Kinnevik: Interim Report 1 January-30 June 2013
(Thomson Reuters ONE) -
Highlights for the second quarter
* Kinnevik received SEK 3.8bln as a result of the share redemption program in
Tele2.
* Kinnevik exercised the option to acquire an additional 3.5% of the shares in
Zalando for a total consideration of EUR 100m. The transaction will be
closed in July.
* Kinnevik subscribed to its pro-rata share in CDON Group's rights issue with
a total investment of SEK 129m.
Revised dividend policy
* The Kinnevik Board of Directors has revised Kinnevik's dividend policy.
According to the updated policy, Kinnevik aims to pay a steadily increasing
annual dividend. When adopting the policy, the current level of SEK 6.50 per
share has been used as a starting point.
Financial results for the second quarter
* The net asset value decreased during the quarter by SEK 1,553m, after a paid
dividend of SEK 1,803m, and amounted to SEK 55,535m at the end of June
corresponding to SEK 200.26 per share.
* The Group's total revenue amounted to SEK 410m (549) and the net profit per
share was SEK 0.62 (loss of 22.58).
* The assessed change in fair value of unlisted holdings amounted to a profit
of SEK 791m in the quarter, including a positive revaluation of Zalando of
SEK 1,342m.
* New investments amounted to SEK 1,055m in the second quarter, of which SEK
1,031m within Online.
Financial results for the first half year
* The net asset value decreased during the first half year by 6% to SEK
55,535m at the end of June.
* The Group's total revenue amounted to SEK 780m (651) and the net loss per
share was SEK 5.21 (loss of 12.54).
* New investments amounted to SEK 1,454m during the first half year, of which
SEK 1,415m within Online including the SEK 876m invested in Zalando.
Press release:
http://hugin.info/1114/R/1717571/571160.pdf
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Source: Kinnevik via Thomson Reuters ONE
[HUG#1717571]
Unternehmensinformation / Kurzprofil:
Datum: 19.07.2013 - 08:02 Uhr
Sprache: Deutsch
News-ID 280000
Anzahl Zeichen: 2649
contact information:
Town:
STOCKHOLM
Kategorie:
Business News
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