Following Exor’s 2025 financial results, which reported a loss of 3.8 billion euros, CEO John Elkann held his customary conference call with financial analysts. This meeting occurred shortly after Exor’s sale of the Gedi publishing group. Elkann highlighted that 2026 will be a «crucial» year for Stellantis, the automotive giant where Exor holds the largest stake. Stellantis is expected to present its future strategy and plans for corporate improvement during its Capital Markets Day on May 21st.
Elkann described 2025 as a «difficult» year for Exor, operating in a complex environment. He noted that Stellantis has undergone reorganization and, under the leadership of Antonio Filosa, is actively addressing both external and internal challenges. Despite the difficulties of the past year, Elkann stated that Exor is now «more resilient» and better prepared to face another challenging year in 2026. He reiterated Exor’s strategic intention to concentrate on a smaller number of large, high-value companies, emphasizing active management rather than merely acquisitions. Furthermore, Elkann pointed out Exor’s robust financial position, with nearly 4 billion euros in liquidity, providing significant strength amid current uncertainties.
Regarding future investments for the holding company, Elkann identified sectors such as technology, luxury, and healthcare as particularly interesting. However, he also stressed the importance of remaining open to other potential sectors and opportunities. He emphasized that prudence and patience are essential in the current climate to identify and seize the best possible investment opportunities.