The Queens Awards for Enterprise are the UKs top annual awards for business performance, identifying outstanding achievements in International Trade, Innovation or Sustainable Development. As a leading pan-European business magazine written and edited specifically for senior finance executives, CFO Europe has won an award in the International Trade category, in recognition of its ability to foster substantial growth in overseas revenues over a period of three years or more.
Since its launch by The Economist Group in 1998, CFO Europe has rapidly established itself as an authoritative source of information for Chief Financial Officers (CFOs) of the most dynamic companies throughout the region. During this time, the magazine has also excelled in developing its business outside the UK, growing its revenue from advertising sales and sponsorship in the US and continental Europe in 2000/01 by around 350% from 1998/99. In addition, CFO Europes controlled circulation, audited by BPA International, has grown steadily, reaching 32,000 readers today. CFO Europe is on course to continue its success, with circulation expected to increase to 35,000 this spring. In addition, plans are under way to expand its regional reach, including a new annual publication entitled CFO Global Outlook, which will showcase CFOs from around the world and will be published at the end of the year.
The CFO Europe team is delighted and honoured to be the recipient of this prestigious award, commented Charlotte Hollingshead, Publisher of CFO Europe. We are enormously grateful for all the commitment and inspiration given to us by The Economist Group. Equally, CFO Europe wouldnt be where it is today without the continued support from a truly pan-European base of both advertisers and readers.
With sister titles in the US and Asia, CFO Europe is part of a worldwide stable of magazines devoted to bringing in-depth coverage of strategic financial management and its impact on corporate bottom lines, and has become another award-winning global media brand from The Economist Group. Helen Alexander, Chief Executive of The Economist Group, said: CFO Europes success demonstrates The Economist Groups commitment to developing global media brands for an international audience.
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About The Economist Group
The publications and services delivered under The Economist brand are The Economist newspaper, Economist.com, Economist Intelligence Unit and Economist Conferences. The Groups other global brands include CFO (CFO, CFO Europe, CFO Asia, CFO China, CFO.com), Roll Call and European Voice (aimed at decision-makers in Capitol Hill and Brussels respectively).
The Economist Group is 50 per cent owned by The Financial Times Limited, but the FT does not have a controlling interest in the share capital nor does it have the power to appoint the majority of the board of directors. The Economist Group operates as a separate business. It is not a subsidiary, but owing to the size of the holding The Economist Group is deemed to be an “associate” company for the purposes of financial reporting. Almost all of the remaining 50 per cent is owned by individuals.
The publications provide tools and resources for Chief Financial Officers and senior finance executives. Each month the CFO family (CFO, CFO Europe, CFO Asia, CFO China, CFO.com) provides senior finance executives in the regions largest companies with the practical information they need to perform their jobs more effectively and to add value to their organisations. With a global readership of over one million, CFO offers powerful and practical case studies on a wide range of topics, from treasury and risk management, to information technology and investor relations.