Camfin closed the first quarter of 2013 with a Positive consolidated net result of 12,1 million euro, down compared to the 22,1 million euro of the corresponding period of 2012.
The result - communicates the company - was affected by net income from equity investments, equal to 18,9 million euros as at 31 March 2013, compared to 27,8 million in the corresponding quarter of 2012. The change is essentially attributable to the result of equity investments valued using the equity method, positive for 18,3 million euros (27,5 million euros in the first quarter of 2012), mainly due to the performance recorded by the equity investment in Pirelli & C., positive for 18,6 million euro compared to 31,3 million euro at the end of March 2012. Net financial expense at 31 March 2013 amounted to 5,7 million euro (4,6 million euro at 31 March 2012).
Financial fixed assets amounted to 790,4 million euros, an increase compared to 774,6 million euros at December 31, 2012. Shareholders' equity pertaining to the Group amounted to 400,7 million euros, an increase of 10,5, 390,2 million euro compared to 31 million euro at December 2012, 385,3. The net financial position is negative for 397,4 million euro, an improvement compared to -2012 million in the first quarter of 380,2 and substantially stable compared to the 31 .2012 million as of December XNUMX, XNUMX.
The Camfin Group "will benefit during 2013 from the expected improvement in the results of Pirelli & C.. With reference to the Parent Company, the 2013 income statement is expected to close with a profit thanks to the growth in the dividend of the main associate Pirelli & C., whose shareholders' meeting approved the distribution of a dividend per ordinary share of €0,32 per share (€0,27 in the previous year) and €0,39 per savings share (€0,34 in the previous year )".
The proceeds attributable to the Camfin Group will be 39,9 million euros, an increase of around 20% compared to the 33,6 million collected in 2012.
At the beginning of the afternoon, the Camfin share on the Stock Exchange was up 1,8%.
