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ITALMOBILIARE INVESTMENT HOLDING PRESS RELEASE FIRST HALF 2021 RESULTS REVIEWED BY BOARD OF DIRECTORS • ITALMOBILIARE S.p.A. > At June 30 , 2021 , the NAV of Italmobiliare exceeds 2 billion euro ( 1,838.2 million euro at December 31 , 2020 ) , with the NAV of the Portfolio Companies rising to 1,252.8 million ( +130.7 million euro on December 31 , 2020 ) . The total change also reflects the increase in the market value of the investment in HeidelbergCement AG ( +10.6 million euro ) , of the other listed investments ( +5.5 million euro ) and of the private equity funds ( +18.2 million euro ) , net of dividends paid out . > The NAV per share amounts to 47.31 euro , an increase of 10.31 % compared with the end of 2020 , gross of dividends paid ( + 8.65 % net of the dividend of 0.65 euro per share ) . > During the half year , the overall performance of the Portfolio Companies , which represent more than 60 % of NAV , showed a decidedly positive result compared with both 2020 and 2019 prior to Covid . > All of the companies closed the half year with a growth of over 15 % on 2020 ( with the exception of Sirap , penalised by the loss in intragroup revenues ) with revenue higher than the same period in 2019 and a rising GOP . The Officina Profumo - Farmaceutica di Santa Maria Novella , which has had another less than brilliant result in the retail segment because of the pandemic , was the only exception . > For Italmobiliare S.p.A. , revenue increased during the half year mainly due to the increase in dividends approved or collected from investee companies and the positive results from the financial assets . > The consolidated financial position at June 30 , 2021 was a positive balance of 354.5 million euro , compared with 320.8 million euro at the end of December 2020 . > At a consolidated level , revenue came to 232.7 million euro ( 155.6 million at June 30 , 2020 ) and the profit to 117.4 million ( 1.4 million in the first half of 2020 ) . ***** Milan , July 29 , 2021. Italmobiliare's Board of Directors has reviewed and approved the interim report at June 30 , 2021. At the end of the half year , the NAV of Italmobiliare was equal to 2 billion euro or 2,000.2 million euro ( 1,838.2 million euro at December 31 , 2020 ) , with a change linked in particular to the increase in Portfolio Companies ( +130.7 million euro , already net of dividend distributed for 27.1 million euro ) of HeidelbergCement AG ( +10.6 million euro ) and other listed investments ( +5.5 million euro ) and Private Equity fund ( +18.2 million euro ) . In absolute terms , the greatest increase is linked to Caffè Borbone , while , in relative terms , the company that sees its NAV grow more than at the end of 2020 is Tecnica Group , which shows that it has overcome the problems caused by the pandemic . All the other portfolio companies are either growing or substantially stable . At