Exor, NL0012059018

Exor reports EUR 76 million buyback: Exor stock gains 1.08 percent

Published on 10/13/2026 at 09:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

NAV per share fell 3.90 percent in the first half of 2026. Exor stock costs EUR 70.30 on October 13, 2026, 10.04 percent below its high.

Exor reported EUR 76 million invested under the first tranche of its share buyback program on October 12, 2026.
Exor stock was at EUR 70.30 at Lang & Schwarz on October 13, 2026, up 1.08 percent versus the Xetra close.
NAV per share fell 3.90 percent to EUR 157.90 in the first half of 2026, while dividend income rose to EUR 907.0 million.
Kepler Cheuvreux kept a Buy rating but lowered its target from EUR 91.00 to EUR 89.00.

Exor, NL0012059018, Illustration mit AI erstellt.

Exor (ISIN NL0012059018) reported EUR 76 million invested under the first tranche of its share buyback program on October 12, 2026, while Exor stock was trading at EUR 70.30 at Lang & Schwarz on October 13, 2026, up 1.08 percent versus the Xetra close of EUR 69.55 on October 12, 2026. According to Yahoo Finance on October 12, 2026, the company had purchased 1,087,462 ordinary shares and held 6,125,838 treasury shares.

Buyback reaches EUR 76 million

Exor's first tranche has a maximum size of EUR 125 million, so the reported investment represents 60.80 percent of that authorization. The purchases cover transactions on Euronext Amsterdam and several other European trading venues, giving the capital-allocation measure a concrete scale.

The chronology began with the half-year report on September 22, 2026. MFN.se reported that NAV per share fell 3.90 percent in the first half of 2026, while the release also announced a share buyback of up to EUR 500 million. The program launch was presented on September 23, 2026, with execution planned through the next financial results in March 2027.

Losses sharpen the valuation question

VermögensZentrum reported a first-half net loss of EUR 1.12 billion, compared with EUR 624.0 million a year earlier. Dividend income moved in the opposite direction, rising to EUR 907.0 million from EUR 700.0 million, while NAV per share declined to EUR 157.90 from EUR 164.40.

That gap between investment income and portfolio valuation explains why the buyback matters beyond its headline amount. Exor's gross asset value fell to EUR 35.77 billion at June 30, 2026, from EUR 37.10 billion at year-end 2025, according to the same first-half reporting context.

What does the target imply?

According to Ideal Investisseur on October 2, 2026, Kepler Cheuvreux kept its Buy rating but lowered its target from EUR 91.00 to EUR 89.00. The EUR 89.00 target lies 26.60 percent above the Lang & Schwarz price of EUR 70.30, using the same euro currency.

March 2027 results are next

Exor's next financial results are expected in March 2027, according to its half-year release. Until then, the buyback provides a measurable capital-allocation action, while the first-half loss and the EUR 157.90 NAV per share keep portfolio valuation central to the investment case.

Stock remains below its yearly high

At Lang & Schwarz, Exor stock was trading at EUR 70.30 on October 13, 2026 at 9:18 a.m. CEST, up 1.08 percent versus the Xetra close of October 12, 2026 at EUR 69.55; the quote stood 10.04 percent below the EUR 78.15 52-week high. The further course of trading is shown by the continuously updated real-time quote of Exor stock.