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Exor: profit boom with sale of Sgs stake

A contribution of 554 million came from the subsidiaries, largely attributable to Lingotto: 238 million from Cnh Industrial and 274 million from the Fiat group. The only negative item, for around 14 million, concerns Juventus – The board of directors will propose to the shareholders' meeting the distribution of a dividend of 0,3350 euros per share.

Exor: profit boom with sale of Sgs stake

Exor ended 2013 with a net profit of 2,0845 billion euros, up sharply compared to 298,3 million in 2012, thanks mainly to the net capital gains of 1,52 billion (of which 1,53 billion related to the sale of the stake in Sgs). 

A contribution of 554 million came from the subsidiaries, largely attributable to Lingotto: 238 million from Cnh Industrial and 274 million from the group Fiat. The only negative item, for around 14 million, concerns Juventus. 

The board of directors will propose to the shareholders' meeting the distribution of a dividend of €0,3350 per share, up to a maximum of 74,5 million in total.

The holding company of the Agnelli family then announced that on 31 December 2013 the Net Asset Value (Nav) amounted to 8.852 million euros, for an increase of 1.232 million compared to the 7.620 million of the previous year.

As for the future, Exor expects “a positive result” for this year: at a consolidated level, the 2014 financial year "should show positive economic results which, moreover, will largely depend on the performance of the main investee companies", writes the company.

Meanwhile, in Piazza Affari, the Exor share gained 1,2 percentage points in the early afternoon, to 32,96 euros. In the morning, before the 2013 figures were published, the shares of the holding company had reached all-time highs above 33 euros. 

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