The newly filed 2023 budget of H14a newco led by Luigi, Barbara and Eleonora Berlusconi which holds equal shares, closed with a profit of 16.5 million euros, just under 17.7 million of the previous year. Result allocated for 12.5 million and distributed as a dividend for 4 million. Last year at the time of the meeting that approved the 2022 budget, the three sons of Silvio Berlusconi collected a coupon of 3 and last fall they divided another. 10 million dividend. Therefore, they will probably do it again this year.
Composition of properties
When it comes to the assets of 454.5 million, consists of 67 million in credits and 9 million in liquidity. The shareholdings amount to 368.8 million and consist of three subsidiaries (the B Cinque real estate company, H14S and Zd with a small stake in the American ZocDoc, an online platform for finding doctors), the two related companies which have launched club deals (Ruck and Redeal) as well as shares (6.2 million), private equity shares (10.6 million) and trading securities (5.6 million).
Income from the income statement
The income statement benefited 12.3 million was raised from shareholdings consisting of 1.5 million from coupons of related companies for 10.4 million from capital gains on shares while including other income 6.7 million from private equity shares3.5 million from capital gains from share sales and 6.4 million from capital gains from the sale of hedge fund shares.
Portfolio holdings
The portfolio includes part of this is a club deal Mediobanca (Tec) and several vehicles it promotes, while at the end of 2023 H14 launched a third club deal called Annapurna, entering Weroad, an online tour operator, with approximately 10%. H14 was born in 2022 when Italian Holding Fourteenth of the three children of Silvio Berlusconi and Miriam Bartolini (aka Veronica Lario) kept the share in Fininvest but transferred various financial assets to the newco through a split.
Composition of the Board of Directors
These past few days Geronimo La Russa, son of the president of the Senate, Ignazio, was reconfirmed to the H14 board of directors. La Russa junior is on a board headed by the son of the late former prime minister and consisting of his two sisters as well as Fulvio PietribiasiCEO of Mediolanum Global Funds. (All rights reserved)