Outperformance of NAV Per Share
NAV per share outperformed the MSCI World Index by about 5% due to a €1 billion buyback. The NAV per share saw an increase of 0.9% with 3.2% attributed to the buyback.
Strong Performance from Lingotto
Lingotto performed exceptionally with an 11% increase, mainly from the public investment part, despite a declining market.
Successful Monetization and Healthy Debt Ratio
Monetized €3 billion of Ferrari stake and maintained a healthy debt ratio at 5.5% of GAV, providing good firepower for future investments.
Strong Dividend Inflows
Received strong dividend inflows of €624 million, contributing to a healthy cash position of €1.5 billion.
Reduction in Gross Debt
Gross debt reduced to €3.5 billion from €4.1 billion, demonstrating effective debt management.