Kinnevik news and archive

Kinnevik's net asset value drops 6 percent in Q3

Kinnevik's third quarter net asset value (NAV) of 50.8 billion Swedish krona or 180 Swedish krona per share, declined 3.3 billion Swedish krona or 6 percent. The company’s net cash position is 7.6 billion Swedish krona, corresponding to 17 percent of portfolio value. ”The market environment in which we operate continues to be highly challenging,...

Business

Kinnevik net asset value declines by 3 percent

For the period from January 1 to June 30, 2023, Kinnevik reported NAV of 54 billion Swedish krona or 192 Swedish krona per share, down 1.4 billion Swedish krona or 3 percent in the quarter. The company’s net cash position was 8.8 billion Swedish krona, including 0.5 billion Swedish krona in dividends received from Tele2, corresponding to 19...

Business

Kinnevik reports 5 percent increase in Q1 net asset value

In the first quarter, Kinnevik reported a net asset value (NAV) of 55.5 billion Swedish krona or 198 Swedish krona per share, up 2.6 billion Swedish krona or 5 percent. The company’s net cash position was 10.5 billion Swedish krona, corresponding to 23 percent of quarter-end portfolio value. ”In the first quarter, we made headway on our 2023...

Business

Kinnevik reports 27 percent decline in 2022 net asset value

Kinnevik reported NAV of 52.9 billion Swedish krona or 189 Swedish krona per share, down 5.1 billion Swedish krona or 9 percent in the fourth quarter and down 19.5 billion Swedish krona or 27 percent for the full year. The company’s net cash position was 10.4 billion Swedish krona, corresponding to 24 percent of portfolio value by year-end. ”...

Business

Kinnevik’s year-to-date NAV declines by 20 percent

For the period to September 30, 2022, Kinnevik reported NAV of 58 billion Swedish krona, down 3.2 billion Swedish krona or 5 percent in the quarter and 14.4 billion Swedish krona or 20 percent year-to-date. The company’s net cash position at the end of the period under review was 12.5 billion Swedish krona, corresponding to 27 percent of...

Business

Kinnevik names Samuel Sjöström as the company's new chief financial officer

Kinnevik AB has announced that Erika Söderberg Johnson will leave her role as chief financial officer effective October 31 but remain a senior advisor to the company. The company has appointed Samuel Sjöström as the new chief financial officer effective from 1 November 2022. Commenting on Sjöström appointment as CFO, Georgi Ganev, CEO of...

Business

Kinnevik's net asset value declines by 10 percent in Q2

In the second quarter, Kinnevik reported net asset value (NAV) of 61.1 billion Swedish krona or 218 Swedish krona per share, down 6.7 billion Swedish krona or 10 percent and down 11.3 billion Swedish krona or 16 percent year-to-date. The company’s net cash position was 13.6 billion Swedish krona, including the proceeds from Tele2 sell-down and...

Business

Kinnevik's Q1 net asset value declines by 6 percent

In the first quarter, Kinnevik reported NAV of 67.9 billion Swedish krona or 244 Swedish krona per share, down 4.5 billion Swedish krona or 6 percent. The company said, its net cash position at the end of the quarter was 5 billion Swedish krona, corresponding to 7.8 percent of portfolio value and pro forma net cash position was 8.1 billion...

Business

Kinnevik's Q4 NAV drops by 4.6 percent, reports loss

Kinnevik AB reported net asset value (NAV) of 72.4 billion Swedish krona or 260 Swedish krona per share, down 3.5 billion Swedish krona or 4.6 percent in the quarter and up more than 10 billion Swedish krona or 16.2 percent year-on-year excluding Zalando. For the fourth quarter, the change in fair value of financial assets including dividends...

Business

Kinnevik names Samuel Sjöström as chief strategy officer

Kinnevik AB has appointed Samuel Sjöström as chief strategy officer and member of the company’s management team. Sjöström joined Kinnevik in 2013 and has worked across all of the company’s functions and teams, most recently as head of strategy. In his role as chief strategy officer, the company said in a statement, he will work closely to...

Business

Kinnevik to increase investments in its growth portfolio, Q3 NAV improves

Kinnevik’s net asset value amounted to 75.8 billion Swedish krona or 273 Swedish krona per share at the end of the third quarter, down by 0.3 billion Swedish krona or 0.4 percent compared to last quarter, and up by 13.3 billion Swedish krona or 21.3 percent compared to a year ago. The company said in a statement that negative share price...

Business

Kinnevik's NAV improves 11 percent, completes Zalando distribution

For the quarter ended June 30, 2021, Kinnevik reported NAV of 76.2 billion Swedish krona or 274 Swedish krona per share), up 12.6 billion Swedish krona or 11 percent compared to the same quarter previous year. The company’s net cash position at the end of the quarter was 4.3 billion Swedish krona, including 563 million Swedish krona in dividends...