Exor S.A.

(100% of capital)

 

The highlights of the financial statements of EXOR S.A. for the year ended December 31, 2013, prepared under the laws of Luxembourg, are as follows:

€ million 12/31/2013 12/31/2012 Change
Profit (loss) for the year 1,071.4 (105.8) 1,177.2
Equity 3,082.8 2,031.4 1,051.4
Investments and non-current other financial assets 3,544.9 2,171.1 1,373.8
Net financial position (462.0) (138.7) (323.3)

EXOR S.A. closed the year 2013 with a profit of €1,071.4 million compared to a loss of €105.8 million in 2012. The positive change of €1,177.2 million is mainly due to higher net gains realized in 2013 of €1,016 million (of which €987.5 million relates to the disposal of the entire investment in SGS), lower impairment charges recognized on investments and financial assets of €159.2 million and other net positive changes of €2 million.

Additional details on the disposal of SGS are provided under “Significant events in 2013”.

At December 31, 2013 investments and non-current other financial assets comprise the following:

 

12/31/2013    
  Number of shares % of capital Carrying amount 12/31/2012 Change
Exor Capital Ltd 4,000,000 100 1,904.0 320.0 1,584.0
C&W Group Inc. 511,015 68.46 405.0 405.0 0.0
EXOR N.V. 450 100 300.0 0.0 300.0
Almacantar  S.A. 147,680,355 38.29 171.9 113.9 58.0
Gruppo Banca Leonardo S.p.A. 45,459,968 17.37 73.6 76.8 (3.2)
Banijay Holding S.A.S. 351,590 17.09 35.3 35.3 0.0
The Economist Group 1,190,000 4.72 30.3 30.4 (0.1)
Sequana S.A. 4,348,000 17.38 24.8 38.6 (13.8)
SGS S.A. - - 0.0 1,016.3 (1,016.3)
Other     135.1 38.6 96.5
Total investments     3,080.0 2,074.9 1,005.1
Non-current other financial assets      464.9 96.2 368.7
Total investments and non-current other financial assets  3,544.9 2,171.1 1,373.8
Commercial Register No.64236277 Legal notes | Credits