Wednesday, 9 December 2020
This weekly newsletter aims to provide an overview of the response by listed Dutch companies to the COVID-19 pandemic with a focus on capital market communications. We will cover updates to outlook and guidance, financial impact, dividends, remuneration, AGMs and other relevant corporate actions. The overview includes the constituents of the AEX, AMX and, from March 26th onwards, the AScX.
JUMP TO SECTION
SECTION | AEX
AKZONOBEL 7 DECEMBER 2020
Announced it will repurchase up to EUR 300 million in shares, with completion expected in the first half of 2021.
ABN AMRO 30 NOVEMBER 2020
The Dutch bank presented the outcome of its strategy review in a virtual investor update, communicating that it aims to become a "personal bank in the digital age". ABN AMRO laid out several financial targets, which include ensuring costs do not exceed EUR 4.7 billion in 2024, reflecting EUR 700 million savings. In an effort to reach its cost savings target, it will eliminate more than 2,500 jobs by 2024. Additional targets include:
Resuming dividend pay-out ratio of 50% of reported net profit, taking into account ECB recommendations
PROSUS 23 NOVEMBER 2020
The consumer internet group and tech investor reported a 29% increase in core headline earnings to USD 2.2 billion year-on-year for the first six months in its broken financial year. It further reports a 32% increase in sales for the period, amounting to USD 12.7 billion. Prosus's strong performance was driven by significant growth in its food delivery, e-commerce and ed-tech segments. Going forward, the company plans to continue driving profitability and cash-generation in its e-commerce business, while investing further in food delivery, classifieds transactions, credit, and edtech .CEO Bob van Dijk said: "The pandemic has accelerated activity in the consumer internet space, benefitting our businesses. We have seen particularly strong growth in food delivery, online payments, etail, and edtech and, throughout the period, we continued to invest for long-term growth. Looking ahead, we will continue to look after our people and support the communities we serve through uncertain times and we are focused on emerging well from the pandemic.”
Additionally, Prosus confirmed the launch of its buyback of up to USD 1.37 billion worth of ordinary shares from its free-float shareholders, as well as USD 3.63 billion in ordinary shares from its parent company, Naspers.
ABN AMRO 11 NOVEMBER 2020
The Dutch bank announced a third quarter net profit of EUR 301 million, down 46% compared to Q3 2019. It states that net profit was slightly supported by the sale of its Paris office. The bank further reported EUR 270 million in loan impairments compared with EUR 112 last year. It expects full year impairments come in around EUR 2.5 billion, with the impact of COVID-19 carrying over into 2021. CEO Robert Swank said: "We continue to be in close dialogue with our clients as the automatic deferral of interest and principal payments has come to an end. The number of bankruptcies has been trending down since April, a result of government and other support measures. "
IMCD 11 NOVEMBER 2020
Announced an 8% growth in operating EBITA to EUR 189.9 million in the first nine months of 2020, while revenue increased slightly by 1% from EUR 2,061.0 million to EUR 2,082.3 million. Despite difficult market conditions driven by the COVID-19 pandemic, the company states that it has experienced limited impact on its business, citing positive business performance across all regions. IMCD expects further EBITA growth for full year 2020. CEO Piet van der Slikke said: “We are very pleased with these results considering the challenging market conditions that we are still facing due to the continuing COVID-19 pandemic. In addition to strong operational performance in the third quarter, we also achieved successes in the further execution of our strategy, with acquisitions in Brazil, Finland and most notably India, where we reached an agreement to acquire 70% of the shares of Signet Excipients, thus increasing our presence in the high-growth APAC region and delivering on our ambition to strengthen our global business in the distribution of pharmaceutical excipients."
ARCELORMITTAL 5 NOVEMBER 2020
The world's largest steelmaker reported Q3 results came in above expectations with EBITDA of USD 0.9 billion, a 27.4% increase compared to EUR 0.7bn in 2Q 2020. When compared with the same period in 2019, EBITDA decreased 15% primarily driven by the severe negative impact on the steel sector from the COVID-19 pandemic. In an effort to control costs, the company has announced the implementation of several actions, including the permanent closure of its blast furnace in Kraków, Poland. It expects capital expenditure for 2020 and net interest costs to remain at USD 2.4 billion and USD 0.5 billion
ING 5 NOVEMBER 2020
The Dutch banking group reported a third-quarter net profit of EUR 788 million, nearly a 50% decrease compared with EUR 1.4 billion in Q3 2019. It states that net interest income has further decline, citing margin pressure, subdued lending growth and negative impact from foreign currency. The Group further announced a new CET1 ratio ambition of around 12.5%, and a new dividend distribution policy of 50% pay-out in the form of in the form of cash or a combination of cash and share repurchases. In an effort to streamline efficiencies and simplify its geological footprint, the bank will shut down its wholesale banking offices in South America and Asia – resulting in the elimination of around 1,000 jobs. ING did not mention financial outlook in its press release.
HEINEKEN 28 OCTOBER 2020
Reported a 1.9% organic decline in beer volume for Q3 2020 across all markets as on-trade activity remains impacted in key market by measures related to COVID-19. The company further reports a total net profit of EUR 396 million for the first nine-months of the year, a 76% decrease compared with the same period last year (EUR 1.66 billion). In an effort to reduce personnel costs, the brewer will implement a restructuring program to reduce around 20% of its workforce at its head office and regional offices in Q1 2021.
KPN 28 OCTOBER 2020
The Dutch telecommunications company reported a 3.7% drop in adjusted revenue to EUR 1.3 billion in Q3 2020, compared with EUR 1.4 billion in Q3 2019. This decline is mainly driven by COVID-19 related decrease in roaming revenues and delayed IT projects in its Business segment.
“KPN plays a crucial role in keeping Dutch society connected and we continue to closely monitor COVID-19 developments. We have confidence in our ability to adjust our cost base in line with developing economic circumstances. We are proud of the flexibility and resilience of our employees who continue to deliver service to all our customers in these challenging times,” said CEO Joost Farwerck.
UNILEVER 22 OCTOBER 2020
The consumer goods company reported net sale of EUR 12.9 billion, a 2.4% decline compared to the same period last year. It further notes that Q3 2020 underlying sales were up 4.4%, primarily driven by an increase volume in home and hand hygiene products. The company has maintained its stance to refrain from providing fll-year outlook. CEO Alan Jope said: “The environment we are operating in will remain unpredictable in the near term, so we will continue to maintain the speed and agility of our response. Our focus remains volume-led competitive growth, delivering absolute profit and free cash flow.”
ASML 14 OCTOBER 2020
Announced Q3 sales came in at EUR 4 billion, exceeding guidance for the quarter. It states that it has not experienced any significant disruptions from the COVID-19 pandemic and expects Q4 revenue to come in between EUR 3.6 billion and EUR 3.8 billion. "For 2021, we expect low double-digit growth. There are of course uncertainties due to the macro environment, including the economic impact of COVID-19 and geopolitical developments. However, the secular end market drivers are still in place (such as 5G, AI and high-performance computing) which fuel demand for advanced process nodes both in Logic and Memory, requiring advanced lithography," said ASML President and CEO Peter Wennink.
JUSTEAT TAKEAWAY.COM 14 OCTOBER 2020
Reported a 46% increase in online orders for Q3 2020 compared to the same period in 2019. CEO Jitse Groen said “Order growth at Just Eat Takeaway.com further
accelerated, consequently widening the gap to competitors in our key markets. We have continued to generate strong adjusted EBITDA, while investing aggressively, and are well-positioned for autumn and winter, our traditional growth Season.” The company further states that the acquisition of GrubHub was approved by shareholders on October 7, 2020.
UNIBAIL-RODAMCO-WESTFIELD 12 OCTOBER 2020
Announced it has made an agreement with a consortium of French institutional
investors (Primonial REIM, La Française and EDF Invest) to sell the SHiFT office building in Paris for EUR 620 million. The sale is part of the EUR 9 billion RESET plan to strengthen the Group’s balance sheet.
AEGON 9 OCTOBER 2020
Announced that sale of Stonebridge, a UK-based provider of accident insurance products. The EUR 65 million divestment is intended transaction will further simplify Aegon's business profile.
POST NL 6 OCTOBER 2020
Announced that it has increased its 2020 guidance in response to strong operational performance in Q3. PostNL now expects a normalised EBIT of at least EUR 175 million. Furthermore, it will resume 2020 dividends and will increase full-time employee payment across the company by EUR 250. CEO Hans Verhagen said, “The strong performance means that this is the right time to reward the extraordinary efforts of our people since the start of the pandemic. In appreciation and recognition of their commitment and hard work, we will pay an extra amount of €250 net to our people working full time. We will discuss with parcel delivery partners and the sheltered workplace companies we work with how we can show our appreciation for the efforts of their people.
ARCELORMITTAL 5 OCTOBER 2020
Announced a cash offer to purchase all its 6.125% shares due 2025.
UNIBAIL-RODAMCO-WESTFIELD 16 SEPTEMBER 2020
Announced a five-stage “RESET” plan, which will cost EUR 9 billion, to strengthen its balance sheet and increase financial flexibility in the wake of the COVID-19 pandemic. The plan consists of a EUR 3.5 billion capital raise to reduce leverage, a EUR 4 billion asset disposal program and a further reduction of EUR 800 million in development and non-essential operating capital expenditure.
IMCD 16 SEPTEMBER 2020
Announced it has successfully raised EUR 400 million through the issuance of 4,395,604 ordinary shares at an offer price of EUR 91.00 per ordinary share. The issued shares represent 8.4% of IMCD’s issued share capital before the capital increase and 7.7% after the transaction.
AKZONOBEL 10 SEPTEMBER 2020
Reported in a Q3 market update that the impact from COVID-19 has gradually eased over recent months. It expects revenue to come in similar to Q3 2019 in constant currencies.
It states that demand has increased for Decorative Paints in Europe and South America.
KPN 7 SEPTEMBER 2020
Announced it has issued a EUR 600 million Eurobond with a 0.875% coupon maturing on 14 December 2032. The bond has been placed with a broad range of institutional investors.
ASR 26 AUGUST 2020
The Dutch insurer reported a first half-year operating result of EUR 446 million, down 3.9% compared to EUR 464 million in 2019. This decrease is primarily due to an increase in Holding costs, which includes higher interest expense. It states that it has experienced a positive impact from COVID-19 on its Property & Casualty business unit, as lockdown measures have resulted in a decrease in motor and fire claims. This positive impact was offset by a negative effect on Disability and Life, driven by an increase in claims for individual disability and sick leave. It expects full year operating result to come in around the midpoint of the levels of 2018 and 2019.
ADYEN 20 AUGUST 2020
The Dutch fintech company reported a 27% increase in net revenue to EUR 279.9 million for 1H 2020, compared with EUR 221 million in 1H 2019. These strong results were driven by merchants adapting to digital, online and contactless payments during the past six months, driven by COVID-19 pandemic. Specifically, the company saw an increased trend as customers shifted from in-store to online payment that continued following the easing of lockdown restrictions in many markets. The company states that it is continuing to grow its business, reporting 43% of new hires in tech for 1H 2020. It aims to achieve a CAGR between the mid-twenties and low thirties in the medium term.
IMCD 18 AUGUST 2020
Announced a half-year gross profit increase of 7% to EUR 332.7 million (vs EUR 312.0 million 1H 2019) and an operating EBITA increase of 7% to EUR 131.4 million (vs EUR 123.1 million 1H 2019). The chemical distributor states that operating EBITA increase by 4% in Q2 2020, driven by strong performance in the Americas and APAC. The company states that it is unable to provide a financial guidance due to uncertainties surrounding the COVID-19 pandemic.
AEGON 13 AUGUST 2020
The Dutch insurer reported underlying pre-tax earnings came in at EUR 700 million, down 31% compared with EUR 1.01 billion in 1H 2019. This decrease is primarily due to adverse mortality and lower interest rates in the United States, partly driven by the COVID-19 pandemic. As a result of this drop in earnings, and in light of the economic uncertainties going forward, the insurer announced it will withdraw its 2019-2021 financial targets for the time being. Additionally, it states that it will retain its 2019 dividend and rebase its 2020 interim dividend from 15 cents per share to 6 cents.
ABN AMRO 12 AUGUST 2020
Announced a net loss of EUR 5 million for Q2 2020 and EUR 400 million for 1H 2020. Operational performance came in at EUR 786 million for Q2 2020, and EUR 1,012 million for 1H 2020. As a result of the continued negative impact from the coronavirus crisis, ABN AMRO will end all non-European corporate banking activities, including Trade and Commodity financing, which will result in the elimination of around 800 jobs.
JUST EAT TAKEAWAY.COM 12 AUGUST 2020
The food delivery giant reported a 44% increase in revenue to EUR 1 billion for 1H 2020 (EUR 715 million in 2019). The company's strong performance is mainly attributed to a surge in online orders driven by the COVID-19 lockdowns. The company believes that its recently acquired Just Eat brands have seen underinvestment in recent years and plans to invest heavily in the United Kingdom, Canada, Australia, Italy, Spain, France and several other ex-Just Eat markets. CEO Jitse Groen said “On the back of the current momentum, we started an aggressive investment programme, which we believe will further strengthen our market positions. We are convinced that our order growth will remain strong for the remainder of the year.”
NN GROUP 6 AUGUST 2020
Reported 1H 2020 profit margin increase to EUR 926 million, up 1.3% compared with H1 2019. The insurer states that it has experienced a very limited impact from COVID-19, with the total impact of around EUR 30 million; therefore, it has decided to reinstate its dividend payment and share buyback program.
ING 6 AUGUST 2020
Reported a second quarter net result of EUR 299 million, down 79.2% compared with EUR 1,438 in Q2 2020. This steep decline is primarily due to elevated risk costs associated with the economic impact of the COVID-19 pandemic, including EUR 1.3 billion in loan provisions, and EUR 310 million in impairments on goodwill. Furthermore, it reports that net core lending declined by EUR 7 billion due to repayments on revolving credit facilities after a sharp increase at the end of March 2020. CEO Steven van Rijswijk said: “The impact of Covid-19 was reflected in the higher risk provisioning and goodwill impairments we booked in the second quarter. We remain strongly capitalised with a CET1 ratio of 15%.”
GALAPAGOS 6 AUGUST 2020
Announced first half year group revenues came in at EUR 224.6 million, compared with EUR 108.5 million in 1H 2019. This increase was primarily driven by upfront payment received from Gilead in August 2019 related to its drug discovery platform and additional consideration received for the extended cost sharing for Filgotinib. Furthermore, the company reported a net loss of EUR 165.6 million, compared to a net loss of EUR 95.9 million in the first six months of 2019. This loss is mainly driven by increased R&D expenditure and costs related to its Filgotinib program, Toledo program and other clinical programs. It retains its 2020 operational cash burn guidance of USD 400-USD 430 million, which includes USD 205 million in potential milestone payments subject to regulatory approvals of Filgotinib.
AHOLD DELHAIZE 5 AUGUST 2020
Reported strong results driven by increased consumer demand during the COVID-19 pandemic, with a 17% increase in second quarter net sales to EUR 19.1 billion. Comparative sales were up 20.6% (excluding gas) in the US and Europe, while online sales grew 77.6%, contributing to the company reaching its online sales goal of EUR 7 billion in 2020 one year ahead of plan. The company says its brands hired over 45,000 employees during Q2 2020. Ahold Delhaize has raised its 2020 outlook as a result of its strong performance and expects full year underlying operating margin to exceed 2019.
WOLTERS KLUWER 5 AUGUST 2020
Reported H1 revenue came in at EUR 2.29 billion, up 3% compared to the previous year. Recurring revenue performed well, while non-recurring was impacted by slowed sales as a result of the COVID-19 pandemic. Adjusted operating profit came in at EUR 577 million – a 14% increase for 1H 2019, benefitting from temporary cost reductions implemented in response to the COVID-19 pandemic. The company said that it will continue to suspend its 2020 outlook due to uncertainty surrounding the COVID-19 pandemic.
DSM 4 AUGUST 2020
Reported a H1 2020 decline in group sales of 1% with an adjusted EBITDA decline of 4%. Specifically, Nutrition sales were up 6% with Materials sales down 16% due to a sudden drop in demand at the end of Q1 that continued throughout Q2, driven by the COVID-19 lockdowns. The company notes that market conditions gradually improved towards the end of June. The company refrains from providing guidance in Materials, but expects Nutrition to deliver a mid-single digit increased in Adjusted EBITDA for FY2020.
HEINEKEN 3 AUGUST 2020
The global brewer reported a significant impact from the COVID-19 pandemic as net revenue fell 16.4% in H1 2020 and consolidated beer volume dropped by 11.5%. Results reflect a bottom-line impact in the European on-trade market as well as government restrictions enforced in Mexico and South Africa. The company has committed to avoid structural lay-offs and has raised over EUR 10 million to support on-trade customers in over 21 countries.
POST NL 3 AUGUST 2020
Announced Q2 2020 performance with a revenue of EUR 789 million (compared with EUR 681 million in 2019). This increase in revenue was mainly driven by volume growth in Parcels, due to increased online shopping during the pandemic. In response to this volume increase, the company announced it will scale up capacity by 40%. Going forward, it expects normalised EBIT for 2020 to come in above the initial range of between EUR 110 million and EUR 130 million.
BASIC-FIT 31 JULY 2020
The Dutch-based fitness chain reported a severe negative impact on 1H financial results related to club closures, driven by COVID-19 lockdowns. Revenue decreased by 24% to EUR 183 million (1H 2019 EUR 240 million). In July, following the reopening clubs, membership increased by nearly 70% compared to July 2019. The company expects to open around 100 new clubs in 2020, while maintaining a total target of 1,250 clubs by 2022.
ARCELORMITTAL 30 JULY 2020
The global steel and mining company reported a severe negative impact on its steel business as demand dropped 23.7% in Q2 2020 and 23% in 1H 2020 year-one-year. Operating loss came in at USD 0.3 billion for Q2 2020 and USD 0.6 billion 1H 2020. Although demand continues to face a severe impact, the company states that core markets are showing signs of recovery. It remains focused on meeting its FY 2020 target of USD 1 billion working capital efficiency, as well as its USD 7 billion net debt objective.
SHELL 30 JULY 2020
The Dutch oil giant reported a net loss of EUR 18.1 billion in the second quarter of 2020. The company says this loss is primarily due to impairment charges driven by a decreasing short-term outlook on oil and gas prices. The company reported that underlying operating costs were reduced by USD 1.1 billion compared with Q1 2020, while capital expenditure was reduced by USD 1.4 billion
ASMI 28 JULY 2020
ASMI reported net sales for the second quarter came in at EUR 342 million, up 5.2% from Q1 2020 as demand in logic/foundry segment has increased. The company said it experienced some operating challenges during Q2, but saw improvements towards the end of the quarter as lockdown measures and transport restrictions have gradually been lifted. It expects sales of EUR 300-320 million for Q3, while bookings, on a currency comparable level, are expected to be in the range of EUR 280-300 million. ASMI expects wafer fab equipment (WFE) market to grow with a mid- to high single digit percentage in 2020 and therefore expects to outgrow the WFE market in 2020.
