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 2018 amounts to €1,438 million, with a decrease of €11 million compared to 2017 (€1,449 million) The negative change reflects in particular the decrease in the share of the profit of PartnerRe and Juventus, for €273 million and €44 million respectively, partially offset by the increases of CNH Industrial, Ferrari and FCA for €204 million, €60 million and €28 million respectively.

  Profit (Loss)(a) (€ million) EXOR's share (€ million)
  2018 2017 2018 2017   Change
PartnerRe (105) 168 (105) 168   (273)
FCA 3,608 3,491 1,046 1,018   28
Ferrari 785 535 186 126   60
CNH Industrial 1,159 407 314 110   204
Juventus Football Club(b) (55) 14 (35) 9   (44)
Investments in subsidiaries     1,406 1,431   (25)
The Economist Group (c) 86 45 37 19   18
Welltec (d) (32) n.a. (5) -   (5)
Investments in associates     32 19   13
Adjustments     0 (1)   1
Total     1,438 1,449 (e) (11)
(a) Results attributable to owners of the parents. Results reported in foreign currencies have been converted into Euro at the average exchange rate of the year. (b) The profit refers to the accounting data prepared for consolidation in EXOR for the period 1 January – 31 December. (c) The profit refers to the period 1 October – 30 September. (d) Accounted using the equity method starting from 31 December 2017 following the acquisition of an additional interest in the share capital at the end of the year therefore having no effect on the income statement. (e) Of which in 2018 € 1,298 million correspond to the share of the profit (loss) and €138 million to dividends and in 2017 €1,227 million correspond to the share of the profit and €222 million to dividends.

For comments on the performance of the principal operating subsidiaries please refer to the section “Review of the performance of the operating subsidiaries”.

Commercial Register No.64236277 Legal notes | Credits