans/total loans in the Trade Receivables sector: 2,6% compared to 4,3% (December 2012).
• ROE, equal to 24,8%, remains at excellent levels.
• Solvency: 13,5%.
• Core Tier 1: 13,7%.
Browse the interactive 2013 annual report website: http://bilancio.bancaifis.it/en
Olli Rehn: Lessons of the crisis for euro area reform. Dublin, 3 Feb 2018Suomen Pankki
1) The document summarizes a speech given by Olli Rehn on lessons from the eurozone crisis.
2) It shows charts on the growth of euro area GDP from 2008-2020, the dramatic increase and decrease in bond spreads for some eurozone countries during the crisis years, and stabilization of public finances in Ireland.
3) It highlights Draghi's "Whatever it takes" statement that helped stabilize markets.
- BBVA Group's net attributable profit for 9M18 was €4.5 billion at constant exchange rates.
- BBVA's CET1 capital ratio was 11.5% and total capital ratio was 15.9% as of September 2018, above regulatory requirements.
- BBVA has issued various fixed income instruments between 2017-2018, including Additional Tier 1 capital, Tier 2 capital, senior unsecured debt, and covered bonds denominated in euros and US dollars.
Snam presented its full-year 2016 results and 2017-2021 strategic plan update. Key highlights include:
- 2016 results met guidance with adjusted net profit of €845 million.
- The 2017-2021 plan increases investments to €5 billion, improves contributions from new activities, and maintains a solid financial structure.
- The plan focuses on innovation, efficiency initiatives, and strengthening operational excellence to support higher performance.
The document discusses the various digital tools and platforms the author used during the planning, production, and evaluation stages of creating a film trailer. Blogger was the primary tool for planning and organization, allowing the author to compile research from YouTube, Google, and other sources in one place. YouTube, Google, Facebook, and Survey Monkey provided key sources of inspiration and audience feedback. Photoshop, Canon cameras, and iMovie were used to design ancillary materials and edit video. PowerPoint and Blogger facilitated presentation and evaluation of the final products.
Para crear un nuevo proyecto en Java, se debe seleccionar "New Project" dentro de la opción "File", luego seleccionar "Java" como lenguaje y "Java Application" como tipo de proyecto, y finalmente ponerle un nombre al proyecto.
This document summarizes the performance of the NL ComIdx, a commodity trading index, from January 2010 to August 2016. It achieved a 32% compound annual growth rate during this period with 10.5% volatility. The maximum drawdown was 700%. The Sharpe ratio, a measure of risk-adjusted returns, was 3.03. A chart shows the historic profits/losses of the index over time along with the drawdowns from the high watermark.
A positive trend in global stock markets in July was driven by developments in the Greek crisis. Oil prices declined sharply due to weak fundamentals and increased Iranian supply. Snam shares closed up 5% in July, outperforming utility sector indexes, as half-year results met expectations. Snam reported a 9.1% rise in first half net profit supported by infrastructure investments and contributions from associates.
Snam reported its third quarter 2016 results, with the following highlights:
- Weather-adjusted gas demand was up 2.3% driven by a moderate recovery in industrial production and higher thermoelectric demand.
- Capex was in line with targets at €842 million, up 5% from the first nine months of 2015.
- Revenues were €2.469 billion, down 4.2% due to a new regulatory framework.
- Net profit was €783 million, down 11.8% compared to the first nine months of 2015.
- Snam confirmed its full-year 2016 guidance and announced the acquisition of a 49% stake in Gas Connect Austria GmbH.
- Snam reported a 2.4% increase in revenues and a 2.0% decrease in EBITDA for 1Q 2015 compared to 1Q 2014. Net profit increased 11.3% over the same period.
- Key financial actions in 1Q 2015 included bond issuances totaling €250 million and new and canceled financing agreements with the EIB totaling €200 million and €300 million respectively.
- Cash flow from operations was €653 million for 1Q 2015, with free cash flow of €453 million after net capital expenditures of €200 million.
This document summarizes the financial results and outlook for Lotus Bakeries in 2011 and 2012. In 2011, net sales increased 4.1% to €275.6 million driven by growth across key markets. REBIT increased 4% to €36.4 million. For 2012, investments of €18 million are planned to modernize gingerbread production facilities in Geldrop and Sintjohannesga. A new headquarters will also be built in Lembeke.
Klöckner & Co - Global Resources Conference 2011Klöckner & Co SE
Klöckner & Co SE delivered strong financial results in 2010, significantly improving sales, EBITDA, and net income. Acquisitions contributed substantially to growth, with 4 acquisitions completed in 2010 expanding the group's product and geographic exposure. The company also made progress on its Klöckner & Co 2020 strategy, with initiatives underway to enhance organic growth, optimize business operations, and improve management. A memorandum of understanding was signed for a large potential acquisition in the US that would make Klöckner & Co one of the top 3 multi metal distributors in North America.
European fund distribution markets saw overall growth over the 12-month period ending July 2014. Germany, France, and Italy had the largest growth in total net assets held by local investors in domestic and cross-border funds. The heat map shows the annual growth rate of the major European distribution markets based on changes in total net assets. Germany had the largest distribution market size as of July 2014, followed by France and the UK.