KPN 27 JULY 2020
The telecoms company reported a net profit increase of 5.4% to EUR 135 million, compared with EUR 128 million in Q2 2019. The group reports that COVID-19 led to a slightly negative impact on its financial result, as growth in Professional Services in Business and in Wholesale was offset by lower revenues from mobile (roaming) and fixed voice services. Moreover, it states that it will pay an interim dividend of EUR 4.3 cents per share on 4 August. KPN intends to pay a regular dividend per share of EUR 13 cents in respect of 2020. KPN remains committed to the 2020 outlook provided in January 2020.
RELX 23 JULY 2020
Announced that revenue for the first half of 2020 came in at GBP 3.5 billion, down 10% compared to the same period last year (GBP 3.8 billion). Its Exhibitions unit, which accounted for 16% of revenue in 2019, was impacted significantly by COVID-19, with first half revenue of GBP 201 million (GBP 684 million in 2019). Despite the impact on its Exhibitions unit, Relx emphasizes that its three largest business units (STM, Risk & Business Analytics and Legal), which account for 84% of revenue, have performed well in the face of the COVID-19 pandemic and has thus announced an unchanged interim dividend of GBP 13.6 pence.
UNILEVER 23 JULY 2020
The consumer-packaged goods giant announced that net sales for H1 2020 came in at EUR 25.7 billion, down 1.6% compared to the same period in 2019. Impact form the COVID-19 pandemic varied across business channels, with food service declining by nearly 40% and out of home ice cream declining by almost 30%, while e-commerce grew by 49%. The company also saw a 10% increase in its Personal Care business, primarily due to strong performance in the Hygiene business.
RANDSTAD 21 JULY 2020
Reported a 25.2% year on year decrease in revenue for Q2 2020, with June organic sales growth down 21%. The company states that trading revenue dropped significantly in the month of April due to a majority of markets being under lockdown. In May and June, the decline in revenue throughout the US and Europe gradually eased as markets began to emerge from lockdown. The company said that it aims for a recovery ratio of 50% over time and expects a Q3 recovery ratio of 30%-40%, reflecting a mitigating effect of government support schemes in some countries, selective investments in growth areas, and continued agile cost management.
PHILIPS 20 JULY 2020
Reported that revenue for Q2 2020 came in at EUR 4.4 billion, representing a 6% decrease compared to the same period in 2019. The company notes that comparable orders are up 27% as it continues to increase production of CT-imaging systems, hospital ventilators and patient monitors during the corona virus crisis.
CEO Frans van Houten said, “As the global societal and economic impact of the COVID-19 outbreak intensified in the second quarter of 2020, we continued to focus on our triple duty of care: meeting critical customer needs, safeguarding the health and safety of our employees, and ensuring business continuity. In close collaboration with our suppliers and partners, we have steeply ramped up the production volumes of acute care products and solutions to help diagnose, treat, monitor and manage COVID-19 patients.”
AKZONOBEL 17 JULY 2020
Announced in its Q2 2020 results that revenue was down 19% compared to the same period in the previous year, while adjusted operating income came in at EUR 238 million (2019: EUR 305 million). The company said that revenue has decreased by only 5% in June, compared to nearly a 30% drop in revenue during the month of April due to COVID-19 lockdowns. The company repeated its suspension of its 2020 financial ambition , stating that the impact from the corona virus crisis will likely continue into H2 2020. The company targets a leverage ratio of 1-2 times net debt/EBITDA by the end of 2020 and commits to retain a strong investment grade credit rating.
HEINEKEN 16 JULY 2020
Announced in a preliminary, unaudited report that it experienced a 52.5% decline in operating profit for the first half of 2020. Net revenue declined by 16.4% on an organic basis, while volume sales declined by 11.5%. The company states that it was significantly affected by the closure of on-trade outlets during the corona virus lockdowns and will provide further information upon the release of its audited 2020 half-year results on 3 August 2020.
ASML 15 JULY 2020
Reported second quarter net sales of EUR 3.3 billion, up 35% compared to Q1 2020. The company states that operations are almost back to normal, although it remains vigilant in the face of COVID-19. It expects Q3 revenue to fall between EUR 3.6 and EUR 3.8 billion and expects 2020 growth to remain in line with original expectations at the beginning of the year.
AKZONOBEL13 JULY 2020
Announced in its preliminary financial results that second quarter revenue came in at EUR 1.9 billion, down 19% compared to Q2 2019, as the company continues to experience an impact from the COVID-19 pandemic. In June, revenue was 5% lower than the same period last year. It will report its full second quarter results on 22 July 2020.
SHELL 30 JUNE 2020
Announced in a second quarter update that Oil Products sales volumes are expected to be between 3,500 and 4,500 thousand barrels per day, driven by a significant drop in demand related to the impact of COVID-19. Consequently, it has announced a revised long-term commodity price and margin outlook.
PROSUS 29 JUNE 2020
Reported in its annual results that revenue increased by 23% to USD 21.5 billion, while trading profit grew 16% to USD 3.8 billion. Additionally, it experienced significant growth of USD 4.3 billion in e-commerce. CEO Bob Van Dijk said: “We also expect that group businesses are likely to benefit from a further acceleration of the underlying trend toward online - brought about by the Covid-19 pandemic – to emerge well-placed for long-term growth.”\
TKH GROUP
Reported in its H1 trading update that the negative impact from the COVID-19 pandemic is expected to cause turnover in the first half of 2020 to fall between 8 - 9% compared to H1 2019 and EBITA will decrease between 13 and 16%. it will take a one-off charge of EUR 3 to 5 million in Q2 to support cost savings measures.
PROSUS 18 JUNE 2020
Announced in its trading statement that business segments performed well over the last year, with ecommerce at the forefront of this growth. However, it cautions that COVID-19 had a negative impact on some of its business segments. The company will publish its annual results on 29 June 2020.
POST NL 17 JUNE 2020
Announced it expects Q2 2020 normalised EBIT to come in strongly above last year (Q2 2019: EUR39 million) as a result of 25% growth in Parcels, mainly driven by the COVID-19 pandemic.
DSM 12 JUNE 2020
Announced it has cancelled the remaining EUR 1 billion in its share buyback program as a result of the economic impact from the corona virus crisis.
JUST EAT TAKEAWAY.COM 10 JUNE 2020
Announced it will acquire American food deliverer GrubHub for a total consideration (on a fully diluted basis) of USD 7.3 billion. April and May sales were up 41%, as the company states that nearly all markets are that were significantly affected by the COVID-19 crisis have recovered above pre-crisis levels.
ASMI 2 JUNE 2020
Announced it has commenced its share buyback program of up to EUR 100 million. The company states that after taking into consideration the impact from COVID-19, its financial position is sufficiently strong enough to move forward with its share buyback program and dividend payment
POSTNL 2 JUNE 2020
Announced its full year outlook for free cash flow in 2020 has improved by EUR 100 million, following an agreement between PostNL and Pension Fund PostNL regarding the details and conditions of the final payment for its transitional pension plan.
UNIBAIL-RODAMCO-WESTFIELD 2 JUNE 2020
Announced that 65 of its 90 shopping centers have reopened as COVID-19 lockdown restrictions begin to lift. Thus far, footfall is above anticipated levels. The company expects 87% of its centers to have reopened by June 15.
BASIC-FIT 29 MAY 2020
Announced that it will be reopening clubs in France, Spain and Belgium throughout June, and expects the remainder of its clubs in the Netherlands to reopen from July 1. Furthermore, it said that it will complete the process of obtaining an of a EUR 60 million bank facility on May 29.
A.S.R. 20 MAY 2020
Reported that it experienced limited impact from COVID-19 on its business. Operating results for Q1 2020 came in at EUR 184 million, compared with EUR 208 million in 2019. Of this decrease, EUR 13 million was due to a storm in February 2020, while EUR 18 million is attributed to the negative impact of COVID-19.
ABN AMRO 13 MAY 2020
Announced a net loss of EUR 395 million in Q1 2020, compared with a net profit of EUR 478 million Q1 2019.
Impairment costs for Q1 2020 came in at EUR 1,111 million, compared with EUR 102 million in Q1 2019. The company attributes the drastic rise in charges to two major client files and significant upfront collective provisioning for sectors immediately impacted by Covid-19 and oil prices. The bank has set aside EUR 2.5 billion in provisions for bad loans in FY 2020.
AEGON 12 MAY 2020
The insurer reported pre-tax earnings came in at EUR 366 million reflecting adverse mortality and lower interest rates in the Americas, as well as COVID-19 related non-life claims in the Netherlands.
Aegon CFO, Matt Rider, said, "In the first quarter of 2020, underlying earnings in Europe, Asia and Asset Management held up well. However, earnings in the United States were negatively affected by the drop in interest rates as a result of the COVID-19 crisis, and unfavorable mortality experience, which was largely unrelated to COVID-19.”
The company noted that due to the uncertainty surrounding COVID-19, it is unlikely that it will reach its 10% return on equity target for 2020.
ING 8 MAY 2020
Announced a net result of EUR 670 million for Q1 2020, a 40.1% decline compared with EUR 1,119 million in Q1 2019, primarily affected by higher risk costs and negative valuation adjustments as a result of the COVID-19 pandemic. Furthermore, Q1 2020 result before tax fell by 35.7% due to an increase in risk costs. CEO Ralph Hamers said that it has granted 100,000 payment holidays in various markets, allowing customers to postpone loan repayments.
AHOLD DELHAIZE 7 MAY 2020
Reported a 14.7% growth in net sales and a 37.7% growth in net consumer online sales for Q1 2020. The company experienced an unexpected spike in sales volume attributed to customer stockpiling from the COVID-19 pandemic. It said that it maintains its full year outlook for the underlying operating margin to be broadly in line with 2019.
ARCELOR MITTAL 7 MAY 2020
Reported an operating loss of net loss of USD 1.1 billion in Q1 2020, compared with a net income of USD 0.4 billion for Q1 2019. Due to the outbreak of the COVID-19 pandemic, the steel industry has faced a major drop in demand, resulting in reduced production. Chairman and CEO Lakshmi Mittal said “The remainder of this year will be challenging, but I am confident that ArcelorMittal has the experience and inherent resilience, to manage through these difficult times.”
DSM 7 MAY 2020
Reported sales for Q1 2020 came in at EUR 2,293 million, compared with EUR 2,292 million in Q1 2019. The company said its Nutrition business witnessed a slight increase in demand from COVID-19, while its Materials business experienced a sudden drop as customer operations were disrupted by the crisis. It expects Nutrition to experience a mid-single digit increase in Adjusted EBITDA in 2020 but will not provide guidance for its Materials business due to uncertainty surrounding the current situation.
GALAPAGOS 7 MAY 2020
Reported an operating loss of EUR 44.6 million and a net loss of EUR 50.6 million. The company said that it ended the quarter with a strong cash position of EUR 5.7 billion. As a result of COVID-19, its cash burn guidance for FY2020 is expected to be in the range of EUR 400 - EUR 430 million, down versus the previously stated cash burn projection due to the pause in recruitment or postponed starts of some clinical trials.
WOLTERS KLUWER 6 MAY 2020
Announced it has experienced little impact from COVID-19 on its Q1 2020 results, with revenues up 3% in constant currencies and up 4% organically. The company will continue with the repurchase of EUR 350 million shares, but at a slower rate. Further, it maintains its decision to refrain from providing further guidance as the situation regarding COVID-19 is uncertain.
POST NL 4 MAY 2020
Reported overall revenue of EUR 701 million for Q1 2020, compared with EUR 684 million in Q1 2019. Since mid-March, it has seen a 13.6% growth in e-commerce due to an increase in online orders during the COVID-19 crisis. Simultaneously, it faced an impact from the COVID-19 pandemic as mail volumes declined by 12.8%. The company commits to its full year outlook for normalised EBIT of between EUR 110 million and EUR 130 million.
UNILEVER 23 APRIL 2020
Reported flat underlying sales growth with volume growth of 0.2% and negative price of 0.2%.
The company said that COVID-19 has impacted both consumer demand and supply of goods in most markets. In some markets, there was an initial spike in volume for household and food products, while lockdowns in various markets affected out of home consumption.
WOLTERS KLUWER 23 APRIL 2020
Reported during its AGM meeting an organic revenue growth of 4% and a sustained organic growth of 5% for recurring revenue for Q1 2020. Non-recurring revenues declined 2%, exhibiting the early impact from COVID-19 in the final two weeks of March. The company will communicate further details on growth and outlook in its first-quarter trading update scheduled for May 6, 2020.
AKZO NOBEL 22 APRIL 2020
Announced in its Q1 results that despite the impact from COVID-19, its Q1 adjusted operating income increased by 31% to EUR214 million compared to EUR163 million a year earlier. Q1 revenues declined 5% in constant currencies mostly due to the impact of COVID-19.
BASIC-FIT 22 APRIL 2020
Reported EUR137.5 million in revenue for Q1 2020. Due to the COVID-19 pandemic, the company has closed all of its fitness club locations. In response to this, it has lowered club operating costs and the overhead costs by around 65%
HEINEKEN 22 APRIL 2020
Reported that beer volume for Q1 2020 has dropped 2.1% organically, while volume for its Heineken brand grew 5.0%. The company reported a net profit of EUR94 million for Q1 2020 vs EUR299 million Q1 2019. This drop in net profit is due to the negative impact on volume experienced in March 2020 caused by the COVID-19 pandemic.
RANDSTAD 22 APRIL 2020
Announced Q1 organic revenues declined by 7.4% to EUR5.41 billion, and reported a 29% year-on-year decline in underlying EBITA to EUR 162 million. The company said that it has seen a significant impact from COVID-19 on the business and expects the situation to continue into Q2 2020 with very limited visibility.
ADYEN 21 APRIL 2020
Announced 38% growth in process volume and a 34% growth in net revenue for Q1 2020, compared with Q1 2019. From mid-March to mid-April it has experienced a steep decline in revenue from its travel and in-store retail verticals, and positive impact in digital goods and online retail.
ASM 21 APRIL 2020
Announced net sales of EU325 million for Q1 2020 (compared to EUR248.8 Q1 2019), and an operating result EUR78 million (compared to EUR47 million in Q1 2019). In comparison to Q4 2019, normalized net earnings dropped by EUR30 million. New orders for Q1 amounted to EUR333.5 million.
The company said that COVID-19 lockdowns in various markets have significantly affected its supply chain and logistical operations. The company widened its expected Q2 sales range to EUR300-350 million, from EUR330-350 million previously.
JUST EAT TAKEAWAY.COM 21 APRIL 2020
Just Eat Takeaway.com announced in its Q1 trading update for Just Eat that the company has performed very well in the first three months of 2020, reporting a 6% increase in orders compared with the corresponding period in 2019.
IMCD 20 APRIL 2020
Announced an 11% EBITA growth and 12% gross profit growth in the first three months of 2020.
CEO Piet van der Slikke said that, although the company has performed well during the COVID-19 pandemic, it is unable to predict the overall impact on results in the coming months.
PHILIPS 20 APRIL 2020
Announced that the impact from COVID-19 had a significant effect on its Q1 2020 results, with
Q1 sales amounting to EUR 4.2 billion, a 2% comparable sales decrease. The company experienced a rise in comparable order intake of 23%, most notably in diagnostic imaging, hospital ventilators, and patient monitors.
The company expects to see a further impact on the business in Q2 2020 and hopes to see a gradual stabilization and improvement in profitability in the second half of 2020.
ASML 15 APRIL 2020
Announced in its Q1 results that net sales came in at EUR 2.4 billion with net income at EUR 0.4 billion. Although the impact from COVID-19 on the business has been limited, the company said it will refrain from giving guidance on Q2 and the full year 2020 given the current risks and uncertainties.
POSTNL 14 APRIL 2020
Announced in its Q1 trading update that the company is fully operational and expects a limited impact from the COVID-19 pandemic on Q1 results.
PostNL is moving forward with its 2020 outlook for normalised EBIT between EUR 110 million and EUR 130 million.
JUST EAT TAKEAWAY.COM 9 APRIL 2020
Announced in its Q1 trading update that orders in Q1 were up by 50%, and orders in Germany were up by 126%.
KPN 8 APRIL 2020
Announced that it expects a limited impact from COVID-19 on its operational KPIs and financial results in the first quarter of 2020. The company states that it is too early to determine the impact of COVID-19 for the remainder of 2020.
PROSUS 8 APRIL 2020
Announced that it is too early to estimate the scope of impact from COVID-19, whether positive or negative, on the Group's operations and financial information.
HEINEKEN 8 APRIL 2020
Announced that it expects a total consolidated volume decrease of around -4% organically with beer volume around -2%. The negative impact is expected to worsen in Q2 2020. Due to uncertainty surrounding the COVID-19 pandemic, it will withdraw its guidance for 2020.
The company will release its Q1 trading update on April 22, 2020.
RELX 8 APRIL 2020
Announced in its Q1 trading update that its Exhibitions business, which accounted for 16% of revenue and 13% of adjusted operating profit in 2019, has experienced a significant negative impact from COVID-19, making the outlook for this business area highly uncertain. Therefore, the company will withdraw all guidance for 2020.
AHOLD DELHAIZE 7 APRIL 2020
Announced in its Q1 trading update that the company has seen higher than average sales growth in the months of February and March due to a spike in consumer shopping from the COVID-19 pandemic.
The company will release its Q1 results on May 7, 2020.
ADYEN 1 APRIL 2020
Announced that it will publish a trading update on April 21st for the purpose of providing increased transparency into its underlying business during these unprecedented times.
NN GROUP 31 March 2020
Announced in its Annual Report 2019 that the COVID-19 pandemic is having a negative impact on the markets in which NN Bank is active – specifically on the mortgage market
and the wholesale funding market.
PHILIPS 31 March 2020
Announced that it will postpone its Capital Markets Day – which was scheduled to take place in London (UK) on May 13, 2020 – to the fourth quarter of 2020.
AKZO NOBEL 31 MARCH 2020
Announced that it paused key parts of the company’s transformation and suspended its 2020 financial ambition in response to significant market disruption resulting from the COVID-19 pandemic. Once markets normalize, AkzoNobel intends to resume its ‘positive momentum and drive performance in line with industry frontrunners.’
ARCELOR MITTAL 31 MARCH 2020
Announced that it is seeing or expecting to see a significant decline in industrial activity in many, if not all, of the geographic markets in which it operates. In response to the COVID-19 pandemic, it is reducing production and temporary idling steelmaking and finishing assets, adapted on a country-by-country basis in alignment with regional demand as well as government requirements.
SHELL 31 MARCH 2020
Announced in its first quarter outlook report that there is significant uncertainty with macro-economic conditions with regards to prices and demand for oil, gas and related products due to COVID-19. The impact of the dynamically evolving business environment on first quarter results has been primarily reflected in March with a relatively minor impact in the first two months.
ABN AMRO 30 MARCH 2020
Announced that it expects the FY2020, and especially Q1 2020, cost of risk to be materially higher than the through-the-cycle cost of risk range of 25-30bps. Together with the incidental loss at ABN AMRO Clearing, the company expects to record a loss in Q1 2020.
ASML 30 MARCH 2020
The company announced that it has decided not to execute any share buybacks in Q2 2020 due to the uncertainties regarding COVID-19. This decision follows the pause in the execution of the program in the first quarter, after having already performed share buybacks under the new program for an amount of approximately €507 million.
