EXOR S.p.A. expects to report a profit for the year 2014.

At the consolidated level, 2014 will show a profit which, however, will largely depend upon the performance of the principal subsidiaries and associates. The forecasts formulated and reported in their financial reports at June 30, 2014 are presented below.

CNH Industrial Group

CNH Industrial is confirming its 2014 guidance, consistent with the 5-year business plan financial projections presented on May 8, 2014, as follows:

  • consolidated revenues at approximately $34 billion;
  • consolidated trading profit between $2.6 billion e $2.7 billion;
  • net industrial debt between $2.2 billion and $2.1 billion at the end of 2014;
  • consolidated net income before restructuring between $1.1 billion and $1.2 billion.

Fiat Group

The Fiat Group confirms full-year guidance as presented in the Business Plan on May 6, 2014:

  • worldwide shipments at approximately 4.7 million units (up from 4.5-4.6 million units previously);
  • revenues of approximately €93 billion;
  • EBIT in €3.6 billion to €4.0 billion range (excluding unusual items);
  • net income in approximately €0.6 billion to €0.8 billion range, with EPS to improve from approximately €0.10 (excluding unusual items) to approximately €0.44 to €0.60. Includes increased deferred tax charge of approximately €0.5 billion due to the recognition of net deferred tax assets at year-end 2013 related to Chrysler and excludes unusual items;
  • Net industrial debt in €9.8 billion to €10.3 billion range. Includes cash outflows for the January 21, 2014 closing of the purchase of the remaining 41.5% minority stake in Chrysler Group LLC from the VEBA Trust (€2.7 billion), in addition to the impact of the retrospective adoption of IFRS 11 – Joint Arrangements, effective January 1, 2014 (approximately €0.4 billion).

C&W Group

During the first half of 2014, demand from global investors and occupiers continued to drive real estate markets. Looking ahead, C&W Group remains cautiously optimistic expecting activity to improve further in 2014. Furthermore, C&W Group’s strong financial performance and the recent refinancing of its Senior Credit Facility on an unsecured basis provide C&W Group the flexibility to act upon strategic growth opportunities in our foundation cities around the world.


During the first half of 2014, Almacantar continued to focus on activities to prepare Centre Point in anticipation of a future start on site and the planning applications for both the Marble Arch Tower and Edgware Road schemes were approved in July 2014. Almacantar plans to maximize income generation in the period before the start of redevelopment.

It is Almacantar’s intention to further expand the portfolio and a range of investment opportunities are being reviewed.

The London real estate market should remain stable due to the strong demand for rental space and activity by institutional investors.  

The company expects to report a profit for the year 2014.

Juventus Football Club

During the period July to December 2014 the first phase of the 2014/2015 Transfer Campaign will take place in addition to the Group Stage of the UEFA Champions League whose effects will significantly influence the economic results of Juventus F.C.

As in prior years, operations will continue to be focused on the objective of achieving economic and financial equilibrium.

Commercial Register No.64236277 Legal notes | Credits