Brief: Investor Q1 Adjusted EBITA Declined By 3%

Investor AB

21/04/2022 07:21

April 21 (Reuters) - Investor AB  INVEb.ST :
    * INTERIM MANAGEMENT STATEMENT JANUARY-MARCH 2022
    * Q1 ADJUSTED NET ASSET VALUE (NAV) AMOUNTED TO SEK 684,107M
(SEK
223 PER SHARE) ON MARCH 31, 2022
    * Q1 ADJUSTED EBITA DECLINED BY 3 PERCENT
    *  Q1 VALUE CHANGE OF INVESTMENTS IN EQT AMOUNTED TO -15
PERCENT
    * Q1 NET CASH FLOW TO INVESTOR AMOUNTED TO SEK 54M
    * SOME OF THE CHALLENGES WE SAW BEFORE THE WAR, SUCH AS 
SUPPLY
CHAIN CONSTRAINTS AND INFLATION, HAVE ACCELERATED  FURTHER
    * Q1 LEVERAGE WAS 1.8 PERCENT AS OF MARCH 31, 2022
    * REGARDING ERICSSON, WE HAVE CLEARLY  COMMUNICATED OUR FULL
SUPPORT FOR ITS STRATEGY AS WELL AS  FOR THE BOARD’S AND
MANAGEMENT’S CONTINUED AND  NECESSARY WORK TO STRENGTHEN THE
CULTURE AND INTERNAL  PROCESSES WITHIN COMPLIANCE
    * BASED ON THE INFORMATION AT  HAND, WE HAVE FULL CONFIDENCE
IN
ERICSSON’S BOARD AND  MANAGEMENT
    * Q1 NET DEBT TOTALED SEK 12,504M ON MARCH 31, 2022
(14,491),
CORRESPONDING TO LEVERAGE OF 1.8 PERCENT (1.9)

Source text for Eikon:  ID:nWkr6Gj9x 
Further company coverage:  INVEb.ST 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;))