PricewaterhouseCoopers and Automotive News Europe announced the winners of the European Automotive Shareholder Value Awards today. Presented at the Automotive News Europe Congress in Montreux, Switzerland, the awards recognize six European companies in three different categories for value provided to shareholders over one- and three-year periods.
Retail Distributors Dixon Motors plc- U.K. Athlon Group NV-
This index, created by PricewaterhouseCoopers, the world’s largest professional services organization, reflects the average total shareholder return (TSR) for European publicly traded companies that are vehicle manufacturers, automotive suppliers or automotive retail distributors.
Updated quarterly and featured in Automotive News Europe, the index shows the total returns an investor would earn with a weighted portfolio of these equities. A similar index compiled to measure automotive companies on a global basis is updated quarterly and published in Automotive News.
Steve Utting, PricewaterhouseCoopers European automotive leader in Corporate Finance and Investment Banking said, “These awards showcase European automotive businesses that understand the reciprocal relationship between investors and companies. Some corporations are definitely working to attract investors and these indices show who is succeeding.”
To be eligible for the European Automotive Shareholder Value Award, vehicle manufacturers must have 40% European sales, suppliers must have annual sales of more than euro 100 million, with 50% of those sales in the automotive sector, and retail distribution companies must have sales of euro 250 million in the automotive industry. Returns are all measured in euros.