Stellantis or the trouble with the prosecutor’s office for theAgnelli’s legacy? John Elkann forget everything when you meet results Exthe holding company which also controls the former Fiat and the Ferrari (based in Amsterdam). In fact, it is the Red that makes the financial results increase. In the first six months of 2024, of course, net profit reached 38.3 billion euroswith an increase of 2.9 billion euros.
They explain from Exor that the NAV, ie net profit per share, increased by 9% in the first half of 2024, compared to 14% for the MSCI World index, mostly. thanks to the performance of Ferrari, Philips and Lingoto money. Another 1.5 billion euros came from dividends from subsidiaries and asset disposals, while investments made in companies, investments and share purchases came to 1.1 billion euros. In particular, the Exor note explains that the value of investments increased by 356 million eurosmainly due to a positive change in the fair value of Lingotto funds (+228 million euros) and Ventures (+53 million euros), as well as the investments made in Lingotto Funds (+23 million euros) and Ventures (+52). million euros).
SOME OF THE CONTENTS FROM FERRARI: THIS IS THE TABLE
The table shows the breakdown of the output received by Exor from its various subsidiaries. As you can see double Ferrari Stellantis
Among the most important activities during these six months is the investment Clarivatewith a share of 10.1%, with recruitment of Suzanne HeywoodCOO of Exor, on the board of directors of the company. Then the support for the capital increase of Juventusfor the loan of about 72 million euros submitted by Exor was not requested; certainly more important is the increase ininvestment in Philips of 622 million eurosreaching a stake of 17.5%. In July, 555 million euros were paid to reach 10%. Merieux Institute.
In addition, Ex restarted his program buy back of shares up to 250 million euros, redeeming 1,242,623 ordinary shares for 125 million euros. On August 12, 2024, Exor launched the second tranche of this program for the remaining amount of up to €125 million, which is expected to be completed by November 2024, or sooner if the t – maximum amount.
Wednesday, Guido de Boer, chief financial officer of Exorthey will keep a call reserved for analysts and institutional investors from Amsterdam and will take into account the guidance for the second half of the year and the forecast of dividends for shareholdersalmost certainly higher than last year.
2024-09-24 18:10:00
#Ferrari #doubles #Stellantis #Exor #flies #billion #profits
