Kinnevik: Interim Report 1 January - 30 September 2016
(Thomson Reuters ONE) -
Portfolio companies' performance
* Zalando's preliminary numbers for the third quarter showed revenue growth of
16-18% with an EBIT margin of 1.0-3.0%
* Millicom's organic service revenues declined by 0.2% in the third quarter
and the adjusted EBITDA margin amounted to 36%
* Tele2 grew its third quarter revenues by 3% and delivered an EBITDA margin
of 22%
* MTG reported third quarter organic revenue growth of 7% and an EBIT margin
before non-recurring items of 4%
Kinnevik investment activities
* Total investments of SEK 742m in the third quarter, all into existing
companies
* Global Fashion Group closed its EUR 330m funding round, with Kinnevik
investing EUR 161m in total whereof EUR 61m in the third quarter
* Linio completed a EUR 50m funding round, with a Kinnevik participation of
EUR 12m
* Home24 completed a EUR 20m funding round, with Kinnevik investing EUR 2.8m
Kinnevik financial position
* Net Asset Value of SEK 74.5bn (SEK 271 per share), up 15% or SEK 10.0bn in
the quarter, driven by:
* 15% or SEK 8.4bn increase in value of the listed investee companies, of
which Zalando SEK 10.3bn
* 16% or SEK 1.6bn increase in value of the unlisted investee companies,
of which GFG SEK 1.5bn
* Net debt position of SEK 0.4bn at the end of the quarter
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 26 October 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 industry focused investment company with an entrepreneurial
spirit at its heart. Our purpose is to build the digital consumer businesses
that provide more and better choice. We do this by working in partnership with
talented founders and management teams to create, invest in and lead fast
growing businesses in developed and emerging markets. We believe in delivering
both shareholder and social value by building well governed companies that
contribute positively to society. 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/2051519/767602.pdf
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
Unternehmensinformation / Kurzprofil:
Datum: 26.10.2016 - 08:02 Uhr
Sprache: Deutsch
News-ID 502829
Anzahl Zeichen: 3433
contact information:
Town:
STOCKHOLM
Kategorie:
Business News
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