|
![]() |
DASSAULT AVIATION 03-05-2010 : DASSAULT AVIATION : Dassault Falcon Service riceve il Platinum Award EBAA per la sicurezza dei voli Copyright (C) Hugin |
|
Dassault Falcon Service riceve il Platinum Award EBAA per la sicurezza dei voli(Ginevra, Svizzera, 2 maggio, 2010) - Dassault Falcon Service (DFS) ha ricevuto oggi il Platinum Award per la sicurezza dei voli conferito dall EBAA (European Business Aviation Association) . Questo riconoscimento premia ogni anno le società membri i cui aerei d affari hanno volato per 50 anni o per 100 . 000 ore senza incidenti . Dassault Falcon Service mette a disposizione sei jet d affari Falcon per il servizio charter dalla sua base, situata all aeroporto di Le Bourget, poco lontano da Parigi . "Siamo particolarmente fieri del risultato raggiunto . Ci vuole un impegno costante e a lungo termine incentrato su standard elevati e una formazione continua per ottenere un risultato di sicurezza di questa portata", ha dichiarato Yves Gueyffier, presidente di Dassault Falcon Service . "The ultimate goal is the comfort and confidence of all the clients that we fly everyday . " The award was presented on the eve of the 10th Annual European Business Aviation Conference and Exhibition (EBACE) in Geneva, Switzerland . In addition to charter and FBO services, DFS is one of the leading maintenance, repair and overhaul facilities in Europe . The facility offers scheduled and unscheduled maintenance on all Falcons through all levels of inspections . It is part of Dassault Falcon s service center network which has 37 locations: 27 Authorized Service Centers, five company-owned Service Centers and five company-owned Satellite Service Centers . The network is supported by 11 spare parts distribution centers strategically located around the world and a Technical Center spanning three time zones which provide 24/7 support to Falcon operators . Dassault Falcon Service (formerly Europe Falcon Service) was set up at the Paris Air Show in 1967 and is a subsidiary of Dassault Aviation . Today, Dassault Falcon Service operates and charters a large range of Falcons from its base at Paris - Le Bourget Airport, France . In addition, Dassault Falcon Service is the largest service-center dedicated to Falcons in the world and as such, part of the worldwide network of the factory-owned Dassault Falcon Service Centers . Press ContactsDassault Falcon ServiceSéverine MondyOffice: + 33 1 49 34 20 26 - Cell: + 33 6 08 22 89 92EBACE Booth N°227Dassault Aviation (France)Vadim Feldzer Tel . +33 1 47 11 44 13 Marie-Alexandrine Munoz Tel . +33 1 47 11 64 23Copyright Hugin Questo comunicato é distribuito da Hugin . L emittente è l unico responsabile per il contenuto del comunicato . [CN#165907] |
![]() |
LECTRA 30-04-2010 : LECTRA : Disponibile la relazione finanziaria 1trim 2010 Copyright (C) Hugin |
|
Parigi, 29 aprile 2010 - Lectra comunica agli azionisti, in conformità con l Articolo 221-4-IV del regolamento generale dell Autorité des marchés financiers, che la relazione e l analisi della situazione finanziaria ed economica per il primo trimestre 2010 è disponibile sul sito web della società : www . lectra . com . Su richiesta è inoltre disponibile presso la sede della società , 16-18 rue Chalgrin, 75016 Parigi (Sylvie de Toni : tel : +33 (0)1 53 64 42 22 ; fax : +33 (0)1 53 64 43 12 ;email : s . detoni@lectra . com ) . Copia del documento è stata depositata presso l AMF . About Lectra:With nearly 1,400 employees worldwide, Lectra is the world leader in software, CAD/CAM equipment and related services specially created for large-scale users of textiles, leather and industrial fabrics . Lectra serves a broad array of major global markets including the fashion (apparel, accessories, and footwear), automotive (car seats and interiors, airbags), and furniture industries, as well as a wide variety of other sectors, such as the aeronautical and marine industries, wind energy, etc . Lectra (code ISIN FR0000065484) is listed on Euronext Paris (compartment C) . lectra . comWorld Headquarters & siège social : 16 - 18, rue Chalgrin - 75016 Paris - FranceTél . +33 (0)1 53 64 42 00 - Fax +33 (0)1 53 64 43 00Société Anonyme au capital de E27 640 648 - RCS Paris B 300 702 305Copyright Hugin Questo comunicato é distribuito da Hugin . L emittente è l unico responsabile per il contenuto del comunicato . [CN#165748] |
![]() |
LECTRA 30-04-2010 : LECTRA : I risultati finanziari 1trim 2010 superano decisamente le aspettative Copyright (C) Hugin |
|
- Ordini di nuovi sistemi: E17 . 3 milioni (+68%)- Proventi: E43 milioni (+15%)(*)- Ricavi da attività di gestione: E2 . 3 milioni- Utile netto: E1 . 2 milioni- Free Cash Flow: E5 milioni(*) su base comparabile
|
![]() |
SCOR 29-04-2010 : SCOR : Assemblea generale combinata SCOR adotta tutte le risoluzioni proposte Copyright (C) Hugin |
|
