![]() Umsatz im Einzelhandel mit Fahrrädern, Sport- und Campingartikeln in Deutschland von 20 und Prognose bis zum Jahr 2020 (in Millionen Euro). Concluding, the private sport sector’s position and significance in Germany is interpreted. Finally, several sport business fields are highlighted and discussed in more detail focusing on the most important companies with their key facts and key financial figures. It was available for three NACE sections, namely manufacturing, wholesale and retail trade, as well as administrative and support service activities, all containing directly sport-related classes. 2, 2008) are presented for the year 2013. Afterwards, data of sport business fields in Germany based on the German equivalent (WZ 2008) of the Statistical classification of economic activities in the European Community (NACE Rev. The generally positive development of the private sport sector is numerically depicted by using the example of the fitness sector in Germany. Substitution effects among the private and the voluntary sport sectors as well as differences concerning the organisational performances of non-profit and for-profit organisations are discussed. The German private sport sector is analysed and several information are presented for example in regard to the individual characteristics of its customers. The transition from a previously rather exclusively voluntary to a nowadays private and voluntary sport system in Germany is explained on a theoretical basis introducing Esser’s (1993) model of sociological explanation. Commerzbank has no obligation to update or release any revisions to the forward-looking statements contained in this release to reflect events or circumstances after the date of this release.Ģ CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.The purpose of this article is to give an overview of the private sport sector in Germany as its importance has tremendously risen over the years, but the current state of research has mostly neglected this sector so far. Forward-looking statements therefore speak only as of the date they are made. Such factors include the conditions in the financial markets in Germany, in Europe, in the USA and other regions from which Commerzbank derives a substantial portion of its revenues and in which Commerzbank holds a substantial portion of its assets, the development of asset prices and market volatility, especially due to the ongoing European debt crisis, potential defaults of borrowers or trading counterparties, the implementation of its strategic initiatives to improve its business model, the reliability of its risk management policies, procedures and methods, risks arising as a result of regulatory change and other risks. They are subject to a number of assumptions and involve known and unknown risks, uncertainties and other factors that may cause actual results and developments to differ materially from any future results and developments expressed or implied by such forward-looking statements. These forward-looking statements are based on the management’s current plans, expectations, estimates and projections. In this release, these statements concern inter alia the expected future business of Commerzbank, efficiency gains and expected synergies, expected growth prospects and other opportunities for an increase in value of Commerzbank as well as expected future financial results, restructuring costs and other financial developments and information. Forward-looking statements are statements that are not historical facts. This release contains forward-looking statements. Nevertheless, Commerzbank still expects a net result of more than €1 billion for the financial year 2022, assuming that the economic consequences of the geopolitical developments do not deteriorate significantly and the uncertainties around energy supply do not require material additional provisions for potential future credit losses. €490 million) for its CHF loan portfolio in Q3.Ĭommerzbank’s third quarter operating result is expected to be burdened by a corresponding amount which will be booked as negative revenues in “Other net income”. MBank in Poland will additionally provision PLN 2,336 million (appr.
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