Overview
Sweden investment firm's Q1 revenue rose 14% yr/yr in SEK terms
Q1 accounting loss narrowed 3% yr/yr to -1,000 kSEK, impacted by restructuring charges
Net asset value per share fell 1% from prior quarter to 10 SEK
Outlook
Company says weak investor sentiment limits opportunity to sell core holdings at attractive valuations
Fram Skandinavien to focus on driving subsidiaries toward profitability and covering group overhead
Result Drivers
RESTRUCTURING CHARGES - Group result negatively affected by about 600 kSEK of provisioning for restructuring in EveHR and potential incentives
CURRENCY IMPACT - SEK/VND exchange rate decreased 17% yr/yr, affecting reported growth rates
SUBSIDIARY PERFORMANCE - Carmudi's improved PBT driven by higher media revenues; EveHR's losses widened due to recruitment and redundancy costs
Company press release: ID:nMFN7stgX8
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Asset Value
SEK 35 mln
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(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.)