Business outlook

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

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

Fiat Industrial Group

On the back of the 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 adjusting its 2013 guidance as follows:

  • Revenues up between 3% and 4% (previously +5%);
  • Trading margin between 7.5% and 8.3% (previously 8.3% to 8.5%);
  • Net industrial debt between €1.4 billion and €1.6 billion (previously €1.1 billion and €1.4 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 quarter of 2013 saw increased activity across our 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 to service C&W Group’s clients at the highest levels.


During 2013, Almacantar will continue to focus on activities to successfully obtain building permits for Marble Arch Tower and Centre Point and to maximize income generation in the period before the start of building works.
Almacantar will also continue to expand its portfolio of investment properties.
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 period ended March 31, 2013. Positive results are expected to continue in 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 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