GALAPAGOS 28 MARCH 2020
In its Annual Report 2019, the company states that it remains resilient despite severe pressure on share price brought on by the COVID-19 pandemic. The company reports that it has a business continuity plan in place for its non-clinical and clinical trials, including a pandemic response plan which entails pausing Phase 1 of clinical trials. Additionally, it has paused enrolment into the filgotinib trials.
ABN AMRO 27 MARCH 2020
Announced that it is extending support measures for businesses affected by COVID-19 to Commercial Banking clients with a credit facility with a principal and/or a limit of up to 50 million euros.
Furthermore, on 26 March, the company announced that due to the volatility in financial markets from COVID-19, ABN AMRO Clearing will incur a USD 250 million pretax incidental loss on one of its US clients. The net loss is approximately USD 200 million (EUR 183 million).
A.S.R. 25 MARCH 2020
The company announced that, at this point in time, a.s.r. is financially healthy and its capital position is solid. In recent weeks, a.s.r.’s Solvency II ratio proved resilient to absorb the extraordinary developments in the financial markets.
It is also noted that because of the current high volatility in the financial markets, the estimated Solvency II ratio may vary substantially from day to day. a.s.r.’s liquidity position of € 1.6 billion at year-end 2019 has also proven resilient. a.s.r. continues to monitor the potential IFRS impact relating to the valuation of financial instruments and valuation of technical provisions that are sensitive to developments in the (long-term) interest rates.
ADYEN 24 MARCH 2020
In its Full Year Report 2019, the company states that the COVID-19 outbreak may result in shoppers and merchants postponing spending, which could have a material adverse impact on the demand for Adyen’s products and services, including a reduction in the volume and size of transactions on its payments platform. Although Adyen has taken measures it deems effective to ensure business as usual, such measures may not be sufficient to prevent disruptions.
UNIBAIL-RODAMCO-WESTFIELD 23 MARCH 2020
Announced on Monday that it will withdraw its 2020 AREPS guidance and expects to provide an update on its guidance when it can reliably estimate the duration, severity, and consequences of the current situation regarding COVID-19.
· It will pay an interim cash dividend of €5.40 per share, as planned, on March 26, 2020 (ex-dividend date March 24, 2020). This payment will cover the Group’s distribution obligations for 2019.
· It has decided to cancel the payment of the final dividend of €5.40 per share.
SHELL 18 MARCH 2020
The company announced that each operating site and office around the world has business continuity plans in place to sustain operations and supply chains. This includes supplying many countries with liquefied natural gas, as well as providing chemicals for essential industrial processes. To cope with the current climate, Shell has been:
· Increasing production of isopropyl alcohol, a key chemical ingredient of hand sanitiser
· Carrying out enhanced cleaning operations and increasing stocks of sanitation products and other essential goods.
· Shells Nanhai joint venture chemical production complex in Guangdong Province has been operating at full capacity to provide polypropylene and polyethylene, which, among other things, have been necessary for producing masks, packaging for disinfectants and other medical supplies.
AHOLD DELHAIZE 15 MARCH 2020
In a statement made last week, CEO Frans Muller said that it has implemented measures to prevent the spread of the virus by restricting travel and encouraging non-business critical work to be performed from home. The company is taking measures to place all its focus on mission-critical activity by maintaining stock in its stores, distribution and fulfillment centers, and in-home delivery.
SECTION | AMX
SIGNIFY 9 DECEMBER 2020
Prior to its Capital Markets Day on 9 December, the company announced its 2020 financial outlook, as well as its strategic plan for 2021-2023. It expects 2020 comparable sales to growth to come in the range of -13.5% to -13%, with an adjusted EBITA margin in the range of 10.2% to 10.6%. Its guidance for 2021-2023 is set for a yearly comparable sales growth of 0% to 5%, with an adjusted EBITA margin of 11% to 13% by 2023. Eric Rondolat CEO of Signify, said: “Looking ahead, we expect the headwinds facing our industry from the transition to LED to abate over the coming years. Our innovation-led strategy will continue to shape lighting industry standards and will accelerate the next technological leap towards connectivity."
ALTICE EUROPE 19 NOVEMBER 2020
Reported a 3.2% growth in Group revenue for Q3 2020, primarily driven by strong performance in the residential service and business services segments as well as telecom segment. The company states that despite a severe COVID-19 related impact on its operations in Israel and Portugal, it managed to report growth in both markets. In France, the Group reported a 3.2% growth in residential service revenue, despite COVID-19 pandemic related impacts and depressed roaming revenue. Patrick Drahi, Altice Europe founder said: "The Group’s diversified and simplified capital structure has no material maturities before 2025 and €3.5 billion of available liquidity. We maintain our FY 2020 guidance to grow revenue and EBITDA, and continue to focus on deleveraging the Group through growing revenue, EBITDA and cash flow."
TKH 17 NOVEMBER 2020
The technology company reported turnover came in line with previous forecasts. Specifically, it experienced a decline in turnover mainly for its Telecom and Industrial Solutions segments. In its Building Solutions division, it experienced a limited decline in turnover and a significant increase in EBITA.
The company expects working capital to further normalize towards the end of the year. As the impact from the COVID-19 pandemic has been less severe than initially anticipated, the company announced it has increased its full year outlook to 2020. TKH now expects net profit to come in between EUR 65 million and 69 million euros.
CEO of TKH Alexander van der Lof said: “The effects of COVID-19 are still very tangible, but at this moment better to oversee than at the beginning of the pandemic."
SBM OFFSHORE 12 NOVEMBER 2020
The offshore supplier reported a 16% increase in underlying directional revenue to USD 1.7 billion for the first nine months of 2020. The company states that business continuity protocols remain in place due to the ongoing COVID-19 pandemic, including increased on-site testing to ensure employee safety. As a result of its positive performance, the company has increased its full year outlook from an EBITDA of “above” USD 900 million to “around” USD 950 million.
Bruno Chabas, CEO of SBM Offshore, said: “SBM Offshore is demonstrating the strength of its business model with another good set of results last quarter, despite the twin challenges of the global pandemic and low oil prices. Based on this solid year-to-date performance and the Company’s discipline in managing its cost base, the Company increased its full-year guidance."
BOSKALIS 6 NOVEMBER 2020
Reported increased revenue for Q3 2020 compared with the first half of the year, however its order book decreased to EUR 1.3 billion (compared with EUR 1.47 billion at the end of June. The company noted COVID-19 related delays in its offshore wind activities and heavy lifting segment, while performance in its seabed intervention unit remained strong. The company states that it has continued to experience a negative impact from the COVID-19 pandemic in both Europe and other markets. Boskalis expects 2020 EBITDA to come in at the same level as 2019 (EUR 376 million).
VOPAK 6 NOVEMBER 2020
The independent tank storage company reported Q3 2020 EBIT of EUR 383 million compared with EUR 407 million pre-divestments in 2019. The company states that all 66 of its terminals have remained opened and it has not experienced any significant operational disruptions from the COVID-19 pandemic. The company states that it will continue to invest around EUR 500 to EUR 600 million to further expand its terminal portfolio. It aims to continue growing its EBITDA with new contributions from growth projects while replacing EBITDA from divested terminal from 2019 and 2020.
WERELDHAVE 22 OCTOBER 2020
Reported a gradual increase in footfall throughout shopping centers in Q3 2020, with 88% of centers being reopened. Additionally, the company reported an EPRA EPS of EUR 0.62, double what was recorded in Q2 2020. It further notes that although various governments have imposed additional COVID-19 restrictions in recent weeks, the impact is not as severe as the restrictions implemented in Q2. Wereldhave has upgraded its outlook for 2020 EPRA EPS to EUR 1.90-2.10 (previously EUR 1.70-1.90), citing better than anticipated rent collections, fewer expected bankruptcies and increased new lease signings.
OCI 6 NOVEMBER 2020
Reported third quarter revenue increased by 19% to USD 752 million, while adjusted EBITDA increased 79% to USD 192 million. The company states that it has not experienced a direct impact from COVID-19 on its operations, however global nitrogen and methanol prices have decreased compared the same period in 2019. That being said, nitrogen and methanol prices are expected to increase once again towards the end of this year into 2021. CEO Ahmed El-Hoshy said: “We remain on track to deliver robust volume growth in 2020 and, as we reach run-rate production, we expect to benefit from a further step-up in volumes in 2021.”
BAM 5 NOVEMBER 2020
Reported an adjusted loss before tax of EUR 81.8 million in the first 9 months of 2020, a EUR 51.7 million improvement compared to H1 2020. The Group states that the impact from COVID-19 has remained relatively stable following a severe impact in the second quarter, which gradually eased throughout Q3. Additionally, the Group announced that it has initiated a restructuring programme to reduce its cost base by EUR 100 million. Although the situation surrounding the COVID-19 pandemic remains uncertain, BAM reiterates its full year guidance of a positive adjusted result before tax for the second half of the year.
GALAPAGOS 5 NOVEMBER 2020
The pharmaceutical group reported revenue of EUR 368.6 million compared with compared to EUR 752.5 million during the same period last year. The difference in reported revenue is driven by an upfront payment received from Gilead related to ziritaxestat for
EUR 667.0 million in 2019. It further reported an operating loss of EUR 1623.2 million in the first nine months of 2020. It retains its full year guidance of EUR 490 to EUR 520 million. Bart Filius, COO and CFO said: “We ended the third quarter with a strong cash balance, positioning us well to further grow our pipeline and deliver on the anticipated commercial launch of filgotinib. We maintain our 2020 operational cash burn guidance of €490-€520 million.”
VASTNED 27 OCTOBER 2020
In its 9-month earnings update, the retail property company reported that occupancy rate for its portfolio was at 97.5% as of 30 September 2020. Additionally, it has secured 21 new lease signings in the third quarter of 2020. Since the onset of the COVID-19 pandemic, Vastned has made tailored arrangements with tenants to support them during these uncertain times. The company states that it still expects a 2020 direct result of EUR 1.70 - EUR 1.85 per share, despite increasing measures enforced by governments in response to the COVID-19 pandemic.
SIGNIFY 23 OCTOBER 2020
Announced that sales for Q3 2020 came in at EUR 1.7 billion, with an operational profitability of 11.5%. Signify CEO, Eric Rondolat, said “Given the acceleration of the pandemic in many regions, we remain cautious about market developments, but confident in our ability to further adapt, which we have demonstrated since the beginning of the year. Our teams remain focused on making continued good progress on the integration of Cooper Lighting and Klite, while relentlessly driving our growth platforms to develop new business opportunities in line with our strategy.” Given the continued uncertainty surrounding the COVID-19 pandemic, Signify refrains from providing full-year guidance.
BESI 22 OCTOBER 2020
The semiconductor manufacturer reported a 12.9% decline in third quarter revenue compared with Q2 2020, in line with the expected guidance and driven primarily by seasonality. Revenue was up 20.7% compared with the same period last year, driven by an increase in shipments for mobile applications to the US and Asia. The company expects Q4-20 revenue to come in flat or down 15% compared with Q3 2020, primarily due to seasonal influences and the ongoing COVID-19 pandemic.
FLOWTRADERS 22 OCTOBER 2020
The high frequency trader announced a Q3 Net Trading Income (NTI) of EUR 78.3 million, down 20% compared with Q2 2020. This decrease is due to lower activity levels as markets further normalised. Operating expenses amounted to EUR 46.5 million for the quarter – of which EUR 0.5m were one-off expenses related to COVID-19, as well as the donation to the Flow Traders Foundation. Chief Trading Officer, Folkert Joling explained:
“Further market normalisation combined with the usual seasonal impacts resulted in lower levels of activity in the third quarter versus previous quarters in 2020. Nonetheless, volumes and volatility levels were higher compared to the same period in 2019 and this translated into better trading results globally.”
INTERTRUST 22 OCTOBER 2020
Reported a revenue of EUR 138.1 million for Q3 2020, roughly in line with the same quarter last year (EUR 139 million). It states that COVID-19 primarily had an impact on investments in the company's transformation program. Given the uncertainty surrounding the COVID-19 pandemic, Intertrust has withdrawn its full year guidance
FAGRON 13 OCTOBER 2020
Announced a 10.7% increase in turnover to EUR 135.1 million, citing an increase in demand for COVID-19 related products, specifically in its Brands and Essentials business segments. “The coming quarter will also be dominated by COVID-19 and visibility is limited. We will continue to pursue our policy aimed at making the most of opportunities while remaining critical of our costs.” said CEO Rafael Padilla.
AIR FRANCE - KLM 2 OCTOBER 2020
KLM Dutch Royal Airlines announced the submission of a restructuring plan to the Netherlands Ministry of Finance - a condition required to obtain and guarantee EUR 3.4 billion in government aid. The plan includes elements such as the reassessment of strategy, cost-cutting initiatives, financial considerations and reduced employment.
SIGNIFY 21 SEPTEMBER 2020
Announced it will make a EUR 350 million debt prepayment in an effort to maintain its commitment to an investment-grade credit rating. The debt prepayment will be made on September 30, 2020 and executed against the EUR term loans which had an initial maturity of January 2023.
ALTICE 11 SEPTEMBER 2020
The telecoms company announced that it has agreed to a conditional offer from its majority shareholder, Next Private B.V. The buyout consists of EUR 4.11 per share, totalling to EUR 2.5 billion. The transaction is expected to be completed by Q1 2021. Following completion, Altice Europe will be delisted from the Euronext. Jurgen van Breukelen, Chairman of Altice Europe, said, “Our focus has been on determining the best way forward for Altice Europe and its business, while safeguarding the interests of all stakeholders involved. This transaction will allow Altice Europe to more successfully and effectively achieve its goals in a private and fully owned environment, benefiting from the founder’s ongoing long-term commitment to the business."
OCI 8 SEPTEMBER 2020
Announced it will offer a conditional redemption to holders of its USD 650 million 6.625% Senior Secured Notes due 2023. The redemption date is expected to be October 15, 2020.
WERELDHAVE 7 SEPTEMBER 2020
Announced it has amended its debt facilities with several financial institutions to cover over EUR 130 million, providing ample financial headroom with debt coverage until Q3 2022. CFO Dennis de Vreede said: “These transactions mark an important step in the improvement of our liquidity position, particularly against this period of a challenging economic backdrop.”
BAM 20 AUGUST 2020
Announced a half-year adjusted loss before tax of EUR 134 million and a second quarter revenue decline of 19% to EUR 360 million. Losses are primarily driven by a drastic decline in its Construction and Property business segments, specifically in markets that experienced COVID-19 lockdowns, as well as losses from BAM International and the settlement of the Cologne metro claim, which had a negative effect of EUR 36 million on German civil engineering segment. Additional costs were incurred to enforce social distancing measures on project sites. BAM has increased its cash position by utilizing state aid, partially transferring its PPP investments while managing costs and CAPEX.
BOSKALIS 20 AUGUST 2020
Reported a half-year revenue of EUR 1.26 billion, virtually the same as the previous year (H1 2019: EUR 1.27 billion). The company experienced the greatest impact from COVID-19 in its Offshore Energy business segment, primarily due to the sharp drop in oil prices. Additionally, dredging projects outside of Europe were negatively impacted due to travel restrictions. While the company reported impairment charges of EUR 147.8 million, it states that it is well-positioned for the remainder of 2020 and has a sound balance sheet.
FLOW TRADERS 14 AUGUST 2020
The high-frequency trader reported that second-quarter Market Exchange Traded Products (ETP) Value Traded fell 16% compared to Q1 2020 and increased 69% in 1H 2020 year on year. Flow Traders ETP Value Traded fell 14% compared to Q1 2020 and increased 66% in 1H 2020 year on year, demonstrating strong performance in the market while facilitating increased trading in fixed income and ESG ETFs during throughout the first six months of the year. The company states it has maintained resilience amidst the COVID-19 and will continue to move forward with its strategic plan to expand its global ETP footprint as well as enhance coverage of fixed income, currencies and crypto.
TKH GROUP 11 AUGUST 2020
Announced 1H 2020 turnover was down 9.9% at EUR 679 million. The company states that the most prominent decline was in Industrial Solutions and Telecom Solutions, primarily due the postponement of delivery on various projects. Furthermore, results were impacted by divestments and lower productivity and utilization at its manufacturing companies as a result of COVID-19. TKH Group expects the negative impact form the COVID-19 pandemic to continue into 2H 2020.
CORBION 7 AUGUST 2020
Reported that 1H 2020 sales came in at EUR 492.2 million, an increase of 4.3% compared to the same period last year (1H 2019: EUR 471.9 million) and an adjusted EBITDA of EUR 83.8 million, a 16.9% increase compared to the previous year. The increase in performance was primarily driven by organic growth in its Core activities, including its Incubator and Lactic Acid & Specialties business segments. The company states that it has not experienced a major negative impact from the COVID-19 pandemic, estimating a total loss of EUR 1-2 million for 1H 2020. The company expects a 2020 adjusted EBITDA margin to be above 15% due to solid business performance and favorable cost developments. It will move forward with its capital investment programs, estimating a capex of EUR 80-90 million for 2020.
FAGRON 6 AUGUST 2020
The pharmaceutical compounder reported EUR 278.8 million in turnover for 1H 2020, a 9.1% increase compared to the same period last year. The company states that it saw increased demand in its Brands and Essentials business, while demand for Elective Care fell; primarily due to closures of clinics and the postponements of non-critical operations as a result of COVID-19 measures. However, Elective Care steadily increased over the month of June.
SBM OFFSHORE 6 AUGUST 2020
The FPSO leasing company reported that 1H directional revenue was up 22% to USD 1,179 million compared with EUR 965 million in 1H 2019. This increase was driven by its Lease and Operate segment, which benefited from FPSO Liza Destiny joining the fleet as well as further investments made, including the purchase of five Brazilian FPSOs. Further, it reported an EBITDA of EUR 523 million, up 31% compared with the same period last year (EUR 399 million). The company states that it has implemented business continuity protocols to mitigate the impact of COVID-19 on operations. Additionally, it said that 300 jobs will be eliminated as part of its reorganization plan to further cut down on costs. It expects directional revenue for 2020 to come in around USD 2.3 billion, and directional EBITDA to be above USD 900 million.
GRANDVISION 5 AUGUST 2020
The global eyewear and eyecare company announced a 26.4% decline in revenue for 1H 2020 and a 47.5% decline for Q2 2020, driven by store closures as a result of the COVID-19 pandemic. Furthermore, EBITA was down EUR 24 million in 1H 2020 and EUR 65 million in Q2 2020. During the month of June, the company reopened over 90% of its store network which contributed to a strong recovery of revenue and adjusted EBITA. Additionally, it reports a growth of over 200% in eCommerce.
AIR FRANCE-KLM 31 JULY 2020
Reported second-quarter revenue was heavily impacted from the COVID-19 pandemic, with total revenue coming in at EUR 1.18 billion, down EUR 5.8 billion compared to Q2 2019. The airline group reported that it has received EUR 14.2 billion in liquidity or credit lines to provide aid during the crisis. The group said that it is cautiously increasing capacity during the summer months and will offer 45% of flight capacity in Q3 2020.
