Irish Companies’ Promising Growth Drives S&P Capital IQ®’s Ireland Focused Business Initiatives
S&P Capital IQ Data Estimates S&P Ireland BMI Constituents to Grow Faster than those in S&P Europe 350 in 2015/2016
London – 12 June 2015 –S&P Capital IQ®, a business unit of McGraw Hill Financial (NYSE:MHFI) and a leading provider of research, analytics and data, said that the S&P Ireland BMI index overall outperformed by more than double the S&P Europe 350 index in Calendar Year (CY) 2014 both in terms of revenue and earnings per share (EPS) growth*- supporting the European Commission’s identification of Ireland as Europe’s fastest growing economy in 2014**.
S&P Capital IQ’s consensus earnings estimates data shows that annual revenues for constituents of the S&P Ireland BMI grew by 9% in CY 2014, compared to 4% revenue growth for the S&P Europe 350, which tracks 350 of Europe’s largest companies. Moreover, S&P Ireland BMI constituents’ EPS grew by 96% in CY 2014, compared to just 8% across the S&P Europe 350.
The data also indicates that research brokers and analysts project S&P Ireland BMI constituents to continue to outperform S&P Europe 350 counterparts in 2015 and 2016 on an aggregate level. Overall annual revenue growth for the S&P Ireland BMI is estimated to be 12% (CY 2015) and 6% (CY 2016), respectively, and overall annual EPS growth for the index is estimated to be 24% (CY 2015) and 19% (CY 2016).
Given the increasing interest in Ireland as a destination for investment, S&P Capital IQ has expanded its fundamental dataset to include detailed financials of almost 5,000 privately-held companies in Ireland. The firm is now able to provide investors, risk managers and researchers with financials for the country’s privately-held companies – available through S&P Capital IQ’s platform as well as its powerful datafeed management solution, Xpressfeed. The expansion of its Irish private company data also complements the firm’s dataset of financials for over 570,000 Western European privately-held companies.
Following the Irish recovery and local investment opportunities, S&P Capital IQ hosted an event in Dublin on 9th June, at which presentations were given and a panel discussion led by Standard & Poor’s Ratings Services, the National Treasury Management Agency (NTMA), IDA Ireland, Enterprise Ireland, Davy and AMUNDI. Topics discussed included the factors behind Ireland’s sovereign rating and banking industry outlooks, NTMA bond market funding plans, foreign direct investment in Ireland, and exports as an engine for economic growth.
“Ireland’s economic recovery has certainly been identified by the global markets and foreign investors as a source of opportunities, which has led to an increased demand for detailed information and data on Irish companies to inform financial market participants’ investment decisions,” commented Sunny Uberoi, Head of Global Communications at S&P Capital IQ. “Our event in Dublin this week was well attended by exactly those actors who are keen to learn more about Ireland’s economic and financial situation and outlook.”
“S&P Capital IQ, as one of the leading providers of market data, research and analytics, is in this context very well placed to provide local market participants and investors into Ireland with the financial intelligence they require to make informed decisions,” continued Sunny Uberoi.
*Source: S&P Capital IQ as of 19 May 2015
**Source: European Commission, “Spring 2015 Economic Forecast: Tailwinds support the recovery”, 18 May 2015
About S&P Capital IQ
S&P Capital IQ, a part of McGraw Hill Financial (NYSE:MHFI), is a leading provider of multi-asset class and real time data, research and analytics to institutional investors, investment and commercial banks, investment advisors and wealth managers, corporations and universities around the world. S&P Capital IQ provides a broad suite of capabilities designed to help track performance, generate alpha, and identify new trading and investment ideas, and perform risk analysis and mitigation strategies. Through leading desktop solutions such as the S&P Capital IQ, Global Credit Portal and MarketScope Advisor desktops; enterprise solutions, such as S&P Capital IQ Valuations; and research offerings, including Leveraged Commentary & Data, Global Markets Intelligence, and company and funds research, S&P Capital IQ sharpens financial intelligence into the wisdom today’s investors need. For more information, visit www.spcapitaliq.com.
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