Kinnevik: Interim Report 1 January - 31 March 2017
(Thomson Reuters ONE) -
Operating companies' performance
* Zalando's preliminary numbers for the first quarter showed revenue growth of
22-24% with an EBIT margin of 1-3%
* Millicom's organic service revenues decline by 2% in the first quarter and
the EBITDA margin amounted to 37%
* Tele2 grew first quarter revenues by 22% and delivered an EBITDA margin of
22%
* GFG achieved 26% revenue growth for the full year 2016 and an EBITDA margin
of -13%
* MTG reported first quarter organic revenue growth of 8% and an EBIT margin
of 4%
Investment management activities
* Total investments of SEK 195m in the first quarter, whereof
* SEK 112m (USD 12.5m) for 3.5% in consumer digital healthcare company
Livongo
* SEK 74m (GBP 6.7m) into Babylon
* Total divestments of SEK 2.1bn, whereof
* SEK 2.0bn (EUR 207m) from the sale of half of Kinnevik's prior
shareholding in Rocket Internet
* SEK 50m from the divestment of Metro Sweden
* On 27 April, Kinnevik announced it had agreed to acquire 18.5% in Com Hem
for a cash consideration totalling SEK 3.7bn
Financial position
* Net Asset Value of SEK 79.5bn (SEK 289 per share), up 10% or SEK 7.1bn in
the quarter, led by a SEK 7.3bn, or 12%, increase in the value of the listed
investee companies, of which Millicom SEK 4.1bn and Tele2 SEK 1.9bn
* Net cash position of SEK 0.4bn at the end of the quarter
* Bond issue of SEK 1.0bn within newly established SEK 4.0bn MTN Program
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 27 April 2017.
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. 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.
Interim Report 1 January - 31 March 2017:
http://hugin.info/1114/R/2099361/795527.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: 27.04.2017 - 08:00 Uhr
Sprache: Deutsch
News-ID 538691
Anzahl Zeichen: 3432
contact information:
Town:
STOCKHOLM
Kategorie:
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