Kinnevik: Interim Report 1 January - 30 September 2015
(Thomson Reuters ONE) -
OPERATING COMPANIES' PERFORMANCE
* Millicom organic revenue growth of 7% in local currency (excluding UNE),
Tele2 mobile end-user service revenue growth of 5%
* Zalando's preliminary third quarter revenues grew 41-43% with an EBIT margin
of -2.5 to -4.5%
* Global Fashion Group announced net sales growth during the first half-year
of 63%
KINNEVIK INVESTMENT ACTIVITIES
* Net investments focused on existing companies, amounting to SEK 375m
whereof, as announced in the previous quarter:
* SEK 173m into Global Fashion Group
* SEK 171m into Quikr
* Net investments of SEK 864m for the first nine months and guidance of SEK
1.0-1.5bn for the full year 2015
* On 23 October Kinnevik announced it had entered into an agreement to sell
its entire 31% stake in Avito to its co-shareholder Naspers for a total
consideration of USD 846m (SEK 7.1bn as at 30 September 2015). The
transaction is conditional upon relevant consents from anti-trust
authorities and the South African Reserve Bank
KINNEVIK FINANCIAL POSITION
* Net Asset Value of SEK 82.1bn or SEK 296.01 per share, down by SEK 5.2bn in
the quarter driven by a SEK 7.7bn decrease in the value of the listed
investee companies and a SEK 2.6bn increase in the value of the unlisted
investee companies
* Strong balance sheet with a net cash position of SEK 34m and SEK 5.9bn in
undrawn credit facilities (excluding operating subsidiaries)
Press release:
http://hugin.info/1114/R/1961003/715018.pdf
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Source: Kinnevik via GlobeNewswire
[HUG#1961003]
Unternehmensinformation / Kurzprofil:
Datum: 23.10.2015 - 08:05 Uhr
Sprache: Deutsch
News-ID 429007
Anzahl Zeichen: 2322
contact information:
Town:
STOCKHOLM
Kategorie:
Business News
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