Trimestrale 3M - 2016

The EXOR Group closes the first quarter of 2016 with a consolidated profit of €201.1 million; the first three months of 2015 ended with a consolidated profit of €40.6 million. The positive change of €160.5 million is largely due to the increase in the share of the profit (loss) of investments (€157.9 million, of which €47.1 million relates to the first-time consolidation of PartnerRe), dividends received from PartnerRe before the acquisition (€16.1 million), gains on the disposal of investments (€25 million), partially compensated by the increase of net financial expenses on debt (€14.7 million) and non-recurring expenses in connection with the acquisition of PartnerRe (€33.5 million).

At March 31, 2016 consolidated net equity attributable to owners of the parent amounts to €9,744.6 million and shows a decrease of €393.8 million compared to year-end 2015 of €10,138.4 million.

The consolidated net financial position of the Holdings System at March 31, 2016 is negative for €4,218.2 million. This is a negative change of €5,555 million compared to the positive €1,336.8 million at year-end 2015 and primarily the result of disbursements made in connection with the acquisition of PartnerRe (€5,415.5 million).

NAV
US$ milioni  31/03/2016 (*)  31/12/2015 (*)  Variazione  
      assoluta 
Investimenti 16.384 11.037 5.347 +48,4%
Investimenti finanziari  613 631 (18) -2,9%
Cassa ed equivalenti  173 4.393 (4.220) -96,1%
Azioni proprie  195 231 (36) -15,6%
Valore totale degli attivi  17.365 16.292 1.073 +6,6%
Debito lordo  (4.976) (2.937) (2.039) +69,4%
Net Asset Value (NAV)  12.389 13.355 (966) -7,2%
(*) Al netto delle azioni proprie non oggetto dei piani di incentivazione in essere o che saranno sottoposti all’approvazione dell’Assemblea del 25 maggio 2016.
Commercial Register No.64236277 Legal notes | Credits