Activity has remained high with
revolutionary changes in our public holdings as well as new investments in three exciting unlisted companies within our focus areas
Georgi » strengthening freedom, security, Kinnevik’s ceo
IMPORTANT EVENTS IN THE PORTFOLIO
An extraordinary general meeting of Kinnevik on 16 July decided to share Kinnevik’s shares in MTG to the shareholders in order to facilitate the EU’s approval of the proposed merger between Tele2 and comhem
Qliro announced a new strategic direction, which Qliro Financial Services, CDON Marketplace and Nelly will act as three independent companies in order to enhance the visibility and increase shareholder value
Home24, the european e-trade actor in the furniture and home furnishings, was listed successfully on the frankfurt stock exchange, which resulted in an increase in the value of Kinnevik’s share of 666 Million during the quarter
Investments totalling 789 Million in the second quarter, of which sek 345 M in the Livongo and 288 Million in three new companies
80 Million for a holding of 20% in the Swedish last-mile logistics company Budbee
67 Million for a holding of 13% in the Pleo, a Danish company that provides smart debit card for businesses
141 M for a holding of 8% in the u.s. vårdtjänstebolaget Cedar
Net asset value amounted to 96.4 Billion (350 sek per share), an increase of £ 3.1 Billion or 3% during the quarter driven mainly by Zalando and Tele2
Net debt increased during the quarter by sek 1.8 Billion to 2.9 Billion, driven by dividends paid and new investments, which is equivalent to a borrowing level of 3% of the portfolio value
A conference call will be held today, July 20, 2018 there is a 10.00 CET, to present the results.
Link to the audiocast: https://edge.media-server.com/m6/p/wcvyzy7n
UK: +44 203 364 5374
SEE: +46 8 505 564 74
US: +1 855 753 2230
This information is such information that Kinnevik AB (publ) is obliged to publish under the EU marknadsmissbruksförordning and the law on the securities market. The information was submitted, through the following contact person in the government, for publication on 20 July 2018 there is 07.00 CET.
For further information, please visit www.kinnevik.com or contact:
Torun Litzén, Information and IR manager
Telephone +46 (0)70 762 00 50
Kinnevik is a sektorfokuserat investment company that is passionate about entrepreneurship. Together with driven founders and business leaders, we build digital companies that offers people more and better choices. We creates, develops and invests in fast growing companies in both developed markets and emerging markets. We believe in creating both shareholder value and social value by building companies that make a positive contribution to society. Kinnevik was founded in 1936 by the families of Stenbeck, Klingspor and von Horn. Kinnevik’s shares are traded on Nasdaq Stockholm’s list for large cap companies under the ticker CLASS A and CLASS B.
Interim report 1 January — 30 June 2018
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Kinnevik via Globenewswire