Kinnevik's net asset value reduces by 10 percent in Q4

Kinnevik’s NAV decreased by 10 percent to 70.5 billion Swedish krona (7.6 billion dollars), or 256 Swedish krona per share, in the fourth quarter, which the company said was driven mainly by the negative share price development in Zalando. The company today also announced investment of 0.9 billion Swedish krona into MatHem, Sweden's independent online grocery retailer, resulting in a 38 percent ownership stake for Kinnevik. Kinnevik’s board has declared an ordinary dividend of 8.25 Swedish krona (89 cents) per share for 2018 equivalent to a dividend yield of 3.9 percent.