Economic/financial results

The EXOR Group ended the first nine months of 2012 with a consolidated profit of €286.4 million; the same period of 2011 closed with a consolidated profit of €484.7 million. The negative change of €198.3 million is due to the reduction in the share of the results of the subsidiaries and associates (-€221.1 million), the increase in net financial expenses (-€15.4 million), compensated in part by net gains realized during the period (+€20 million) and other net positive changes (+€18.2 million).

Consolidated profit in the third quarter of 2012 is €71.8 million; the same period of 2011 closed with a consolidated profit of €7.5 million. The positive change of €64.3 million is mainly due to higher results reported by the subsidiaries and associates in the third quarter of 2012 (€67.8 million) compared to the corresponding period of the prior year.

At September 30, 2012 the consolidated equity attributable to owners of the parent is €7,058.1 million, with a net increase of €654.7 million compared to €6,403.4 million at the end of 2011. Further details are provided in note 10.

The consolidated net financial position of the Holdings System at September 30, 2012 is a negative €531.7 million, with a negative change of € 205.9 million compared to the negative balance of €325.8 million at year-end 2011. Further details are provided in note 11.

Commercial Register No.64236277 Legal notes | Credits