Varma has analysed the carbon footprint of its investments, specifically its listed equity and corporate bond investments, and its real estate investments. The calculation covers EUR 16 billion, i.e. 39% of Varma’s EUR 41.3 billion investment portfolio, and reflects the situation at the end of 2015.
This document provides an overview of BBVA's fixed income portfolio including key metrics such as 2018 net attributable profit, capital ratios, funding sources, and debt issuances. Some highlights include a 2018 CET1 ratio of 11.7%, retail funding comprising 63% of total liabilities, and a table listing fixed income products issued between 2014-2018 with details on issue date, call date, maturity, currency, and coupon. Goals for 2019 include increasing mobile customers to 50% of total customers.
Wilson Sons reported financial results for the first quarter of 2015. Key highlights included robust performance in towage and shipyard businesses, but slower container terminal growth due to economic slowdown. Offshore vessels saw higher revenues from a larger fleet and more operating days. Net income was negatively impacted by currency depreciation. The presentation also provided an overview of the company's debt profile and future capital expenditures. Operational updates showed declines for containers handled but growth in towage operations and shipyard orderbook.
The document is a newsletter from Snam SpA providing information on the company's financial performance, investor relations activities, and corporate news.
In the first half of 2015, Snam's net profit increased 9.1% to €612 million despite a 3.1% decline in EBIT. Total revenues rose 3.1% while technical investments decreased 7.4%.
Snam's investor relations continues its strategy of openness and transparency through various communication channels such as roadshows, conferences, and social media. The company aims to provide high quality information to its diverse investor base, over half of which are international.
Italgas, a subsidiary of Snam, had its board of directors reinstated
The document provides an analysis of retail trade trends and key figures for Kesko, a Finnish trading group, for the period of Q1 2014 - Q2 2015. It summarizes retail trade growth rates across several European countries, Kesko's financial performance indicators over time, operating margins and sales by division, strategic growth areas and objectives. Retail sales growth has slowed or declined in many countries while Kesko has maintained a strong financial position and profitability across its grocery, home improvement and car trading divisions.
Snam reported solid 2015 full year results, with revenues up 2.3% and adjusted net profit up 12.2%. Total investments were €1.54 billion, with €1.27 billion spent on capital expenditures. Operational efficiencies and financial restructuring led to a significant reduction in debt costs. Gas consumption in Italy increased 8.9% in 2015 from the prior year. Snam intends to pay a dividend of €0.25 per share and remains focused on consolidating its leadership role in the European gas infrastructure sector, including through its stake in the Trans Adriatic Pipeline project.
Nordnet's interim report for the period January-September 2014.
Highlights from the third quarter:
- Launch of the social investing network Shareville
- The Super funds available on all Nordic markets
- Continued strong underlying growth of customers and net savings
Banca IFIS: an excellent 2013
The CEO Giovanni Bossi: the result we are most proud of is the Bank's asset quality.
A 0,57 Euro dividend per share proposed to the Shareholders' Meeting.
Full year 2013 1 January – 31 December
• Profit for the year up 8,5% to 84,8 million Euro, and up 18,5% to 92,7 million Euro not accounting for the effects of the Finance Act.
• Net banking income increasing by 7,9% to 264,2 million Euro.
• Net profit from financial activities rising 14,9% to 219,6 million Euro.
• Excellent cost/income ratio, 28,9% (27,8% in 2012). • Net non-performing loans/total loans in the Trade Receivables sector: 2,6% compared to 4,3% (December 2012).
• ROE, equal to 24,8%, remains at excellent levels.
• Solvency: 13,5%.
• Core Tier 1: 13,7%.
Browse the interactive 2013 annual report website: http://bilancio.bancaifis.it/en
Olli Rehn: Lessons of the crisis for euro area reform. Dublin, 3 Feb 2018Suomen Pankki
1) The document summarizes a speech given by Olli Rehn on lessons from the eurozone crisis.
2) It shows charts on the growth of euro area GDP from 2008-2020, the dramatic increase and decrease in bond spreads for some eurozone countries during the crisis years, and stabilization of public finances in Ireland.
3) It highlights Draghi's "Whatever it takes" statement that helped stabilize markets.
- BBVA Group's net attributable profit for 9M18 was €4.5 billion at constant exchange rates.
- BBVA's CET1 capital ratio was 11.5% and total capital ratio was 15.9% as of September 2018, above regulatory requirements.
- BBVA has issued various fixed income instruments between 2017-2018, including Additional Tier 1 capital, Tier 2 capital, senior unsecured debt, and covered bonds denominated in euros and US dollars.
Snam presented its full-year 2016 results and 2017-2021 strategic plan update. Key highlights include:
- 2016 results met guidance with adjusted net profit of €845 million.
- The 2017-2021 plan increases investments to €5 billion, improves contributions from new activities, and maintains a solid financial structure.
- The plan focuses on innovation, efficiency initiatives, and strengthening operational excellence to support higher performance.
The document discusses the various digital tools and platforms the author used during the planning, production, and evaluation stages of creating a film trailer. Blogger was the primary tool for planning and organization, allowing the author to compile research from YouTube, Google, and other sources in one place. YouTube, Google, Facebook, and Survey Monkey provided key sources of inspiration and audience feedback. Photoshop, Canon cameras, and iMovie were used to design ancillary materials and edit video. PowerPoint and Blogger facilitated presentation and evaluation of the final products.