Comunicato stampa28 aprile 2010Per ulteriori informazioni contattare:Sylvain Fort / Géraldine Fontaine +33 (0)1 46 98 73 17Communications and Public AffairsAntonio Moretti +44 (0) 203 207 8562Investor Relations DirectorAssemblea generale combinata SCOR adotta tutte le risoluzioni proposteAll assemblea generale combinata di SCOR SE, tenutasi in data odierna a Parigi a La Défense e presieduta da Denis Kessler, sono state approvate tutte le risoluzioni . Il risultato di ogni votazione è di seguito esposto:Per quanto riguarda l assemblea ordinaria:1 . Approvazione del bilancio d esercizio per l esercizio chiuso il 31 dicembre 2009 - risoluzione approvata con il 100% dei voti;2 . Attribuzione degli utili e determinazione del dividendo per l esercizio fiscale chiuso il 31 dicembre 2009 - risoluzione approvata con il 99,9% dei voti;3 . Option for the payment of the dividend in shares - resolution approved by 95 . 1% of the votes;4 . Approval of the consolidated accounts for the fiscal year ended 31 December 2009 - resolution approved by 100% of the votes;5 . Approval of the agreements referred to in the Statutory Auditors special report pursuant to Article L . 225-38 of the French Commercial Code - resolution approved by 99 . 1% of the votes;6 . Directors attendance fees - resolution approved by 99 . 6% of the votes;7 . Appointment of Ms . Monica Mondardini as director of the Company - resolution approved by 99 . 8% of the votes;8 . Authorization granted to the Board of Directors to carry out transactions on the shares of the Company - resolution approved by 99 . 8% of the votes;9 . Powers of attorney to carry out formalities - resolution approved by 99 . 9% of the votes;Concerning the extraordinary shareholders meeting:10 . Delegation of authority granted to the Board of Directors in the context of the provisions of Article L . 225-129-2 of the French Commercial Code, for the purpose of deciding on the incorporation of profits, reserves or premiums into the share capital - resolution approved by 99 . 8% of the votes;11 . Delegation of authority granted to the Board of Directors in accordance with the provisions of Article L . 225-129-2 of the French Commercial Code, for the purpose of deciding on the issuance of shares and/or of securities granting access to capital or giving entitlement to a debt instrument, without cancellation of preferential subscription rights - resolution approved by 99 . 3% of the votes;12 . Delegation of authority granted to the Board of Directors in accordance with the provisions of Article L . 225-129-2 of the French Commercial Code, for the purpose of deciding on the issuance, in the context of a public offering, of shares and/or of securities granting access to capital or entitling the holder to a debt instrument, with cancellation of preferential subscription rights - resolution approved by 90 . 6% of the votes;13 . Delegation of authority granted to the Board of Directors in accordance with the provisions of Article L . 225-129-2 and L . 225-136 of the French Commercial Code, for the purpose of deciding on the issuance, in the context of an offer as described by paragraph II of Article L . 411-2 of the French Monetary and Financial Code, of shares and/or of securities granting access to capital or entitling the holder to a debt instrument, with cancellation of preferential subscription rights - resolution approved by 85% of the votes;14 . Delegation of authority granted to the Board of Directors for the purpose of deciding on the issuance of shares and/or securities granting access to the Company s capital or entitling the holder to a debt instrument, as remuneration for shares contributed to the Company in the context of any public exchange offer launched by the Company - resolution approved by 89 . 6% of the votes;15 . Delegation granted to the Board of Directors for the purpose of the issuance of shares and/or securities granting access to the Company s capital or entitling the holder to a debt instrument, as remuneration for shares contributed to the Company in the context of contributions in kind up to a limit of 10% of its share capital - resolution approved by 90 . 3% of the votes;16 . Authorization granted to the Board of Directors for the purpose of increasing the number of shares in the event of a share capital increase with or without preferential subscription rights - resolution approved by 90 . 6% of the votes;17 . Delegation of authority granted to the Board of Directors for the purpose of issuing securities granting access to the Company s share capital, with cancellation of preferential shareholder subscription rights, reserved for one category of entities, ensuring the underwriting of the Company s equity securities - resolution approved by 94 . 1% of the votes;18 . Authorization granted to the Board of Directors for the purpose of reducing the share capital through the cancellation of treasury shares - resolution approved by 99 . 5% of the votes;19 . Authorization granted to the Board of Directors in order to grant options to subscribe to and/or purchase shares in favour of salaried employees and executive directors (dirigeants-mandataires sociaux) - resolution approved by 75 . 2% of the votes;20 . Authorization granted to the Board of Directors in order to freely allocate ordinary shares of the Company to salaried employees and executive directors (dirigeants-mandataires sociaux) - resolution approved by 72 . 8% of the votes;21 . Delegation of authority to the Board of Directors in order to carry out an increase in share capital through the issuance of shares reserved for the members of savings plans (plans d épargne), with cancellation of preferential subscription rights to the benefit of such members - resolution approved by 99 . 6% of the votes;22 . Aggregate ceiling of the capital increases - resolution approved by 99 . 8% of the votes;23 . Modifications to the rules governing the expiry of the mandates of members of the Board of Directors and corresponding modification of Articles 10-I and 17 of the Company s by-laws - resolution approved by 94 . 4% of the votes;24 . Modifications to the rules governing the expiry of the mandates of the Chairman of the Board of Directors, of the Chief Executive Officer (Directeur Général) and of the Deputy Chief Executive Officer or Officers (Directeurs Généraux Délégués) and corresponding modification of Articles 14 and 16 of the Company s by-laws - resolution approved by 94 . 