Exor's profits fly in the first nine months of 2015, also due to capital gains. In fact, the holding company of the Agnelli family closed the January-September period with a consolidated profit of 611 million euros, a sharp increase compared to the 142 million of the first nine months of last year.
The increase of €469 million “deriving mainly from the increase in net capital gains of €626,2 million (of which €522,1 million relating to the sale of C&W Group), partially offset by the decrease in the share of the result of the investees (€99,2 million ) and the increase in net financial charges (34,8 million) and other non-recurring charges (9 million)”.
In the third quarter, explains Exor, consolidated profit was 391,7 million, an increase compared to the same period last year, "mainly due to the recognition of the capital gain on the sale of C&W Group, partially offset by the reduction in the result of investees (190,1 million), as well as the increase in net financial charges (11,4 million) and other non-recurring charges (5,6 million)”.
For 2015, the Agnelli holding “foresees a positive result. At a consolidated level, 2015 should show positive economic results which, moreover, will largely depend on the performance of the main investee companies”.