Para crear un nuevo proyecto en Java, se debe seleccionar "New Project" dentro de la opción "File", luego seleccionar "Java" como lenguaje y "Java Application" como tipo de proyecto, y finalmente ponerle un nombre al proyecto.
This document describes various electrical products manufactured by Orange Cables including indoor cables, unarmoured power cables, switchgear cables, data cables, auto cables, coaxial cables, circuit breakers, residual current circuit breakers, industrial switchgears, socket outlets, LED and CFL lighting, and industrial panel boards. The key materials used include flame retardant polycarbonate and nylon, high grade brass, phosphor bronze, and high quality silver alloy. Products meet various international standards.
DW Express Limited is a logistics company established in 2003 that specializes in sea and air freight, consolidation, packaging, transport, warehousing, and customs clearance. They have partners across major ports and airports globally. The company has grown progressively by offering reliable and timely services to clients in all continents. They provide tailored logistics solutions from origin to destination, including import/export, door-to-door delivery, warehousing, documentation, packaging, and cargo tracking. DW Express aims to be a market leader through reliable, cost-effective, and secure logistics solutions with a focus on integrity, timeliness, quality, and customer service.
Presentation for ASCE's July Branch Luncheon on Autonomous Vehicles by Ryan Snyder, Transportation Planning Expert, of transpogroup. Existing technology, timeline, technological possibilities, and potential benefits.
Desalination Overview and 24 MLD Jaffna SWRO Project May, 2015 - Water Globe.Private Consultants
TA-8668 SRI: Rapid Assessment of Seawater Desalination and
Other Alternative Water Sources for Jaffna Water Supply Water - Globe Consulting Nikolay Voutchkov
This presentation provides an overview of Teranga Gold Corporation and the gold mining industry trends. It discusses how gold discoveries and grades are declining globally despite increased exploration spending. It highlights that West Africa is one of the fastest growing gold mining regions in the world. Teranga is well positioned in West Africa with its Sabodala gold mine in Senegal and its expansion into Burkina Faso with its fully permitted Banfora gold project. The presentation outlines Teranga's growth opportunities and its goal of increasing production and cash flows over its remaining mine life.
This document contains the presentation from 3M's Chairman and CEO at their 2016 Investor Day. The presentation highlights that 3M will continue executing on their key strategies of portfolio management, investing in innovation, and business transformation to drive efficient growth. 3M announced new 2016-2020 financial objectives targeting organic growth of 2-5%, free cash flow conversion of 100%, EPS growth of 8-11%, and ROIC of 2-5%. The presentation outlines how 3M will continue outperforming markets by leveraging their fundamental strengths and winning with customers.
The document provides an overview of OUTFRONT Media's assets and business model as a REIT. It details the company's primary asset types which include billboards, digital displays, posters, and transit assets. It also summarizes the company's top market locations and timeline of becoming a publicly-traded REIT after its split from CBS Corporation in 2014.
Kirkland Lake Gold and Newmarket Gold announced a business combination to create a new mid-tier gold producer. In Q3 2016, Newmarket achieved record quarterly gold production of 55,794 ounces and generated $25.4 million in operating cash flow. Fosterville had a strong quarterly performance with production of 36,967 ounces at an operating cash cost of $471 per ounce and all-in sustaining costs of $765 per ounce. For the first nine months of 2016, Newmarket achieved record gold production of 175,041 ounces and record mine operating income of $67.7 million.
Varma's Interim Report: Strong solvency protected against plummeting marketTyöeläkeyhtiö Varma
Varma's interim report summarizes their financial performance from January to March 2016. Key points include:
- Investments returned -1.4% during the period, impacted by weak global markets. Fixed income investments increased as a percentage of the portfolio.
- Solvency remained strong at 28.6% despite market fluctuations, well above requirements. Solvency capital was €9.1 billion.
- Rehabilitation efforts are proving effective, with the number of rehabilitees exceeding new disability pensions for the first time. This supports the goal of longer careers.
Varma's interim report presentation 1 January - 30 September 2020Työeläkeyhtiö Varma
Varma’s investment returns continued to recover in the third quarter from the abrupt fall in share prices caused by the coronavirus crisis early in the year. The market value of the investments increased by EUR 1.5 billion compared to the situation at the end of June and totalled EUR 46.8 billion at the end of September. According to President and CEO Risto Murto, an issue that is even more critical for the pension system than realised returns is the development of employment.
Varma's interim report presentation 1 January - 31 March 2019Työeläkeyhtiö Varma
Varma’s investments yielded a return of 5.1% (–0.4%), i.e. EUR 2.2 billion, in the first quarter. The market value of investments rose to EUR 45.8 billion (44.0 bn on 1 Jan).
The return on Varma’s investments remained on a steady growth track in the third quarter of the year, after market turbulence in the beginning of 2018. The nine-month return on Varma’s investments was 3.5% (6.2%) or EUR 1.6 billion.
Deutsche EuroShop | Conference Call Presentation - Quarterly Statement 9M 2016Deutsche EuroShop AG
The document provides quarterly financial results for Deutsche EuroShop AG for the first nine months of 2016. Key highlights include:
- Retail turnover in German centers declined 1.7% on a like-for-like basis.
