Investor Presentaiton
Credit Suisse report shows that family-owned businesses
outperform their peers*
Figure 4: Market-capitalization-weighted and sector-adjusted
returns - family-owned alpha through time
300
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0
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-60-uer
Family universe
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Oct-12
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Non-family universe
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mm
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Family-owned companies outperform non-family-owned peers...
eurofins
...supported by superior growth and Profitability
Revenue and EBITDA growth is stronger, EBITDA margins are
higher and cash flow returns are better.
Family-owned companies also appear to have a greater focus on
innovation as research and development (R&D) spending is
higher.
Family-owned companies have a
longer-term and conservative focus
Company interviews show: family-owned companies have above-
average-quality characteristics than non-family owned peers.
Family-owned companies on average tend to favor capital
preservation and long-term value creation rather than more
short-term gains.
Family-owned companies on average tend to have slightly better
results in terms of ESG scores than non-family-owned companies.
Family-owned companies outperformed in every region (excess returns in Asia ex Japan broadly in line with those in Europe, given an
annual average outperformance since 2006 of 500 basis points) and in every sector.
*Source: Credit Suisse Research Institute: The Family 1000: Post the pandemic; September 2020
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