NAV decline drags Exor shares lower

Ferrari NV

24/03/2026 09:02

** Shares in Exor EXOR.AS fall 5% to the bottom of Amsterdam's benchmark AEX .AEX index after the holding group reported a decline in its full-year net asset value (NAV)

** Its 2025 NAV fell 13% year-on-year to 33.2 billion euros ($38.49 billion), with an 8 billion euros decline in companies' value

** KBC securities says it was led by a 1.4 billion euros decline in car maker Stellantis STLAM.MI, 3.3 billion euros in Ferrari RACE.MI and 1.1 billion euros in agriculture and construction machinery company CNH CNH.N

** 2025 was a turbulent year for Exor with external volatility, regulatory pressures, and internal challenges, KBC adds

** Exor shares are trading at their lowest price since September 1, 2022

($1 = 0.8625 euros)

 (Reporting by Mathias de Rozario in Gdansk)

 ((mathias.derozario@tr.com))