- Revenue increased 0.8% to €152.3 million.
- Funds from operations (FFO) per share grew 3.7% to €1.74.
- Earnings per share declined 2.2% to €1.34 due to valuation effects.
- The company acquired a 50% stake in the Saarpark-Center shopping center in Neunkirchen for approximately €113 million.
Sponda reported strong financial results for Q3 2016. Key highlights included continued positive performance in the shopping centre segment driven by like-for-like rental growth of 4.7% and occupancy increasing to 93.2%. Sponda largely completed its planned divestment of non-core assets, selling logistics properties and its remaining Russian portfolio. Business conditions in Finland remain positive with economic growth turning positive, record high real estate transaction volumes, and decreasing prime property yield requirements. Sponda is focused on further improving portfolio quality by investing in growth areas like Helsinki and Tampere and divesting mature properties with lower potential.
Varma reported a 1.7% return on investments in the first half of 2018, reaching a new record high of €46.4 billion in market value. While market volatility lowered returns initially, performance recovered in the second quarter. Over ten years, Varma's average nominal return is 5.1%. Solvency remains at a strong level of 132.4%, above the required minimum. Operations were efficient with a loading profit of €24 million.
- Swedbank reported a profit of SEK 4.4 billion for Q2 2014, up 10% from Q1 2014, driven by higher lending and deposit volumes as well as increased savings.
- For the first half of 2014, Swedbank's profit was SEK 8.4 billion, a 13% increase over the same period in 2013, with net interest income up 2% and impairments recovering SEK 70 million.
- Swedbank maintained a strong capital position with a Common Equity Tier 1 ratio of 20.9% as of the end of Q2 2014, exceeding regulatory requirements.
Klöckner & Co SE - Analysts' and Investors' ConferenceKlöckner & Co SE
Analysts' and Investors' Presentation for the 3rd quarter results on November 3, 2016
More at http://www.kloeckner.com/en/kloeckner-co-se-substantially-boosts-earnings-in-first-nine-months-of-2016.html
Varma's interim report presentation 1 January - 31 March 2020Työeläkeyhtiö Varma
Varma’s solvency remained at a good level in the first quarter of 2020, even though the coronavirus pandemic that spread worldwide stopped the economy in its tracks.
Sponda reported positive financial results for Q1 2016. Highlights include an increased occupancy rate of 88.7%, positive like-for-like growth of 2.7% in shopping centres and 0.7% in offices, and EUR 30 million in divestments. Sponda also acquired six prime properties in Helsinki's central business district for EUR 576 million. Net operating income increased 6.3% to EUR 42.1 million compared to Q1 2015. Sponda will continue its strategy of non-core divestments and core acquisitions to further concentrate its portfolio in Helsinki's central business district.
Snam reported its 2013 results and outlined its 2014-2017 strategic plan. Key points include:
- 2013 EBIT exceeded 2 billion euro despite an 8.9% decrease in transported gas volumes. Reported net profit increased 17.7% to 917 million euro.
- The strategic plan outlines 6 billion euro in investments over 2014-2017 to strengthen Italy's gas infrastructure and increase transport capacity.
- Financial targets for the period include a 3.3% annual RAB growth rate and maintaining a debt to assets ratio around 55%.
- The annual dividend will be 0.25 euro per share in 2014 and 2015.
The document is Swedbank's interim report for January-September 2014. It summarizes that Swedbank reported a strong third quarter result, with profit for continuing operations of SEK 4.5 billion, up 4% from the third quarter of 2013. For the first nine months of 2014, profit for continuing operations was SEK 12.9 billion, an increase of 12% over the same period in 2013. However, economic growth remains uncertain globally and in Swedbank's key markets due to geopolitical risks and tensions between Russia and Ukraine. Swedbank aims to lower costs towards SEK 16 billion in 2016 through cost synergies, digitization, and staff reductions of 600-800 employees.
Klöckner & Co SE - Q2 2017 Results - Press ConferenceKlöckner & Co SE
- Klöckner & Co reported sales of €1.64 billion for Q2 2017, up 8.1% year-over-year, while shipments were down 4.4% adjusted for business sales and discontinuations.
- EBITDA for Q2 was €63 million, within guidance of €60-70 million. EBITDA for the first half of 2017 was €140 million, up from €88 million in the prior year period.
- The company expects EBITDA of €35-45 million for Q3 2017 and an increase of over 10% in full year EBITDA compared to 2016.
Deutsche EuroShop - Conference Call Presentation - Interim Report 9M 2015 Deutsche EuroShop AG
This document summarizes the key financial figures for Deutsche EuroShop AG for the first 9 months of 2015. Revenue increased slightly by 0.9% to €151 million driven by higher rents. Net finance costs decreased by 10.8% and earnings before tax grew by 5.7% to €91 million. FFO per share increased by 2.4% and earnings per share grew by 6.2%. The company continues to see stable performance across its portfolio of shopping centers.
This document summarizes Husqvarna Group's Q3 2016 results. Key points include:
- Operating income increased 6% to SEK 431m and operating margin increased 0.4 percentage points to 5.9% due to operational improvements.
