Kinnevik news and archive

Kinnevik’s nomination committee proposes election of Claes Glassell and Maria Redin

Kinnevik’s nomination committee has proposed the election of Claes Glassell and Maria Redin as new board members at the annual general meeting to be held on June 3, 2024. The committee has also proposed the re-election of all current board members and James Anderson as chair of the board. "This year the nomination committee is pleased to be able...

Business

Kinnevik proposes cash distribution of 6.4 billion Swedish krona

During the first quarter, Kinnevik announced the divestment of its full shareholding in Tele2 to Iliad/NJJ for a total consideration of 13 billion Swedish krona. Following this transaction, the company’s board intends to propose an extraordinary cash distribution of 23 Swedish krona per share or 6.4 billion Swedish krona in total. “With Kinnevik...

Business

Kinnevik's net asset value drops by 9 percent in 2023

Kinnevik’s net asset value (NAV) of 48.2 billion Swedish krona or 171 Swedish krona per share, declined 2.6 billion Swedish krona or 5 percent in the fourth quarter and 4.7 billion Swedish krona or 9 percent in the full-year. The company’s net cash position was 7.9 billion Swedish krona, corresponding to 19 percent of portfolio value by...

Business

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...