Interim report 9M - 2016

The EXOR Group closes the first nine months of 2016 with a consolidated profit of €844.2 million; the corresponding period of 2015 ended with a consolidated profit of €611.0 million. The positive change of €233.2 million is attributable to the increase in the share of the profit (loss) of investments (€821.9 million), higher dividends from investments (€11.4 million) and other net positive differences of €3.7 million, partially offset by lower gains on the disposal of investments (€565.3 million, of which €521.3 million relates to the disposal of C&W Group which is classified in Profit (loss) from discontinued operations), higher net financial expenses and non-recurring expenses of €18.3 million and €20.2 million, respectively.

NAV
€ million
3/1/2009
(a)12/31/2015
9/30/2016
Investments 2,921   11,037 15,373
Financial investments
274   631 413
Cash and cash equivalents
1,121   4,393 175
Treasury stock
19   231 207
Gross Asset Value 4,335   16,292 16,168
Gross Debt (1,157)   (2,937) (4,095)
Net Asset Value (NAV) 2,968   13,355 12,073
(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