Kinnevik: Interim report 1 January - 30 June 2016
(Thomson Reuters ONE) -
Portfolio companies' performance
* Zalando's second quarter preliminary revenues grew 24-26% with an EBIT
margin of 7.5-9.5%
* Millicom's organic service revenue up 2% with an adjusted EBITDA margin of
36%
* Tele2 net sales up 1% with an EBITDA margin of 16%
* MTG reported sales growth of 4% to SEK 4,328m with a stable EBIT margin
Kinnevik investment activities
* Total investments of SEK 534m in the second quarter, all into existing
companies
* EUR 50m second tranche of pre-funding of Global Fashion Group during the
second quarter. Total funding round, agreed on 7 July, upsized from EUR
300m to 330m due to strong shareholder interest, with Kinnevik's final
participation amounting to EUR 161m
* Divestment of 3.8% stake in Lazada to Alibaba for USD 57m completed in April
* Announcement by Tele2 of a rights issue of approximately SEK 3bn to finance
the acquisition of TDC Sweden with expected completion in the fourth quarter
of 2016. Kinnevik has committed to subscribe to its pro rata share
corresponding to approximately SEK 900m
Kinnevik financial position
* Net Asset Value of SEK 64.6bn (SEK 235 per share), down 1.7% or SEK 1.1bn
pro forma for dividends paid, driven by:
* 1% or SEK 0.8bn decrease in value of the listed investee companies,
adjusted for dividends received
* 2% or SEK 0.3bn decrease in value of the unlisted investee companies
* Net cash position of SEK 0.4bn at the end of the quarter
* SEK 7.1bn returned to shareholders in Q2 (ordinary dividend of SEK 7.75 per
share and redemption program of SEK 18 per share)
* New five-year credit facility amounting to SEK 3bn agreed in July
This information is information that Kinnevik AB (publ) is obliged to make
public pursuant to the EU Market Abuse Regulation and the Securities Markets
Act. The information was submitted for publication, through the agency of the
contact person set out below, at 08.00 CET on 22 July 2016.
For further information, visit www.kinnevik.com or contact:
Torun Litzén, Director Investor Relations Phone +46 (0)8 562 000 83
Mobile +46 (0)70 762 00 83
Kinnevik is an entrepreneurial investment group focused on building digital
consumer businesses. We work in partnership with talented founders and managers
to create, invest in and lead fast growing digital businesses both in developed
and developing countries. Kinnevik was founded in 1936 by the Stenbeck,
Klingspor and von Horn families. Kinnevik's shares are listed on Nasdaq
Stockholm's list for large cap companies under the ticker codes KINV A and KINV
B.
Report:
http://hugin.info/1114/R/2030103/755071.pdf
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(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Kinnevik via GlobeNewswire
[HUG#2030103]
Unternehmensinformation / Kurzprofil:
Datum: 22.07.2016 - 08:01 Uhr
Sprache: Deutsch
News-ID 484814
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contact information:
Town:
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