First Half
First Half
NAV reached €38.3 billion at 30 June 2024, an increase of €2.9 billion during the First Half of 2024
• NAV per share increased by 9% in the first half of 2024, compared to 14% of the MSCI World Index, mainly
driven by the performance of Ferrari, Philips and Lingotto Funds.
• Strong cash flow generation with dividends received from Companies and asset disposals of €1.5 billion.
Cash deployed into Companies, Investments and share buybacks amounted to €1.1 billion, maintaining a
disciplined capital allocation.
• Net debt was €3.7 billion at 30 June 2024 from €4.0 billion at 1 January 2024, with an LTV ratio of 9%.
Exor’s Board of Directors approves Half-Year 2023 Results and announces €1bn share buyback program
EXOR DELIVERS 23% GROWTH IN NAV PER SHARE IN H1,
OUTPERFORMING MSCI BY 11 p.p.
€1 BILLION BUYBACK PROGRAM ANNOUNCED
WITH TENDER OFFER AT UP TO 10% PREMIUM
• Exor reports NAV of €34.2 billion at 30 June 2023. NAV per share increased 22.8% over the first half of 2023, while outperforming the MSCI World Index by 11.3 p.p., mainly driven by the market performance of Listed Companies.