9% of the votes;25 . Powers of attorney for the completion of formalities - resolution approved by 99 . 9% of the votes . ** *Concerning the appointment of Madame Mondardini:Monica Mondardini was appointed by the Shareholders Meeting of 28 April 2010 to the Company s Board of Directors as an independent Director . The Board of Directors considers that the recognised experience of Monica Mondardini in the field of insurance, along with her diverse professional background and her broad international experience, will be a valuable addition in terms of skills and will provide a new perspective to the governance of the Group . Denis Kessler, Chairman and Chief Executive Officer of SCOR, commented: "I am very happy that all of the resolutions proposed at the AGM were accepted by our shareholders . These resolutions guarantee optimized governance ahead of the significant challenges our Group will have to face . I would also like to thank Monica Mondardini for accepting this proposed appointment . Her education, varied professional experience and European vision will be valuable assets for our Board of Directors . "BiographyBorn on 26 September 1960 in Cesena (Italy), Monica Mondardini holds a degree in Economic and Statistical Sciences from the University of Bologna . Her first professional experience was in publishing, first with the Fabbri group, then with Hachette, where she became Director of the "High-quality illustrated books" division based in Paris . In 1998 she joined the Generali group as Managing Director of Europ Assistance in Paris . Two years later she returned to Italy to join the headquarters of the Generali group, taking responsibility for the Planning and Control department . In 2001 she left Trieste for Madrid, where she held the post of Managing Director of Generali Espana . In 2008 she became the new Managing Director of Gruppo Editoriale L Espresso S . p . A . ** *Forward-looking statementsSCOR does not communicate "profit forecasts" in the sense of Article 2 of (EC) Regulation n°809/2004 of the European Commission . Thus, any forward-looking statements contained in this communication should not be held as corresponding to such profit forecasts . Information in this communication may include "forward-looking statements", including but not limited to statements that are predictions of or indicate future events, trends, plans or objectives, based on certain assumptions and include any statement which does not directly relate to a historical fact or current fact . Forward-looking statements are typically identified by words or phrases such as, without limitation, "anticipate", "assume", "believe", "continue", "estimate", "expect", "foresee", "intend", "may increase" and "may fluctuate" and similar expressions or by future or conditional verbs such as, without limitations, "will", "should", "would" and "could . " Undue reliance should not be placed on such statements, because, by their nature, they are subject to known and unknown risks, uncertainties and other factors, which may cause actual results, on the one hand, to differ from any results expressed or implied by the present communication, on the other hand . Please refer to SCOR s Document de référence filed with the AMF on 3 March 2010 under number D . 10-00085 (the "Document de référence"), for a description of certain important factors, risks and uncertainties that may affect the business of the SCOR Group . As a result of the extreme and unprecedented volatility and disruption of the current global financial crisis, SCOR is exposed to significant financial, capital market and other risks, including movements in interest rates, credit spreads, equity prices, and currency movements, changes in rating agency policies or practices, and the lowering or loss of financial strength or other ratings . Copyright Hugin Questo comunicato é distribuito da Hugin . L emittente è l unico responsabile per il contenuto del comunicato . [CN#165619] |
![]() |
SCOR 29-04-2010 : SCOR : Gli azionisti SCOR approvato l opzione per il pagamento del dividendo 2009 in azioni SCOR Copyright (C) Hugin |
|
Comunicato stampa28 aprile 2010Per ulteriori informazioni contattare:Sylvain Fort / Géraldine Fontaine +33 (0)1 46 98 73 17Communications and Public AffairsAntonio Moretti +44 (0) 203 207 8562Investor RelationsGli azionisti SCOR approvato l opzione per il pagamento del dividendo 2009 in azioni SCORGli azionisti della SCOR SE ("SCOR" o la "Società "), riuniti in sessione ordinaria e straordinaria presso la sede legale della Società , hanno approvato con il 99,9% dei voti la distribuzione di un dividendo di EUR 1 per azione per l esercizio fiscale 2009, e hanno deciso con il 95,10% dei voti che ogni azionista avrà la possibilità di scegliere tra il pagamento di un dividendo in contanti o in nuove azioni da emettere; questa opzione si riferisce al totale del dividendo spettante a ogni azionista . The issuance price of the new ordinary shares to be issued in payment of the dividend has been set at EUR 15 . 