Economic/financial results

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.

At June 30, 2015 consolidated equity attributable to owners of the parent amounts to €8,548 million, a net increase of €553 million compared to €7,995 million at year-end 2014. Additional details are provided in the following Note 10.

The consolidated net financial position of the Holdings System at June 30, 2014 is positive for €132.8 million and represents a negative change of €429.7 million from the positive balance of €562.5 million at year-end 2014. Additional details are provided in the following Note 11.

Commercial Register No.64236277 Legal notes | Credits