INTERTRUST 30 JULY 2020
Reported an underlying revenue increase of 1.1% (EUR 281.6 million) in H1 2020, and an underlying revenue increase of 0.2% (EUR 139.5 million) in Q2 2020. The company states that this nearly flat revenue growth reflects the impact of COVID-19 on its business, with the impact being most prominent in its Corporates and Private Wealth work sectors. The company says it has withdrawn its 2020 guidance due to the uncertainty surrounding COVID-19 but maintains its medium-term objectives upon the normalisation of markets.
PHARMING 30 JULY 2020
Announced a 14% increase in revenue to EUR 88.6 million (vs EUR 77.9 million) for 1H 2020. Despite this increase, the pharmaceutical company reported a second quarter revenue loss of 21% compared to Q1 2020; noting that this decline is primarily due to unusually high sales in the final months of Q1 2020 - believed to be driven by pre-filling of prescriptions as a response to the onset of COVID-19. The company states that COVID-19 has had no impact on the production, availability and distribution of RUCONEST. The recruitment of new clinical trial patients has been temporarily suspended.
APERAM 29 JULY 2020
Reported that sales decreased by 22% to EUR 818 million compared to EUR 1,049 million for the first quarter of 2020, driven by a significant drop in demand primarily caused by the COVID-19 pandemic. Furthermore, steel shipments for the quarter amounted to 376 thousand tonnes, a 14% decrease compared to 438 thousand tonnes in Q1 2020. The company says although demand is slowly beginning to recover, it expects comparable results in Q3 2020.
VOPAK 29 JULY 2020
Announced a half-year 2020 EBITDA of EUR 403 million (HY1 2019: EUR 423 million). The company states that it did not experience a significant impact from COVID-19 on the business, as all 66 terminals are operational without significant disruptions to business continuity. In response to COVID-19 conditions, cost control measures were implemented to manage and reduce Vopak's cost base; the cost level for HY1 2020 amounted to EUR 295 million and as a result, it now aims to be at some EUR 600 million for the year. Vopak will continue to invest in growth of its global terminal portfolio with a growth investment up to EUR 500 million for 2020.
ARCADIS 28 JULY 2020
Announced second quarter organic revenue was down 3% to 628 million compared to the same period last year as the impact from COVID-19 has reflected strongly in its architectural business, as well as private sector work. Free cash flow in the second quarter was EUR 165 million (Q2 2019: EUR 60 million), mainly due to additional actions to reduce working capital and invoicing efficiency improvements in the US. Furthermore, it says that it will most likely not meet its 2020 strategic priorities for the “Creating a sustainable future” strategy.
BESI 28 JULY 2020
The semi-conductor company reported a Q2 2020 revenue of EUR 124.3 million, up 36.1% compared to Q1-20 and is primarily due to higher shipments for mobile. Orders came in at EUR 101.3 million, down 14.6% compared to Q1-20 primarily due to lower demand for high end mobile applications generally.
Despite a strong second quarter, the company expects Q3 revenue to decrease by approximately 10-25% due to seasonal influences, lower demand for mobile applications post H1-20 build and ongoing uncertainty as to the development of the COVID-19 pandemic.
SIGNIFY 24 JULY 2020
Announced that sales for Q2 2020 came in at EUR 1.5 billion, nominal sales growth of -0.6%. The company states that it has implemented a range of mitigating actions to conserve cash flow. Among these actions were voluntary worktime reductions, for which the company reports an 85% participation rate. Furthermore, it announced that it is increasing the capacity of its UV-C light source production, which can contribute to eliminating viruses and bacteria on surfaces. Due to the continued uncertainties surrounding the COVID-19 pandemic, the company refrains from providing financial guidance.
AALBERTS 22 JULY 2020
Reported an organic revenue decline of 11% to EUR 1.3 billion due to the impact that COVID-19 had on the business. Further, it reports an increase in order intake from the last week of May, stating that the order book at end of June was higher than the same period in 2019. Aálberts says it is implementing several measures to reduce capital expenditure, including a one-off strategic restructuring in 2020. The company expects a lower CAPEX cash out in 2H2020 than in 2019.
NSI 13 JULY 2020
Announced in its half year results that operational performance was strong despite the impact from the coronavirus pandemic. In Q2, rent collection was at 96%, while Q3 collection is already at 90.4%. The company states that it is comfortable with reinstating its 2020 guidance of a forecasted EPRA EPS of EUR 2.30 - 2.40.
AIR FRANCE 3 JULY 2020
Announced it will eliminate 6,560 jobs by the end of 2022 as part of its transformation program, which has been accelerated due to the 95% drop in revenue during the first three months of 2020 from the COVID-19 pandemic. The company predicts activity will not fully recover to pre-COVID levels until 2024.
BAM 2 JULY 2020
The construction group issued a profit warning saying it expects a first half year adjusted loss before tax of approximately EUR 130 – EUR 150 million. Consequently, BAM decided to start winding down BAM International, active outside its European home markets
GRANDVISION 15 JUNE 2020
Announced it has seen an increase in sales as 80% of stores have reopened, with performance being particularly strong in Benelux, Germany, Austria, Switzerland and across most of the Nordics. Furthermore, it reports e-commerce sales have grown over 80% over the last 5 months.
AIR FRANCE – KLM 12 JUNE 2020
Air France announced that it expects to gradually increase flight schedules for 150 destinations over the summer, reaching 35% of the flight schedule initially planned in July and 40% in August.
EUROCOMMERCIAL PROPERTIES 27 MAY 2020
Announced that it has reopened all of its shopping centers in Italy, Belgium and France, in addition to its centers in Sweden which have remained open during the COVID-19 pandemic. The company states that while it has yet to gather final sales data, turnover is outperforming footfall as customers return to stores. It expects to see a further increase in footfall once restaurants begin to reopen, allowing shopping centers to return to rather normalized trends.
ALTICE EUROPE 20 MAY 2020
Reported that first quarter revenue was up 3.6% and EBITDA grew 1.0%, compared with Q1 2019. The group said that it has experienced negative financial impacts from COVID-19, including delays in construction of residential glass fibre infrastructure and a reduction in equipment sales from store closures. It expects to make up for these losses in Q2 2020. The company said that it maintains its 2020 guidance.
PHARMING 14 MAY 2020
The pharmaceutical company announced that first quarter revenue increased by 40% and operating came in at EUR 19.4 million, up 59% compared to Q1 2019. The company states that new recruitment for ongoing clinical trials has been paused due to COVID-19, thus causing some delays. There has been no impact on the production and distribution of RUCONEST®.
Furthermore, it expects to begin an investigator-sponsored multi-centre randomised controlled clinical trial for confirmed COVID-19 patients in the near future.
SBM OFFSHORE 14 MAY 2020
Announced that first quarter results were in line with expectations, with directional
revenue coming in at USD 607 million. The company states that it is impacted by the disruption in the oil and gas industry and is therefore taking measures to reduce costs during the COVID-19 pandemic. Such measures include implementing a hiring freeze and reducing aggregate staff and contractor workforce by 300 positions.
Additionally, it has adjusted its full year directional revenue outlook to USD 2.3 billion.
BOSKALIS 13 MAY 2020
Announced that first quarter earnings came in above expectations with increase in revenue and higher EBITDA than Q1 2019, reflecting limited impact from COVID-19.
The company said that it refrains from providing a full year outlook at this time but remains cautiously optimistic.
OCI 11 MAY 2020
The nitrogen and methanol producer reported a strong first quarter, with revenue up 36% and adjusted EBITDA up 49% compared with Q1 2019. Its growth is primarily from the Nitrogen business, saying that demand has not been affected by the COVID-19 pandemic.
The company said that plants have maintained operations throughout the crisis, as governments consider its products essential. OCI said it is on track to meet its 2020 commitments.
AIR FRANCE-KLM 7 MAY 2020
Announced that operating results for Q1 2020 came in at EUR -815 million, down EUR 529 million compared to last year. This significant drop is due to the impact COVID-19 had on air travel in March 2020.
The company said that it foresees a further drop in operating results for Q2 2020 and the full year and does not expect to return to pre-COVID-19 levels for several years.
BAM 7 MAY 2020
Announced revenue for Q1 2020 came in at EUR 1,603 million, compared with EUR 1,590 in Q1 2019. The Group said that operations at most sites have continued, with safety measures being implemented to protect workers. It reports a strong liquidity position of EUR 944 million, including drawn RCF.
APERAM 6 MAY 2020
Announced sales came in at EUR 1,049 million for Q1 2020, compared with EUR 1,178 million in Q1 2019. EBITDA decreased to EUR 70 million (EUR 81 million Q1 2019) as a result of temporary plant closures and transportation disruptions from mid-March caused by the COVID-19 pandemic.
EUROCOMMERCIAL PROPERTIES 6 MAY 2020
Reported like-for-like growth of 1.7% for Q3 2020, mainly driven by strong performance in Sweden as shops have remained open. In Belgium, France and Italy, all stores aside from food stores and pharmacies have been closed since mid-March and are now preparing for a gradual reopening in mid-May.
GRANDVISION 5 MAY 2020
Reported a 4.4% decline in revenue, saying it experienced an 80% decrease in revenue for the month of April due to the COVID-19 pandemic. The company also said that it has seen an 85% increase in online revenue as many shoppers are increasingly engaging in e-commerce. Nevertheless, it expects the impact from COVID-19 to carry over into Q2.
ARCADIS 24 APRIL 2020
Announced it saw an organic net revenue growth of 3% to EUR 658 million (gross revenues: EUR 872 million) compared with EUR 628 million (gross revenues: EUR 872 million) in Q1 2019.
The company said that it has experienced little impact from the COVID-19 pandemic on its Q1 results. Nevertheless, due to the current uncertainty surrounding the situation, it will refrain from providing guidance for 2020.
SIGNIFY 24 APRIL 2020
Reported EUR 1.42 billion in sales for Q1 2020, a 3.5% drop compared to 1.47 billion in Q1 2019.
Net income came in at EUR 27 million, compared with EUR 44 million in Q1 2019. The company said that this 39.2% decrease is due to higher acquisition-related charges and other incidentals.
The company is implementing several measures to reduce costs and preserve capital during the COVID-19 crisis. At the moment, it refrains from providing financial guidance for 2020.
INTERTRUST 23 APRIL 2020
Announced that it saw a revenue increase of 2.1% in Q1 2020, underlying to EUR 142.1 million.
Although the company has remained strong through 80%-90% recurring revenue and long-term contracts with clients, it has decided to withdraw guidance for 2020.
FLOW TRADERS 21 APRIL 2020
Announced in its Q1 results that the firm has been able to function normally in the wake of COVID-19 as it implemented business continuity measures in all regions. It reports:
VOPAK 21 APRIL 2020
Announced an EBITDA of EUR200 million for Q1 2020 vs EUR215 million in Q1 2019 (pre-divestment).
EBITDA increased by EUR3 million to EUR200 million quarter-on-quarter. Further, it reports an occupancy rate for subsidiaries of 84%, compare to 86% in Q1 2019. The company said that it has experienced little impact on the business from COVID-19, and all of its 66 terminals are still in operation.
FUGRO 17 APRIL 2020
Announced that the COVID-19 pandemic and current decline in oil prices will have a significant impact on Seabed Geosolutions’ activity levels and 2020 results.
NSI 16 APRIL 2020
Announced in its Q1 trading update that its it has strong solvency and liquidity considering the current economic environment.
Due to the uncertainty surrounding the COVID-19 crisis, NSI has withdrawn its outlook for 2020.
FAGRON 14 APRIL 2020
Announced turnover grew 16.4 per cent (+19.2 per cent at constant exchange rates) during the first quarter with limited impact from the COVID-19 pandemic.
AIR FRANCE-KLM 9 APRIL 2020
Announced that it has drastically reduced its flight activity, with the next few months expected to be less than 10% of last year’s level.
The Group states that it is confident that it will be able to obtain additional financing to meet all its future financial obligations and enable it to ensure the recovery of its activity beyond the current crisis.
Additionally, the Group announced in its monthly traffic release that in March 2020, it experienced a -56.6% reduction of Group passenger activity, a -50.6% reduction in traffic, and a -20.5pts reduced load factor.
SBM OFFSHORE 8 APRIL 2020
Announced in a press release that activity and operations continue, with some incremental expenditure to keep operations running safely. Measures have been taken to postpone non-vital programs to reserve cash to help offset impacts from COVID-19.
An update on the status of the outlook and guidance for 2020 financials will be provided in its Q1 Trading Update on May 14, 2020.
FUGRO 6 APRIL 2020
Announced that it has experienced some project setbacks due to increased travel restrictions and country lockdowns, which are impacting the business, particularly in the Europe-Africa region. The company states that it is implementing measures to ensure business continuity.
OCI 6 APRIL 2020
Announced in its investor update report that governments have deemed all OCI products as essential to ensure uninterrupted supply of food and other essential products. It has not experienced any production setbacks or disruptions from the challenges presented by COVID-19.
ALTICE EUROPE 2 APRIL 2020
Announced in its Annual Report 2019 that as of the date of issuance of the Consolidated Financial Statements, it is facing a low margin activity in the context of shop closures in many countries where the Group operates, some delays in the construction of FTTH homes passed in France and a decline in the advertising businesses (Teads and NextRadioTV). The Group states that the impact has been limited, since the crisis only began at the beginning of March 2020.
APERAM 1 APRIL 2020
Announced that the Board of Directors has decided to prudently defer the start of the share buyback program by 6 months to assess the severity and duration of the economic contraction, while keeping the announced dividends.
PHARMING 30 MARCH 2020
In its Annual Report 2019, the company states that there is no significant probability of adverse effects on revenue, costs or other activity from the current COVID-19 outbreak during the next 18 months.
SBM OFFSHORE 24 MARCH 2020
Announced that it has access to enough liquidity: both from its currently undrawn revolving credit facility, from committed project financing, as well as cash. The Company is on track to complete its earlier announced share repurchase program.
ALTICE EUROPE 24 MARCH 2020
Announced yesterday that it is taking steps to respond to the known and currently anticipated impacts of the COVID-19 coronavirus outbreak on the business, customers and employees.
Given the industry in which Altice Europe operates, the Group expects its cashflows to remain resilient throughout the crisis. Examples of the impacts observed within the Group so far include store closures, resulting in reduced sales and reduced churn, and reduced marketing expense. The Group continues to maintain fibre-roll out where possible.
INTERTRUST 23 MARCH 2020
Announced that there has been no material adverse impact on revenues from COVID-19, nor on cash. Intertrust offices around the world have seen minimal disruption to date, operating under the business continuity plan and continuing to provide service as usual.
GRANDVISION 20 MARCH 2020
The company reported that it estimates sales will be negatively affected by the continued spread of the virus. Consequently, due to decisions by local authorities, all of GrandVision’s stores are temporarily closed in a number of markets including Belgium, France, Italy, Poland and Spain. In most other markets the store networks remain fully or partially open, however sales are negatively impacted up to a high double-digit percent range.
· As of closing February 2020, GrandVision had a net debt position of €750m with borrowings of €894 and cash equivalents of € 154m million. In 2019 the Company renewed a Revolving Credit Facility (RCF) of € 1,200 million until 2024 provided by a total of 15 relationship banks. It contains 2 extension options of 1 year each.
· As of closing of February 2020, a total of € 385 million was drawn under the RCF with a further € 509m obtained in short term flexible finance. GV has significant headroom in relation to its financial covenants and has started to draw from the RCF, adding considerable immediately available liquidity to the Company.
NSI 19 MARCH 2020
In an update published last week, the company addressed that the Dutch government has already announced measures to support SME and freelancers in the wake of the COVID-19 pandemic. The company states that if these prove insufficient, NSI will review potential further support of tenants on a case-by-case basis. Operationally the business has so far this year performed in line with budget, with an EPRA vacancy rate as per Wednesday 18 March of 7.0%.
· The liquidity position at the end of March will be even better in comparison with the end of 2019, with circa €280 million of cash and committed undrawn credit lines available for the business.
· As planned, subject to AGM approval, on 19 May NSI will pay the earlier communicated final dividend of € 1.12 per share, offering shareholders the option to take the dividend in shares.
APERAM 19 MARCH 2020
Announced that it has temporarily paused production at some of its European production lines in response to COVID-19. Such measures are expected to take a few days to implement, depending on the operations.
The restart and the further output level will be adapted in line with future measures ordered by authorities, the related impact on its workforce and the production situation of its customers. All of its service centers continue to operate normally at the moment.
SECTION | ASCX
|
LUCAS BOLS 4 DECEMBER 2020 The spirits company has completed its acquisition Passoã by purchasing the remaining shares in the Passoã SAS joint venture held by Rémy Cointreau. The purchase price of EUR 71.3 million is financed through an acquisition bank facility and cash. Huub van Doorne, CEO Lucas Bols: “We are very pleased with the completion of the transaction and I would like to thank Rémy Cointreau for the pleasant and constructive cooperation during the past four years. In December 2016 we added Passoã, a truly iconic brand, to our portfolio, and we have nurtured the brand from the first day onwards." NEDAP 12 NOVEMBER 2020 Reported a 5% decreased in third quarter revenue compared with the same period in 2019, primarily driven by measures imposed by governments in response to the COVID-19 crisis. It saw increased growth in its Healthcare and Livestock Management business units, while it experienced a negative impact in its Light Controls unit. The company states that it will pay a one-off interim dividend of USD 2.25 per share. It expects a further decrease in Q4 2020 compared to the same period in 2019, primarily driven by the continued negative impact from the COVID-19 pandemic. TOMTOM 14 OCTOBER 2020 Reported a revenue increase of 20% compared to Q2 2020 (EUR 124 million). Specifically, the Group saw a 24% increase in Automotive operational revenue to EUR 59 million, compared with EUR 48 million in Q2 2020. Despite headwinds from COVID-19, the company announced a multi-year expansion and extension of its contract with Uber. Going forward, it expects full year revenue come in at EUR 530 million. CEO Taco Titulaer said “Although there have been notable sales improvements in recent months, we feel that the economic circumstances remain too uncertain to resume our share buyback program at the moment.” NIBC 6 OCTOBER 2020 Announced the acceptance period for its offer to Blackstone has been extended until 21 December 2020, due to an extension of the time required to obtain regulatory clearances. ACCSYS 18 SEPTEMBER 2020 In a market update, Accsys reported that sales have gradually recovered following its last earnings report in April 2020, which announced that COVID-19 had significantly disrupted its distribution channel. Due to improved conditions, the company has reinstated all salaries, including those of the senior management team and the Board, to their pre-COVID-19 levels. In the UK, all employees who had been furloughed have returned to work. Furthermore, it reiterates that its government support application for the NOW scheme was only applicable to Q1 2020. KENDRION 10 SEPTEMBER 2020 During its Capital Markets Day, Kendrion presented its 2025 strategic ambitions, such as achieving a 5% growth on organic revenue on average per year - with 2019 as the baseline. It aims to maintain its dividend policy to distribute 35% to 50% of net profits to shareholders. Regarding short-term objectives, it expects the impact of COVID-19 to continue for the remainder of 2020 and possibly into 2021. FORFARMERS 3 SEPTEMBER 2020 Announced that it will cancel the 11,042,219 ordinary shares repurchased during its 2017 and 2019 share buy-back programmes of (excluding the shares which were repurchased for the employee participation plans). This comes after the August 4 announcement that the company had completed its share buy-back programme. EUROCOMMERCIAL PROPERTIES 28 AUGUST 2020 The property investor reported in its 12-month interim results that it has reached agreements, including rent holidays, with 83% of tenants regarding store closures and additional safety measures brought on by COVID-19. Sales turnover for June was 90% on a like-for-like basis compared with the same period in 2019. Furthermore, 1H rent collection came in at 89% and 78% for Q2 after agreed terms. The company states that it is well positioned going forward, considering the possibility of a second wave and further lockdowns. OCI 27 AUGUST 2020 Reported a second revenue decline of 8% to USD875 million, while 1H revenue increased 9% to USD 1.7 billion vs H1 2019. The decrease in revenue for Q2 is due to lower selling prices of OCI’s nitrogen products and methanol. The company states the impact from COVID-19 has not directly affected production or distribution thus far, as OCI products have been deemed essential. SIF 27 AUGUST 2020 The offshore holding company announced 1H revenues of EUR 151.2 million, compared with EUR 170.4 million in 2019. Due to the COVID-19 pandemic, the company experienced some delays, low utilisation and an increased number of employee sick days. Based on its current order book, the company expect to 2020 EBITDA to come in at the same level as 2019. NEWAYS 27 AUGUST 2020 Reported an H1 net turnover decline of 8.1% to EUR 243.0 million driven by a drop in demand due to temporary closures of auto clients during the months of April and May. Its order book has declined by 26.4% compared to June 2019, driven by a sharp decline in order intake from automotive sector. CEO Eric Stodel said: “In the coming period, we will remain focused on managing costs, investments and working capital to protect our profitability and cash position.” VIVORYON 27 AUGUST 2020 Reported a first-half year operating loss of EUR 7.5 million, an increase of EUR 4.4 million compared with H1 2019 (EUR 3.0 million). This loss is primarily driven by increased research and development costs. It states that it is well-positioned to continue its Alzheimer’s clinical trials, as well as its cancer and fibrosis therapy research. |
ALFEN 26 AUGUST 2020
The energy solutions company reported a first half year revenue growth of 47% to EUR 90.3 million, driven by positive performance in all business segments, including Smart grids, EV charging and Energy storage. The company states that it has experienced limited impact from COVID-19 on its operations, as extensive safety measures have been implemented to prevent disruptions. The company reconfirms its 2020 full-year revenue outlook of EUR 180-200 million.
