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In 2008, Vigeo withstood the impact of the financial crisis |
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Despite the magnitude of the financial crisis and its direct impact on the 2008 net financial result (- €0.9M), Vigeo increased its turnover by 6%, achieving a figure of €6.9M.
The net result reflects a €600k drop in the value of equity shares as well as a €150k loss in its financial investments.
As regards its Socially Responsible Investment (SRI) activities, the fostering of its existing clients’ loyalty, thanks to an extended offer, and the winning of new clients have allowed Vigeo to offset the effects of the crisis and to stabilise turnover for SRI research at €4M.
The request for Audits has also increased in 2008. Even though activity has been affected by the budgetary restrictions or the deferment of projects of certain clients, turnover has nonetheless increased by 25% compared to 2007, reaching nearly €2.5M.
The sale of derivative Equitics products to the corporate market has suffered most from budgetary restrictions. Conversely, the Audit product range has been enhanced in 2008 with the addition of a "seniors" audit.
On 10 June 2009, Vigeo’s AGM approved Vigeo’s accounts.
Click here to download the 2008 activity report. |
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