MainFirst Disclosure of Interests and Conflicts of Interest Company
MainFirst Disclosure of Interests and Conflicts of Interest Pursuant to European Commission Direc ve 2003/125/EC, Sec on 34b WpHG, Sec on 5 FinAnV and any further applicable rules in case of distribu on through its affiliates, MainFirst has to disclose rela onships and circumstances that may create conflicts of interest (see “CoI Disclosure” in “CompanySpecific Disclosures of Interest or Conflicts of Interest”) because they could impair the impar ality of the producer(s), MainFirst including its affiliates or any other persons or en es that are ac ng on their behalf and are involved in the produc on of the recommenda on. Moreover, MainFirst has to disclose, on a quarterly basis, the propor on of all recommenda ons (“Recommenda on”) that are ‘buy’, ‘hold’, ‘sell’ or equivalent terms (“Outperform”, “Underperform”), as well as the propor on of issuers (“Company”) corresponding to each of these categories to which MainFirst has supplied material investment banking services (“Investment Banking Services”) over the previous 12 months (see “Distribu on of Equity Research Recommenda ons”). Company-Specific Disclosures of Interest or Conflicts of Interest Only if explicitly stated herein, the author(s), MainFirst, its affi liates, any other persons or en es involved on their behalf in the prepara on of the recommenda on: (Key 1) hold shares exceeding 1% of the total issued share capital of the subject issuer or the subject securi es or other financial instruments (the “Company” or the “Companies”) calculated under computa onal methods required by German law (data as of the last trading day of the past month) (Key 2) act as a market maker or liquidity provider in the financial instruments of the Company (Key 3) belong to a consor um as a lead manager or co-lead manager of any publicly disclosed offer of financial instruments of the Company over the previous twelve (12) months (Key 4) form party to any other agreement with the Company rela ng to the provision of investment banking services that has been in effect over the previous twelve (12) months or has given rise during the same period to the payment of a compensa on or expects to receive or intends to seek compensa on for investment banking services from the Company in the next three (3) months. (Key 5) form party to an agreement with the Company rela ng to the produc on of the Publica on or any recommenda on (Key 6) act as a corporate broker to the Company (Key 7) have a material conflict of interest at the me of distribu on of the Publica on or any other significant financial interest in rela on to the Company (Key 8) have received non-investment banking related compensa on from the Company within the past year (Key 9) the aforemen oned person(s) or a member of his/her/their household(s) is an officer, director, or advisory board member of the Company. Moreover, only if explicitly stated herein (Key 10) the Company holds shares exceeding 5% of the total issued share capital of MainFirst or any of its affiliates (Key 11) a dra of this Publica on was shown to the issuer (for fact checking purposes) and changes have been made to this report prior to its publica on. Recommendation Outperform Neutral Underperform Company Report No. of Companies 181 25 103 As a % of Total 59 8 33 Recommenda on MainFirst Banking Services Provided 1 0 0 As a % of Total 0 0 0 Disclosure 06/02/2015 A2A Atresmedia Aber s Accor Credit Agricole Acea ACS Adecco Aéroports de Paris Air France - KLM Arbonia-Forster AEGON Air Liquide Airbus Group Aixtron Arkema Allianz Amadeus ams Acciona Anima Holding Applus Services Aryzta Ascom ASML Atlan a Actelion Atos Azimut Underperform Outperform Underperform Outperform Underperform Outperform Outperform Underperform Outperform Outperform Underperform Underperform Outperform Outperform Neutral Outperform Outperform Outperform Outperform Outperform Outperform Key 1 Neutral Outperform Outperform Underperform Outperform Outperform Outperform Underperform Page 1 of 6 Company Report Recommenda on MainFirst Disclosure 06/02/2015 AstraZeneca Julius Baer Group Bâloise Barry Callebaut BASF Bayer Bic BBVA Burckhardt Compression Banque Cantonale Vaudoise Belimo Beiersdorf Beneteau Banca Generali Biotest AG Bankia Bankinter BKW BMW Danone BNP Paribas Brenntag AG Banco Popolare BPER Group bpost Bucher Industries Bureau Veritas Carrefour CaixaBank Capgemini Commerzbank Chris an Dior Credem Clariant Celesio AG Cembra Cnp Groupe Casino Inmobiliaria Colonial Con nental AG Campari Axa Credit Suisse CTT Credito Valtellinese Conzzeta AG Daetwyler Daimler Deutsche Boerse Deutsche Bank Deutz AG Vinci DKSH Dialog Semiconductor Deutsche Post DHL Drägerwerk DSM DSV Dassault Systèmes Duerr AG Dufry Edenred EDF EDP EDP Renovaveis Underperform Neutral Underperform Underperform Outperform Outperform Outperform Outperform Outperform Neutral Outperform Outperform Outperform Outperform Outperform Underperform Neutral Underperform Outperform Outperform Outperform Outperform Neutral Outperform Underperform Key 11 Underperform Underperform Outperform Underperform Outperform Underperform Outperform Outperform Underperform Underperform Underperform Underperform Outperform Outperform Outperform Underperform Underperform Outperform Outperform Key 11 