Half-Year Report H1 - 2020
EXOR closed the first half of 2020 with a consolidated loss of €1,318 million; the first half of 2019 ended with a consolidated profit of €2,427 million. The decrease of €3,745 million is mainly attributable to the reduction of overall performances of the subsidiaries, mainly impacted by the significant negative effect of the Covid-19 pandemic; moreover the result of the first half of 2019 included EXOR’s share of the net gain realized on the disposal of Magneti Marelli for €1,092 million (total €3.8 billion).
At 30 June 2020 the consolidated equity attributable to owners of the parent amounts to €13,403 million with a net decrease of €1,622 million, compared to €15,025 million at 31 December 2019.
| US$ million | 06/30/2020 | 12/31/2019 | Change | |
|---|---|---|---|---|
| Amount | % | |||
| Investments | 24,236 | 28,923 | (4,687) | (16.2%) |
| Other investments | 830 | 639 | 191 | +29.9% |
| Other Assets | 1,703 | 1,074 | 629 | +58.6% |
| Treasury stock | 169 | 188 | (19) | (10.1%) |
| Gross Asset Value | 25,939 | 29,997 | (4,058) | (13.5%) |
| Gross Debt | (4,984) | (3,842) | (1,142) | +29.7% |
| Net Asset Value (NAV) | 20,955 | 26,155 | (5,2) | (19.9%) |