Interim Report 9M - 2015

The EXOR Group closes the first nine months of 2015 with a consolidated profit of €611 million; the same period of 2014 ended with a consolidated profit of €142 million. The positive change of €469 million is mainly due to higher net gains of €626.2 million (of which €522.1 million is from the sale of C&W Group, classified in profit from discontinued operations), partially offset by the reduction in the share of the profit (loss) of investments accounted for using the equity method (€99.2 million) and the increase in net financial expenses (€34.8 million) and non-recurring other expenses (€9 million).

NAV
€ million 3/1/2009 (a) 12/31/2014 9/30/2015
     
Investiments2,921 8,3478,707
Financial investments 274   663 560
Cash and cash equivalents 1,121   2,233 2,898
Treasury stock 19   762 862
Gross Asset Value 4,335   12,005 13,027
Gross Debt (1,157)   (1,671) (1,727)
Ordinary holding costs over ten years (210)   (170) (170)
Net Asset Value (NAV) 2,968   10,164 11,130
(a) Effective date of the merger of IFIL in IFI and the name change of the latter to EXOR.
Commercial Register No.64236277 Legal notes | Credits