Financial results for the second quarter amounted to approximately SEK 5.4 billion, an increase of 29 percent compared with the same period last year. It appears from the interim report that the company is presenting today.
Net profit represents earnings per share of SEK 19.30, compared to 15.02 kronor in the same period last year.
Net investments during the second quarter EUR 318 million. The largest single investment was the Global Fashion Group of 382 million, the BIMA to 129 million and in Quikr of 170 million.
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The largest sales during the period was the divestiture of the remaining content in Transcom to a value of 159 million.
Kinnevik’s net asset value as at 30 June 87.3 billion, equivalent to SEK 315 per share. Net asset value increased by 4 percent during the quarter.
– Our largest holdings continued to deliver a good underlying revenue growth and resilient margins, commented Lorenzo Grabau, CEO of Kinnevik.
– Activity in the Private investment market remained high, and the number of rounds of financing within the global Internet sector increased by 10 percent compared with the previous year, continuing Grabau.
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