96 corresponding to the volume-weighted average price of SCOR share quoted on Euronext Paris during the twenty trading days which have preceded the date of the General Shareholders Meeting, less the dividend net amount, reduced by a discount of 10% and rounded up to the nearest cent . The coupon date is set at May 12, 2010 . Shareholders wishing to opt for payment of the dividend in shares can file their request with their financial establishments from May 12, 2010 to June 2, 2010 inclusive . The shareholders will receive the payment of their dividend in cash or the delivery of shares, as applicable, on June 15, 2010 . Any shareholder that has not exercised his option by June 2, 2010 shall only be entitled to receive the dividend in cash . The new ordinary shares thereby issued shall be of same category than existing shares, shall entitle the holder to all benefits as of January 1, 2010 and shall entitle the holder to any distribution approved from the issuance date . Considering the maximum total amount of the dividend and of the issuance price of the new ordinary shares, the theoretical number of new shares (not taking into account applicable social and/or tax contributions) likely to be issued is 11,642,099 . If the amount of the dividend to which a shareholder is entitled does not correspond to a whole number of shares, such shareholder may obtain the immediately higher number of shares by paying, on the date on which the option is exercised, the difference in cash or, inversely, obtain the immediately lower number of shares together with the balance in cash . ** *DISCLAIMER:The option to receive the dividend in shares is offered within the framework, notably, of articles 4 . 1 (d) and 4 . 2 (e) of the directive 2003/71/EC (applicable on the territory of the countries which are signatories to the European Economic Area ("EEA") Agreement) as implemented in France under articles 212-4, 4° and 212-5, 5° of the General Regulations of the French Financial Markets Authority . In this respect, the present press release complies with these provisions and is released on the territory of the countries which are signatories to the EEA agreement in accordance with the provisions of article 21 of the directive 2004/109/EC, applicable on the territory of the countries which are signatories of the EEA Agreement, as implemented in France under articles 221-1 et seq . of the General Regulations of the French Financial Markets Authority . The option to receive the dividend in shares is not available to shareholders residing in jurisdictions where such option would or may require registration or approval by the local securities regulators . Shareholders residing outside of France are required to inform themselves of any local restrictions applying to them and to comply with such restrictions . SCOR reserves the right not to accept the orders received from such shareholders . In this respect, the option is notably not available to shareholders residing in Japan . It is, however, notably available to shareholders residing in the United-States, in Australia, in Canada, in Italy and in Switzerland . Shareholders are required to inform themselves of the conditions and consequences relating to such an option that may apply under local law and are encouraged, in particular, to take advice from their tax advisors in this respect . When deciding to receive a dividend in shares, shareholders are required to consider the risks associated with an investment in shares . The information relating to the Company, its share capital, its business, its strategy, its financial results and the risks it faces, is available in SCOR s 2009 Reference Document (available, as well as the information relating to 2009 dividend and the text of the resolutions submitted to the AGM of April 28, 2010, on SCOR s website www . scor . com) . The shareholders residing in Italy are expressly informed that this press release has been prepared by SCOR pursuant to Article 34-ter, paragraph 1, lett . l), of Consob Regulation n° 11971/1999 implementing Article 4 . 1 (d) of the Directive 2003/71/EC . This press release contains information regarding the offer to the shareholders of SCOR who reside in Italy to opt for the payment of the dividend in the form of shares of the same class than shares entitling to such dividend . ** *Forward-looking statementsSCOR does not communicate "profit forecasts" in the sense of Article 2 of (EC) Regulation n°809/2004 of the European Commission . Thus, any forward-looking statements contained in this communication should not be held as corresponding to such profit forecasts . Information in this communication may include "forward-looking statements", including but not limited to statements that are predictions of or indicate future events, trends, plans or objectives, based on certain assumptions and include any statement which does not directly relate to a historical fact or current fact . Forward-looking statements are typically identified by words or phrases such as, without limitation, "anticipate", "assume", "believe", "continue", "estimate", "expect", "foresee", "intend", "may increase" and "may fluctuate" and similar expressions or by future or conditional verbs such as, without limitations, "will", "should", "would" and "could . " Undue reliance should not be placed on such statements, because, by their nature, they are subject to known and unknown risks, uncertainties and other factors, which may cause actual results, on the one hand, to differ from any results expressed or implied by the present communication, on the other hand . Please refer to SCOR s Document de référence filed with the AMF on 3 March 2010 under number D . 10-00085 (the "Document de référence"), for a description of certain important factors, risks and uncertainties that may affect the business of the SCOR Group . As a result of the extreme and unprecedented volatility and disruption of the current global financial crisis, SCOR is exposed to significant financial, capital market and other risks, including movements in interest rates, credit spreads, equity prices, and currency movements, changes in rating agency policies or practices, and the lowering or loss of financial strength or other ratings . Copyright Hugin Questo comunicato é distribuito da Hugin . L emittente è l unico responsabile per il contenuto del comunicato . [CN#165627] |
