The Exor group closed the first half with a consolidated profit of 214,6 million euros, less than half the result obtained in the same period last year (477,2 million). The negative change amounts to 262,6 million and derives - explains the company - from the reduction in the share of the result of the investees (-288,9 million) and from the decrease in net financial income (-13,2 million), which are not offset from net capital gains (+20,7 million) and from other positive net changes (+18,8 million).
The portion of the result of the investees for the first half of 2011 included the net unusual income mainly deriving from the acquisition of control of Chrysler by the Fiat Group (Exor's stake equal to 323,3 million).
As at 30 June the Net Asset Value (NAV) was equal to 7.128 million, an increase of 808 million compared to the figure as at 31 December 2011 (equal to 6.320 million). In any case, the financial holding company of the Agnelli family expects a positive result for 2012.
Consolidated shareholders' equity attributable to shareholders amounted to 6.901,6 million, up by 498,2 million compared to the figure at the end of 2011, equal to 6.403,4 million. The balance of the consolidated net financial position of the Holdings System is negative by 501,8 million, a further decrease of 176 million compared to the negative balance at the end of 2011 (-325,8 million), mainly due to investments.
