Spring DIRK Trend Indicator, Spring 2014

Transcription

1 Spring 2014 DIRK Trend Indicator, Spring 2014

2 Survey details Half-yearly survey of IR professionals (DIRK members) Internet-based written survey from to Basis: 304 DIRK members (2-2013: 288) Responses: 84= 28% (2-2013: 31%) Broken down by indices, the responses came from: - 12 DAX companies (= 4 of all DAX-listed companies) - 17 MDAX companies (= 34% of all MDAX-listed companies) - 9 TecDAX companies (= 3 of all TecDAX-listed companies) - 14 SDAX companies (= 28% of all SDAX-listed companies) - 31 companies that are not part of a selection index 64% of all the companies to have responded belong to the Prime Standard segment DIRK Trend Indicator, Spring

3 Survey details Half-yearly survey of IR professionals (CIRA members) Internet-based written survey from to Basis: 61 CIRA members Responses: 21=34% (2-2013: 25%) Half-yearly survey of IR professionals (IR Club members) Internet-based written survey from to Basis: 66 SIRV members Responses: 20=3 (2-2013: 24%) DIRK Trend Indicator, Spring

4 Spring 2014 Trend Indicator RESULTS Main survey DIRK Trend Indicator, Spring 2014

5 The companies economic situation in Germany and Austria is seen more positive in the future By country left-hand bar: assessment of current situation; right-hand bar: assessment of future situation 10 6,0 8,3 9,5 4,8 5,0 15,0 53,6 41,7 42,9 42, Worse Unchanged 4 Better 2 40,5 50,0 47,6 52,4 45,0 40,0 current future current future current future DIRK Trend Indicator, Spring

6 Assessment of current situation of companies in Germany from year to year Assessment of current situation ,9 48,6 38,6 38,0 62,4 20,8 39,6 7,8 6,0 7,9 18,6 30,7 39,4 75,4 19,0 44,6 10,5 52,3 22,7 24,4 46,4 56,4 11,4 45,5 6,0 53,6 Worse Unchanged Better 2 35,5 23,4 25,5 12,1 39,6 52,8 61,4 36,4 37, ,9 19,2 43,2 40,5 DIRK Trend Indicator, Spring

7 Assessment of current situation of companies in Switzerland from year to year Assessment of current situation 10 9,5 11,1 19,0 4,3 3,3 5,0 32,0 19,0 38,1 50,0 57,1 52,2 60,0 50,0 Worse Unchanged 4 68,0 71,4 38,1 Better 2 38,9 43,5 36,7 45,0 23,8 23, DIRK Trend Indicator, Spring

8 Assessment of current situation of companies in Austria from year to year Assessment of current situation 10 19,0 3,6 5,3 6,7 9,5 39,4 46,4 56,3 63,2 54,5 53,3 42,9 Worse Unchanged 4 81,0 Better 60,6 2 50,0 43,8 31,6 45,5 40,0 47, DIRK Trend Indicator, Spring

9 Assessment of current situation of companies in Germany - Indices Assessment of current situation 10 6,0 11,1 6,5 52,9 53,6 64,3 51,6 50,0 55,6 4 Worse Unchanged Better 2 40,5 33,3 47,1 33,3 35,7 41,9 Total DAX MDAX TecDAX SDAX No Index DIRK Trend Indicator, Spring

10 Assessment of current situation of companies in Germany - Industries Assessment of current situation 10 6,0 53,6 50,0 55,6 46,2 66,7 75,0 4 worse the same better 66,7 2 40,5 50,0 44,4 53,8 33,3 25,0 Total Financial Services Software Industrial Technology Chemicals Consumer DIRK Trend Indicator, Spring

11 Assessment of future situation of companies in Germany from year to year Assessment of future situation 10 7,2 27,5 10,1 4,2 6,0 6,9 20,7 7,0 25,8 19,2 6,8 8,3 54,3 48,9 46,8 41,5 38,1 39,6 53,5 40,9 41,7 4 46,4 50,4 46,4 44,9 Worse Unchanged Better 2 38,4 26,1 40,4 43,2 54,2 56,0 53,5 28,9 39,5 27,8 35,9 52,3 50,0 10, DIRK Trend Indicator, Spring

12 Assessment of future situation of companies in Switzerland from year to year Assessment of future situation 10 9,5 14,3 3,3 15,0 56,0 47,6 53,3 57,1 72,2 61,9 78,3 45,0 Worse Unchanged 4 Better 47,6 2 44,0 33,3 27,8 23,8 21,7 43,3 40,0 4, DIRK Trend Indicator, Spring

13 Assessment of future situation of companies in Austria from year to year Assessment of future situation 10 6,1 4,8 6,7 4,8 21,4 26,3 48,5 28,6 33,3 42,9 4 50,0 75,0 52,6 72,7 Worse Unchanged Better 2 45,5 66,7 60,0 52,4 28,6 25,0 21,1 27, DIRK Trend Indicator, Spring

14 Assessment of future situation of companies in Germany - Indices Assessment of future situation 10 8,3 11,8 11,1 6,5 29,0 41,7 29,4 44,4 57,1 4 75,0 Worse Unchanged Better 2 50,0 58,8 44,4 42,9 64,5 8,3 Total DAX MDAX TecDAX SDAX No Index DIRK Trend Indicator, Spring

