EXOR S.p.A. expects to report a profit for the year 2014.

At the consolidated level, 2014 will show a profit which, however, will largely depend upon the performance of the principal subsidiaries and associates. The forecasts formulated and reported in their financial reports at March 31, 2014 are presented below.

Fiat Group

Full year 2014 guidance by the Fiat Group is confirmed as follows:

  • revenues:  approximately €93 billion;
  • trading profit: approximately €3.6 to €4.0 billion;
  • net income: approximately €0.6 to €0.8 billion, with EPS to improve from approximately €0.10 (excluding unusuals) to approximately €0.44 - €0.60. Includes increased deferred tax charge of  approximately €0.5 billion due to the recognition of net deferred tax assets at year-end 2013 related to Chrysler and excludes unusual items;
  • net industrial debt: €9.8 billion to €10.3 billion. Includes cash outflows for the January 21, 2014 closing of the purchase of the remaining 41.5% minority stake in Chrysler Group LLC from the VEBA Trust (€2.7 billion), in addition to the impact of the retrospective adoption of IFRS 11 – Joint Arrangements, effective January 1, 2014 (approximately €0.4 billion).

CNH Industrial Group

Consistently with the Business Plan presented on May 8, 2014 the CNH Industrial Group has set guidance for 2014 as follows:

  • revenues of about $33.9 billion;
  • trading profit between approximately $2.6 billion and $2.7 billion;
  • profit (excluding unusuals) between approximately $1.1 billion and $1.2 billion;
  • net industrial debt between approximately $2.2 billion and $2.1 billion.

C&W Group

As global economic conditions continued to improve in the second half of 2013 and over the first quarter of 2014, strong investor demand followed. Robust capital flows across investor classes and improving fundamentals resulted in strong real estate returns and increased allocations to the sector. Looking ahead, we remain cautiously optimistic expecting activity to improve further in 2014, and we remain focused on driving our people to perform at the highest level, enhancing market share in key markets and gateway cities around the globe.


During the first quarter of 2014, Almacantar continued to focus on activities to move Centre Point towards a start on site and a planning application was submitted for the Marble Arch Tower and Edgware Road scheme. Almacantar plans to maximize income generation in the period before the start of redevelopment.  It is Almacantar’s intention to further expand the portfolio and a range of investment opportunities are being reviewed.

The London real estate market should remain stable due to the strong demand for rental space and activity by institutional investors.

The company expects to report a profit for the year 2014.

Juventus Football Club

During the first phase of the 2013/2014 Transfer Campaign Juventus made significant investments to further strengthen the First Team bench, and increase its competitiveness.

The resulting increase in costs relating to sports management, also on account of the victory in the Serie A Championship 2013/2014, will not be offset by increases in revenues, principally due to the elimination from the UEFA Champions League after the game in the Group Stage.

Therefore, despite the positive effects deriving from the successive participation in the UEFA Europa League up to the semifinal game and the optimization actions undertaken, at this time it is expected that the current financial year in progress will show a higher loss than in the financial year 2012/2013.

In the last quarter of the 2013/2014 financial year, management, in any event, is focusing on the objective of reducing the amount of the loss in order to pursue the trend of improvement in financial performance achieved during the last two years.


Commercial Register No.64236277 Note legali | Credits