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CFO说

2016-03-25

首席财务官 2016年3期
关键词:认真思考派息亏损

E.ON Dividend CFO, E.ON Dividend

German utility E.ON will pay a dividend of 50 cents a share for 2015. But Chief Financial Officer Michael Sen warned there was no guarantee such a policy would continue, given all-time low wholesale electricity prices, the drop in the oil price and uncertainty about who will pay for Germany's nuclear exit. "We see clouds gathering on the economic front," Sen said. "We must draw our conclusions from this and consider carefully what the consequences are for our internal financing strength, investment budget and dividend payouts."

德国能源巨头E.ON将为2015年支付股息每股50美分,不过CFO Michael Sen提醒说,鉴于电力批发价格跌至历史纪录低点、石油价格下降以及谁将为德国的核出口买单存在不确定性等原因,该项政策不一定能够持续下去。“在经济阴云密布的环境下,我们必须从中进行总结,并认真思考内部融资力量、投资预算和派息可能导致的后果。”

Ashok Leyland CFO, Gopal Mahadevan

The point is that this would induce a lot more replacement demand, it would also ensure that better pollution norms are there because some of these vehicles are old. Having said that, I think while this is a direct benefit to the industry, the second part is to see that the economic self revives. So, investment led growth is going to be very critical in the Budget, we are hoping that the goods and services tax (GST) one way or the other gets implemented within a defined timeframe, there are incentivisation for capital investment also.

印度Ashok Leyland汽车公司CFO谈到,如果印度在2016年度预算中宣布新的汽车报废政策,那么,汽车需求将会得到大幅提高,产业需求将增长10-15%。“这一新政将催生更多的替代需求,污染标准也会相应提高。这对于汽车行业来说是一个直接利好,同时也有利于经济的自我恢复。因此,投资主导的经济增长将是非常关键的预算,我们希望在既定期限内实施某种形式的商品和劳务税(GST) ,同时还要鼓励资本投资。”

Cigna CFO,Tom McCarthy

Although numerous health insurers have expressed financial concerns over the Affordable Care Act exchanges, Cigna's CFO has gone against the grain. "We knew those early years on the exchange would be volatile. We expected a plan where we would lose money these past few years, and by golly, we've delivered on that plan," said Cigna CFO Tom McCarthy. "We expect to lose money again in 2016," he added. "That, to me, does not undermine the long-term attractiveness of the market. I do expect that over time, the market will evolve to be attractive for the industry generally, and for Cigna in particular."

尽管美国很多医疗保险公司表达了对平价医疗法案(Affordable Care Act)交易带来的财务方面的担忧,但Cigna(信诺)CFO Tom McCarthy持不同观点。“我们在最初几年就知道交易的实行将是不稳定的,也做好了亏损几年的准备。在2016年,我们仍将继续亏损。但这丝毫不会减弱我对这个市场的兴趣。我相信,随着时间的推移,这个市场将会爆发出更大的吸引力。”

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