Tamburi Investment Partners (Tip) closes the first nine months of 2018 with a boom in net profit at 95,6 million, 69,8% more than in the same period of 2017.
Shareholders' equity as at 30 September was equal to 733,1 million, against 647,5 million as at 31 December 2017.
Both the capital gain generated by the Roche Bobois transaction and the capital gains realized on some divestments contributed substantially to the achievement of this result.
The disposals concerned approximately one third of the equity investments held at 31 December 2017 in Moncler and FCA.
“Therefore, a very significant part of the investments originally made remains in the TIP Group portfolio, being always confident in the significant potential of these companies”.
The first nine months “were also profitable due to the financial income independent of the aforementioned transactions – mainly dividends from investees and interest income – of around 16,6 million euro; moreover, the share of the result of associated companies was approximately 11,7 million euro; the advisory activity achieved revenues of around 3,9 million euros”.
