Economic/financial results

EXOR Group closes the first half of 2017 with a consolidated profit of €916.3 million; the first half of 2016 ended with a consolidated profit of €430.3 million. The increase of €486 million is attributable to the increase in the share of the profit of investments of €399.9 million, higher net financial income of €81.7 million principally due to the gain on the redemption of The Black Ant Value Fund (€109.1 million), the decrease of non-recurring expenses (€32.4 million) and other net positive changes (€19.3 million), partially offset by lower dividends from investments (€19.7 million) and from the absence of gains on disposal of investments (€27.6 million).

At June 30, 2017 the consolidated equity attributable to owners of the parent amounts to €10,814.4 million with a net decrease of €167.4 million compared to €10,981.8 million at year-end 2016. Additional details are provided in the following Note 10.

The consolidated net financial position of the Holdings System at June 30, 2017 is a negative €3,228.6 million and reflects a positive change of €195.7 million compared to the negative balance of €3,424.3 million at year-end 2016. Additional details are provided in the following Note 11.

The shortened consolidated income statement and statement of financial positionand notes on the most significant line items are presented below.

 

Commercial Register No.64236277 Legal notes | Credits