VAN LANSCHOT KEMPEN 26 AUGUST 2020
Announced net profit for H1 2020 came in at EUR 9.5 million, while second quarter net profit came in at EUR 20 million. The company states that it experienced a significant impact from COVID-19 on Q1 2020 results - stating that it was effected by negative market performance was a factor in this - but has seen an increase in Q2 revenue driven by the successful implementation of cost savings measures, as well as solid operational performance.
B&S 24 AUGUST 2020
Reported half-year overall turnover decreased by 7% to EUR 835.6 million, due to the negative impact from COVID-19. There was a 9.1% decrease in turnover for the groups HTG Liquor segment, while its Cruise segment has come to a complete standstill since the outbreak of the pandemic in Q1. Furthermore, its Health and Beauty segments outperformed anticipated Q2 levels as stores began to reopen once again in the second quarter. It expects Q3 to reflect a partial recovery in sales volumes and further recovery in Q4, driven by online channels and recovery in key markets.
HEIJMANS 20 AUGUST 2020
Reported a half-year revenue increase of 15% to EUR 839 million, compared with EUR 730 million in 1H 2019, stating the increase in revenue is primarily due to seasonality and timing effects, while the majority of the impact from COVID-19 was absorbed in 1H 2020. Its Building and Technology sector experienced a strong increase, while it’s residential and non-residential building business segment suffered that greatest impact from COVID-19 due to delays in deliveries and logistics, but no projects were halted. It expects 2020 results to be in line with that of 2019.
ICT 19 AUGUST 2020
Reported a half-year revenue increase of 2% to EUR 81.4 million (vs EUR 79.8 million 1H 2019), an organic revenue decline of 1.3% The group states that it experienced a limited impact from the corona virus crisis during Q1 2020; however, the impact because more visible in April and May – specifically in its Industrial Automation business segment. In June, it began implementing further cost saving measures, including the arrangement for a revised financing agreement with Rabobank, including additional EUR 10 million credit facility and extension of repayment schedule. It expects EBITDA in 2H 2020 to be in line with Q1 2020.
FOR FARMERS 13 AUGUST 2020
The Dutch feed company reported a gross profit increase of 2.5% to EUR 219.5 million in 1H 2020 compared with EUR 214.1 million in 1H 2019, primarily driven by improved product mix with focus on specialties. Total feed volume declined 5.6% to 4.8 million tonnes; primarily due to measures placed on the out-of-home sector due to COVID-19. Despite the impact from COVID-19, it expects to 2020 underlying EBITDA and net profit to exceed that of 2019, partly as a result of the efficiency measures taken.
KENDRION 13 AUGUST 2020
Reported a half-year revenue of EUR 194.7 million, down 10% compared with the same period last year (EUR 217.3 million). Second quarter revenue came in at EUR 85.1 million, 22% lower than Q2 2019. The company states that its automobile segment was severely impacted by a decline in car purchases for the months of May and June, while its industrial segment was impacted to a lesser extent. Meanwhile, it has highlighted that its supply chain is fully operational with close monitoring in place to ensure the safety of employees. CEO Joep van Beurden said, “Looking ahead, we expect the pandemic to continue to determine our (business) life. We withstood the shock of the COVID-19 crisis, adjusted our cost levels and stabilised our financial position. We have reached agreement in principle with the banks on an increased buffer within our financial covenants.”
NIBC 13 AUGUST 2020
Announced that half-year net profit was significantly impact by EUR 84 million in credit losses, including a EUR 20 million management overlay driven by the corona virus crisis. Additionally, the bank reported a EUR 1 billion decrease in total assets for corporate clients, driven by the deliberate rebalancing and reduction of its cyclical sectors, as well as high pre- and repayments in other sectors. CEO, Paulus de Wilt said, “Half year results are clearly impacted by COVID-19 and are substantially lower than our own ambitions and our previous expectations for 2020 with bottom line results almost evaporated to a net profit EUR 3 million.”
AVANTIUM 12 AUGUST 2020
The chemical technology company announced that total revenues and other income for 1H 2020 increased from EUR 7.1 million to EUR 8.8 million, while net loss came in at EUR 11.0 million (1H 2019: EUR 12.6 million). The company said it has experienced a setback in its Catalysis systems, as travel restrictions from COVID-19 pandemic have interfered with the installation and maintenance of its Flowrence systems at customer sites. Furthermore, its Renewable Chemistries and Renewable Polymers business units have not been significantly impacted.
ORDINA 30 JULY 2020
The independent IT service provider reported H1 2020 turnover came in at 188 million (vs 186.9 million in 1H 2019), with a 37% increase in business proposition sales (vs 32% in H1 2019). The company expects a limited impact from the COVID-19 pandemic on its results.
BRUNEL 31 JULY 2020
Announced a second quarter revenue decrease of 8% year-on-year to EUR 223 million and an H1 revenue decrease of 1% to EUR 480 million. The company states that although it saw project delays, reductions and cancellations driven by COVID-19, the impact from COVID-19 is less severe than expected. Specifically, it has seen the most severe impact in the DACH region, while the Netherlands is slowly increasing profitability compared to last year. It expects lower revenue in Q3 compared to Q2, but higher profitability driven by cost saving measures and seasonality.
VASTNED 29 JULY 2020
Announced EUR 0.85 per share in H1 2020 vs EUR € 0.96 per share in H1 2019 due to the negative impact from COVID-19. The company reports that rent collection is at 84%; this relatively high number is because it has made payment arrangements with nearly all tenants in its portfolio. Additionally, the company reports that it has granted EUR 2.3 million in rent waivers to tenants struggling from the impact of the COVID-19 pandemic. Vestned reported a new 2020 forecast of EUR 1.70 - EUR 1.85 per share.
AMG 28 JULY 2020
Reported second quarter 2020 revenue of USD 207.6 million, a 32% decrease from USD 303.6 million in the second quarter of 2019. EBITDA for Q2 came in at USD 7.8 million, a 67% decrease from USD 23.8 million in Q2 2019. The company states that this decline is largely due to pandemic-induced lower volumes and prices in the metals and chemicals market. To conserve capital, it is freezing non-essential capital expenditure and is executing an initial restructuring program which is expected to reduce operating costs by USD 15 million per annum.
ACCELL 24 JULY 2020
Despite the impact from coronavirus lockdowns, Accell group reported a year-on-year sales growth of 53.1% in June, bringing H1 net sales to EUR 676.9 million, up 4.0% versus last year. Operating cash flow came in at EUR 129.1 million as part of precautionary cash management measures taken in response to the virus outbreak. The company says it expects EBIT for the full year 2020 to be lower than that of 2019 due to seasonality and disruptions in the supply chain caused by the COVID-19 pandemic.
ACOMO 23 JULY 2020
The trader in spices and nuts, edible seeds, tea and food ingredients reported that revenue for H1 2020 came in at EUR 356.8 million, up 3.1% compared to H1 2019 (EUR 346.2 million). The group said that it experienced significant impact on its edible seeds, spices and nuts units – most prominently during the initial lock down phase of the pandemic. Due to the uncertainty caused by the COVID-19 pandemic, it will not provide further guidance at this time. It proposes its shareholders an interim dividend of EUR 0.40.
NEDAP 23 JULY 2020
Reported that the effects of COVID-19 on the business have been fairly limited, with turnover in the first half of 2020 was EUR 93.5 million, only -0.7% lower than the same period in 2019. After a strong start in the first quarter with turnover growth of 9%, turnover in the second quarter showed a decrease of 9% due to the impact of COVID-19. Due to continued uncertainty surrounding the COVID-19 pandemic, Nedap has refrained from providing guidance for the remainder of the year.
SLIGRO 23 JULY 2020
The food service group reported net sales in the first half of 2020 amounted to EUR 943 million, down 16.9% on the corresponding period in 2019. As a result of the COVID-19 pandemic, net sales, excluding tobacco products and De Kweker, have fallen by almost 55% since mid-March compared with last year. The second quarter saw a slow recovery with the gradual relaxation of the government measures, resulting in a decline of approximately 35% towards the end of June. The company states that it has managed to protect cash flow by managing costs through the utilization of government facilities and monitoring of working capital.
WERELDHAVE 21 JULY 2020
The real estate investor announced in its Q2 results that it reinstalled its outlook 2020 EPRA EPS at EUR 1.70 to EUR 1.90. In February 2020 it provided an outlook for EPRA EPS of EUR 2.35-2.45 but withdrew this outlook due to uncertainty caused by COVID-19.
CEO Matthijs Storm said, “We feel it is our duty to provide an adjusted 2020 earnings guidance, though in a wider range than usual. Of course, this guidance is based on gradual recovery and does not consider a second wave of lockdowns and forced shop closures.”
It reports that rent collection for the quarter came in at 59%, and that it is still in negotiations with tenants on crisis agreements. Furthermore, it states that its EUR 100 million green financing agreement will cover liquidity for the next year, until March 2021.
TOMTOM 15 JULY 2020
Announced in its Q2 results that although the second quarter revenue was down by 41% to EUR 124 million from the corona virus crisis, it has secured multiple opportunities in the automotive and enterprise sectors. The company says that it expects revenue to recover in the second half of 2020 and will continue to invest in research and development to further improve its navigation products.
NEDAP 16 JUNE 2020
Published an extra trading update for Q2 2020, citing that revenue is expected to be lower than Q2 2019 due to a negative impact from COVID-19. The company said that it is not yet possible to provide a financial outlook.
ACCELL GROUP 12 JUNE 2020
Reports a recovery in sales for the month of May, following a 27% drop in sales from the coronavirus lockdowns in March and April. Although it is increasing production, it expects delays in the second half of 2020 as the coronavirus crisis has affected product availability and supply chain continuity.
NIBC 8 JUNE 2020
Announced it has re-entered discussions with Blackstone, supported by its majority shareholders J.C. Flowers & Co and Reggeborgh Invest B.V. to amend the proposed transaction. The key proposed amendments consist of a reduction of the offer price to EUR 7 per share and the introduction of a liquidated damages payment of EUR 46 million made by Blackstone in circumstances where the offer is not declared unconditional because regulatory clearances are not obtained and in certain other cases.
LUCAS BOLS 28 MAY 2020
Reported in its full year results for 2019/20 that revenue came in at EUR 84.0 million, down 3.5% compared to the previous year. The company experienced a 30% decrease in sales from the impact of COVID-19 during the month of March, with global brands being hit the hardest.
As over half of the company's business stems from on-trade activity, it expects that the impact from COVID-19 will continue to worsen whilst lockdowns remain. As lockdowns in various markets begin to ease, it expects a gradual recovery – however, overall results will be lower than the previous year.
VASTNED 21 MAY 2020
Announced that it will be accelerating its strategy aimed at growing its high street assets in Amsterdam, Antwerp, Paris and Madrid. The strategy was due to be updated next year, but the company decided to move forward early, due to the current retail market and outbreak of COVID-19.
B&S GROUP 18 MAY 2020
Reported that the Group has experienced an impact from COVID-19 on its Q1 2020 results, with a 5.3% drop in organic turnover. However, it reports that online sales to platforms and the acquired medical supply business of Lagaay counterbalanced the effect of COVID-19, resulting in only a 1.3% decline in Q1 revenue. As a result of COVID-19, the Group expects to see a 25-35% decline in sales volumes for Q2 2020 on a like-for-like basis.
SIF 14 MAY 2020
Reported that Q1 2020 EBITDA fell 34% compared to Q1 2019, primarily due to the impact from COVID-19 on production in March 2020. The group said that it has paused offshore projects in the oil and gas industry considering the current market climate caused by COVID-19. It foresees that total production for FY2020 will be slightly lower than originally forecasted.
VIVORYON THERAPEUTICS 14 MAY 2020
Reported that research and development expenses rose to EUR 2.83 million compared to EUR 447,000 in Q1 2019. Further, it reported a net loss of EUR 3.3 million for Q1 2020, compared to EUR 910,000 in the first quarter of 2019.
HEIJMANS 8 MAY 2020
Announced turnover exceeded expectations for Q1 2020, with 666 homes sold through April 2020, compared with 479 in 2019. The company said that it experienced little impact from the COVID-19 pandemic but cannot provide a concrete outlook due to uncertainty surrounding the market.
VAN LANSCHOT KEMPEN 7 MAY 2020
Announced a net loss of EUR 10.5 million for Q1 2020, driven by material impact on structured products and investments in own funds. Income from operating activities came in at EUR 88.3 million, down 27% compared to EUR 120.2 million in Q1 2019. The company said that capital and liquidity ratios have remained robust.
ALFEN 6 MAY 2020
Announced that the company performed exceptionally well amid the COVID-19 pandemic, pulling in EUR 44.1 million in revenue, up 58% versus Q1 2019 (EUR 28.0 million). The energy company says the impact from COVID-19 is minimal, as order intake has remained strong and it has not experienced any cancellations. The company will not provide guidance considering the uncertainty from COVID-19.
VASTNED 6 MAY 2020
Reported strong operating results in Q1 2020, with the occupancy rate down slightly to 97.0% compared with 98.0% in Q1 2019. The company said that it is in close contact with tenants regarding the lockdown situation from COVID-19, stating that they are tailoring arrangements to meet both the tenants needs as well as Vastned’s shareholders.
AMG 5 MAY 2020
Announced it experienced a 20% decrease in revenue to USD 278.3 million, compared with USD 346.5 million in Q1 2019. This significant drop in revenue is due to the decline in metal prices across the company's portfolio. It also reports that EBITDA came in at EUR 22.3 million, a 56% decrease from EUR 50.4 million in Q1 2019, largely due to a decrease in ferrovanadium prices and drop in titanium alloy sales.
LUCAS BOLS 30 APRIL 2020
Reported in its full year results that the company is experiencing a revenue decrease of 3.5, particularly because COVID-19 lockdowns have forced many on-trade businesses to close, where the company makes most of its profits.
NIBC 28 APRIL 2020
Private equity firm Blackstone announced that it is renegotiating the terms of its proposed acquisition of NIBC, saying it is unable to fund the acquisition due to NIBC postponing its dividend payment.
SLIGRO 23 APRIL 2020
Announced that sales for Q1 2020 came in at EUR 533 million, up 1% compared with Q1 2019 (EUR 528 million). The company said it suffered a significant impact from COVID-19, stating that many of its customers had to shut down operations, resulting in a EUR 45 million drop in sales. It expects that current market conditions will continue into Q2 2020. It refrains from providing guidance on its half year results, set to be announced July 23.
AMG 20 APRIL 2020
Announced it will withdraw its earnings guidance for 2020 due to volatility surrounding the COVID-19 pandemic. A new target will be announced once the global industrial economy begins to stabilize. The company said its liquidity remains strong, with approximately $200 million in cash, $170 million of undrawn revolver capacity, and $300 million of cash reserved to finance its ferrovanadium expansion project in Ohio.
NIBC 17 APRIL 2020
Announced that in light of the current circumstances from COVID-19, NIBC foresees that it will not achieve its previously formulated medium-term objective of 10 – 12% ROE over 2020.
NEWAYS 16 APRIL 2020
Announced in its Q1 trading update that net turnover came in at EUR 127.2 million, a 4.3% decline compared to Q1-19, due to low turnover in automotive.
Due to COVID-19, it expects turnover and results to be lower in the first half of 2020. Furthermore, the company is implementing a number of measures to deal with the impact of COVID-19 on the business.
TOMTOM 15 APRIL 2020
Announced revenue fell by 23% to EUR 131 million (Q1 '19: EUR 170 million). The company said it experienced the most impact from COVID-19 on its Automotive and Consumer revenue and has experienced no material impact on Enterprise revenue.
TomTom had already withdrawn its full year guidance for 2020 at the end of March.
KENDRION 7 APRIL 2020
Announced that it has experienced a negative impact on revenues and order take on its European and U.S. automotive business, as car manufacturers temporarily shut down production.
The company will release its Q1 results on May 5, 2020.
VAN LANSCHOT KEMPEN 3 APRIL 2020
Announced that it will take the advice of the European Central Bank (ECB) and De Nederlandsche Bank (DNB), and delay payment of the 2019 dividend until after 1 October 2020 at the earliest.
B&S GROUP 2 APRIL 2020
Announced that it has a solid balance sheet and sufficient credit facilities to cover its liquidity needs. The Group has implemented various measures related to working capital and cost control, concentrated on aligning net debt and EBITDA going forward, allowing the Group to keep operating within its covenants and providing head room once volumes pick up again and sourcing opportunities arise.
NEDAP 2 APRIL 2020
Announced in its Q1 2020 Trading Update that the COVID-19 pandemic will have a negative impact on Nedap’s revenue and profit. Currently, the company is unable to reliably estimate what the consequences will be for the individual business units’ revenue development.
NIBC 31 MARCH 2020
Announced that, given its strong capital and liquidity position, NIBC has several measures in place to support clients affected by the COVID-19 virus.
