Kinnevik news and archive

Kinnevik's net asset value drops in Q3

Kinnevik’s net asset value of 37.4 billion Swedish krona or 132 Swedish krona per share declined by 1.9 billion Swedish krona or 5 percent in the third quarter and down 7 billion Swedish krona or 14 percent, when adjusting for the 6.4 billion Swedish krona extraordinary cash distribution "After seven years, the transformation to growth is...

People

Kinnevik board member Charlotte Strömberg steps down

Kinnevik’s board member Charlotte Strömberg has resigned from the company’s board, after having served since 2018. “On behalf of Kinnevik and the entire board I would like to thank Charlotte for her valuable contributions and commitment to Kinnevik over the years. Charlotte’s deep engagement and financial expertise have been very valuable to the...

Business

Kinnevik's NAV declines by 4.7 percent in Q2

Kinnevik’s net asset value of 39.3 billion Swedish krona or 140 Swedish krona per share, was down 2.3 billion Swedish krona or 4.7 percent in the second quarter. The company said that NAV decreased 8.4 billion Swedish krona or 16 percent compared to the second quarter of 2023, when adjusting for the 6.4 billion Swedish krona extraordinary cash...

People

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...