Economic/financial results

The EXOR Group ends the first quarter of 2014 with a loss of €38.1 million; the first quarter of 2013 closed with a profit of €51.1 million. The negative change amounts to €89.2 million and derives from the worsening in the share of the results of the investments (-€46 million) and the absence of dividends received in the first quarter
(-€55.7 million), partially countered by the increase in net financial income (expenses) (+€11.6 million) and other net changes (+€0.9 million).

At March 31, 2014 the equity attributed to the owners of the parent totals €7,293 million and shows a net increase of €345.6 million compared to €6,947.4 million at year-end 2013. Further details are provided in Note 8.

At March 31, 2014 the consolidated net financial position of the Holdings System is a positive €1,297.5 million, with a positive change of €16.3 million compared to the balance of €1,281.2 million at year-end 2013. Further details are provided in Note 9.

Commercial Register No.64236277 Legal notes | Credits