![]() |
GLOBAL REPORTING INITIATIVE 29-04-2010 : GLOBAL REPORTING INITIATIVE : GRI annuncia l avvio di un sondaggio pubblico per i supplementi settoriali relativi a Construction & Real Estate ed Event Organizers Copyright (C) Hugin |
|
Amsterdam, 29 aprile 2010La Global Reporting Initiative (GRI) annuncia l apertura del sondaggio pubblico per la GRI Construction & Real Estate Sector Supplement (CRESS) e invita tutti gli interessati a presentare il proprio riscontro attraverso il sondaggio online all indirizzo http://bit . ly/deqpAp . Il 26 maggio, il primo giorno dell Amsterdam Global Conference on Sustainability and Transparency, inizierà anche il sondaggio pubblico per il supplemento settoriale Event Organizers . I supplementi di settore verranno integrati nelle linee guida G3 e forniranno indicazioni sul reporting di settori specialistici, affrontando gli aspetti particolari e unici affrontati dai vari settori . GRI Construction & Real Estate Sector SupplementThe CRESS Public Survey takes place from 29 April to 30 June 2010 . This Sector Supplement addresses specific sustainability issues that are unique to the Construction and Real Estate industry such as product and service labeling including building and materials certification, building energy intensity, water intensity and CO2 emissions related to buildings in use, management and remediation of contaminated land, labor health and safety issues when operating in insecure environments, and contractor/subcontractor labor supply chain issues . The importance of sustainability issues for this sector is reflected by the large number of reporters: GRI s 2009 reporters database contains 70 sustainability reports from Construction and Real Estate which represents 5% of all reports . "This Sector Supplement will enable Construction & Real Estate companies to better measure and report their economic, environmental, and social performance, which is an important step towards more transparency in this sector", said Ernst Ligteringen, GRI s Chief Executive . GRI Event Organizers Sector SupplementFor the Event Organizers Sector Supplement the Public Survey period is scheduled from 26 May to 4 August 2010 . The sector-specific indicators include CO2 emissions by travelling to and from an event, issues related to the development of infrastructure such as loss of biodiversity, and the impact that the proximity of an event venue can have on local communities and neighbourhoods . Participants of the 2010 Amsterdam Global Conference on Sustainability and Transparency will have the opportunity to learn more about these new GRI Sector Supplements and provide feedback during dedicated Briefing and Q&A sessions . The Event Organizers session will take place on Thursday 27 May from 14:00 to 14:30 . The Construction & Real Estate briefing is scheduled for Friday 28 May from 11:00 to 11:30 . About The Global Reporting Initiative (GRI)The Global Reporting Initiative has pioneered the development of the world s most widely used Sustainability Reporting Framework and is committed to its continuous improvement and application worldwide . This framework sets out the principles and indicators that organizations can use to measure and report their economic, environmental, and social performance . www . globalreporting . orgAbout the GRI Sector SupplementsThe GRI Sector Supplements contain tailored reporting guidance including sector specific issues that are not adequately addressed by GRI s G3 Guidelines . They are intended to help organizations produce sustainability reports that address the main sector specific impacts in an internationally comparable way . After a first Public Survey for the draft indicators, the international Working Group reviews all survey responses and incorporates the feedback using a consensus based approach . The process is finalized by a second public feedback period for the final draft version, the 90-day Public Comment . Sector Supplements currently available include the Financial Services, Electric Utilities and the recently launched Mining & Metals Supplement . www . globalreporting . org/ReportingFramework/SectorSupplements/About The Amsterdam Global Conference on Sustainability and TransparencyFrom 26 to 28 May 2010, Amsterdam will play host to the world s largest gathering of leaders, thinkers and doers in the field of sustainability reporting for the third time . This years timely theme is Rethink . Rebuild . Report . The conference will explore how to reach GRI s vision that disclosure on environmental, social, and governance performance is as mainstream as financial reporting by the year 2020 . Close to 200 speakers from business, finance, politics and civil society will share their views and debate in more than 50 sessions on how to achieve a transition to a sustainable economy . www . amsterdamgriconference . orgMedia ContactGlobal Reporting InitiativeGudrun Döhle: dohl@globalreporting . orgt: +31 (0)20 531 00 67Copyright Hugin Questo comunicato é distribuito da Hugin . L emittente è l unico responsabile per il contenuto del comunicato . [CN#165645] |
![]() |
SCOR 28-04-2010 : SCOR : SCOR registra risultati solidi e conferma la capacità del Gruppo di assorbire shock di grandi proporzioni Copyright (C) Hugin |
|