TOMTOM 31 MARCH 2020
Announced that it will withdraw its 2020 outlook, as the economic impact resulting from the COVID-19 pandemic on its financial results cannot be reliably assessed.
NEWAYS 30 MARCH 2020
Announced that it is taking measures aimed at safeguarding the continuity of its operations in the coming period. Such measures include:
Furthermore, Neways is unable to estimate the impact of the COVID-19 outbreak on its turnover and result for 2020.
HEIJMANS 26 MARCH 2020
Announced that is has revised its decision to pay a dividend on the 2019 results. The company states that while the financial impact of the Covid-19 crisis is still limited for Heijmans at the moment, the outlook for 2020 in terms of revenue and results is extremely uncertain. The company therefore cannot provide an outlook for the remainder of the year.
ACCELL GROUP 25 MARCH 2020
Announced that it will withdraw the dividend proposal 2019 of EUR 0.30 per ordinary share and remove item 5.b from the Annual General Meeting agenda. The company states that the dividend withdrawal is part of a package of managerial measures taken to ensure business continuity for the coming period, in an effort to offset the anticipated negative impact of the COVID-19 outbreak on its net turnover and profit in the first half of 2020. Accell Group states that additional measures include:
JUMP TO SECTION
SECTION | AEX
ARCELOR MITTAL 7 MAY 2020
Announced it will suspend all dividend payments until the economic environment stabilizes.
SHELL 30 APRIL 2020
Announced that it will reduce its quarterly dividend from USD 0.47 per share to USD 0.16 per share (representing approximately USD 10 billion), in a move to provide financial resilience and further flexibility to manage the uncertainty.
PHILIPS 30 APRIL 2020
Announced that it will plan an EGM to be held in the second half of June 2020, to submit a dividend proposal of EUR 0.85 per common share, distributable in shares only.
HEINEKEN 22 APRIL 2020
Announced it will not pay an interim dividend following its half year results in August 2020.
PHILIPS 20 APRIL 2020
Announced that the distribution of EUR 0.85 will be in shares only, instead of the currently proposed distribution in cash or in shares at the option of the shareholder. To that effect, Philips withdraws the dividend proposal that was already submitted to the Annual General Meeting of Shareholders to be held on April 30, 2020.
ASM 6 APRIL 2020
Announced that it will propose to declare a regular dividend of €1.50 (one Euro fifty cents) per common share and an extraordinary dividend of €1.50 (one Euro fifty cents) per common share at its AGM on May 18.
NN GROUP 6 APRIL 2020
Announced that it will take the advice of the EIOPA and the Dutch Central Bank (DNB) to suspend payment distribution of the 2019 dividend until further notice. Additionally, the EUR 250 million share buyback programme, which commenced on 2 March 2020, will be temporarily suspended.
A.S.R. 5 APRIL 2020
Announced that it will take the advice of the EIOPA and the Dutch Central Bank (DNB) to temporarily postpone any dividend payments and share buyback programs until the financial and economic impact over the COVID-19 outbreak becomes clear. Furthermore, it will also postpone the current share buyback program until further notice.
AEGON 3 APRIL 2020
Announced that it will take the advice of the Dutch Central Bank (DNB), and forego its 2019 final dividend of EUR 0.16 per common share. Taking into account the interim dividend paid in September 2019, this results in a total dividend for the financial year 2019 of EUR 0.15 per common share.
On April 2, 2020 the Dutch Central Bank (DNB) released a statement urging insurers to suspend dividend payments and share buyback plans considering the current economic climate
ABN AMRO 30 MARCH 2020
Announced that it has decided to keep the initial proposal for distribution of the dividend for the financial year 2019 but make the actual payment conditional to the reassessment of the situation once the uncertainties caused by COVID 19 disappear (and, in any case, not before 1 October 2020). Additionally, ABN AMRO will not pay an interim dividend in August 2020.
ING 30 MARCH 2020
Announced that it will follow the recommendations made by the European Central Bank by suspending any payment of dividends on its ordinary shares until at least 1 October
2020.
The European Central Bank (ECB) published a press release on Friday, 27 March urging banks not to distribute dividends or accommodate share buy-backs until at least October. The Dutch Central Bank (DNB) strongly endorses the statement.
SIGNIFY 27 MARCH 2020
Announced that it will suspend its financial outlook for 2020. Additionally, Signify has decided to withdraw the proposal to pay a dividend of EUR 1.35 per share to ensure resilience during this period of market uncertainty. The company has also decided to postpone its Capital Markets Day that was scheduled to take place on June 18, 2020, in London. A new date will be
UNIBAIL-RODAMCO-WESTFIELD 23 MARCH 2020
Announced on Monday that it will withdraw its 2020 AREPS guidance and expects to provide an update on its guidance when it can reliably estimate the duration, severity, and consequences of the current situation regarding COVID-19.
SECTION | AMX
GRANDVISION 5 MAY 2020
Announced that it will not propose to distribute dividends at its AGM.
WDP 29 APRIL 2020
Announced that, as in prior years, it will offer shareholders an optional dividend.
FAGRON 14 APRIL 2020
Announced that it will reduce its 2019 dividend proposal from EUR 0.15 to EUR 0.08 per share.
On April 2, 2020 the Dutch Central Bank (DNB) released a statement urging insurers to suspend dividend payments and share buyback plans considering the current economic climate
BOSKALIS 2 APRIL 2020
Announced that it has decided not to schedule a dividend proposal over the financial year 2019 for the agenda of the Annual General Meeting of Shareholders (AGM) and to suspend its share buy-back program as of next week.
INTERTRUST 2 APRIL 2020
Announced that it has decided to cancel its 2019 dividend payment in order to retain financial flexibility.
NN GROUP 31 MARCH 2020
Announced that no final dividend over 2019 will be proposed at its AGM, following the guidance received from DNB in view of the current climate from COVID-19.
BAM 31 MARCH 2020
Announced that it will withdraw the dividend proposal 2019 from the agenda for the Annual General Meeting of 15 April 2020.
ALTICE 29 MARCH 2020
It was reported that Altice will not pay a dividend to shareholders due to the COVID-19 pandemic. The company has not paid a dividend since it was incorporated.
BRUNEL 27 MARCH 2020
Announced that although the company’s current financial position remains strong, it has made the decision to cancel the proposed dividend for the financial year 2019 due to lack of visibility over the likely duration of the pandemic and the volatility in the markets.
The European Central Bank (ECB) published a press release on Friday, 27 March urging banks not to distribute dividends or accommodate share buy-backs until at least October. The Dutch Central Bank (DNB) strongly endorses the statement.
SIGNIFY 27 MARCH 2020
Announced that it will suspend its financial outlook for 2020. Additionally, Signify has decided to withdraw the proposal to pay a dividend of EUR 1.35 per share to ensure resilience during this period of market uncertainty. The company has also decided to postpone its Capital Markets Day that was scheduled to take place on June 18, 2020, in London. A new date will be announced in due course.
SECTION | AsCX
NIBC 18 MAY 2020
Announced that it has committed to pay its 2019 final dividend of EUR 0.53 before settlement of the offer by Flora Acquisitions B.V. in order to enable Flora Acquisitions to pay for the offer at EUR 9.32 per share.
VASTNED 6 MAY 2020
Announced that it will propose to reduce its final dividend for 2019 to EUR 1.43 and will cancel its interim dividend.
WERELDHAVE 24 APRIL 2020
Announced that it has cancelled its final dividend payment for 2019, as well as interim dividends. Instead, it will pay a final dividend for 2021.
ORDINA 23 APRIL 2020
Announced that it will withdraw its dividend proposal for 2019 due to the uncertainty surrounding COVID-19.
ICT GROUP 22 APRIL 2020
Announced that it will not distribute a dividend for 2019.
KENDRION 7 APRIL 2020
Announced that that it will withdraw its dividend proposal of € 0.25 per share for 2019 as a precautionary measure in response to COVID-19.
WERELDHAVE 7 APRIL 2020
Announced that it has decided to withdraw the proposal to make a final dividend payment of € 0.63 and has cancelled quarterly interim dividends regarding the fiscal year 2020.
VAN LANSCHOT KEMPEN 3 APRIL 2020
Announced that it will take the advice of the European Central Bank (ECB) and De Nederlandsche Bank (DNB), and delay payment of the 2019 dividend until after 1 October 2020 at the earliest.
NEDAP 2 APRIL 2020
Announced that it will withdraw their resolution regarding the profit appropriation for the 2019 financial year and the dividend payable. Later in the year when there is more clarity about the company’s developments, an interim dividend will be considered, financial results permitting.
B&S GROUP 2 APRIL 2020
Announced that it will withdraw its proposal for dividend payment of € 0.09 per share for full year 2019.
NIBC 31 MARCH 2020
Announced that it will follow the recommendations made by the European Central Bank to credit institutions under ECB supervision to conserve capital and refrain from making dividend payments and perform share buy-backs until at least 1 October 2020.
NEWAYS 30 MARCH 2020
Announced that it will withdraw its dividend proposal of € 0.28 per share for 2019 as a precautionary measure in response to COVID-19.
The European Central Bank (ECB) published a press release on Friday, 27 March urging banks not to distribute dividends or accommodate share buy-backs until at least October. The Dutch Central Bank (DNB) strongly endorses the statement.
BRUNEL 27 MARCH 2020
Announced that although the company’s current financial position remains strong, it has made the decision to cancel the proposed dividend for the financial year 2019 due to lack of visibility over the likely duration of the pandemic and the volatility in the markets.
ARCADIS 26 MARCH 2020
Announced that it has decided to stop the current share buy-back program and to withdraw the dividend proposal from the agenda for the Annual General Meeting as scheduled for May 6th, 2020 as a precautionary measure to contain costs and protect its cash position.
ACCELL GROUP 25 MARCH 2020
Announced that it will withdraw the dividend proposal 2019 of EUR 0.30 per ordinary share and remove item 5.b from the Annual General Meeting agenda. The company states that the dividend withdrawal is part of a package of managerial measures taken to ensure business continuity for the coming period, in an effort to offset the anticipated negative impact of the COVID-19 outbreak on its net turnover and profit in the first half of 2020. Accell Group states that additional measures include:
JUMP TO SECTION
SECTION | AEX
HEINEKEN 22 APRIL 2020
Announced that it has cut 2020 bonuses for Senior Managers, including the Executive Board and the Executive Team.
WERELDHAVE 7 APRIL 2020
Announced that it has decided to withdraw the proposal to make a final dividend payment of € 0.63 and has cancelled quarterly interim dividends regarding the fiscal year 2020.
UNIBAIL-RODAMCO-WESTFIELD 8 APRIL 2020
Announced that it has enforced partial activity measures in various countries to preserve employment where possible and allow a swift return to full capacity once the COVID-19 pandemic has passed.
The unpaid remuneration will be donated to support efforts to fight the COVID-19 crisis in all countries in which URW operates
SECTION | AEX
PHARMING 20 MAY 2020
Announced that the proposals to alter its current remuneration policy were withdrawn at its AGM on May 20, 2020. Therefore, the current remuneration policy will remain in place.
AFC AJAX 12 MAY 2020
The football club announced that players, trainers and employees will take salary cuts.
EUROCOMMERCIAL PROPERTIES 6 MAY 2020
Reported that all members of the Management Board have reduced their base salaries by 20% from May for a period of three months. Additionally, their variable remuneration has been cancelled.
SIGNIFY 24 APRIL 2020
Announced that its Supervisor Board and Leadership Team will take a 20% salary reduction for Q2 2020. Further, the company said that many employees voluntarily supported a 20% worktime reduction and pro-rata pay adjustment for a period of 3 months in an effort to reduce costs during the COVID-19 pandemic
KLM 18 APRIL 2020
Announced that the Supervisory Board and President & CEO have decided to withdraw an item proposing adjustment of executive remuneration from its AGM agenda. Due to the impact from COVID-19, no bonus will be paid for FY2020. Earlier, it was decided that no fixed salary increases will be paid to members of the board of managing directors for 2020. There will be no dividend pay-out either.
FAGRON 14 APRIL 2020
Announced that its non-executive members of the Board of Directors decided to waive 25 per cent of their remuneration for 2020. The money will be used to support efforts to fight COVID-19.
AIR FRANCE-KLM 9 APRIL 2020
Announced that its board members, Chair and CEO will take a reduction of their remuneration in solidarity with all employee groups.
BAM 8 APRIL 2020
BAM Nuttall announced that it is furloughing approximately 300 employees and its senior management team have taken voluntary reductions in salaries.
AALBERTS 2 APRIL 2020
Announced that it is anticipating difficult conditions in the coming months due to the COVID-19 pandemic and has therefore decided to reduce the salary of the Management Board and Executive Team by 20% for three months, effective 1 April 2020.
Additionally, the company will:
BAM 31 MARCH 2020
Announced that its Executive Committee and Supervisory Board members have agreed to reduce their pay by 20 per cent whilst this pandemic plays out.
SECTION | ASCX
VASTNED 6 MAY 2020
Announced that the members of the Executive Board and Supervisory Board will have their remuneration reduced by 15% for the months of May, June and July.
LUCAS BOLS 30 APRIL 2020
Reported that its Management Board and Leadership Team will waive their variable remuneration for the 2019/20 financial year and the first half of 2020/21.
ACCELL GROUP 22 APRIL 2020
The Board of Management announced during its AGM that it will refrain from any form of regular variable compensation over the 2020 financial year. Further, CEO Ton Anbeek will refrain from the proposed increase of his short-term (cash) bonus as included in the revised remuneration policy.
FORFARMERS 14 APRIL 2020
Announced that it has withdrawn the proposal to change its remuneration policy from its AGM meeting, set to take place April 24, 2020.
KENDRION 7 APRIL 2020
Announced that the company has taken several precautionary measures to reduce costs and maintain liquidity, including enforcing short-term work in several of its European facilities and implementing a temporary salary reduction for Kendrion's management.
JUMP TO SECTION
SECTION | AEX
ING 10 JUNE 2020
Announced that Cosabase, an open banking platform in which ING is the main shareholder, has welcomed Nordic bank Nordea and the French Crédit Agricole CIB as new investors and strategic partners, raising EUR 10 million.
BASIC-FIT 9 JUNE 2020
Announced it has successfully raised EUR 133.3 million through an accelerated bookbuild offering of 5,333,333 new ordinary shares, priced at EUR 25.00 per new ordinary share.
NN GROUP 19 MAY 2020
Announced that its subsidiary NN Life, has completed three transactions to reduce longevity risk for a EUR 13.5 billion portfolio of pension liabilities which will strengthen their capital posit.
ARCELORMITTAL 18 MAY 2020
Announced that it has secured a loan of EUR 75 million from the European Investment Bank (EIB) to support two projects dedicated to reducing carbon emissions by converting waste and by-products into valuable new products, helping to develop low-carbon steelmaking technologies, in line with the EU’s climate objectives.
ARCELORMITTAL 12 MAY 2020
The steelmaker announced that it has priced USD 750 million in common shares and USD 1.25 billion in mandatory convertible bonds with a maturity rate of 3 years. Furthermore, the Mittal family participated in the offering with an order of USD 200 million.
ASML 28 APRIL 2020
Announced it has successfully placed a Eurobond offering of senior notes for EUR 750 million. The transaction is expected to be settled on May 7, 2020.
JUST EAT TAKEAWAY.COM 23 APRIL 2020
Just Eat Takeaway.com announced that it has successfully placing 4.6 million new ordinary shares, representing approximately 3.2% of the Company’s issued share. It raised EUR 400 million in new shares and EUR300 million in convertible bonds, due April 2026.
The placement of these shares comes one day after the company announced an accelerated bookbuild for new shares and convertible bonds in an effort to maintain a competitive position and financial flexibility.
BASIC-FIT 22 APRIL 2020
Reported that it arranged EUR40 million in additional financing and is currently making arrangements to obtain EUR60 million in government aid.
HEINEKEN 22 APRIL 2020
Announced that it has successfully secured additional financing in recent weeks by issuing bonds. The company reports that it entered the COVID-19 crisis with a strong balance sheet and an undrawn committed revolving credit facility of EUR3.5 billion set to mature in 2024.
RANDSTAD 22 APRIL 2020
Announced that it has strong liquidity and will be making use of government aid.
ARCELOR MITTAL 16 APRIL 2020
Announced that it has secured a credit facility of USD 3 billion to add to the company's financial flexibility. The new credit facility will have a maturity of 12 months and can be used for general corporate purposes.
SECTION | AMX
GRANDVISION 18 JUNE 2020
Announced in it has obtained an Additional Liquidity Facility of €400 million as well as an amendment to its existing 2019–2024 EUR 1,200 million Revolving Credit Facility (RCF).
ALTICE EUROPE 19 MAY 2020
Announced that it has extended the maturity and repayment of its corporate financing facility until 2023. It reports that it will not have any major maturities before 2025, with the average maturity extended to 6.3 years.
AIR FRANCE-KLM 7 MAY 2020
Announced it is taking several cash preservation measures and will require additional liquidity in Q3 2020 considering a negative operational cash cost burn around 400 million euros per month in Q2 2020 and uncertainty for the rest of 2020. On May 6, the Group signed for EUR 7 billion in financing from the French government, which will provide further support in the coming period.
EUROCOMMERCIAL PROPERTIES 6 MAY 2020
Announced that it has extended two long-term loans due to expire in July 2020, with principal amounts of EUR 50 million in Italy and EUR 45 million in Sweden. An additional EUR 60 million loan will expire in 2021.
AIR FRANCE-KLM 24 APRIL 2020
Announced that it has secured a total of EUR 7 billion in funding from the French government to provide relief to the company as it has been severely impacted by the COVID-19 pandemic.
The company said that discussions with the Dutch government to provide additional funding are still ongoing.
WDP 22 APRIL 2020
Announced it has received EUR 205 million in financing that will be allocated towards green standard certification projects in Romania. The loans will have a duration of up to nine years, will be structured as term loans and will be partially euro- and partially dollar denominated.
WDP 22 APRIL 2020
Announced it has signed a debt financing package of approximately EUR110 million within the context of the 2019-23 growth plan.
BOSKALIS 14 APRIL 2020
Announced that it has refinanced its revolving credit facility (RCF) providing the company with EUR 500 million committed bank financing until April 2025. The new facility provides the option for a EUR 150 million increase, as well as two 1-year extension options.
SECTION | ASCX
NIBC 13 JULY 2020
Released an amended merger protocol related to the all-cash public offer by Flora Acquisition B.V. for all NIBC shares, with an offer of EUR 7.53 per share which includes a EUR 0.53 per share dividend payment by NIBC.
SLIGRO 1 JULY 2020
Announced that its primary lending bank has allowed a relaxation of the covenants that had originally been agreed as a result of the negative impact from COVID-19. In addition, ample scope has been provided for liquidity to support operations and to meet repayment obligations in the autumn of 2020
ALFEN 16 JUNE 2020
Announced that it has increased its offering of 1,500,000 new ordinary shares to a total of 1,750,000 new ordinary shares, representing 8.75% of the Company’s issued share capital. The company has raised a total of EUR51 million as a result.
