Overview
Sweden investment firm's Q1 net asset value per share fell 47% from prior quarter
Q1 net loss driven by negative revaluation of Klarna holding
Company divested major AI and software holdings, realizing significant profit
Outlook
Flat Capital did not provide specific guidance or forecasts for upcoming quarters or the full yr in its press release
Result Drivers
KLARNA REVALUATION - Negative revaluation of Klarna shares was the main factor behind the sharp decline in net asset value and earnings
AI AND SOFTWARE DIVESTMENTS - Divestment of passive AI- and software-related holdings generated a realized profit of about 525 MSEK
Company press release: ID:nMFN1jr4RH
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Income
-SEK 3.27 bln
Q1 Net Asset Value
SEK 3.66 bln
Q1 Net Asset Value Per Share
SEK 7.35
Q1 Operating Expenses
SEK 8.44 mln
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)