Amsterdam, 26 March 2025: Exor’s Impressive 9% NAV Per Share Growth in 2024 and New €1 Billion Share Buyback Program
Exor, a leading international investment firm based in Amsterdam, recently announced its financial results for the year ended 31 December 2024. The company reported a remarkable 9% increase in Net Asset Value (NAV) per share, reaching €178.78, up from €164.02 in the previous year. This growth brought the total NAV to an impressive €38.2 billion.
Strong Cash Flow Generation and Active Capital Allocation
Exor’s strong cash flow generation in 2024 amounted to €1.5 billion, primarily from dividends received from its investee companies and asset disposals. The company’s disciplined capital allocation strategy led to increased exposure to the Healthcare sector, which proved to be a successful move.
Dividends and Share Buyback Program
As part of its capital allocation strategy, Exor also announced an ordinary dividend to be distributed, subject to AGM approval, of approximately €100 million. In addition, the company launched a new €1 billion share buyback program through a Tender Offer. Starting on 27 March 2025, shareholders could tender their shares at a premium of up to 10% NAV.
Financial Performance and Position
- Total Assets / Gross Asset Value (GAV): €42,460 million / €39,739 million
- Equity / Net Asset Value (NAV): €38,212 million / €35,423 million
- NAV per share: €178.78 / €164.02
- Market Capitalization: €19,568 million / €21,176 million
- Share Price: €88.55 / €90.50
- Net Financial Position: (€3,942) million / (€3,968) million
- Loan-to-Value ratio: 9.6% / 10.1%
Exor’s Alternative Performance Measures (APMs), which are non-IFRS and used to measure the company’s financial performance and financial position, are shown above. These APMs are generally accepted by the financial community.
Exor’s Performance and Its Impact on Me and the World
For individual investors, Exor’s strong financial performance and successful capital allocation strategy could mean potential growth in their investments. The announced dividend and share buyback program could also provide additional value for shareholders.
On a larger scale, Exor’s success could have a positive impact on the global investment landscape. The company’s disciplined approach to capital allocation and focus on sectors with long-term growth potential could inspire other investors and contribute to a more stable and prosperous financial market.
Conclusion
In conclusion, Exor’s impressive 9% NAV per share growth in 2024, strong cash flow generation, and active capital allocation strategy have solidified its position as a leading international investment firm. The launch of a new €1 billion share buyback program and an ordinary dividend, subject to AGM approval, further demonstrate the company’s commitment to creating value for its shareholders. Exor’s success could have a ripple effect on the global investment community, inspiring other investors to adopt a disciplined and long-term approach to investing.
As we move forward, it will be interesting to see how Exor continues to allocate capital and navigate the ever-changing financial landscape. Stay tuned for updates and insights from Exor and the world of investing.
Exor will hold its annual investor and analyst call on 27 March 2025 at 15hCET to discuss these results in more detail.