ACCELL GROUP 12 JUNE 2020
Announced that it has agreed an additional two-year amortizing bank facility of EUR 115 million with its bank consortium under the Dutch GO-C scheme. EUR 60 will be drawn from this facility in 2020 and the remainder will be available until 1st of April 2021, serving as an extra financial buffer in the event of further implications from the corona virus crisis.
LUCAS BOLS 28 MAY 2020
Reported that it has engaged in discussions with its banks to arrange financing amendments that will temporarily allow covenants to be tested on EBIDTA and liquidity levels for 2020/21.
SLIGRO 23 APRIL 2020
Announced that it has negotiated a short-term increase in its working capital facilities with
its main bank.
ICT GROUP 22 APRIL 2020
Announced that it is proactively reaching out to its financing banks regarding the extension of loans and postponement of redemption schedules.
JUMP TO SECTION
SECTION | AEX
POSTPONED AGMs
IMCD 19 MAY 2020
Announced that it has rescheduled its AGM to take place on June 30, 2020. The company states that it strongly encourages shareholders not to attend the meeting in person and exercise their right to vote via online proxy.
ARCELORMITTAL 13 MAY 2020
Announced that it has rescheduled its AGM to take place virtually on June 13, 2020. Shareholders can submit questions before June 6, 2020.
IMCD GROUP 7 APRIL 2020
Announced that it will postpone its upcoming Annual General Meeting of Shareholders scheduled for May 7, 2020. Additionally, it will accelerate the publication of its Q1 trading update to April 20, 2020.
ARCELOR MITTAL 31 MARCH 2020
Announced that it will postpone its Annual General Meeting scheduled for the 5 May 2020 until further notice, due to the measures in the context of COVID-19.
RANDSTAD 23 MARCH 2020
Announced that it will postpone its Annual General Meeting on 24 March 2020. A new date for the meeting will be announced as soon as feasible.
ALTERNATIVE MEASURES
A.S.R. 7 MAY 2020
Announced it will hold its AGM, scheduled for Wednesday 20 May 2020, exclusively by electronic means. Shareholders can submit questions in advance.
ADYEN 1 MAY 2020
Announced shareholders will not be allowed to physically attend its Annual General Meeting of Shareholders on May 26, 2020. Shareholders can follow the meeting via webcast and are permitted to ask questions during the meeting.
PHILIPS 28 APRIL 2020
Announced that shareholders will not be allowed to physically attend its Annual General Meeting of Shareholders on April 30, 2020. Shareholders can follow the meeting via webcast.
SHELL 24 APRIL 2020
Announced that it has scheduled an additional engagement opportunity regarding its AGM to be held May 19, 2020. In light of the current situation surrounding the COVID-19 pandemic, the meeting will be held in a purely digital format.
AEGON 17 APRIL 2020
Announced that it will hold its Annual General Meeting of Shareholders (AGM) on May 15, 2020 in a purely electronic form due to circumstances caused by the COVID-19 outbreak.
AKZO NOBEL 17 APRIL 2020
Announced that it will hold its AGM on April 23, 2020 in a purely electronic form due to circumstances caused by the COVID-19 outbreak
HEINEKEN 17 APRIL 2020
Announced that it will hold its AGM on April 23, 2020 in a purely electronic form due to circumstances caused by the COVID-19 outbreak
GALAPAGOS 16 APRIL 2020
Announced that it has prohibited the physical presence of shareholders, proxyholders, holders of subscription rights or other persons otherwise entitled to attend the annual (ordinary) and extraordinary shareholders’ meetings scheduled for 28 April 2020 at 2:00 p.m. (CET). Shareholders are kindly invited and strongly encouraged to vote prior to the meetings, either by voting form or by proxy.
ABN AMRO 15 APRIL 2020
Announced that it will proceed with its AGM on April 22, 2020. Due to the COVID-19 health risk, only a limited number of Executive Board and Supervisory Board members will attend the meeting in person. The company urges shareholders to exercise their voting right through an electronic or written proxy.
NN GROUP 15 APRIL 2020
Announced that it will proceed with its AGM on May 28, 2020. Due to the COVID-19 health risk, the company urges shareholders to follow the meeting remotely via webcast rather than attend in-person and exercise their right to vote electronically or via proxy.
ING 10 APRIL 2020
Announced that it will proceed with its AGM on April 28, 2020. Due to the COVID-19 health risk, only a limited number of Executive Board and Supervisory Board members will attend the meeting in person. The company urges shareholders to exercise their voting right through an electronic or written proxy.
POST NL 9 APRIL 2020
Announced that it will hold its AGM on April 14, 2020. Due to the COVID-19 health risk, the company urges shareholders to follow the meeting remotely via webcast rather than attend in-person and exercise their right to vote electronically or via proxy.
A.S.R. 8 APRIL 2020
Announced that it will hold its AGM on May 20, 2020. Due to the COVID-19 health risk, the company urges shareholders to follow the meeting remotely via webcast rather than attend in-person and exercise their right to vote electronically or via proxy.
ASM 6 APRIL 2020
Announced that it will proceed with its AGM on May 18, 2020. Due to the COVID-19 health risk, the company urges shareholders to follow the meeting remotely via webcast rather than attend in-person and exercise their right to vote electronically or via proxy.
AEGON 3 APRIL 2020
Announced that it will proceed with its AGM on May 15, 2020. Due to the COVID-19 health risk, the company urges shareholders to follow the meeting remotely via webcast rather than attend in-person and exercise their right to vote electronically or via proxy.
JUST EAT TAKEAWAY.COM 2 APRIL 2020
Announced in a convocation notice that it will hold its AGM on May 14, 2020. Due to the COVID-19 health risk, the company urges shareholders to exercise their voting right through an electronic or written proxy and not to attend in-person.
As of Friday, 3 April 2020, the Dutch Council of Ministers announced that it will enforce an emergency law that will allow publicly listed companies and associations to hold their AGM’s completely online via livestream due to the current COVID-19 crisis.
WOLTERS KLUWER 1 APRIL 2020
Announced that it will proceed with its AGM on April 23, 2020. Due to the COVID-19 health risk, the company urges shareholders to exercise their voting right through an electronic or written proxy and not to attend in-person.
ING 31 MARCH 2020
Announced that it will hold its AGM on April 28, 2020. Due to the COVID-19 health risk, the company urges shareholders to exercise their voting right through an electronic or written proxy and not to attend in-person
AHOLD DELHAIZE 30 MARCH 2020
Announced that it will hold its Annual General Meeting of Shareholders (AGM) on April 8 2020. Due to the COVID-19 health risk, the company urges shareholders not to attend the AGM in-person and to vote in advance of the meeting.
GALAPAGOS 28 MARCH 2020
Announced that it will move forward with its AGM, set to take place on Tuesday, 28 April 2020. The company states that it strongly encourages shareholders not to attend the meetings in person and exercise their right to vote remotely or via written proxy.
In order to mitigate risk and avoid the spreading of the virus, many organizations are implementing hybrid meetings to hold their AGMs by allowing members to attend virtually via live stream, while voting online. Among these companies include Arcadis, Ahold Delhaize, AkzoNobel, IMCD, ING, KPN, Signify and Philips.
ABN AMRO, ASML and Unilever announced in early March that they are offering shareholders the ability to submit questions online.
HEINEKEN announced on March 23 that it has extended the electronic voting and proxy voting deadline and is encouraging shareholders attend the AGM online. Meanwhile, SBM Offshore. announced on March 24 that the AGM will be held entirely online and will not permit any shareholders or visitors to attend the meeting in person.
SECTION | AMX
POSTPONED AGMs
GRANDVISION 19 MAY 2020
Announced that it has rescheduled its AGM to take place virtually on June 30, 2020.
CORBION 18 MAY 2020
Announced that it has rescheduled its AGM to take place virtually on June 29, 2020. Shareholders can submit questions up to 72 hours prior to the meeting
FLOWTRADERS 13 MAY 2020
Announced that it has rescheduled its AGM to take place virtually on June 24, 2020.
FLOW TRADERS 21 APRIL 2020
Announced it would postpone its AGM to a date yet to be determined.
FAGRON 14 APRIL 2020
Announced that it will hold its AGM on May 11, 2020. Due to the COVID-19 health risk, the company urges shareholders to follow the meeting remotely via webcast rather than attend in-person and exercise their right to vote electronically or via proxy.
VASTNED 30 MARCH 2020
Announced that it will postpone its Annual General Meeting scheduled for the 16 April 2020 until further notice, due to the measures in the context of COVID-19.
AALBERTS 26 MARCH 2020
Announced that the AGM scheduled for 22 April 2020 is now postponed to 25 June 2020. According to the statutory notice period, the AGM agenda will be published on 14 May 2020.
CORBION 26 MARCH 2020
Announced that it will postpone its upcoming Annual General Meeting of Shareholders to 29 June 2020 (the original date was 11 May 2020).
GRANDVISION 20 MARCH 2020
Announced that it has decided to postpone its AGM to Tuesday 30 June 2020 in order to protect the wellbeing of its employees and shareholders.
BOSKALIS 18 MARCH 2020
Announced that the AGM which was to be held on 13 May has been postponed to 30 June 2020. According to the statutory notice period, the AGM agenda will be published on 19 May 2020.
ALTERNATIVE MEASURES
AALBERTS 14 MAY 2020
Announced that it will hold its AGM on June 25, 2020 via webcast only. Shareholders can submit questions before June 22, 2020.
PHARMING 8 APRIL 2020
Announced that it will hold its AGM on May 20, 2020. Due to the COVID-19 health risk, the company urges shareholders to follow the meeting remotely via webcast rather than attend in-person and exercise their right to vote electronically or via proxy.
As of Friday, 3 April 2020, the Dutch Council of Ministers announced that it will enforce an emergency law that will allow publicly listed companies and associations to hold their AGM’s completely online via livestream due to the current COVID-19 crisis.
APERAM 3 APRIL 2020
Announced that it will hold this year’s General Meetings without a physical presence, as permitted by Luxembourg law. Shareholders may exercise their right to vote electronically or by proxy voting.
VOPAK 3 APRIL 2020
Announced that it will proceed with its AGM on April 21, 2020. Due to the COVID-19 health risk, the company urges shareholders to follow the meeting remotely via webcast rather than attend in-person and exercise their right to vote electronically or via proxy.
TKH GROUP 26 MARCH 2020
Announced that it will hold its AGM on May 7, 2020. Due to the COVID-19 health risk, the company urges shareholders to exercise their voting right through an electronic or written proxy and not to attend in-person.
INTERTRUST 2 APRIL 2020
Announced that it will proceed with its AGM on May 14, 2020. Due to the COVID-19 health risk, the company urges shareholders to exercise their voting right through an electronic or written proxy and not to attend in-person.
SECTION | AsCX
POSTPONED AGMs
NEDAP 14 MAY 2020
Announced that it has rescheduled its AGM to take place virtually on June 25, 2020.
ICT GROUP 13 MAY 2020
Announced that it has rescheduled its AGM to take place virtually on June 24, 2020. Shareholders can submit questions in advance.
VIVORYON THERAPEUTICS 12 MAY 2020
The pharmaceutical developer announced that it has postponed its AGM which was set to take place on June 24, 2020 to half September.
VASTNED 6 MAY 2020
Announced it has postponed it AGM to the 25 June, 2020.
TOMTOM 5 MAY 2020
The navigation technology provider announced its AGM will now be held virtually on 15 June 2020.
TOMTOM 7 APRIL 2020
Announced that it will postpone its upcoming Annual General Meeting of Shareholders scheduled for April 15, 2020.
KENDRION 30 MARCH 2020
Announced that it will postpone its Annual General Meeting scheduled for the 6 April 2020 until further notice, due to the measures in the context of COVID-19.
ALTERNATIVE MEASURES
AVANTIUM 29 APRIL 2020
Announced that shareholders will not be allowed to physically attend its Annual General Meeting of Shareholders on May 14, 2020. Shareholders can follow the meeting via webcast. Shareholders are permitted to submit questions by May 11, 2020.
BRUNEL 28 APRIL 2020
Announced that shareholders will not be allowed to physically attend its Annual General Meeting of Shareholders on May 14, 2020. Shareholders can follow the meeting via webcast. Shareholders are permitted to submit questions ahead by May 7, 2020.
SLIGRO 28 APRIL 2020
Announced that it will hold its Annual General Meeting of Shareholders on June 9, 2020 via webcast only due to circumstances caused by the COVID-19 outbreak.
WDP 20 APRIL 2020
Announced it will hold its AGM on 29 April 2020 and has invited shareholders to attend virtually.
AMG 20 APRIL 2020
Announced that it will proceed with its AGM on May 6, 2020 and has invited shareholders to attend virtually.
VAN LANSCHOT KEMPEN 16 APRIL 2020
Announced that it will hold its AGM on May 28, 2020. Due to the COVID-19 health risk, the company urges shareholders to follow the meeting remotely via webcast rather than attend in-person and exercise their right to vote electronically or via proxy.
ACOMO 9 APRIL 2020
Announced that due to the COVID-19 health risk, the company will hold its AGM on April 30, 2020 via live webinar only. Voting will exclusively take place via proxy voting.
WERELDHAVE 7 APRIL 2020
Announced that it will proceed with its AGM on April 24, 2020. Due to the COVID-19 health risk, the company urges shareholders to follow the meeting remotely via webcast rather than attend in-person and exercise their right to vote electronically or via proxy. If a shareholder wishes to attend in person, they must submit a written request by April 21, stating why physical attendance is necessary.
As of Friday, 3 April 2020, the Dutch Council of Ministers announced that it will enforce an emergency law that will allow publicly listed companies and associations to hold their AGM’s completely online via livestream due to the current COVID-19 crisis.
AVANTIUM 2 APRIL 2020
Announced that it will proceed with its AGM on May 14, 2020. Due to the COVID-19 health risk, the company urges shareholders to exercise their voting right through an electronic or written proxy and not to attend in-person. If a shareholder wishes to attend in person, they must submit a written request by May 7, stating why physical attendance is necessary.
B&S GROUP 2 APRIL 2020
Announced that it will proceed with its AGM on May 19, 2020. Due to the COVID-19 health risk, the company urges shareholders to exercise their voting right through an electronic or written proxy and not to attend in-person.
BRUNEL 1 APRIL 2020
Announced that it will proceed with its AGM on May 14, 2020. Due to the COVID-19 health risk, the company urges shareholders to exercise their voting right through an electronic or written proxy and not to attend in-person.
SIF GROUP 1 APRIL 2020
Announced that it will proceed with its AGM on May 14, 2020. Due to the COVID-19 health risk, the company urges shareholders to exercise their voting right through an electronic or written proxy and not to attend in-person.
NEWAYS 30 MARCH 2020
Announced that it will move forward with its AGM, set to take place on 16 April. The company explicitly requests shareholders to attend the General Meeting of Shareholders via live webcast.
FORFARMERS 27 MARCH 2020
Announced that it will permit very few members of the Supervisory Board and the Executive Board to physically attend the AGM, besides the notary and the independent proxy holder for the shareholders. It still scheduled to take place on 24 April.
JUMP TO SECTION
SECTION | AEX
ING 9 DECEMBER 2020
The Dutch bank released a statement saying it welcomes the Court of Appeal’s final ruling upholding the settlement agreement entered into by the prosecutor related to shortcomings in the execution of policies to prevent financial economic crime at ING Netherlands, but regrets the decision to prosecute former CEO Ralph Hamers. The bank states that it will continue to work towards enhancing the management of compliance risks and embed stronger awareness across the organisation.
RANDSTAD 8 DECEMBER 2020
The HR service company published its semi-annual 2020 Workmonitor study, conducted across 34 markets, to measure how the outbreak of the COVID-19 pandemic has affected employees and their view on the future. The study revealed that 71% of employees feel emotionally supported by their employer during the COVID-19 pandemic. Furthermore, 79% of respondents believe they have the equipment and technology needed to adapt to digitalization at the same time, while only 40% report they are struggling to learn new skills required in this new digital age.
UNILEVER 30 NOVEMBER 2020
Announced the unification of its Group legal structure, entailing that it now trades with one market capitalisation, one class of shares and one global pool of liquidity, whilst also maintaining the Group’s listings on the Amsterdam, London and New York stock exchanges. Nils Andersen, Chairman of Unilever, said: “This is an important day for Unilever and we would like to thank our shareholders for their strong support of our Unification proposals, which give us greater flexibility for strategic portfolio change, remove complexity and further improve governance.
PHILIPS 8 SEPTEMBER 2020
Released the results from its Future Health Index Insights: COVID-19 and Younger Healthcare Professionals survey, which supplements the main FHI 2020 report. The survey contains feedback from 500 doctors under the age of 40 in five countries (the United States of America, China, Singapore, France and Germany). It reveals how COVID-19 has affected the attitudes and experiences of younger doctors, and how they believe the healthcare industry should change in response.
DSM 4 SEPTEMBER 2020
Announced the commencement of a 50/50 joint venture with VDL Groep titled “Dutch PPE Solutions”, that will begin production of medical facemasks, as well as the first permanent production of critical facemask components in the Netherlands. The new joint venture is expected to provide employment opportunities for dozens of people in Helmond and Geleen, the Netherlands.
PHILIPS 13 AUGUST 2020
Announced the launch of its Rapid Equipment Deployment Kit, designed for doctors, nurses, technicians and hospital staff in ICU’s to quickly support critical care patient monitoring capabilities during the COVID-19 pandemic. The Rapid Equipment Deployment Kit combines advanced patient monitoring technology with predictive patient centric algorithms that allows care teams to quickly scale up critical care patient monitoring capabilities within a few hours.
PHILIPS 7 JULY 2020
Announced the release of its mobile, prefabricated Intensive Care Units in India. Each mobile unit has nine beds and will be locally manufactured by Philips India.
WOLTERS KLUWER 7 JULY 2020
Shared a press release discussing several of its initiatives launched during the COVID-19 pandemic. Specifically, it highlights resources designed to help health professionals deal with the coronavirus, such as UpToDate and Lippincott Procedures.
PROSUS 18 JUNE 2020
Announced a collaboration with American Telemedicine Association (ATA) to drive telehealth adoptions beyond hospitals and provide further technology for in-home usage.
“Our alignment with ATA will help promote strong growth and faster adoption of telehealth and policy changes escalated during the COVID crisis as we pivot to innovate ‘virtual first’ strategies to support hospitals, payers, and patients across care settings, including digital health technologies to support healthy living in the home.” said Roy Jakobs Chief Business Leader Connected Care and member of the Executive Committee at Royal Philips.
DSGC
Over 220 Dutch companies have joined a coalition to make sustainability a focus on the COVID-19 recovery plan. Such companies include:
ABN Amro, Aegon, AkzoNobel, Ahold Delhaize, Corbion, DSM, Heineken, ING, KLM, KPN, NIBC, NN Group, Philips, Shell, Signify and Unilever.
RANDSTAD 17 JUNE 2020
Published a report revealing that 64% of employees say that they fear losing their jobs because of the COVID-19 pandemic.
PHILIPS 12 JUNE 2020
Announced the release of the Avalon CL Fetal and Maternal Pod and Patch, an addition to the Remote Patient Monitoring suite, designed to reduce mother and clinician risk of exposure to COVID-19 in hospitals and at home.
