Exor Announces Up to €500 Million Share Buyback; Elkann Notes Encouraging Initial Stellantis Results

Exor is initiating a share buyback program of up to €500 million. Chairman John Elkann stated, "The initial results from Stellantis are encouraging."

The Agnelli family's holding company will proceed with the repurchase of its own shares. This move comes after a first half of the year where Exor's net asset value per share saw a decline. The buyback program is set to run on the market until the release of Exor's next financial results, expected in March 2027.

Exor Plans Buyback Up to €500 Million

During the first six months of 2026, Exor's net asset value per share decreased by 3.9%. In contrast, the MSCI World index grew by 11.8% over the same period.

Stellantis Impacts NAV Performance

John Elkann addressed the factors influencing Exor's performance, pointing to Stellantis's results as a significant contributor to the holding company's asset value.

"Of our four largest companies, Stellantis was the only one to see a share price decline in the first six months of the year, which had a notable impact on our NAV.

At its Investor Day, Stellantis unveiled FaSTLane 2030, its five-year strategy under Antonio Filosa. This plan is backed by €60 billion in investments and centers on disciplined growth: aiming for a significantly higher operating margin by the decade's end, a return to positive industrial free cash flow, and an ongoing cost reduction program. The initial results are encouraging."

Elkann Focuses on FaSTLane 2030 Strategy

Exor's attention remains on Stellantis's progress and the five-year plan led by Antonio Filosa. The strategy involves €60 billion in investments, targeting a substantial increase in operating margin by 2030, restoring positive industrial free cash flow, and continuing cost containment efforts.

Concurrently, Exor's new share buyback program could reach a total value of €500 million and will continue until the financial results due in March of next year are published.