Comunicato stampa28 aprile 2010Per ulteriori informazioni contattare:Sylvain Fort / Géraldine Fontaine +33 (0)1 46 98 73 17Comunicazione e affari pubbliciAntonio Moretti +44 (0) 203 207 8562Responsabile Investor RelationsSCOR registra risultati solidi e conferma la capacità del Gruppo di assorbireshock di grandi proporzioniSCOR ha dato prova della propria capacità di ottenere risultati positivi anche in un trimestre caratterizzato da perdite elevate provocate da catastrofi naturali, dimostrandosi in grado di assorbire shock di grandi proporzioni . L aumento del rendimento degli investimenti gestiti da SCOR Global Investments (SGI) è frutto della gestione attiva del portafoglio annunciata nel luglio 2009, in occasione dell Investors Day . Key items for the first quarter of 2010:- Total gross written premiums for Q1 10 reach EUR 1 613 million, +3 . 3% compared to Q1 09 (+3 . 8% at constant exchange rates);- Net income for the first quarter of 2010 amounts to EUR 36 million, impacted by a high level of natural catastrophe losses . Earnings per share (EPS) for the first quarter of 2010 stand at EUR 0 . 20, with an Annualized Return On Equity (ROE) of 3 . 7%;- Shareholders equity increases by 5 . 1% compared to year-end 2009, reaching EUR 4 . 1 billion, with book value per share reaching EUR 22 . 89, compared to EUR 21 . 80 at 31 December 2009;- SCOR Global P&C delivers a Q1 10 combined ratio of 108 . 6%, including 20 . 2 points of natural catastrophe claims . Thanks to SCOR s improved standing in the industry and its continued momentum, SCOR Global P&C delivers strong April renewals growth (+14%), with an improvement in expected profitability in a market that remains fragmented by business segment and geographical area;- SCOR Global Life s operating margin improves to 6 . 0% compared to 4 . 5% in the first quarter of 2009;- The 2009 European Embedded Value of EUR 1 . 9 billion (or E 10 . 8 per share) is 13 . 7% higher than in 2008, demonstrating the resilience of SCOR Global Life s business model and its long-term value creation capacity;- SCOR Global Investments (SGI) maintains its "rollover" investment strategy and further reduces the Group s liquidity position to EUR 1 . 5 billion at 31 March 2010, down from EUR 1 . 7 billion at the end of December 2009 . Net Return on Invested Assets (excluding funds withhelds) reaches 3 . 9% in the first quarter 2010, compared to 2 . 7% in full year 2009 . Denis Kessler, Chairman and Chief Executive Officer of SCOR, comments: "The first quarter of 2010 confirms the Group s ability to deliver positive results thanks to its twin-engine strategy and its capacity to absorb large shocks . With an unusually high concentration of large natural catastrophes in a single quarter, the Group s positive results are supported by a strong contribution from its SCOR Global Life engine and by solid active asset management results from SCOR Global Investments . The strong SCOR Global P&C April renewals and the growth in SCOR Global Life Embedded value further confirm the strength and depth of SCOR s franchise" . The SCOR Group reports a net result of EUR 36 million in Q1 10, with book value per share of EUR 22 . 89SCOR generates a net income of EUR 36 million in Q1 10, compared to EUR 93 million in the first quarter of 2009 . Earnings per share (EPS) stand at EUR 0 . 20 compared to EUR 0 . 52 for the same period in 2009 . The Q1 10 return on equity (ROE) stands at 3 . 7%, down from 11 . 1% a year ago . The Q1 10 results were significantly affected by the heavy burden stemming from natural catastrophe losses, which had a total impact of EUR 157 million for the Group (pre-tax) . SCOR shareholders equity increases sharply by 5 . 1% to EUR 4 . 1 billion at 31 March 2010 compared to EUR 3 . 9 billion at the end of December 2009 . As a result, book value per share grows to EUR 22 . 89, compared to EUR 21 . 80 at the end of 2009 . The Group has a low debt leverage ratio of 10 . 6% at the end of March 2010 . In Q1 10, total gross written premiums for P&C and Life business reach EUR 1 613 million, representing an increase of 3 . 3% from last year (+3 . 8% at constant exchange rates) . SCOR s business model continues to deliver a positive operating cash flow of EUR 104 million as at 31 March 2010, with strong contributions from both the Life and P&C business engines . SCOR Global P&C (SGPC) is affected by an unusually high frequency of severe natural catastrophe events in the first quarter of 2010; the outcome of the April Renewals is very satisfactorySGPC gross written premiums increase by 4 . 7% (at current and constant exchange rates) to EUR 909 million in Q1 10, compared to EUR 868 million in Q1 09 . This premium volume growth is in line with the projections released at the January renewals . The net combined ratio in Q1 10 is 108 . 6%, compared to 99 . 4% in Q1 09, primarily due to the Chile and Haiti earthquakes and the European Xynthia storm natural catastrophes (EUR 95 million, EUR 20 million and EUR 35 million respectively) . The total pre-tax losses from all natural catastrophes in the quarter are estimated at EUR 156 million, which make up 20 . 2 points of the combined ratio against 9 . 2 points in the same quarter last year . Besides the major negative effect of these Nat Cat losses, the net combined ratio benefits from a positive trend on the attritional loss ratio, which is down by 0 . 6 points versus the normalized Q1 09 and by 1 . 7 points versus full-year 2009 attritional loss ratios . This trend reflects the anticipated positive impact of the dynamic management of the portfolio and of SCOR Global P&C profitability-focussed underwriting . In a stable to slightly easing overall market environment, the outcome of the April renewals is very satisfactory . The combination of the increasingly favourable perception of SCOR in the industry and the Group s momentum has enabled SGPC s teams to achieve a growth of 14% . This growth has been achieved in a selective way . Business that has been renewed or acquired shows an expected level of profitability that is still improving, but at a slower pace compared to the January renewals due to stability in Japan . Aside from cat risks, the market remains fragmented by business segment and geographical area . On the cat side, there is an underlying movement towards reduced pressure on reinsurance pricing in the Americas . SCOR Global Life (SGL) improves its operating margin to 6 . 