15 Assessment of future situation of companies in Germany - Industries Assessment of future situation 10 8,3 7,7 41,7 33,3 33,3 38,5 50,0 50,0 33,3 4 worse the same better 66,7 2 50,0 50,0 53,8 50,0 50,0 50,0 Total Financial Services Software Industrial Technology Chemicals Consumer DIRK Trend Indicator, Spring

16 Economic assessment shows decline for the future Assessment of current prospect Assessment of future prospects The indicator currently stands at 35 points in Germany, which represents a rise of 3 points compared to autumn The future indicator stands at 42 points in Germany. It decreases 4 points compared to autumn DIRK Trend Indicator, Spring

17 Current sell-side analyst coverage By country 10 1,2 10,7 4,8 5,0 19,0 19,0 25,0 > ,6 30, ,4 23,8 5,0 1-5 No cov. 2 26,2 35,0 23,8 Median 4, DIRK Trend Indicator, Spring

18 Current sell-side analyst coverage in Germany Comparison of surveys from 2009 to ,8 1,4 2,1 3,0 2,0 1,7 1,2 1,0 1,3 1,2 4,9 8,2 6,8 9,4 6,7 10,7 10,3 11,6 10,7 13,9 11,3 14,8 15,9 15,1 17,2 14,0 17,5 14,1 15,1 19,0 14,9 17,6 27,0 19,2 22,7 20,1 20,1 21,5 20,6 23,3 22,8 11,3 18,4 18,8 11,9 17,4 16,5 19, ,2 21,4 18,8 38,0 > No cov. 2 31,2 28,8 37,3 21,8 28,9 27,9 33,0 24,4 30,7 26,2 11,3 11,5 3,6 5,0 3,0 5,0 5,8 5,8 3,1 4,5 4, DIRK Trend Indicator, Spring

19 Current sell-side analyst coverage in Switzerland Comparison of surveys from 2010 to ,0 24,0 32,0 24,0 14,3 38,1 23,8 14,3 8,0 4,8 14,3 4,0 4,8 9,5 9,5 23,8 33,3 22,2 19,0 38,9 11,1 11,1 23,8 28,6 19,0 14,3 4,8 4,3 4,3 30,4 34,8 17,4 8,7 3,3 5, ,0 36,7 23,3 25,0 30,0 5,0 35,0 > No cov. DIRK Trend Indicator, Spring

20 Current sell-side analyst coverage in Austria Comparison of surveys from 2010 to ,1 4,8 7,1 6,3 15,8 9,1 6,7 4,8 24,2 28,6 17,9 18,8 9,1 26,7 19,0 > ,1 42,4 14,3 38,1 25,0 28,6 31,3 25,0 26,3 42,1 27,3 18,2 26,7 26,7 28,6 23, No cov. 2 36,4 15,2 14,3 21,4 18,8 15,8 13,3 23, DIRK Trend Indicator, Spring

21 Current sell-side analyst coverage in Germany - Indices 10 1,2 10,7 19,0 8,3 58,3 64,7 22,2 11,1 22,2 28,6 6,5 16,1 > ,4 57,1 64, No cov. 2 26,2 33,3 35,3 44,4 14,3 12,9 4,8 Total DAX MDAX TecDAX SDAX No Index DIRK Trend Indicator, Spring

22 Current sell-side analyst coverage in Germany - Industries ,2 10,7 11,1 23,1 11,1 33,3 19,0 11,1 30,8 50,0 22,2 100,0 21,4 66,7 23,1 33,3 33,3 26,2 23,1 11,1 4,8 Total Financial Software Industrial Technology Chemicals Consumer > No cov. DIRK Trend Indicator, Spring

23 Investor appointments By country 10 26,2 47,6 40 increase remain unchanged 4 66,7 47,6 55 decrease 2 7,1 4,8 5,0 DIRK Trend Indicator, Spring

24 Investor appointments in Germany Comparison of surveys from 2009 to ,0 42,4 43,7 35,8 39,6 35,5 32,6 29,9 34,6 29,5 26,2 increase 48,9 remain unchanged 4 53,2 50,7 60,4 57,4 57,9 62,8 61,9 56,4 63,6 66,7 decrease 2 24,1 4,4 5,6 3,8 6,6 8,2 9,0 3,0 4,7 6,8 7, DIRK Trend Indicator, Spring

25 Investor appointments in Switzerland Comparison of surveys from 2010 to ,1 40,0 28,6 38,1 33,3 26,1 46,7 40,0 increase 77,8 remain unchanged ,4 47,6 61,9 69, decrease 2 4,0 14,3 11,1 4,8 4,3 3,3 5, DIRK Trend Indicator, Spring

26 Investor appointments in Austria Comparison of surveys from 2010 to ,4 57,1 39,3 31,3 52,6 27,3 33,3 47,6 increase remain unchanged ,6 42,9 57,1 62,5 42,1 72,7 66,7 47,6 decrease 3,6 6,3 5,3 4, DIRK Trend Indicator, Spring

27 Contacts regarding the study Bernhard Wolf Global Head of Investor Relations, GfK SE Nordwestring Nürnberg Tel Fax Kay Bommer Geschäftsführer DIRK Deutscher Investor Relations Verband Reuterweg Frankfurt Tel. +49 (0) Fax +49 (0) DIRK Trend Indicator, Spring