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

In 2015 the share of the profit (loss) of investments accounted for using the equity method is a profit of €204.7 million, a reduction compared to 2014 (€382.3 million). The negative change of €177.6 million mainly reflects the decrease in the share of the profit of CNH Industrial (€253.5 million) and FCA (€52 million), partially offset by the increase in the share of the profit of Juventus (€36.6 million) and Almacantar (€91.4 million).

 Profit (Loss)
(million) 
EXOR's share
(€ million) 
    2015     2014 Change 2015   2014 Change
FCA  (a) 334.0   568.0 (234.0) 112.8   164.8 (52.0)
CNH Industrial (a) $ 236.0   $ 917.0 (681.0) (64.1) (b) 189.4 (253.5)
Almacantar £ 248.1   £ 83.1 165.0 130.9   39.5 91.4
Juventus Football Club  (c) 39.3   (18.2) 57.5 25.0   (11.6) 36.6
Arenella Immobiliare 0.1   0.2 (0.1) 0.1   0.2 (0.1)
Total             204.7   382.3 (177.6)
(a) Includes consolidation adjustments. (b) The share of the result of CNH Industrial includes EXOR’s share of the €450 million charge that CNH Industrial will make in 2016 in relation to an investigation conducted by the European Commission. The result of CNH Industrial without this charge is a profit of $236 million (EXOR’s share is a profit of €58.7 million). (c) The profit relates to the accounting data prepared for the company’s consolidation in EXOR and refers to the period January 1 – December 31, 2015.

Given the timing and the manner of acquisition of the significant influence in The Economist Group, the share of its result was not recorded.

For comments on the performance of the principal operating subsidiaries and associates, please refer to the following sections.

 

 

Commercial Register No.64236277 Legal notes | Credits