Ownership

Survey on the Access to Finance of Enterprises in the euro area - April to September 2022

Retrieved on: 
Friday, December 16, 2022

The sample comprised 10,984 enterprises in the euro area, of which 10,006 (91.1%) had fewer than 250 employees.

Key Points: 
  • The sample comprised 10,984 enterprises in the euro area, of which 10,006 (91.1%) had fewer than 250 employees.
  • A net 13% of euro area firms now expect turnover to increase over the next six months (down from 34% in the previous survey round).
  • At the same time, concerns about access to finance remained unchanged at a low level in the euro area (6%), while those about difficulty in finding customers declined (11%).
  • Meanwhile, concerns about competition and regulatory burdens (both 7%) were relatively limited for enterprises in the euro area.
  • 2021 H2 refers to round 26 (October 2021 March 2022) and 2022 H1 refers to round 27 (April 2022-September 2022).
  • Euro area firms reported on balance that there had been no change in the willingness of banks to provide credit.
  • The overall indicator [3] of obstacles preventing euro area enterprises from accessing bank loans remained unchanged at 7% (see Table 1, columns 11 and 12 in this section).
  • Financing conditions as perceived by euro area firms
    (weighted scores)
    a) Small and medium-sized firms

    b) Large firms

    Notes: Indicator obtained by factor analysis.

  • For details, see the box entitled Financing conditions through the lens of euro area companies,
    Economic Bulletin, Issue 8, ECB, 2021.
  • Looking ahead, euro area firms are pessimistic regarding the availability of both internal and external financing (see Charts 16 and 17 *in Section 5).
  • For details, see the box entitled Financing conditions through the lens of euro area companies,
    Economic Bulletin, Issue 8, ECB, 2021.
  • = 2 The economic situation of euro area firms = Business activity continued to improve among euro area firms over the last six months (see Chart 1).
  • The net percentage of euro area firms reporting an increase in turnover in the survey rose to 29% (from 25%).
  • At the same time, euro area enterprises reported continued increases in materials and energy costs, as well as labour costs.
  • Changes in the debt situation and real decisions of euro area enterprises
    (net percentages of respondents)

    Base: All enterprises.

  • In net terms, euro area firms reported no change in debt-to-assets ratios in this survey round, but patterns diverged to some extent across euro area countries (see Chart 20 in Annex 1).
  • The financial vulnerability of euro area enterprises has increased for both SMEs and large firms (see Chart 3).
  • By contrast, profitability decreased across the four largest economies in this survey round, in line with the euro area aggregate.
  • Despite the recent increases in the cost of borrowing, euro area firms were still not too concerned about access to finance.
  • In the euro area, only 6% of firms reported access to finance as the main factor limiting production.
  • Importance of access to finance as perceived by euro area enterprises
    (left-hand scale: percentages of respondents; right-hand scale: importance of access to finance on a scale of 1 to 10)

    Base: All enterprises.

  • .Reflecting the phasing-out of several support measures across the euro area, a net 15% of euro area firms considered the access of grants or subsidised loans to have declined.
  • Applications for bank loans by euro area enterprises
    (percentages of respondents)

    Base: Enterprises for which bank loans (including subsidised bank loans) are relevant.

  • Actual and expected turnover among euro area enterprises
    (past six-month period and next six-month period; net percentages of respondents)

    Base: All enterprises.

  • Descriptive statistics for the sample of enterprises Breakdown of enterprises by economic activity
    (unweighted percentages)

    Base: The figures refer to round 27 of the survey (April 2022-September 2022).

  • Breakdown of enterprises by age
    (unweighted percentages)

    Base: The figures refer to round 27 of the survey (April 2022-September 2022).

  • Breakdown of enterprises by ownership
    (unweighted percentages)

    Base: The figures refer to round 27 of the survey (April 2022-September 2022).

  • Breakdown of enterprises by exports
    (unweighted percentages)

    Base: The figures refer to round 27 of the survey (April 2022-September 2022).

EBA consults on Guidelines to institutions and resolution authorities on resolvability testing

Retrieved on: 
Thursday, November 24, 2022

15 November 2022

Key Points: 
  • 15 November 2022
    The European Banking Authority (EBA) today launched a public consultation on its draft Guidelines addressed to institutions and resolution authorities on resolvability testing.
  • The Guidelines aim to set-out a framework to ensure that resolvability capabilities developed to comply with the resolvability and transferability Guidelines are fit for purpose and effectively maintained.
  • Resolution authorities and banks should now move to the resolvability testing following several years of policy development by authorities and policy implementation by institutions.
  • These draft Guidelines complement the already published Guidelines for institutions and resolution authorities on improving banks resolvability and the draft Guidelines on transferability.

Maria Strandberg steps down as CFO at Castellum

Retrieved on: 
Thursday, November 17, 2022

GOTHENBURG, Sweden, Nov. 17, 2022 /PRNewswire/ --Maria Strandberg has announced that she has decided to step down from her role as CFO at Castellum for new opportunities.

Key Points: 
  • GOTHENBURG, Sweden, Nov. 17, 2022 /PRNewswire/ --Maria Strandberg has announced that she has decided to step down from her role as CFO at Castellum for new opportunities.
  • Maria Strandberg will remain in her role pending recruitment of a new CFO.
  • "I would like to thank Maria for her work at Castellum, especially for the great effort she put into integrating the accounting functions during the combination of Castellum and Kungsleden this year.
  • I wish Maria luck in her next assignment," says Rutger Arnhult, CEO Castellum AB.

