Highlights during the third quarter
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Net asset value amounted to SEK 163.4 bn. (SEK 215 per share) on September 30, 2012, an increase by SEK 8.5 bn., (SEK 11 per share) during the quarter.
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Additional shares were acquired in ABB and Wärtsilä.
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Net cash flow to Investor from EQT and Investor Growth Capital totaled SEK 0.9 bn. during the quarter.
Financial information
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Net asset value amounted to SEK 163,376 m. (SEK 215 per share) on September 30, 2012, compared to SEK 156,070 m. (SEK 205 per share) at year-end 2011, corresponding to a change, with dividend added back, of 8 percent (-13). The Stockholm Stock Exchange's Total Return Index (SIXRX) was 12 percent during the same period (-20). Over the past 20 years, annual net asset value growth, with dividend added back, has been 13 percent.
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Consolidated net profit for the period, which includes unrealized change in value, was SEK 13,339 m. (SEK 17.60 per share), compared to SEK -21,555 m. (SEK -28.25 per share) for the same period 2011.
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Core Investments contributed SEK 12,010 m. to net asset value for the period (-28,687), of which Listed SEK 13,289 m. (-29,016).
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Financial Investments contributed SEK 454 m. to net asset value for the period (8,385).
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Leverage (net debt/total assets) was 12.3 percent as of September 30, 2012 (9.8).
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The total return on the Investor share was 18 percent during the period (-12), of which 10 percent during the third quarter (-16). The total annual return on the Investor share averaged 1 percent over the past 5-year period, 15 percent over the past 10-year period and 15 percent over the past 20-year period.
Investor is the leading owner of Nordic-based international companies, founded by the Wallenberg family a hundred years ago. We own significant minority or majority interests in high quality companies. Through our participation on the boards of directors, we work for continuous improvement of the performance of the companies. With our industrial experience, network and financial strength we strive to make our companies best-in-class. Our cash flow allows us to support strategic initiatives in our companies, capture investment opportunities and provide our shareholders with a dividend. Our Core Investments include listed holdings Atlas Copco, ABB, SEB, Ericsson and the operating subsidiary Mölnlycke Health Care.
http://www.cisionwire.com/investor/r/interim-report-january-september-2012,c9319945
http://mb.cision.com/Main/1084/9319945/55793.pdf
For further information:
Oscar Stege Unger, Head of Corporate Communications, Phone 46 8 614 2059, 46 70 624 2059
Magnus Dalhammar, Investor Relations Manager, Phone 46 8 614 2130, 46 73 524 2130