- EBIT was higher year-to-date despite unfavorable currency impacts and additional costs for growth initiatives.
- New financial targets were announced reflecting increased focus on profitable growth, including 3-5% average net sales growth and an EBIT margin of at least 10%.
This document provides a summary of Snam's quarterly newsletter. It discusses Snam's 2015-2018 strategic plan which will see €5.1 billion invested in Italy, including €1.3 billion in 2015. Over 60% of investments will go to transport infrastructure to support increasing gas flows toward European markets. International assets like TIGF and TAG are also seen as strategic. The 2014 financial results showed a 30.6% increase in net profit despite a 3% decline in EBIT. Snam will propose a dividend of €0.25 per share for 2015.
Similar to Varma's Interim Report 1 Jan - 30 Sep 2016 (20)
Of Varma’s investments, US equities performed best in the first half of the year. In the summer, inflation took a downward turn and interest rates reached their peak. Varma received international recognition by being ranked third in a comparison reviewing the transparency of responsible investing.
The return on Varma’s investments in January–June was 2.6 (-4.3) per cent. The value of Varma’s investments was EUR 57.4 (56.2 on 1 Jan) billion.
I början av året gav de amerikanska noterade aktierna bäst avkastning bland Varmas placeringar. Inflationen började sjunka under sommaren och räntorna toppade. Varma fick internationellt erkännande genom att knipa en tredje plats i en jämförelse om transparens i ansvarsfullt placerande.
I januari–juni avkastade Varmas placeringar 2,6 (-4,3) procent. Placeringarnas värde uppgick till 57,4 (56,2 vid årets början) miljarder euro.
Varman sijoituksista yhdysvaltalaiset osakkeet tuottivat parhaiten alkuvuonna. Kesällä inflaatio kääntyi laskuun ja korot saavuttivat huippua. Varma sai kansainvälistä tunnustusta sijoittumalla kolmanneksi vastuullisen sijoittamisen läpinäkyvyyttä arvioivassa vertailussa.
Varman sijoitukset tuottivat tammi–kesäkuussa 2,6 (-4,3) prosenttia. Varman sijoitusten arvo oli 57,4 (56,2 vuoden alussa) miljardia euroa.
This document provides a summary of Varma's interim report for the period of January 1 to September 30, 2022. Some key points:
- The return on Varma's investments was -4.9% and the value of investments was €56.4 billion. Solvency capital remained strong at €14.2 billion.
- New disability pension applications for mental health reasons increased among young women but decreased among young men. Rehabilitation applications overall declined 11% compared to the same period in 2021.
- Varma joined the Science Based Targets initiative to set emissions reduction targets and was ranked first in a study on responsible investment transparency.
Den snabba inflationen och räntehöjningarna under perioden januari–september reflekterades även i Varmas placeringars utveckling. Trots kraftiga kursreaktioner fick Varma fortfarande positiv avkastning på nästan hälften av bolagets placeringar.
Under perioden januari–september var avkastningen på Varmas placeringar -4,9 (13,5) procent. Placeringarnas värde uppgick till 56,4 miljarder euro (59,0 vid årets början).
Kiihtynyt inflaatio ja korkojen nousu heijastuivat tammi–syyskuussa Varman sijoitusten kehitykseen. Voimakkaista kurssireaktioista huolimatta edelleen lähes puolet Varman kaikista sijoituksista tuotti positiivisesti.
Sijoitusten tuotto oli tammi–syyskuussa -4,9 (13,5) prosenttia. Varman sijoitusten arvo oli 56,4 (59,0 vuoden alussa) miljardia euroa.
The return on Varma’s investments in January–June was -4.3 (10.4) per cent. The value of investments was EUR 56.7 (59.0 on 1 Jan) billion at the end of June.
Avkastningen på Varmas placeringar under perioden januari–juni var -4,3 (10,4) procent. Vid utgången av juni uppgick placeringarnas värde till 56,7 miljarder euro (59,0 vid årets början).
Varman sijoitusten tuotto oli tammi-kesäkuussa -4,3 (10,4) prosenttia. Sijoitusten arvo oli kesäkuun lopussa 56,7 (59,0 vuoden alussa) miljardia euroa.
Arbetspensionsbolaget Varmas solvens låg kvar på en stark nivå under årets första kvartal. Varmas onoterade placeringar bidrog med positiv avkastning men totalavkastningen blev negativ till följd av kursnedgången i början av året.
Työeläkeyhtiö Varman vakavaraisuus säilyi vahvana vuoden ensimmäisellä neljänneksellä. Positiivista tuottoa toivat listaamattomat sijoitukset kokonaistuoton jäädessä miinukselle alkuvuoden kurssilaskun seurauksena.
This presentation by Juraj Čorba, Chair of OECD Working Party on Artificial Intelligence Governance (AIGO), was made during the discussion “Artificial Intelligence, Data and Competition” held at the 143rd meeting of the OECD Competition Committee on 12 June 2024. More papers and presentations on the topic can be found at oe.cd/aicomp.
This presentation was uploaded with the author’s consent.
This presentation by Nathaniel Lane, Associate Professor in Economics at Oxford University, was made during the discussion “Pro-competitive Industrial Policy” held at the 143rd meeting of the OECD Competition Committee on 12 June 2024. More papers and presentations on the topic can be found at oe.cd/pcip.