0% in Q1 10 against 4 . 5% in Q1 09; 2009 EEV stands at EUR 1 . 9 billion, confirming the strength of the franchiseSCOR Global Life s gross written premiums for Q1 10 are largely stable at Q1 09 levels (EUR 704 million vs . EUR 693 million) . During the quarter, volumes relating to our US equity-indexed annuity (EIA) business decreased compared to Q1 09 . Gross written premiums excluding EIA grow by a robust 9 . 1%, mainly in the Critical Illness and Long-Term Care business lines . SCOR Global Life reports an operating margin of 6 . 0% for Q1 10 (compared to 4 . 5% in Q1 09), driven by both underlying technical improvements and improved investment results due to lower impairments . The traditional Life portfolio strategy of SGL has proven to be less affected by the financial crisis, and the robust 2009 EEV results (standing at EUR 1 . 9 billion - or E 10 . 8 per share - compared to EUR 1 . 7 billion for 2008 EEV) once again validate the SCOR Group s diversified business model, providing EUR 758 million of cumulative EEV earnings between 2006 and 2009, with positive contributions even at the height of the crisis in 2008 . SCOR Global Investments (SGI) continues to pursue its rollover investment strategy and to position the investment portfolio in order to benefit from interest rate increases and the expected return of inflation, whilst improving the return on its invested assets thanks to active portfolio managementTotal investments, including cash, stand at EUR 20,433 at 31 March 2010, compared to EUR 19,969 million at 31 December 2009 and EUR 19,051 million at 31 March 2009 . As of the second quarter of 2009, SCOR started an investment inflection program in order to take into account, in the medium term, the expected return of inflation, higher interest rates and a fundamentally changed economic landscape, while seizing market opportunities in the short-term . Consequently, given the steepening of the yield curves and a favourable market environment, SCOR has reduced its cash and short-term investments in order to profit from existing market opportunities and has continued to apply a fixed income rollover strategy in order to maintain the availability of significant streams of financial cash flows to invest, should interest rates suddenly spike . As a result, the Group s liquidity position reaches EUR 1 . 5 billion at 31 March 2010, compared to EUR 1 . 7 billion at 31 December 2009 and to EUR 4 . 6 billion at 31 March 2009 . At 31 March 2010, the total SCOR group investment allocation consists of fixed income (47%), funds withheld by cedants (38%), cash and short-term investments (7%), equities (4%), real estate (2%) and alternative investments (2%) . The high-quality and conservative fixed income portfolio (average rating AA) further maintains a relatively short duration of 3 . 7 years (excluding cash and short-term investments), stable compared to 3 . 6 years at year-end 2009 . Inflation-linked bonds stand at EUR 999 million at the end of March 2010 . This investment strategy, together with active portfolio management, led to net realized gains of EUR 54 million in Q1 10, improving the net return on SGI invested assets (i . e . excluding funds withheld) to 3 . 9% compared to -1 . 6% in Q1 09 . The impact of impairments is limited to EUR 12 million in Q1 10, compared to EUR 154 million in Q1 09 . Including funds withheld, the net return on investments at the end of Q1 10 stands at 3 . 4%, compared to -0 . 3% at the end of Q1 09 . ** *Key Figures (in EUR millions)
|
![]() |
SCOR 28-04-2010 : SCOR : L Embedded Value di SCOR Global Life raggiunge EUR 1.9 miliardi (EUR 10.8 per azione); ulteriore dimostrazione del dinamismo e della redditività dell azienda Copyright (C) Hugin |
|
Comunicato stampa28 aprile 2010Per ulteriori informazioni contattare:Sylvain Fort / Géraldine Fontaine +33 (0)1 46 98 73 17Communications and Public AffairsAntonio Moretti +44 (0) 203 207 8562Investor RelationsL Embedded Value di SCOR Global Life raggiunge EUR 1 . 9 miliardi (EUR 10 . 8 per azione), un ulteriore dimostrazione del dinamismo e della redditività dell aziendaSCOR Global Life presenta un forte sviluppo dello European Embedded Value (EEV) nel 2009, che dimostra ancora una volta le potenzialità di crescita del modello aziendale di SCOR Global Life e della sua capacità di creare valore nel lungo termine . Key items for SCOR Global Life 2009 EEV:- EEV growth of 13 . 7% to EUR 1 . 9 billion (EUR10 . 8 per share) compared to 1 . 7 billion in 2008, supported by a significant EEV operating profit of EUR 190 million- Substantial increase of Value of New Business to EUR 113 million up from EUR 48 million in 2008, with an improved new business margin of 5 . 2%, testifying to the strength of the franchise- SCOR Global Life operating performance results in EEV earnings of EUR 299 million, up from EUR 63 million in 2008- SCOR continues to strictly apply market-consistent valuation of EEV, using unadjusted risk-free rates and year-end implied volatilities and making a significant deduction for non-hedgeable risks- The value not recognised under IFRS increases to EUR 428 million compared to EUR 255 million in 2008, primarily driven by new business- Annualized EEV growth of 12 . 