Sweden's Industrivarden net asset value rises 17% in nine months
Sweden's Industrivarden net asset value rises 17% in nine months
Overview
Sweden investment holding firm's net asset value rose 17% to SEK 223.3 bln as of Sept 30
Total return for Class A and C shares outpaced Stockholm Stock Exchange index
Company purchased SEK 3.3 bln in shares during first nine months, mainly in Essity, Handelsbanken, Volvo
Outlook
Company did not provide specific guidance for future quarters or the full year in press release
Result Drivers
PORTFOLIO PURCHASES - Co said share purchases totalling SEK 3.3 bln, mainly in Essity, Handelsbanken, Volvo, contributed to results
MARKET OUTPERFORMANCE - Co said total return for Class A and C shares exceeded Stockholm Stock Exchange index
Company press release: ID:nMFN1Gp890
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
9 Months Net Asset Value |
| SEK 223.30 bln |
|
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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.)