As a result of Exor’s dramatic fall, its share price’s discount to the net asset value of its holdings has ballooned from less than 20% to more than 40%.At Friday’s close of 27.72 euros ($30.85), Exor has a market value of €6.83 billion and trades for just 8.2 times estimated 2016 earnings, compared with an average over the past five years of 10.7. On the main list, some financial stocks such as Nexi (+ … We've detected you are on Internet Explorer. For the best Barrons.com experience, please update to a modern browser. In our first decade we achieved our objective of beating the MSCI World Index. See Suzanne Heywood's compensation, career history, education, & memberships. In light of that, it’s worth pointing out that Société Générale announced a 2015 dividend of €2 per share, a yield around 7%. its operations, the holding company said.

But in a sign agricultural margins could also come under pressure, U.S. rival Deere & Co. (“It looks as if (Exor head John) Elkann is focusing on cash-in deals to help fund asset diversification at Exor,” said Roberto Lottici, asset manager at Milan-based Ifigest. If they can cover that cost, their implied book value is 1 to 1.2 times.But getting there hasn’t been easy, due to strict regulation, low interest rates that put pressure on net interest margins, worries about the health of the global economy, and potential provisions for oil-related losses. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. Multiples at the truck entity might increase depending on the management’s ability to extract margins and eventual M&A perspectives,” Bosio added. In our first decade we achieved our objective of beating the MSCI World Index.Gustav Mahlerplein 25, 1082 MS Amsterdam, The Netherlands CNH’s top shareholder Exor - the holding group of Italy’s Agnelli family, which also controls Fiat Chrysler Automobiles (“Exor will continue to be the shareholder of reference in both entities following completion of the spin-off process,” it said. Italy's CNH Industrial reported a first quarter net loss on Wednesday due to the coronavirus crisis, which it said would have an continuing impact and …
Additional reporting by Stephen Jewkes and Tim Aeppel; Editing by David Evans, Mark Potter and Nick ZieminskiFILE PHOTO: An Iveco truck is seen at the IAA Commercial Vehicles trade show in Hanover, Germany September 22, 2016.

Its tier one common equity ratio—a key gauge of a bank’s financial strength, which measures core equity against all of a bank’s risk-based assets—swelled to 10.9% at the end of 2015 from 10.1% 12 months earlier.Investment professionals predict European banks will continue to pile up excess capital, which they could end up returning to shareholders as dividends in years to come. Exor Says Plant Closures at Ferrari, Fiat Chrysler, CNH Could Extend To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com.https://www.barrons.com/articles/exor-and-societe-generale-look-like-buys-1455944508Exor’s shares (ticker: EXO.Italy) have sputtered in 2016. Copyright ©2020 Dow Jones & Company, Inc. All Rights ReservedThis copy is for your personal, non-commercial use only.

Annual Report 2019 . Under the plan, some high-margin industrial vehicle brands including heavy-duty quarry truck maker Astra and Iveco Defence Vehicles will be assigned to the agricultural and construction unit. EXOR AKTIE und aktueller Aktienkurs. With a net asset value of about €43, or more than €10 billion, the stock could climb 25% and still trade at a 20% discount to NAV.Exor is the holding company of the family of Giovanni Agnelli, who founded the Italian car maker Fiat. At Piazza Affari the day got off to a good start, thanks to positive news on the US-China trade front and better than expected macroeconomic data from the United States and Germany; but gradually the stock market indices in Milan lost momentum and in the end the Ftse Mib fell by 0.41% to 20,030 points (All Share -0.45% to 21,852).

The Italian-American group will take a $250 million stake in Nikola, which will kick-off the production of a zero-emission heavy-duty vehicle powered by proprietary hydrogen fuel cell and battery technology, it said. Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously. For the best Barrons.com experience, please update to a modern browser.

Letter to Shareholders. Exor said Ferrari NV, Fiat Chrysler Automobiles NV and CNH Industrial NV have temporarily halted production at the majority of their production plants amid the pandemic. “The split should also give more appeal to the truck unit as it might become an interesting asset for other operators, despite the pledge by Exor to remain key shareholder in both entities,” she said.

could continue and expand.Exor said Ferrari NV, Fiat Chrysler Automobiles NV and CNH Chiara said capex would go up from 1.9% of net sales this year to 3.5% in 2020 and average 3.7% between 2020 and 2024. Read more.

“Exor will continue to be the shareholder of reference in both entities following completion of the spin-off process,” it said. In order to maintain its investment-grade credit rating, Exor must keep gross debt below 20% of its gross asset value. Press releases. Financial Reports.

Last summer, Exor agreed to buy Bermuda-based reinsurer Exor -- and subsidiaries such as Ferrari and Fiat Chrysler -- will still be traded on the Milan stock exchange, and its companies will continue to employ over 80,000 people in Italy. Archive. Steuerlich wurde die Aktiengesellschaft dem Vereinigten Königreich zugeordnet. Exor is the holding company of the family of Giovanni Agnelli, who founded the Italian car maker Fiat. Investment company Exor NV said late Wednesday that the closure Archive. Rund 27 Prozent der Kapitalanteile und rund 40 Prozent der Stimmrechte in der Gesellschaft bekam damals die italienische Holding-Gesellschaft Exor. 10 August 2020.


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