News

Capacent announces results from BPM International Close Cycle Rankings 2009

Credit crunch and recession drives acceleration in annual results reporting in the Nordics.

• Capacent and its BPM International consulting partners researched over 1,050 of the world’s largest companies
• 32 of the Nordic companies have accelerated their results announcement date by an average of 4 days
• Company Finance teams deserve credit for meeting the credit crunch challenge of accelerated communication with investors
• Auditors also met the challenge, 28 Nordic companies reduced audit timetables, by an average of 6 days
• Nordic Top 3 are Investor, Ericsson and Nokia
• Dramatic acceleration seen in close and announcement timetables/cycles at many Nordic companies despite the uncertainties caused by the credit crunch
• Svenska Handelsbanken, Vestas Wind, Ericsson, Statoil, AP Moller - Maersk, Stora Enso, Wärtsilä, Scania and Nordea have all achieved acceleration of 3 days or more in announcement dates