Half-Year Report H1 - 2018
EXOR Group closed the first half of 2018 with a consolidated profit of €741 million; the first half of 2017 ended with a consolidated profit of €916.3 million. The decrease of €175.3 million is attributable to the reduction in the share of the profit of investments of €80 million, to the lower net financial income of €76.9 million and to other net negative changes of €18.4 million.
At 30 June 2018 the consolidated equity attributable to owners of the parent amounts to €11,415 million with a net increase of €610.2 million compared to €10,804.8 million at 31 December 2017 (+€643.1 million compared to €10,771.9 million at 31 December 2017, net of the impact resulting from the adoption of IFRS 9 and IFRS 15).
| US $ million | 06/30/2018 | 12/31/2017 | Change | |
|---|---|---|---|---|
| Investments | 27,356 | 26,550 | 806 | +3.0% |
| Financial investments | 4 | 4 | 0 | +0.0% |
| Cash and cash Equivalents | 397 | 127 | 270 | n.s. |
| Treasury stock | 209 | 212 | (3) | (1.4%) |
| Gross Asset Value | 27,966 | 26,893 | 1,073 | +4.0% |
| Gross Debt | (4,057) | (3,921) | (136) | +3.5% |
| Net Asset Value (NAV) | 23,909 | 22,972 | 937 | +4,1% |