Business outlook

EXOR S.p.A. expects to report a profit for the year 2013.

At the consolidated level, 2013 is also expected to show a profit, taking into account the capital gain realized on the sale of the investment in SGS S.p.A. The most recent forecasts reported by the main subsidiaries and associates are presented below.

Fiat Industrial Group

On the back of the Fiat Industrial Group’s performance to date and our expectations of recovering trading conditions across all sectors and a continuation of strength in the agricultural equipment market, Fiat Industrial is confirming its 2013 guidance as follows:

  • Revenues up between 3% and 4%;
  • Trading margin between 7.5% and 8.3%;
  • Net industrial debt between €1.4 billion and €1.6 billion.


Fiat Group

The Fiat Group confirms 2013 guidance as follows:

  • Revenues in the €88 ‐ €92 billion range;
  • Trading profit in the €4.0 ‐ €4.5 billion range;
  • Net profit in the €1.2 ‐ €1.5 billion range;
  • Net industrial debt of approximately €7.0 billion.

C&W Group

As global economic conditions became less uncertain by the fourth quarter of 2012 and momentum began to pick up, the first half of 2013 saw increased activity across the global platform as compared to the same period last year.  Strong pipelines of transaction and assignment activity are a reflection of a more confident business environment, as well as the focus and drive of our professionals. Subject to the continuation of these positive trends C&W would expect to complete the year with continued growth and improved results.


During the second half of 2013, Almacantar will focus on activities to redevelop Centre Point following the approval of a building permit in July 2013. Almacantar will also focus on obtaining a building permit for Marble Arch Tower and to maximize income generation in the period before the start of building works.

Almacantar is expanding its portfolio of investment properties with the acquisition of 125 Shaftesbury Avenue in July 2013.

The London real estate market should also remain stable in the second half of 2013 due to the continuous demand for rental space and activity by institutional investors.

As anticipated, Almacantar reported a profit for the six month period ended June 30, 2013. Positive results are expected to continue in 2013 due to the rental revenues generated by properties currently owned, and a new investment at 125 Shaftesbury Avenue.

Juventus Football Club

The forecast for the 2012/2013 financial year is for a loss, although with a significant improvement over the previous year due to the fact that the negative economic effects (amortization and salaries) resulting from the renewal process for the First Team bench and the achievement of excellent sports results have been offset by revenues to the Company from the participation in the UEFA Champions League and a further moderate increase in revenues from the stadium and television and radio rights.

Commercial Register No.64236277 Note legali | Credits