Exor Archive the first 9 months of the year with a net profit of 286,4 million euros, down on the 484,7 million recorded in the same period last year (-41%). The holding company of the Agnelli family (shareholder of the Fiat group) instead improved the result referring to the third quarter, with a profit of 71,8 million, against 7,5 million in the same quarter of 2011.
The result between January and September is mainly linked to the decrease in the share in the results of investee companies (-€221,1 million). The company explains that this item in the first nine months of 2011 included the net atypical income deriving from the acquisition of control of Chrysler by the Fiat group (Exor's stake equal to 324,2 million).
As for the prospects for the end of the year, Exor expects a positive result for 2012. At a consolidated level, the year should show positive economic results, which, moreover, will largely depend on the performance of the main investee companies.
As at 30 September 2012, the NAV (net asset value) stood at 7,464 billion, against 6,320 billion as at 31 December 2011.
At the beginning of the afternoon, the share of Exor gained 0,7% in Piazza Affari.