This presentation was uploaded with the author’s consent.
Collapsing Narratives: Exploring Non-Linearity • a micro report by Rosie WellsRosie Wells
Insight: In a landscape where traditional narrative structures are giving way to fragmented and non-linear forms of storytelling, there lies immense potential for creativity and exploration.
'Collapsing Narratives: Exploring Non-Linearity' is a micro report from Rosie Wells.
Rosie Wells is an Arts & Cultural Strategist uniquely positioned at the intersection of grassroots and mainstream storytelling.
Their work is focused on developing meaningful and lasting connections that can drive social change.
Please download this presentation to enjoy the hyperlinks!
This presentation by OECD, OECD Secretariat, was made during the discussion “Artificial Intelligence, Data and Competition” held at the 143rd meeting of the OECD Competition Committee on 12 June 2024. More papers and presentations on the topic can be found at oe.cd/aicomp.
This presentation was uploaded with the author’s consent.
Mastering the Concepts Tested in the Databricks Certified Data Engineer Assoc...SkillCertProExams
• For a full set of 760+ questions. Go to
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This presentation by Yong Lim, Professor of Economic Law at Seoul National University School of Law, was made during the discussion “Artificial Intelligence, Data and Competition” held at the 143rd meeting of the OECD Competition Committee on 12 June 2024. More papers and presentations on the topic can be found at oe.cd/aicomp.
This presentation was uploaded with the author’s consent.
Why Psychological Safety Matters for Software Teams - ACE 2024 - Ben Linders.pdfBen Linders
Psychological safety in teams is important; team members must feel safe and able to communicate and collaborate effectively to deliver value. It’s also necessary to build long-lasting teams since things will happen and relationships will be strained.
But, how safe is a team? How can we determine if there are any factors that make the team unsafe or have an impact on the team’s culture?
In this mini-workshop, we’ll play games for psychological safety and team culture utilizing a deck of coaching cards, The Psychological Safety Cards. We will learn how to use gamification to gain a better understanding of what’s going on in teams. Individuals share what they have learned from working in teams, what has impacted the team’s safety and culture, and what has led to positive change.
Different game formats will be played in groups in parallel. Examples are an ice-breaker to get people talking about psychological safety, a constellation where people take positions about aspects of psychological safety in their team or organization, and collaborative card games where people work together to create an environment that fosters psychological safety.
Suzanne Lagerweij - Influence Without Power - Why Empathy is Your Best Friend...Suzanne Lagerweij
This is a workshop about communication and collaboration. We will experience how we can analyze the reasons for resistance to change (exercise 1) and practice how to improve our conversation style and be more in control and effective in the way we communicate (exercise 2).
This session will use Dave Gray’s Empathy Mapping, Argyris’ Ladder of Inference and The Four Rs from Agile Conversations (Squirrel and Fredrick).
Abstract:
Let’s talk about powerful conversations! We all know how to lead a constructive conversation, right? Then why is it so difficult to have those conversations with people at work, especially those in powerful positions that show resistance to change?
Learning to control and direct conversations takes understanding and practice.
We can combine our innate empathy with our analytical skills to gain a deeper understanding of complex situations at work. Join this session to learn how to prepare for difficult conversations and how to improve our agile conversations in order to be more influential without power. We will use Dave Gray’s Empathy Mapping, Argyris’ Ladder of Inference and The Four Rs from Agile Conversations (Squirrel and Fredrick).
In the session you will experience how preparing and reflecting on your conversation can help you be more influential at work. You will learn how to communicate more effectively with the people needed to achieve positive change. You will leave with a self-revised version of a difficult conversation and a practical model to use when you get back to work.
Come learn more on how to become a real influencer!
Carrer goals.pptx and their importance in real lifeartemacademy2
Career goals serve as a roadmap for individuals, guiding them toward achieving long-term professional aspirations and personal fulfillment. Establishing clear career goals enables professionals to focus their efforts on developing specific skills, gaining relevant experience, and making strategic decisions that align with their desired career trajectory. By setting both short-term and long-term objectives, individuals can systematically track their progress, make necessary adjustments, and stay motivated. Short-term goals often include acquiring new qualifications, mastering particular competencies, or securing a specific role, while long-term goals might encompass reaching executive positions, becoming industry experts, or launching entrepreneurial ventures.
Moreover, having well-defined career goals fosters a sense of purpose and direction, enhancing job satisfaction and overall productivity. It encourages continuous learning and adaptation, as professionals remain attuned to industry trends and evolving job market demands. Career goals also facilitate better time management and resource allocation, as individuals prioritize tasks and opportunities that advance their professional growth. In addition, articulating career goals can aid in networking and mentorship, as it allows individuals to communicate their aspirations clearly to potential mentors, colleagues, and employers, thereby opening doors to valuable guidance and support. Ultimately, career goals are integral to personal and professional development, driving individuals toward sustained success and fulfillment in their chosen fields.
XP 2024 presentation: A New Look to Leadershipsamililja
Presentation slides from XP2024 conference, Bolzano IT. The slides describe a new view to leadership and combines it with anthro-complexity (aka cynefin).
