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FRAM B Fram Skandinavien AB (publ) News Story

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Sweden's Fram Skandinavien Q1 revenue rises 14%, loss narrows

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

MetricBeat/MissActualConsensus Estimate
Q1 Net Asset ValueSEK 35 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.)

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