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

In the first nine months of 2015, the share of the profit (loss) of the investments accounted for using the equity method is a profit of €78.7 million, a reduction compared to the balance in the corresponding period of the prior year (€177.9 million). The negative change of €99.2 million mainly reflects the decrease in the share of the profit of CNH Industrial (€137.7 million) and FCA (€4.5 million), partially compensated by the increase in the share of the profit of Juventus (€42 million).

Details of the profit or loss of the investments and EXOR’s share for the first nine months and third quarter of 2015 are as follows:

    9 months to September 30
    2015     2014   Change
  2015     2014   Change
    Profit (loss) (million)
  EXOR's share (€ million)
FCA (a) 92.0   160.0   (68.0)   37.4     41.9   (4.5)
CNH Industrial (a) $ 98.0   $ 789.0   (691,0)   24.5     162.2   (137.7)
Almacantar £ 0.2   £ (1.4)   1.6   0.1     (0.6)   0.7
Juventus Football Club 25.8 (b) (40.1) (b) 65.9   16.5     (25.5)   42.0
Arenella Immobiliare  0.2   (0.1)   0.3   0.2     (0.1)   0.3
Total                 78.7     177.9   (99.2)
     Quarter III
    2015     2014   Change
  2015   2014   Change
    Profit (loss) (million)   
  EXOR's share (€ million) 
FCA (a) (306.0)   174.3   (480.3)   (89.1)   51.8   (140.9)
CNH Industrial (a) $ (108.0)   $ 245.2   (353.2)   (26.2)   51.9   (78.1)
Almacantar £ (1.6)   £ (2.5)   0.9   (0.8)   (1.1)   0.3
Juventus Football Club 0.0 (b) (29.0) (b) 29.0   10.0   (18.4)   28.4
Arenella Immobiliare  0.1   (0.1)   0.2   0.1   (0.1)   0.2
Total                 (106.0)   84.1   (190.1)
(a) Includes consolidation adjustments. (b) The profit or loss relating to the accounting data prepared for consolidation in EXOR refers to the nine-month period January 1 to September 30 and the quarter July 1 to September 30.

For comments on the performance of the principal operating subsidiaries and associates, please refer to the following sections. It should be noted that Juventus Football Club is influenced by significant seasonal factors typical of its business sector.

Commercial Register No.64236277 Legal notes | Credits