Business outlook

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

At the consolidated level, the year 2013 should show a profit which, however, will largely depend upon the performance of the principal subsidiaries and associates. Their most recent forecasts formulated and reported in their financial reports at December 31, 2012 are presented below.

Fiat Industrial Group

On the back of the Group’s performance to date and expectations of continuing strong trading conditions across all sectors, especially CNH, Fiat Industrial is setting 2013 guidance as follows:

  • revenues up 5%;
  • trading margin between 8.3% and 8.5%
  • net industrial debt between €1.1 billion and €1.4 billion

Fiat Group

At the end of the third quarter of 2012, the Fiat Group outlined its strategic direction in response to the continued crisis in the European car industry, which was brought to a head by the wider economic crisis. At the same time, the Fiat Group also gave an updated financial plan for 2013-2014. Market conditions in the NAFTA, LATAM and APAC regions continue to support the financial projections for 2013 and, while the European market still presents significant levels of uncertainty, the Group confirms its guidance for 2013 in line with the updated plan as follows:

  • revenues in the €88 billion - €92 billion range
  • trading profit in the €4 billion - €4.5 billion range
  • net profit in the €1.2 billion - €1.5 billion
  • net industrial debt of approximately €7 billion

C&W Group

Under difficult market conditions and while still investing in the firm’s growth initiatives, C&W was able to complete 2012 with an increase in year-over-year net revenues and EBITDA growth of 1.6% and 14.9%, respectively, with a positive trend demonstrated by the fourth quarter 2012 activity.  Cushman & Wakefield's management team remains focused on enhancing market share in key markets around the globe and looks forward to taking advantage of its strong brand and the optimism for further economic recovery in 2013.


During the first quarter of 2013, Almacantar will continue to focus on activities to successfully obtain building permits during the year for Marble Arch Tower and Centre Point and to maximize income generation in the period before the start of building works. The London real estate market should remain stable due to the continuous demand for rental space and activity by institutional investors. Almacantar believes there are further opportunities to increase value in the real estate market.

As anticipated, Almacantar reported a profit for the year ended December 31, 2012. Positive results are expected to continue into the first quarter of 2013 due to the rental revenues generated by properties currently owned.

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 are partially offset by revenues from the participation in the UEFA Champions League and further moderate increases in revenues from the stadium and television and radio rights. Furthermore, the team's performance in the season finals may still have considerable impact on the results of the financial year.

Commercial Register No.64236277 Note legali | Credits