Exor Shares Fall After Swing to Net Loss on Weak Results at Listed Companies

Dow Jones03-24

By Adam Whittaker

Shares in Exor fell after the holding company of Italy's Agnelli family swung to a net loss due to poor performances at some of its largest listed companies, including carmaker Stellantis.

Shares in the Amsterdam-listed company were down 3% at 62.75 euros in midday trade Tuesday. They had fallen to just below 60 euros earlier in the day. Over the past year the shares have dropped more than 30%.

Late Monday the company reported a net loss of 3.79 billion euros ($4.40 billion) for 2025 compared with a net profit of 14.67 billion euros the year prior. This came as dividend income from the companies it invests in fell to 781 million euros from 1.135 billion euros.

Exor's full-year results were weak and its capital allocation policy has some credibility issues, AlphaValue analyst Saima Hussain wrote. The company is clearly looking to redeploy capital and the market is waiting for a transformational deal, Hussain added.

Carmaker Stellantis booked a record loss of 22.3 billion euros and saw a significant fall in value. Stellantis posted charges of around 25 billion euros as part of a restructuring effort. Exor said it is confident Stellantis will turn the corner and report improved results going forward.

Meanwhile, agricultural-machinery group CNH reported reduced revenues on lower industry equipment demand and doesn't expect a recovery until 2027.

Exor said the performance across its unlisted companies was mixed, but that private companies overall had a positive contribution to its portfolio.

Its net asset value fell 13% to 33.24 billion euros while its net asset value per share dropped 8.1% to 164.4 euros.

Write to Adam Whittaker at adam.whittaker@wsj.com

(END) Dow Jones Newswires

March 24, 2026 06:59 ET (10:59 GMT)

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Exor Shares Fall After Swing to Net Loss on Weak Results at Listed Companies

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