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.
€ 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.