1. Share of the profit (loss) of investments accounted for using the equity method

In the first quarter of 2013, the share of the profit (loss) of investments accounted for using the equity method is a profit of €6.1 million (€47.8 million in the first quarter of 2012). The negative change of €41.7 million principally reflects the decrease in the profit reported by the Fiat Group which in the first quarter of 2013 recorded a consolidated loss attributable to owners of the parent of €83 million compared with the profit recorded in the first quarter of 2012 (€34.7 million) and the decrease reported by the Fiat Industrial Group whose profit of €137.7 million is €39.6 million lower than in the first quarter of 2012 (€177.3 million).

    Profit (Loss)
(million)
  EXOR's share
(€ million)
    Q1
  Q1
 
    2013     2012   2013   2012   Change
Fiat Industrial Group
137,7   177,3 (a) 42,5 (a) 54,5 (a) (12,0)
Fiat Group 
(83,0)   34,7 (a) (25,3) (a) 10,5 (a) (35,8)
C&W Group $ (22,4)   $ (25,2)   (13,4)   (15,0)   1,6
Juventus Football Club S.p.A. 2,6   (4,9)   1,6   (3,1)   4,7
Almacantar Group
£ 1,6   £ 0,5   0,7   0,2   0,5
Sequana Group (b)
-   2,6   -   0,7   (0,7)
Arenella Immobliare S.r.l. n.s   -   -   -   -
Total             6,1   47,8   (41,7)
(a) Includes consolidation adjustments. (b) Measured at fair value beginning June 30, 2012

For comments on the Review of the Performance of the Operating Subsidiaries and Associates, please refer to the next sections. It should be noted that the interim results of C&W Group and Juventus Football Club are affected by highly seasonal factors that are typical of their respective business segments.

Commercial Register No.64236277 Legal notes | Credits