Kinnevik reports 52 percent increase in full year net asset value

Kinnevik’s net asset value amounted to 111.7 billion Swedish krona or 402 Swedish krona per share at the end of 2020, up by 3.8 billion Swedish krona or 4 percent in the quarter and 38.4billion Swedish krona or 52 percent in the full year. The company said in a statement that a broad-based revaluation in our private portfolio, which was up 22 percent in the year, together with strong share price performance in Zalando and Global Fashion Group, supported the growth. The strengthened Swedish krona had a negative effect of 4.8 billion Swedish krona in the quarter and 6.4 billion Swedish krona for the full year. Kinnevik also announced that senior investment director Chris Bischoff has decided to leave the company to take up a role as a Managing Director at General Catalyst.