Kinnevik: Interim Report 1 January - 30 September 2017
(Thomson Reuters ONE) -
OPERATING COMPANIES' PERFORMANCE
* Zalando showed continued healthy growth and announced the launch of a beauty
category in the spring of 2018
Preliminary revenue growth of 27.5-29.5% and an EBIT margin of between -0.5
and 0.5%
* GFG reported solid sales growth and halved losses, progressing on its path
to profitability
Revenue growth of 16% and an adjusted EBITDA margin of -4%
* Millicom returned to positive revenue growth driven by accelerated
deployment of high-speed data networks
Organic service revenue growth of 1.7% and an EBITDA margin of 37%
* Tele2 showed good momentum driven by strong uptake of their new mobile
offerings
Revenue growth of 1% on a like for like basis and an EBITDA margin of 25%
* Com Hem intends to propose a 50% increase of the cash dividend on the back
of a solid growth trajectory
Organic revenue growth of 4% and an organic underlying EBITDA margin of 50%
* MTG reported strong growth driven by all four business segments, and
continued its digital investments
Organic revenue growth of 7% and an EBIT margin of 6%
INVESTMENT MANAGEMENT ACTIVITIES
* Total investments of SEK 569m whereof SEK 527m (USD 65m) into Betterment,
increasing Kinnevik's shareholding to 16%
* Total divestments of SEK 104m attributable in full to Glossybox
* Dividend of SEK 350m received from Black Earth Farming following completion
of asset sale
FINANCIAL POSITION
* Net Asset Value of SEK 85.7bn (SEK 311 per share), up SEK 3.8bn or 5% during
the quarter, led by a SEK 1.8bn increase in Zalando and a SEK 1.5bn increase
in Millicom
* Net debt position of SEK 0.9bn at the end of the quarter
A conference call will be held today, 26 October 2017, at 10.00 CET to present
the results.
Link to the audiocast: http://edge.media-server.com/m/p/8zczrdqs
Dial-in numbers:
UK: +44 20 3364 5374
SE: +46 8 505 564 74
US: +1 855 753 2230
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 2017.
For further information, visit www.kinnevik.com or contact:
Torun Litzén, Director Investor Relations
Phone +46 (0)70 762 00 50
Email press(at)kinnevik.com
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:
http://hugin.info/1114/R/2144822/822064.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: 26.10.2017 - 08:00 Uhr
Sprache: Deutsch
News-ID 565365
Anzahl Zeichen: 3955
contact information:
Town:
STOCKHOLM
Kategorie:
Business News
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"Kinnevik: Interim Report 1 January - 30 September 2017"
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