Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Italy
  4. Borsa Italiana
  5. Exor N.V.
  6. News
  7. Summary
    EXO   NL0012059018

EXOR N.V.

(EXO)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Exor N : Italy's Juventus reports record 2020-21 loss on coronavirus hit

09/17/2021 | 09:20am EDT
FILE PHOTO: Juventus supporters show their tattoos of the club's logo at their Italian Serie A soccer match against Palermo at the Juventus stadium in Turin

MILAN (Reuters) - Net loss at Juventus more than doubled in its 2020-21 financial year to 209.9 million euros ($247 million), its highest on record, as revenue plummeted due to closed-door matches amid the coronavirus crisis, the soccer club said.

In a statement on Friday, Italy's Juventus added it would finish the 2021-22 financial year, which will still be heavily affected by the pandemic, with a "significant loss".

"The group's economic performance is expected to improve significantly starting from the 2022-23 financial year," the club said.

Controlled by Exor, the holding company of the Agnelli family, Juventus reported a 16% revenue fall to 480.7 million euros in the twelve months ending June 30.

Operating costs at the Turin-based club rose to 449.3 million euros compared with 414.1 million, while financial debt stood rose marginally to 389.2 million euros from 385.2 million euros the previous year.

Last month Juventus agreed to sell 36-year old soccer star Cristiano Ronaldo to European rivals Manchester United, as part of an effort to curb costs and rejuvenate its squad.

Ronaldo's departure capped a tumultous year for Juventus, which promoted a failed attempt to set a breakaway Super league with other top European clubs.

The Seria A club said on Friday that for the moment it was impossible to predict the outcome of the Super League project, but it remained confident of its legitimacy.

Juventus had signed Ronaldo in 2018 from Real Madrid, in a push to reduce a revenue gap with other European top clubs and support the expansion of its brand on global scale.

But as the club failed to achieve any glory in Europe and last year ended a nine year Serie A dominance, the coronavirus crisis jeopardised Juventus's business plans, putting the club's finances under stress and prompting an up to 400 million euro cash call.

($1 = 0.8490 euros)

(Reporting by Elvira Pollina, editing by Louise Heavens)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
EXOR N.V. 0.54% 75.06 Delayed Quote.12.75%
JUVENTUS FOOTBALL CLUB S.P.A. 0.21% 0.73 Delayed Quote.-10.57%
All news about EXOR N.V.
09/27FERRARI N : Parent Exor Sign Multiyear Deal With Former Apple Design Chief Jony Ive, Partn..
MT
09/27FERRARI N : Exor Start Collaboration With Creative Collective LoveFrom
MT
09/24ELON MUSK : New semiconductor plants will end global auto chip shortage next year -Tesla's..
RE
09/24Auto chip shortage will end next year -Tesla's Musk
RE
09/23Car parts group Faurecia revises down 2021 targets due to semiconductor shortage
RE
09/23STELLANTIS N : Invests $2.3 Billion In Italian Site To Boost Electric Car Production
MT
09/22Stellantis Chairman says Turin, Italy key to group's production
RE
09/21BANCA GENERALI S P A : Former F1 driver Rosberg, Agnelli's Exor invest in adopt-a-tree sit..
RE
09/17EXOR N : Italy's Juventus reports record 2020-21 loss on coronavirus hit
RE
09/17JUVENTUS FOOTBALL CLUB S P A : Italy's Juventus posts record 2020-21 loss on coronavirus h..
RE
More news
Analyst Recommendations on EXOR N.V.
More recommendations
Financials
Sales 2021 1 972 M 2 295 M 2 295 M
Net income 2021 1 761 M 2 049 M 2 049 M
Net Debt 2021 1 886 M 2 195 M 2 195 M
P/E ratio 2021 10,0x
Yield 2021 0,61%
Capitalization 17 678 M 20 563 M 20 572 M
EV / Sales 2021 9,92x
Capi. / Sales 2022 10,1x
Nbr of Employees 263 284
Free-Float 42,9%
Chart EXOR N.V.
Duration : Period :
Exor N.V. Technical Analysis Chart | EXO | NL0012059018 | MarketScreener
Technical analysis trends EXOR N.V.
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 7
Last Close Price 74,66 €
Average target price 90,38 €
Spread / Average Target 21,1%
EPS Revisions
Managers and Directors
John Jacob Philip Elkann Chairman & Chief Executive Officer
Enrico Vellano Chief Financial Officer
Laurence Debroux Independent Non-Executive Director
Marc Jan Bolland Senior Independent Non-Executive Director
Joseph Yong Bum Bae Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
EXOR N.V.12.75%20 475
BYD COMPANY LIMITED45.37%119 412
STELLANTIS N.V.14.97%61 481
FERRARI N.V.-2.14%41 347
SAIC MOTOR CORPORATION LIMITED-14.24%37 986
MARUTI SUZUKI INDIA LTD-0.97%30 574