At the end of February 2018, all the major European banks published information on the impact of the implementation of the new standard IFRS 9. IFRS 9 introduces numerous changes (classification, impairment, hedging, etc.).
Our previous report, published last year, called on leading entities to take a cautious approach in 2016, in particular because of the state of order books at the end of 2015.
This caution has been confirmed by a year that saw the consolidation of business by leading construction companies: a decrease in activity and a slight margin improvement, reflecting a refocus on core business activities and greater selectivity.
Der vorliegende Status-Report des Deutschen Netzwerks des UN Global Compact, der in Zusammenarbeit mit dem Arbeitskreis deutscher Aufsichtsrat e.V. und Mazars entstanden ist, beschreibt die aktuelle Auseinandersetzung von Aufsichtsräten mit dem CSR-Richtlinie-Umsetzungsgesetz (CSR-RUG). Inwieweit sind Aufsichtsräte über ihre Prüfpflicht informiert, wie interpretieren sie diese und wie sieht die Umsetzung aus? Die Studie vermittelt erstmals ein Bild von dem Umgang mit dem neuen Gesetz in deutschen Aufsichtsräten.
In 2016, real estate investment in Europe fell by 9% by comparison with 2015 to €230 billion, but the listed real estate companies in our sample nevertheless achieved excellent financial performances.
Setting the right corporate tone from the top is seen as by far and away the most effective way to influence the culture in today’s businesses. Lead by example, and others will follow that lead. But research among European company board directors reveals that this belief is not being reinforced by action on how their businesses behaves.
Whether it’s a local company or a major global entity, the valuation of a construction business is often estimated on the basis of multiples of earnings, and therefore essentially founded on a short-term outlook. However, businesses strategies with a long-term vision, such as innovation, energy, concessions and acquisitions are not taken fully into account in valuations. If valuers took a long-term view, through using other valuation methods that make it easier to understand these strategies, would this have an influence on how these firms are valued?
Mazars is pleased to promote the 2017 edition of the Global Ecommerce report devised by the Ecommerce Foundation, together with the Global Ecommerce Association, gathering +40 local ecommerce association.
Africa’s decisive transformation is gaining speed, driven by entrepreneurship and innovation. By giving increased access to new ideas, knowledge and technologies, the digital revolution is playing a key role in the emergence of innovation on the continent.
2016 proved to be another sensational year for the global e-commerce industry, with an estimated $2,671 billion in online sales. E-commerce undeniably opens the door to a wealth of competitive advantages and opportunities, but what are the RISKS involved and how are companies managing them?
It is obvious that 2015 marked a slight recovery for our sample of major construction groups with an upturn in business and improved operating margins. Growth continues at both sectoral and geographic levels, with a boost in the energy and services sector and growth in business outside of Europe. However, companies are still affected by developments in their domestic markets, as can be seen in France, where construction groups are impacted by a still-sluggish home market.