Outperform Outperform Outperform Outperform Underperform Underperform Outperform Outperform Outperform Outperform Outperform Underperform Outperform Underperform Outperform Key 1 Outperform Underperform Outperform Underperform Outperform Page 2 of 6 Company Report Recommenda on MainFirst Disclosure 06/02/2015 Essilor EFG Enel Green Power Endesa Ems Enel Enagas Faurecia E.on Eurofins Eutelsat Evonik easyJet Fiat Chrysler Automobiles NV FCC Ferrovial Eiffage Zurich Airport Fiat Fielmann LISI Georg Fischer Fresenius Medical Care Forbo Fuchs Petrolub Valeo Fraport AG Fresenius SE Fortum GEA Group AG Galenica GAM Holding LTD Gamesa Gas Natural Bilfinger SE Generali Geberit Eurotunnel Givaudan Societe Generale Grifols S.A. GlaxoSmithKline GDF-Suez Gemalto Gurit Gerry Weber Gerresheimer AG Havas HeidelbergCement Helve a Henkel HHLA AG Hannover Re Holcim Hoch ef AG Int. Airlines Group Iberdrola Inficon Infineon Ingenico Interroll IPSOS Intesa Sanpaolo Interparfums Intertek Outperform Outperform Neutral Underperform Underperform Underperform Outperform Neutral Outperform Outperform Outperform Outperform Outperform Neutral Outperform Outperform Outperform Outperform Underperform Underperform Outperform Outperform Neutral Outperform Outperform Outperform Outperform Outperform Neutral Outperform Underperform Outperform Underperform Underperform Underperform Outperform Outperform Underperform Outperform Outperform Outperform Neutral Outperform Outperform Underperform Outperform Outperform Underperform Neutral Underperform Outperform Underperform Underperform Outperform Outperform Underperform Underperform Outperform Neutral Outperform Outperform Outperform Outperform Outperform Underperform Page 3 of 6 Company Report Recommenda on MainFirst Disclosure 06/02/2015 Jungheinrich AG Kaba Holding Klöckner & Co Kering KION Group AG Na xis Kühne + Nagel Kemira Krones KUKA Kuoni Leoni Leonteq Lafarge Lu hansa AG Linde Lindt & Sprüngli LLB Lonza Lanxess AP Moeller Maersk Mapfre Mediolanum Michelin MLP M6 Montupet Merck KGaA ArcelorMi al MTU Aero Engines Munich Re Na onale Suisse Aurubis Neopost Nestle Nobel Biocare NORMA Group Nokia Novar s Novo Nordisk NextRadioTV Telefonica Deutschland OC Oerlikon OHL L´Oreal Porsche Pirelli C. Partners Group Banca Popolare di Milano PostNL Plas c Omnium Banco Popular Austrian Post ProSiebenSat.1 Media Portugal Telecom Publicis Puma SE Panalpina Qiagen Teleperformance Red Electrica REN Rhön Klinikum Pernod Ricard Rieter Outperform Outperform Outperform Outperform Outperform Underperform Underperform Underperform Outperform Underperform Outperform Outperform Outperform Outperform Outperform Outperform Outperform Neutral Outperform Underperform Outperform Outperform Underperform Underperform Underperform Underperform Outperform Outperform Outperform Underperform Underperform Underperform Neutral Underperform Underperform Underperform Outperform Outperform Outperform Underperform Outperform Outperform Outperform Underperform Underperform Outperform Underperform Underperform Neutral Outperform Outperform Underperform Underperform Outperform Outperform Outperform Outperform Neutral Outperform Underperform Outperform Outperform Outperform Underperform Page 4 of 6 Company Report Recommenda on MainFirst Disclosure 06/02/2015 Transocean Rocket Internet Realia Royal Mail Hermès Renault Roche Rolls-Royce RWE Ryanair Banco Sabadell Safran Sanofi Banco Santander SAP AG Stada AG Schindler Scor Sacyr K+S SES Suez Environnement SGL Carbon Compagnie de Saint-Gobain SGS Sika Sias SEB Swiss Life SMA Solar Technology AG Solvay SA Sonova So ware AG Swissquote Swiss Re Snam Schmolz+Bickenbach STMicroelectronics Straumann Strabag SE Sulzer Sodexo Solarworld Symrise Syngenta Salzgi er Technip Telefonica Temenos TF1 Telecom Italia ThyssenKrupp Mediaset España Talanx TNT Express Terna TUI AG UBI Banca UBS u-blox Holding AG UniCredit PSA Peugeot Citroën Unilever UNIQA United Internet Outperform Underperform Underperform Outperform Key 11 Underperform Outperform Outperform Outperform Outperform Underperform Underperform Outperform Outperform Neutral Outperform Underperform Outperform Key 4 Outperform Underperform Outperform Neutral Outperform Outperform Underperform Neutral Outperform Outperform Outperform Outperform Underperform Underperform Outperform Neutral Outperform Underperform Underperform Outperform Underperform Outperform Outperform Underperform Outperform Underperform Outperform Outperform Underperform Underperform Underperform Outperform Outperform Outperform Outperform Outperform Underperform Underperform Underperform Outperform Outperform Outperform Outperform Underperform Outperform Outperform Underperform Outperform Page 5 of 6 Company Report Recommenda on MainFirst Disclosure 06/02/2015 Valiant Victrex Verbund Veolia Environnement Vienna Insurance Group Virbac Voestalpine Vontobel Volkswagen VP Bank Wacker Chemie AG William Demant Wirecard Wienerberger Wincor Nixdorf Worldline WPP Zalando Zodiac Aerospace Zehnder ElringKlinger Zurich Insurance Group Outperform Underperform Underperform Outperform Underperform Outperform Underperform Key 1 Outperform Outperform Outperform Outperform Neutral Outperform Underperform Underperform Outperform Neutral Outperform Neutral Underperform Outperform Underperform Page 6 of 6
© Copyright 2024