Exor NV
AEX:EXO

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Exor NV
AEX:EXO
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Price: 71.9 EUR 0.14% Market Closed
Market Cap: 14.9B EUR

Exor NV
Investor Relations

Exor NV, a powerhouse in the world of international investment, traces its roots back to the illustrious Agnelli family, renowned for establishing Fiat in 1899. Today, Exor stands as a modern-day conglomerate, headquartered in Amsterdam, but operating with a distinctly global reach. The company has diversified well beyond its automotive origins, reflecting a shrewd investment approach characterized by deep value and long-term growth. The firm's portfolio is an eclectic mix of industry giants and significant holdings, encompassing automotive stalwarts like Stellantis, luxury brands such as Ferrari, and investments in media through companies like The Economist Group. This wide-ranging portfolio illustrates Exor’s strategic knack for spotting opportunities that align with its disciplined investment philosophy, often allowing it to hold considerable sway over the companies it invests in.

Exor’s business model revolves around actively managing and strategically allocating capital to optimize value across its varied interests. The company essentially operates as an investment fund with a long-term horizon, generating revenue through dividends, capital gains, and whatever synergies might be derived from its cross-sector holdings. By leveraging its substantial equity stakes, Exor can influence management and operations to enhance the performance of its investments. This hands-on approach, coupled with a keen eye for potential and patience for investments to mature, underscores how Exor expertly navigates diverse industries to yield robust financial returns. The company’s success lies in its adept balance of innovation and tradition, always seeking sustainable growth while remaining anchored to its foundational philosophies.

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Last Earnings Call
Fiscal Period
Q2 2025
Call Date
Sep 18, 2025
AI Summary
Q2 2025

NAV Outperformance: Exor's NAV per share outperformed the MSCI World Index by about 5%, largely due to a EUR 1 billion share buyback.

Lingotto Success: Lingotto delivered an 11% increase in performance, mainly from public investments, even as markets declined.

Ferrari Stake Monetization: Exor monetized EUR 3 billion of its Ferrari stake, maintaining significant investment firepower and reducing portfolio concentration.

Healthy Financial Position: The company reduced gross debt to EUR 3.5 billion and holds EUR 1.5 billion in cash, with a loan-to-value ratio now at 5.5%.

Active Portfolio Management: Exor invested EUR 1 billion in new opportunities, mainly Philips and bioMérieux, and realized EUR 3.5 billion in disposals.

No Sector Preference: Management stated there is no set priority for health care over luxury investments; each opportunity is evaluated on its merits.

Buyback Considerations: Buybacks remain part of the resource allocation process, but future actions depend on overall portfolio strategy.

Long-Term Approach: Exor reiterated commitment to long-term investments, notably in Ferrari and Philips, and does not plan to hedge FX or invest in crypto.

Key Financials
NAV per share relative performance
outperformed MSCI World Index by about 5%
Lingotto performance
up 11%
Gross Asset Value (GAV)
EUR 40 billion
Loan-to-Value ratio
5.5%
Shareholder distributions
EUR 1.1 billion
Dividends received
EUR 624 million
Share buyback
EUR 1 billion
New investments
EUR 1 billion
Disposals
EUR 3.5 billion
Gross debt
EUR 3.5 billion
Cash position
EUR 1.5 billion
Earnings Call Recording
Other Earnings Calls
2025
2023

Management

Mr. John Jacob Philip Elkann
CEO & Director
No Bio Available
Mr. Noam Yossef Ohana
Managing Director
No Bio Available
Mr. Guido de Boer
Chief Financial Officer
No Bio Available
Ms. Suzanne Elizabeth Heywood
Chief Operating Officer
No Bio Available
Ms. Maite Labairu Trenchs
Head of Corporate Finance & Investor Relations
No Bio Available
Ms. Florence Hinnen
General Counsel
No Bio Available
Ms. Gioia Caramellino
Head of Communication
No Bio Available
Mr. Enrico Vellano
Chief Executive Officer of Lingotto
No Bio Available
Mr. Matteo Scolari
Managing Director of Financial Investments
No Bio Available

Contacts

Address
NOORD-HOLLAND
Amsterdam
Gustav Mahlerplein 25
Contacts
+31202402220.0
www.exor.com