4%-1) between 2006 and 2009 validates the strong value-creation capacity of SCOR Global Life s business model(1- Before internal capital movementsGilles Meyer, Chief Executive Officer of SCOR Global Life, comments: "The strong European Embedded Value 2009 results by SCOR Global Life confirm once more the healthy business fundamentals of the portfolio, which contributed to a cumulative E 758 million of EEV earnings between 2006 and 2009, even at the height of the crisis in 2008 . The solid 2009 EEV results underpin the fact that SCOR Global Life has a very strong franchise and operates a business model uniquely positioned in the Life reinsurance market . This allows us to reiterate our strategic ambitions and deliver strong future value to the Group . "Strong underlying performance of the Life businessSCOR Global Life s 2009 EEV increases by EUR 328 million to EUR 2 030 million excluding capital movements . Including capital movements, 2009 EEV reaches EUR 1 . 934 billion in 2009 against EUR 1 . 702 million in the previous year, an increase of 13 . 7% . The return on EEV (calculated as EEV earnings divided by the opening EEV) reaches 17 . 6% in 2009 against 3 . 8% in 2008 . The EEV per share grows significantly to EUR 10 . 8 from EUR 9 . 5 in 2008 . The 2009 EEV operating profit attains EUR 190 million, up by 4 . 5% compared to the 2008 profit of EUR 182 million, despite lower expected return . The value added by new business substantially increased by EUR 65 million to EUR 113 million, mainly driven by significant growth in value of new business from existing portfolio and new clients relationships and an in-force block transaction on UK & Ireland protection business previously co-reinsured by SCOR Global Life . The new business margin is 5 . 2% versus 3 . 4% in the previous period (after tax, expenses and cost of capital) . Total EEV earnings, taking into account economic variances such as economic assumption changes and investment variances, increase by EUR 236 million to EUR 299 million, mostly benefiting from a substantial increase in Value of New Business, a strong operating performance and the rebound of the financial markets in 2009 . The EEV not recognised in IFRS equity is up by E 173 million to EUR 428 million compared to 2008, mostly due to the value of new business . ** *Details of the European Embedded Value approach used by SCOR Global Life, including analysis of Embedded Value from 2008 to 2009, as well as details of the methodology used, analysis of sensitivities to certain key parameters and reconciliation of the Embedded Value to the IFRS equity of SCOR, can be found in the document entitled "SCOR Global Life European Embedded Value 2009 - Supplementary Information" and the "SCOR Global Life" slide show presentation, both of which are available at www . scor . com . The Embedded Value has been calculated in accordance with the European Embedded Value Principles published in May 2004 and October 2005 by the CFO Forum . Towers Watson, the insurance consulting business, have been engaged to review the methodology and assumptions used and the calculations made by SCOR to determine the European Embedded Values . The scope of their review and opinion is presented in "2009 European Embedded Value - Supplementary Information" . This EEV disclosure should not be viewed as a substitute for SCOR s primary financial statements . ** *Forward-looking statementsSCOR does not communicate "profit forecasts" in the sense of Article 2 of (EC) Regulation n°809/2004 of the European Commission . Thus, any forward-looking statements contained in this communication should not be held as corresponding to such profit forecasts . Information in this communication may include "forward-looking statements", including but not limited to statements that are predictions of or indicate future events, trends, plans or objectives, based on certain assumptions and include any statement which does not directly relate to a historical fact or current fact . Forward-looking statements are typically identified by words or phrases such as, without limitation, "anticipate", "assume", "believe", "continue", "estimate", "expect", "foresee", "intend", "may increase" and "may fluctuate" and similar expressions or by future or conditional verbs such as, without limitations, "will", "should", "would" and "could . " Undue reliance should not be placed on such statements, because, by their nature, they are subject to known and unknown risks, uncertainties and other factors, which may cause actual results, on the one hand, to differ from any results expressed or implied by the present communication, on the other hand . Please refer to SCOR s Document de référence filed with the AMF on 3 March 2010 under number D . 10-00085 (the "Document de référence"), for a description of certain important factors, risks and uncertainties that may affect the business of the SCOR Group . As a result of the extreme and unprecedented volatility and disruption of the current global financial crisis, SCOR is exposed to significant financial, capital market and other risks, including movements in interest rates, credit spreads, equity prices, and currency movements, changes in rating agency policies or practices, and the lowering or loss of financial strength or other ratings . Copyright Hugin Questo comunicato é distribuito da Hugin . L emittente è l unico responsabile per il contenuto del comunicato . [CN#165544] |
borsa, quotazioni borsa, cambio valuta, quotazioni, quotazione euribor, azioni europa, euromot, euribor 3 mesi, azioni usa, tasso euribor, azioni italia, borsa italiana, reddito fisso







