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

The share of the profit of investments accounted for using the equity method in 2017 amounts to €1,448.4 million, with an increase of €562.7 million compared to the prior year (€885.7 million). The positive change reflects in particular the strong performance of FCA, which realized an increase in its result of €1.688 million (EXOR share of profit up €485.9 million).

    Profit (Loss) (million) EXOR's share (€ million)
    2017   2016   Change 2017 2016   Change
FCA (a) 3,491 1,803   1,688.0 1,017.0 531.1   485.9
PartnerRe $ 189 $ 186   3.0 167.4 167.7 (b) (0.3)
CNH Industrial (a) $ 460 $ (373) (c) 833.0 110.2 31.5 (c) 78.7
Ferrari 535 399   n.a. 125.9 93.8   32.1
The Economist Group (d) £ 39 £ 145   n.a. 19.1 32.6   (13.5)
Juventus Football Club (e) 14 46   (32.0) 8.8 29.2   (20.4)
Almacantar Group £ - £ (0.6) (f) 0.6 - (0.2) (f) 0.2
Total             1,448.4 885.7   562.7
(a) Includes consolidation adjustments. (b) The profit refers to the period 18 March to 31 December 2016. (c) The loss of CNH Industrial included the charge of approximately $502 million (€450 million) in relation to an investigation conducted by the European Commission. EXOR had already recognized its share of the charge, for €122.8 million, in the financial statements at 31 December 2015, since these developments occurred before the approval of its financial statements. Therefore, in the first half 2016, EXOR’s share of CNH Industrial’s loss was adjusted by eliminating such charge recognized by the subsidiary. CNH Industrial’s loss for 2016 also included a further charge of $49 million as a result of closing the settlement with the European Commission (EXOR’s share is approximately €12 million). (d) The profit refers to the period 1 October - 30 September, including consolidation adjustments only related to the prior year result. (e) The profit relates to the accounting data prepared for the Company‘s consolidation in EXOR and refers to the period 1 January - 31 December. (f) The loss referred to the period 1 January 2016 - 31 March 2016, before the disposal to PartnerRe.

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