While on the one hand the Elkann-Agnelli family will have to deal with any legal troubles related to the investigations on the capital gains operated by Juventus, on the other Exor continues to obtain profits and more than positive results, as proposed by the same John Elkann in the investors’ meeting held in Turin. The number one of the holding detailed the results obtained by the subsidiaries, starting with Ferrari and the now former FCA, now merged into Stellantis. In fact, in the last two years the Cavallino has guaranteed its shareholders a return of 61.2% while Fiat Chrysler has scored a 44.1%.
Also noteworthy are the results achieved by Cnh Industrial, the division that deals with agricultural vehicles, heavy vehicles and those for transporting people that will soon be spun off: the agricultural machinery business will in fact be separated from Iveco buses and trucks, with the spin-off that will lead this sector to be an independent company in all respects. Elkann himself then wanted to clarify this issue, specifying that the listing will not entail immediately the entry of new members: “It will be one of the most important industrial companies based in Italy, ready to face the future with the many opportunities that the world of transport is offering thanks to the energy transition.” Meanwhile, Exor is looking carefully at new sectors and targeted investments, with 9 billion to be used to focus on other assets. In the future, the holding’s attention will focus on luxury, health and technology, with the healthcare sector in particular which has attracted the attention of the company also by virtue of the situation that has arisen in recent years following the pandemic. Finally, a comment also on the rumors of a possible entry into Armani, with Elkann himself intending to put an end to speculation: “It is important that the rumors stop because they represent a lack of respect for a company like Armani that is not for sale . “
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