Half-Year Report 1H - 2015

The EXOR Group closes the first half of 2015 with a consolidated profit of €219.3 million; the corresponding period of the prior year ended with a profit of €57.4 million. The positive change of €161.9 million is primarily attributable to higher gains realized on disposals of investments (€63.8 million) during the first six months compared to the writedown of the investment in Sequana (€26.9 million) and the loss realized on the remaining disposal of Alpitour (€10.4 million) recognized in the first half of 2014, the increase in the share of the profit (loss) of investments of €90.9 million, higher dividends received of €3.4 million, partially offset by the increase in net financial expenses of €23.4 million and non-recurring other expenses of €3.4 million, in addition to other net negative changes of €6.7 million.

NAV
€ million
3/1/2009
(a)12/31/2014
6/30/2015
     
Investments 2,921   8,347 11,355
Financial investments
274   663 603
Cash and cash equivalents
1,121   2,233 1,811
Treasury stock
19   762 957
Gross Asset Value 4,335   12,005 14,726
Gross Debt (1,157)   (1,671) (1,678)
Ordinary holding costs over ten years (210)   (170) (170)
Net Asset Value (NAV) 2,968   10,164 12,878
(a) Effective date of the merger of IFIL in IFI and the name change of the latter to EXOR.

NAV: evolution 12.31.2014 - 06.30.2015

Commercial Register No.64236277 Legal notes | Credits