This presentation by OECD, OECD Secretariat, was made during the discussion “Competition and Regulation in Professions and Occupations” held at the 77th meeting of the OECD Working Party No. 2 on Competition and Regulation on 10 June 2024. More papers and presentations on the topic can be found at oe.cd/crps.
This presentation was uploaded with the author’s consent.
This presentation by Professor Alex Robson, Deputy Chair of Australia’s Productivity Commission, was made during the discussion “Competition and Regulation in Professions and Occupations” held at the 77th meeting of the OECD Working Party No. 2 on Competition and Regulation on 10 June 2024. More papers and presentations on the topic can be found at oe.cd/crps.
This presentation was uploaded with the author’s consent.
This presentation by OECD, OECD Secretariat, was made during the discussion “Pro-competitive Industrial Policy” held at the 143rd meeting of the OECD Competition Committee on 12 June 2024. More papers and presentations on the topic can be found at oe.cd/pcip.
This presentation was uploaded with the author’s consent.
Pro-competitive Industrial Policy – OECD – June 2024 OECD discussion
Varma's Interim Report 1 Jan - 30 Sep 2016
1. Varma’s Interim Report
1 January–30 September 2016
Varma’s investment result rose strongly into the positive
25.10.2016 | Varma's Interim Report 1 January–30 September 20161
2. Varma’s investment result rose strongly into the positive
25.10.2016 | Varma's Interim Report 1 January–30 September 20162
Market value of
investments, €
42.4 bn
Return on
investments
3.1%
Solvency capital, €
10.1 bn
Good result according to key indicators
3. The return on investments stood
at 3.1 per cent, and at the end of
September the value of
investments totalled EUR 42,440
million.
The good return on fixed income
investments and private equity
funds diversified the risk of listed
equity investments in the
investment portfolio.
Return on investments
25.10.2016 | Varma's Interim Report 1 January–30
September 2016
3
The average nominal return on investments over ten years is approx. 4.6%,
calculated in accordance with the recommendations issued by TELA.
4. Investments classified according to risk The return on fixed income
investments was 4.2%, which is
remarkable, considering the low
interest rate environment. We
increased our investments in
emerging markets.
Among equity investments (3.2%)
unlisted equities 15.4% and private
equity funds 8.1% generated the
highest returns.
The return on real estate investments
(–0.4%) was weighed down by write-
downs made in response to changes
in the renovations & market and
rental situation.
25.10.2016 | Varma's Interim Report 1 January–30 September 20164
The modified duration for all the bonds is 3.3
1 Includes accrued interest
2 The interest rate risk of fixed income investments has been reduced by using derivatives to shorten the
durations
1-9/2016 1-9/2015 1-12/2015 24 m
Return Return Return
MWR MWR MWR Vola-
€ mill. % € mill. % € mill. % € mill. % € mill. % % % % tility
15,139 36 394 1 13,292 33 12,199 30 12,268 30 4.2 -0.2 -0.4
Loan receivables 1,416 3 1,416 3 1,397 3 1,397 3 1,361 3 3.2 2.9 2.4
Bonds 11,944 28 11,304 27 10,565 26 8,835 22 8,757 21 5.7 -0.8 -0.9 3.2
Public bonds 5,037 12 3,767 9 4,438 11 3,150 8 2,653 6 4.1 -2.3 -2.5
Other bonds 6,908 16 7,537 18 6,127 15 5,685 14 6,105 15 6.8 0.4 0.4
Other money-market instruments and deposits 2 1,779 4 -12,325 -29 1,330 3 1,967 5 2,151 5 -0.5 0.5 0.5
16,851 40 15,603 37 16,836 42 17,329 43 18,465 45 3.2 1.3 8.8
Listed equities 13,348 31 12,099 29 13,037 32 13,530 33 14,938 36 1.5 -1.0 8.0 12.9
Private equity 2,654 6 2,654 6 2,658 7 2,658 7 2,617 6 8.1 9.1 7.8
Unlisted equities 850 2 850 2 1,141 3 1,141 3 909 2 15.4 9.0 21.2
3,708 9 3,708 9 3,838 9 3,838 9 3,906 9 -0.4 2.3 3.3
Direct real estates 3,033 7 3,033 7 3,315 8 3,315 8 3,313 8 -1.5 1.1 2.3
Real estate funds 675 2 675 2 522 1 522 1 593 1 4.8 10.2 9.9
6,741 16 7,054 17 6,448 16 6,769 17 6,991 17 2.5 3.4 3.5
Hedge funds 6,773 16 6,773 16 6,507 16 6,507 16 6,663 16 2.7 3.6 3.9 3.0
Commodities -19 0 293 1 -58 0 263 1 352 1
Other investments -12 0 -12 0 -1 0 -1 0 -24 0
42,440 100 26,759 63 40,413 100 40,134 99 41,630 101 3.1 1.1 4.2 5.3
Impact of derivatives 15,681 37 0 0 279 1 -336 -1
42,440 100 42,440 100 40,413 100 40,413 100 41,293 100
Risk positionRisk positionMarket Value Risk position
Market value
Market Value
Real estate investments
Other investments
30-September-2016 30-September-2015 31-December-2015
Total investments
Investment allocation at fair value
Market valueMarket value
Fixed-income investments
1
Equity investments
5. Return development since 2009: cumulative return roughly 67%, i.e. €17.4 bn
The equity markets recovered from the market upheaval early in the year: the realised financial figures
exceeded expectations
25.10.2016 | Varma's Interim Report 1 January–30 September 20165
6. Total result by quarter
25.10.2016 | Varma's Interim Report 1 January–30 September 20166
8. % Varma
Finnish
equities
European
equities US equities
Euro
government
bonds
Euro
corporate
bonds
9/2016 3.1 8.8 -3.8 7.8 6.4 6.0
2015 4.2 15.9 9.6 1.4 1.6 -0.7
Average nominal return
5 years 6.7 16.8 11.9 16.4 6.7 6.1
10 years 4.6 6.7 3.0 7.2 5.3 4.6
Since 1999 *
5.5 8.4 3.8 5.2 5.0 4.6
Average real return
5 years 5.6 15.7 10.7 15.2 5.6 5.0
10 years 3.0 5.0 1.4 5.5 3.6 2.9
Since 1999 *
3.8 6.7 2.2 3.5 3.4 3.0
*
Varma, as it is today, was founded in mid-1998, so comparison data earlier than 1999 is not available.
