Financial disclosures
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When adjusted becomes fictional: The impact of ‘customized EBITDA’ on corporate reputation
Over the past decade, the use of adjusted EBITDA metrics has spread exponentially among listed companies and in the private equity world. What began as a tool for normalizing and comparing results by removing clearly non-recurring effects has become a tool for valuation engineering and leverage. Adjustments have moved from removing one-off expenses and distortions to anticipating future improvements and treating projections as if they were historical data, diluting economic rigor.
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What makes an equity narrative compelling? An investor survey offers clear perspective
In today’s competitive capital markets, crafting a compelling equity narrative is more than a communications exercise; it is a strategic imperative. But what distinguishes the enduring from the generic? BNY’s Market Insights and Initiatives team, in partnership with S&P Global, surveyed 40 institutional investors across six continents, representing $2 trillion in equity assets under management, to answer this question.
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‘You have to get your statements absolutely right’: EQ Group’s Jo Palmer on IR adapting to AI
Among the most-entered awards at the IR Impact Awards – US 2025 were those that recognized company’s innovations in communicating with shareholders. With more and more investors and analysts using AI to fuel their processes, IR teams are having to adapt their disclosures to be read well by virtual eyes.
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Press send with confidence: how regulatory news can be made easier
Sending a regulatory release isn’t just a click — it’s the final moment in a multi-step process, often involving many stakeholders, with compliance, formatting and timing all needing to align. In that final second before pressing send, one question often lingers: Are we sure everything is right?
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Guidance in the GCC: Analysts and investors favor the few (that share forward-looking metrics)
A ‘quiet transformation’ is taking place across the Gulf Cooperation Council region, but guidance remains relatively rare Across the Gulf Cooperation Council (GCC), a quiet transformation is underway – one that could reshape how companies communicate with investors and influence the broader dynamics of capital allocation. At its heart, this transformation revolves around two critical pillars: transparency and guidance. Despite their importance in fostering investor confidence, lowering capital costs and reducing market volatility, these practices remain underutilized in the region. Bloomberg data as of September 30, 2024, reveals that out of 829 actively traded companies in the GCC, only around…
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Why IROs need to get smart about the hidden health risk of air pollution
New consultation asks IR teams to share details about corporate contributions to toxic air Air pollution has major impacts on human health, the environment and the economy. As a growing business risk, it’s an issue that IROs cannot afford to ignore. Some 99 percent of people breathe air that exceeds World Health Organisation (WHO) limits and one in six deaths worldwide is caused by air pollution. The global cost of health damages from air pollution in 2019 was estimated to equal around 6 percent of the world’s GDP. Despite these impacts, air pollution is not given enough consideration as a business risk by companies.…
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How to rebuild investor trust after an earnings miss
Four practical steps for IR teams to restore credibility and reinforce the long-term value of the company’s story
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Crafting a solid equity story
Crafting a solid equity story goes far beyond simply presenting data: it’s an art form, a company narrative grounded in precision and truth
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The dos and don’ts of handling profit warnings – IR Voice
In the latest episode of IR Voice, we delve into what many define as a rite of passage for IROs: profit warnings.
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Investor newsletters remain a useful tool, argue IR teams
Newsletters are the communications channel that receives most direct engagement, says Patrick Kiss of Deutsche EuroShop
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Inside the minds of SEC influencers: From the Friday night dump to the ‘sexiest’ reporting season
Michelle Leder of footnoted* on her approach to examining filings, the numbers she always reads and why companies should just lay their cards on the table
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The changing way IR teams are using LinkedIn
Companies are getting more sophisticated about how they share investor-focused information
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How Singapore Reits tell their story in a crowded market
IR teams are deepening disclosures and leveraging technology to fill the information gap for investors
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Lyft’s wild earnings ride was an IR nightmare, but it’s a surprisingly common scenario
Data shows companies have frequently had to update earnings and dividend releases
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ESEF reporting evolved: Introduction to block-tagging
With the European Single Electronic Format (ESEF) mandate fully underway and most filers either through their first or second year, the European Securities and Markets Authority’s (ESMA) long-anticipated updated reporting manual was released in the autumn
