Exor Press Release - FY24 Results
Portfolio Pulse from
Exor, an investment holding company, reported a 9% increase in Net Asset Value (NAV) per share in 2024, reaching €38.2 billion. The company announced a €1 billion share buyback program with a tender offer at up to a 10% premium, starting on 27 March 2025. Cash flow generation was robust, with €1.5 billion received from dividends and asset disposals. The company plans to distribute an ordinary dividend of approximately €100 million, subject to AGM approval.
March 26, 2025 | 5:30 pm
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POSITIVE IMPACT
The share buyback program and NAV growth indicate strong financial performance and management confidence in the company's value.
The share buyback at a premium and significant NAV growth demonstrate the company's financial strength and potential for stock price appreciation. The tender offer may create upward pressure on the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100