ADYEN 10 JUNE 2020
Announced that Australian fashion retailer, Incu, has experienced pre-COVID sales levels following the implementation of Ayden Pay by Link technology to reach customer markets which had been shut off by the COVID-19 lockdown
BASIC-FIT 8 JUNE 2020
Announced that as of June 8, it will begin reopening clubs in Spain and Belgium. To date, Basic-Fit has reopened 520 out of 828 clubs.
AKZONOBEL 4 JUNE 2020
Announced the testing of a wearable prototype device designed to help employees follow social distancing guidelines at work sites. The device, which will be commercialized under the name ‘SafeDistance’, activates an audible and vibrating alarm when two wearers approach each other and fail to respect the minimum safe distance.
ING 4 JUNE 2020
Announced that it has joined UNICEF’s to raise funds for their efforts to help children and vulnerable groups across 155 countries affected by the coronavirus. ING aims to raise EUR 1 million, which it will then match.
PHILIPS 2 JUNE 2020
Announced the FDA has authorized its new acute care patient monitoring solution for emergency use on COVID-19 patients in the United States. The product offers real-time monitoring of a patient’s vital signs for bedside and remote monitoring in hospitals.
ADYEN 2 JUNE 2020
The payment platform company announced that it has partnered with the Rijksmuseum to facilitate a wholly cashless payment system in preparation for the museum’s reopening. The move will also reduce the necessity of physical proximity for museum staff and visitors.
PHILIPS 26 MAY 2020
Announced the launch of a wearable biosensor designed to enhance patient surveillance and identify early deterioration in patients to help medical professionals intervene early. The biosensor will be used to monitor hospital patients with COVID-19.
UNIBAIL-RODAMCO-WESTFIELD 26 MAY 2020
Announced that its senior executives have committed to reduce their compensation while operations are being partially reduces, and it will donate the amounts remitted to several charities in France.
ING 19 MAY 2020
Announced that it is partnering with French bond issuer Caisse Francaise de Financement Local (CAFFIL) in a EUR 1 billion bond to raise financing for public hospitals in France
UNILEVER 14 MAY 2020
Announced that it has partnered with Uber to provide hygiene kits for drivers and couriers in the UK in the coming weeks.
“As people begin to venture out, we must collectively ensure that health and safety remains the absolute priority. We’re pleased that by partnering with Uber and providing our trusted hygiene products, Unilever is able to help keep drivers, couriers and riders as safe as possible,” said CEO Alan Jope
WOLTERS KLUWER 13 MAY 2020
The information services company has launched a solution tool to provide help banks and credit unions support small businesses with payroll funding during the COVID-19 crisis.
DSM 7 MAY 2020
Announced it has begun manufacturing nose swabs for COVID-19 test kits in the Netherlands, following a request from the Dutch government. DSM said it will produce 2.8 million swabs - enough to meet the entire countries testing needs for the next three months.
ADYEN 5 MAY 2020
Announced it has partnered with the United Nations Foundation to route donations via Adyen Giving - a donation function that is built into its POS and Checkout integrations - to the COVID-19 Solidarity Response Fund for the World Health Organization.
PHILIPS 1 MAY 2020
Philips Foundation announced that it has delivered two mobile isolation care units to the Italian Red Cross in Sardinia and Lombardy for patients affected by COVID-19.
UNIBAIL-RODAMCO-WESTFIELD 29 APRIL 2020
Announced a partnership with Bureau Veritas to label its shopping centres for Hygiene, Safety and Environment. The initiative will update Hygiene, Safety and Environment beyond the current framework of the COVID-19 epidemic.
DSM 28 APRIL 2020
Announced that a Dutch consortium of AFPRO Filters, Royal Auping, and Royal DSM has begun large-scale production of medical FFP2 facemasks in the Netherlands which will meet approximately 25% of the acute need for medical masks in the Netherlands.
WOLTERS KLUWER 28 APRIL 2020
Announced it will provide virtual conference alternatives for medical societies amid cancellations of annual meetings due to the COVID-19 pandemic.
PHILIPS 23 APRIL 2020
Announced that its Emergency Care and Resuscitation (ECR) business has resumed manufacturing and shipping of external defibrillators for the US, following notification from the US Food and Drug Administration (FDA) that the injunction prohibiting those activities has been lifted.
UNILEVER 23 APRIL 2020
Announced it is making EUR 500million in cash flow relief available for its most vulnerable small and medium sized suppliers and small-scale retail customers whose business relies on Unilever.
HEINEKEN 22 APRIL 2020
Announced that the de Carvalho-Heineken family together with their holding company have donated EUR10 million to eight charities supporting the COVID-19 relief efforts, four in the Netherlands and four international charities.
UNIBAIL-RODAMCO-WESTFIELD 16 APRIL 2020
Announced a series of initiatives launched throughout Central and Eastern Europe to provide support to local communities, NGO’s and local authorities.
RANDSTAD 16 APRIL 2020
Announced that the HR service industry has formed an alliance spearheaded by Randstad NV, the Adecco Group and ManpowerGroup to enable companies and workers to return to work safely when the time is right.
PHILIPS 15 APRIL 2020
Announced the launch of an online portal that allows Dutch hospitals to seamlessly share COVID-19 patient information with one another. The platform was created in cooperation with Erasmus Medical Center (Rotterdam, The Netherlands), Jeroen Bosch Hospital (‘s-Hertogenbosch, the Netherlands) and the Netherlands Ministry of Health, Welfare and Sport (VWS).
PHILIPS 14 APRIL 2020
Announced an update on its plans to double the production of its hospital ventilators by May 2020 and achieve a four-fold increase by Q3 of 2020.
HEINEKEN 8 APRIL 2020
Announced that it is deploying a series of initiatives to support stakeholders and communities during the COVID-19 pandemic, including the donation of EUR 15 million to support the International Federation of Red Cross and Red Crescent Societies (IFRC) relief efforts for the most vulnerable people affected by Covid-19, specifically in Africa, Asia and Latin America.
PROSUS 10 APRIL 2020
Announced that it has committed ₹100 crore (US$13.1 million) to the Indian government’s response to the Covid-19 crisis. The donation will be made to the ‘Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund’ (PM CARES Fund) created by Prime Minister Narendra Modi.
Donations received by the PM CARES Fund are used to alleviate directly the suffering of those affected by the Covid-19 crisis and to aid the emergency response (as well as promoting new technology and advancing research findings for resilience against similar situations in the future).
JUST EAT TAKEAWAY.COM 9 APRIL 2020
Announced that has started several local initiatives to support organisations during the pandemic, including an initiative to grant more than €4 million in free meals to emergency hospital staff across Europe.
ING 9 APRIL 2020
Announced a series of charitable initiatives launched across a number of markets, including the Netherlands, Italy, Spain, Belgium, Romania, Czech Republic, the UK and Turkey. These initiatives range from fundraising campaigns to the donation of supplies and IT equipment.
PHILIPS and AIR FRANCE-KLM 9 APRIL 2020
Philips has announced that it has partnered with KLM and the Dutch government to create a temporary special cargo airlift, made up of critical medical equipment and supplies, between the Netherlands and China. In addition to these parties, requests for extra capacity are coming in from many other organizations. The airlift to Asia will start on April 13, 2020.
UNIBAIL-RODAMCO-WESTFIELD 9 APRIL 2020
Announced that it has initiated a series of community and philanthropic actions, dedicating resources, assets and connections to address the challenges faced by vulnerable populations in the communities it operates in. In the US, URW is supporting nearly 100 NGOs, non-profits, and community organisations
UNILEVER 9 APRIL 2020
Announced that it is teaming up with businesses in the aerospace, automotive and medical sectors in a consortium which has received formal orders from the government to make in excess of 10,000 ventilators for use in UK hospitals.
PROSUS 8 APRIL 2020
Announced that its parent company, Naspers, is contributing ZAR1.5 billion (US$82 million) in emergency aid to the South African government’s response to COVID-19.
PHILIPS 8 APRIL 2020
Announced that it will partner with the U.S. Government to double the production of hospital ventilators, which are critical for COVID-19 patients, in its U.S. based manufacturing sites. Philips plans to achieve a four-fold increase by the third quarter of 2020 for supply to the U.S. and global markets.
AHOLD DELHAIZE 7 APRIL 2020
Announced that, together with its local brands in the US, Europe and Indonesia, it has deployed over €170 million toward COVID-19 relief and support efforts so far. These efforts range from health and safety measures for associates and customers, to enhanced benefits for frontline associates, to charitable donations that support local communities.
WOLTERS KLUWER 3 APRIL 2020
Announced that it will provide complimentary updates and resources on its website for clinicians, nurses and medical researchers, in response to new developments, evidence and guidance on the COVID-19 crisis.
UNILEVER 2 APRIL 2020
Announced the launch of a global COVID-19 handwashing campaign set to target a billion people worldwide. The campaign will be made in collaboration with the UK government’s Department for International Development.
PHILIPS 1 APRIL 2020
Announced that it can help general practitioners and healthcare institutions manage the increased patient flows resulting from the COVID-19 outbreak through a dedicated and scalable telehealth solution that facilitates the use of online screening, follow-up questionnaires and monitoring, and external call center collaborations.
AHOLD DELHAIZE 31 MARCH 2020
Ahold Delhaize USA announced the donation of a $10M relief package to meet community needs amid coronavirus crisis.
KPN 30 MARCH 2020
Announced that it is taking the following measures in response to the COVID-19 pandemic to best accommodate businesses and customers:
Until April 15:
Until April 13:
Furthermore, as the schools are closed, KPN is temporarily providing 1,000 4G WIFI routers for children to do their schoolwork at home.
Additionally, Helpdigitaal connects care homes with IT organizations, enabling residents to connect with their loved ones via tablets. KPN is supplying SIM cards with data for the internet connection.
ARCELOR MITTAL 31 MARCH 2020
Announced it has applied the 3D printing expertise of its R&D team to a global effort focussed on developing a 3D printed ventilator prototype.
Additionally, the company is working with associates in China to help bring medical equipment to the countries now facing an escalation and particularly those, such as India and Liberia, that will struggle to source adequate supplies.
PHILIPS 27 MARCH 2020
The Philips Foundation, a registered charity and platform for the worldwide societal activities of Royal Philips, announced practical initiatives and financial aid to support Italy’s national Civil Protection organization and Cesvi, one of Italy’s biggest humanitarian organizations, to help frontline healthcare workers and their patients during the COVID-19 crisis.
UNILEVER 24 23 MARCH 2020
Announced that it will contribute EUR 100m through donations of soap, sanitiser, bleach and food. This includes:
Furthermore, Unilever will offer EUR 500m of cash flow relief to support livelihoods across its extended value chain, through:
RELX 20 MARCH 2020
RELX announced that it is sharing free insights and resources in each of our market segments to support our people, our customers and society.
SECTION | AMX
B&S GROUP 23 NOVEMBER 2020
Announced its majority shareholder, Sarabel Invest S.à r.l., purchased 14,228,534 additional shares B&S Group S.A. from Lebaras Belgium BVBA (the investment vehicle of J.B. Meulman, former CEO of B&S Group S.A.). Following settlement of this transaction, Sarabel Invest will own 68.63% of the issued and outstanding share capital of the B&S Group.
ALTICE EUROPE 7 DECEMBER 2020
Issued a press release stating it has received a copy of a petition to the Enterprise Chamber of the Amsterdam Court of Appeals on behalf of one of its shareholders, Lucerne, requesting an inquiry into Altice Europe's corporate governance – particularly in relation to its all-cash offer by Next Private B.V. for all issued and outstanding common shares. Altice Europe states it has responded to the petition and is confident regarding the outcome of the proceedings.
INTERTRUST 7 DECEMBER 2020
Announced Stephanie Miller will be stepping down from her role as CEO, and as a Member of the Management Board and the Executive Committee. The Supervisory Board has nominated Shankar Iyer take over as acting CEO, effective 7 December 2020. Stephanie Miller said: “I would like to thank the Supervisory Board and all my colleagues at Intertrust for an incredibly rewarding and successful three years. The business is in good hands with Shankar and I wish them all the best as they continue to deliver on the strategy. I now look forward to taking on my next challenge.”
AIR FRANCE - KLM 15 SEPTEMBER 2020
Dutch airline KLM has announced that it will require all passengers on board its aircrafts to wear face masks, effective September 21. Children under the age of 10 are exempt from these regulations.
Furthermore, it will offer refundable or redeemable flight vouchers for flights booked before or on March 2021. Boet Kreiken, Executive Vice President Customer Experience KLM said: "We notice that many people want to travel but are reluctant to book due to uncertain times and constantly changing travel advice. We understand this and therefore offer our customers flexibility with this measure. This new measure naturally also applies to customers who already have a KLM ticket or travel voucher. We expect that this extra security and flexibility will give consumers the confidence to book and fly with KLM again.”
PHARMING 17 AUGUST 2020
Announced the publication of data in the peer-reviewed journal, Frontiers in Immunology, from a compassionate use programme of five patients with confirmed COVID-19 infections hospitalised with related severe pneumonia that were treated with RUCONEST at the University Hospital Basel, Switzerland.
BAM 10 AUGUST 2020
Shared a video showing a 57-day transformation of an old DIY store into a new 116-bed mini general hospital with near theatre-standard performance, complete with scanners.
PHARMING 10 AUGUST 2020
Announced that it has enrolled the first patient for a randomized, controlled, investigator-initiated clinical trial with RUCONEST for patients with confirmed COVID-19 infections hospitalized with related severe pneumonia at the University Hospital Basel in Basel, Switzerland.
KLM 21 JULY 2020
Announced it will resume passenger flights to mainland China via the Amsterdam Shanghai route. Furthermore, it has announced that it will implement an adjusted flight schedule for flights between Schiphol and the Gulf States in the Middle East from 28 September. Additionally, it will expand its network to Riyadh in Saudi Arabia.
VOPAK 21 JULY 2020
Announced it has signed a debt issuance in the US Private Placement (USPP) market for a total amount of USD 350 million and EUR 150 million. Funding will take place towards the end of this year and is subject to customary closing conditions.
SIGNIFY 16 JUNE 2020
Announced that its UV-C light sources can reduce, and even inactivate, the COVID-19 virus in the air and on surfaces. The study was conducted in partnership with the National Emerging Infectious Diseases Laboratories (NEIDL) at Boston University in the US to determine the effectiveness of Signify’s UV-C light sources on SARS-CoV-2, the virus that causes COVID-19 “Our test results show that above a specific dose of UV-C radiation, viruses were completely inactivated: in a matter of seconds we could no longer detect any virus,” said Dr. Anthony Griffiths. “We’re very excited about these findings and hope that this
AIR FRANCE-KLM 2 JUNE 2020
KLM announced it will expand its destination routes from July 2020, which should result in a 60% increase in operating flights compared to June 2020.
AIR FRANCE 18 MAY 2020
Air France announced that it will gradually increase its flight schedule between now and the end of June, as lockdowns and travel restrictions begin to ease.
ARCADIS 7 MAY 2020
Published a report addressing the problems its clients are facing from the COVID-19 pandemic. The report offers possible solutions, including the integration of digitization to ensure successful business continuity into the future.
WDP 29 APRIL 2020
Announced it will be supporting a number of local initiatives in markets around the world for its #InThisTogether campaign. The Board of Directors as well as the two CEOs will contribute 15% of their remuneration from Q2 2020 for this support campaign. Part of the proceeds will also go to employees facing financial hardship from COVID-19.
BAM 22 APRIL 2020
Announced the opening of the NHS Nightingale Hospital Yorkshire and the Humber, which will provide around 500 beds for COVID-19 patients. The facility, which was built in just under three weeks, is the first of 7 constructed facilities to free up space in hospitals.
FLOW TRADERS 21 APRIL 2020
Announced that it has accelerated the availability of its annual personal charitable budget and donated €2.5 million to a select number of charitable foundations around the world, including Erasmus MC, Voedselbank, VentilatorPAL, The Courage Fund, The Community Chest and Mount Sinai. Additionally, it will establish the Flow Traders Foundation with the aim of promoting and funding health and wellbeing charities globally on a significant, structured annual basis.
PHARMING 21 APRIL 2020
Announced that it has observed encouraging results from five confirmed COVID-19 patients hospitalised with related severe pneumonia that were treated with RUCONEST® (recombinant human C1 inhibitor) under a compassionate use program at the University Hospital Basel, Switzerland. An investigator-initiated, multinational clinical trial of 150 confirmed COVID-19 patients will be planned to continue into the next phase of testing.
FAGRON 14 APRIL 2020
Announced that it has been granted permission by the Belgian authorities to produce hydroxychloroquine and chloroquine compounds and paracetamol drinks for Belgian hospitals in need of these products; it is providing this service at a minimal fee to cover the cost of the materials used and the transportation.
BAM 8 APRIL 2020
Announced that construction teams are working around the clock to build the new NHS Nightingale hospital in Harrogate. The group is also supporting other such schemes at multiple locations around the UK and rapidly completing coronavirus wards at several existing hospitals around the country.
BAM 2 APRIL 2020
Announced that Interflow and Gortemaker Algra Feenstra architects have developed a concept for temporary IC units to contribute to the expansion of the number of available intensive care beds.
BAM 30 MARCH 2020
Announced that it will be resuming work at a number of sites across the UK, including existing projects critical to the national Covid-19 effort.
The company is also beginning work on new projects to build emergency Covid-19 wards.
SECTION | ASCX
NEWAYS 9 DECEMBER 2020
The electronic manufacturing services company announced the Supervisory Board has nominated Steven Soederhuizen as the companies Chief Operating Officer and member of the Board of Directors, effecting 1 January 2021. Henk Scheepers, chairman of the Supervisory Board said: “The Supervisory Board is pleased with the intended appointment of Steven Soederhuizen. Steven has more than 25 years’ experience working for internationally operating engineering companies. His leadership style is marked by a client-centric approach, talent development and a focus on operational efficiency. Steven is extremely well versed in the Dutch high-tech sector and his target-oriented approach and passion for technology became clear in our interviews.”
CORBION 8 DECEMBER 2020
Announced it has been recognized with an "A" score in corporate sustainability by global environmental non-profit CDP. Paul Simpson, CEO of CDP, said: "We extend our congratulations to all the companies on this year’s A List. Taking the lead on environmental transparency and action is one of the most Important steps businesses can make, and is even more impressive in this challenging year marked by COVID-19. The scale of the risk to businesses from climate change, deforestation and water insecurity is enormous, and we know the opportunities of action far outweigh the risks of inaction. Leadership from the private sector will create an ‘ambition loop’ for greater Corbion"
WERELDHAVE 14 MAY 2020
Announced that it has reopened its centers in Belgium and France. Locations in the Netherlands have remained open over the last months.
FORFARMERS 24 APRIL 2020
Announced measures the company is taking regarding feed orders, feed delivery, company visits and the collection of bagged goods in response to the Dutch governments update on the COVID-19 pandemic. Additionally, the company announced that it has cancelled all events until September 1.
NIBC 9 APRIL 2020
Published a personal announcement assuring stakeholders that the company remains committed to its clients in providing the best service possible during these volatile times.
NIBC 1 APRIL 2020
Announced that it has donated 60 Microsoft Surface laptops to Jan Ligthartschool in The Hague. The donated laptops will help children work on their studies from home in the wake of the coronavirus pandemic.