Digital Realty Recognized by Nareit with the "Leader in the Light" Award for Sixth Consecutive Year

Retrieved on: 
Wednesday, November 16, 2022

AUSTIN, Texas, Nov. 16, 2022 /PRNewswire/ -- Digital Realty (NYSE: DLR), the largest global provider of cloud- and carrier-neutral data center, colocation and interconnection solutions, announced today it has earned the National Association of Real Estate Investments Trusts (Nareit) "Leader in the Light" award for data center sustainability for the sixth consecutive year. The award honors Nareit member companies that have demonstrated exemplary sustainability practices.

Key Points: 
  • "We are honored to receive this award from Nareit for the sixth consecutive year.
  • Sustainability is a core focus at Digital Realty, and this award is a reflection of our commitment to that goal," said Digital Realty Chief Executive Officer A. William Stein.
  • Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation and interconnection solutions.
  • To learn more about Digital Realty, please visit digitalrealty.com or follow us on LinkedIn and Twitter.

Brightspeed Implements Shared Success Plan for Employees

Retrieved on: 
Wednesday, November 16, 2022

As Brightspeed begins to execute on its transformative growth plans, it has also established a Shared Success Plan for all employees. The Shared Success Plan, funded by Brightspeed's majority shareholders, private equity funds managed by affiliates of Apollo (NYSE: APO) and their co-investors, is designed for employees to share in the future success of the company. There is no cost to employees and the plan will provide all those eligible -- whether salaried or hourly, union or non-union -- with an opportunity to benefit from the valuation appreciation of the company upon a change in control.

Key Points: 
  • As Brightspeed begins to execute on its transformative growth plans, it has also established a Shared Success Plan for all employees.
  • The Shared Success Plan, funded by Brightspeed's majority shareholders, private equity funds managed by affiliates of Apollo (NYSE: APO) and their co-investors, is designed for employees to share in the future success of the company.
  • "We invested in Brightspeed with a thesis to transform the company into a next-generation network provider, and this new Shared Success Plan helps to ensure the entire Brightspeed team can meaningfully share in a successful outcome," said Aaron Sobel, private equity partner at Apollo.
  • For Apollo Private Equity, the new Brightspeed plan is the second broad-based employee shared success plan of its kind to be implemented at a fund portfolio company.

Accelerating the Digital Renaissance: Supercars & Caviar, Stretch Gallery's Web3 Car Meet at Art Basel Miami, Enables 3D Scanning of Participants' Cars

Retrieved on: 
Wednesday, November 16, 2022

PHILADELPHIA and MIAMI, Nov. 16, 2022 /PRNewswire/ --Stretch Gallery and Voxbox will present Supercars & Caviar during Art Basel Miami Beach on December 3.

Key Points: 
  • PHILADELPHIA and MIAMI, Nov. 16, 2022 /PRNewswire/ --Stretch Gallery and Voxbox will present Supercars & Caviar during Art Basel Miami Beach on December 3.
  • "Whether you are new to the luxury vehicle world or a seasoned collector, the Metaverse Garage offers a new format for appreciating supercars.
  • We have combined the traditional car-meet with Web3, and Art Basel audiences are going to get revved-up when they see all the cars at the event."
  • About Stretch Gallery: When it comes to the art world, there is a big difference between preserving culture and building culture.

TrueCar Survey Shows Electric Vehicle Interest Continues to Grow Nationally With Los Angeles Consumers Ahead of the Curve

Retrieved on: 
Wednesday, November 16, 2022

"Consumers across the nation are continuing to grow in their willingness to consider an EV as their next vehicle purchase," said Mike Darrow, President and CEO of TrueCar.

Key Points: 
  • "Consumers across the nation are continuing to grow in their willingness to consider an EV as their next vehicle purchase," said Mike Darrow, President and CEO of TrueCar.
  • High gas prices and the environmental benefits of EVs are the top factors driving Los Angeles residents' interest in EVs.
  • National Consumer vs. Los Angeles EV Consumer Survey Highlights:
    Consumers' likelihood to purchase an EV as their next vehicle continues to grow nationally, increasing from 52% in March 2022 to 59% in August 2022.
  • Nationally, 31% of consumers reported being "much more likely" to consider EVs due to gas prices.

BlueVoyant's 202 Group Expands its Supply Chain Risk Management Solutions and Rebrands as BlueVoyant Government Solutions

Retrieved on: 
Wednesday, November 16, 2022

NEW YORK, Nov. 16, 2022 /PRNewswire/ -- BlueVoyant, an industry-leading cyber defense company, brings the 202 Group, which was acquired in 2021, further into the company's fold with expanded capabilities and a new brand identity as BlueVoyant Government Solutions. An independent subsidiary focused solely on providing data-driven supply chain risk management to governments, BlueVoyant Government Solutions now offers a newly enhanced version of its platform: Terrain: Supply Chain Defense for Government™.

Key Points: 
  • An independent subsidiary focused solely on providing data-driven supply chain risk management to governments, BlueVoyant Government Solutions now offers a newly enhanced version of its platform:Terrain: Supply Chain Defense for Government.
  • Supply Chain Risk Monitoring : Streamlines risk management by integrating business and cyber risk monitoring to provide early warning of events that could impact program cost, schedule, or performance.
  • Supply Chain Risk Reduction : Ensuresexpert-backed risk mitigation planning as well as remediation support and services for both business and cyber risk events through BlueVoyant's Risk Operations Center.
  • In the public sector, BlueVoyant Terrain: Supply Chain Defense for Government provides an end-to-end supply chain risk management solution for government organizations charged with defending the health and security of mission-critical programs and industrial bases.