Net Asset Value per share, excluding treasury shares held in portfolio, rises to 35.5 euro as of March 31, 2019 (33.9 euro at the end of 2018).

  • Overall NAV of 1,487.1 million euro (1,421.4 million euro at the end of 2018), with a gain of 65.7 million euro largely due to the increase in the market value of HeidelbergCement and Mediobanca equity investments.
  • During the first quarter acquisition of 26.9% of Autogas Nord led to an increase in the contribution of the portfolio companies and a reduction in cash and cash equivalents, with a neutral effect in terms of NAV.
  • Among the portfolio companies, continuous strong first-quarter performance in particular for Caffè Borbone and Tecnica Group