Finnish equities = OMX Helsinki Cap Index Euro government bonds = IBOXX Eurozone EUR (Total Return)
European equities = Stoxx 600 Total Return Index EUR Euro corporate bonds = IBOXX Corporate Overall Performance Index EUR (Total Return)
US equities= S&P500 Total Return Index
Investment returns for Varma and the markets
25.10.2016 | Varma's Interim Report 1 January–30 September 20168
Real return since
1 Jan 2016: 2.5%
9. Investments in Finland 28%, 11.5 bn €
25.10.2016 | Varma's Interim Report 1 January–30 September 20169
13. Solvency capital strengthened to EUR 10.1 billion
Solvency remained at a high level, at 31 per cent
25.10.2016 | Varma's Interim Report 1 January–30 September 201613
14. Solvency Solvency capital grew
• EUR 10,101 million
• 31.0 per cent of the
technical provisions
• 2.2 times the solvency limit
25.10.2016 | Varma's Interim Report 1 January–30 September 201614
15. We handle pension cover cost-
effectively.
We used 75 per cent of the expense
loading included in the insurance
contributions for operating expenses.
The loading profit was EUR 26
million.
Earnings-related pension insurance
companies have agreed that the
expense loading included in
insurance contributions, determined
by the common calculation principles,
will be cut by roughly 7 per cent at
the start of 2017.
Loading profit
25.10.2016 | Varma's Interim Report
1 January–30 September 2016
15
16. Current issues in customer work
The processing of pension applications is now considerably faster
The sales result in 2016 was strong
25.10.2016 | Varma's Interim Report 1 January–30 September 201616
17. 17,500 new pension decisions
Electronic pension
application
• The accuracy of the information provided is
verified immediately when filling in the
pension application
• The information is transferred directly to the
pension processing system
• Over 50% of applications are received
electronically
• The development work applied
Lean methodology
Efficient processes
• More automation
New pension processing
system
17
The processing times for making pension decisions was reduced by 10 days in January–September
25.10.2016 | Varma's Interim Report 1 January–30 September 2016
18. The customer receives a
pension decision quickly
• A decision on old-age pension is
given within a month, even within a
few days if all the information is
available.
• Varma’s processing time for
disability pension applications is
one month faster than the
competitors’.
• Earnings-related pension decisions
are given within a week.
18
60 60
46
40
47
53
2014 2015 2016
Pension application processing in days
Varma Other
25.10.2016 | Varma's Interim Report
1 January–30 September 2016
19. Major improvement in processing times for rehabilitation decisions
25.10.2016 | Varma's Interim Report 1 January–30 September 201619
26
22
17
14
0
5
10
15
20
25
30
IV/2015 I/2016 II/2016 III/2016
Rehabilitation decision: processing time (days) by quarter
The processing times are currently 10–11 days – last year the average was 36 days
20. Account transfers: Varma’s TyEL premiums written in 2012–2016
25.10.2016 | Varma's Interim Report 1 January–30 September 201620
Quality customer work & service have boosted sales – growth seen especially in mid-sized companies
Challenges in YEL sales – we are reinforcing our services for entrepreneurs
22. Varma’s CSR focus areas
25.10.2016 | Varma's Interim Report 1 January–30 September 201622
23. CSR actions in 2016
Mitigating climate change
• Climate policy for investments
published in spring: targeting a 2-
degree portfolio.
• Sustainable development equity
portfolio being built.
• Use of solar energy launched in some
properties – study on the Salmisaari
office also under way.
• Ownership policy updated.
• We published our updated Code of
Conduct, insider guidelines and
sponsorship policies.
• We published more information on
transactions that must be reported to the
Financial Supervisory Authority, including
the distribution of resources used for
client companies’ workability projects.
• We are working on our first GRI report.
Increasing transparency
• We offered a trainee position to a
Somalian asylum seeker as part of the
Hanken integration programme.
• We are seeking means of supporting the
workability of entrepreneurs’ together with
Demos Helsinki.
Supporting diversity and
entrepreneurship
23 25.10.2016 | Varma's Interim Report 1 January–30 September 2016
Varma’s office was granted the Green Office logo