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INVE B Investor AB News Story

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FinancialsConservativeLarge CapNeutral

Sweden's Investor AB adjusted NAV rises 3% during Q1

Overview

Sweden investment holding company's Q1 adjusted NAV rose 3% to SEK 1,125.1 bln

Total shareholder return for Q1 was 7%, outperforming the SIXRX return index

Patricia Industries' major subsidiaries reported sales and EBITA declines in Q1

Outlook

Investor AB says strong cash flow and balance sheet support future capital deployment

Result Drivers

LISTED COMPANIES - Listed Companies generated a total return of 5% in Q1, contributing to overall results

PATRICIA INDUSTRIES - Total return for Patricia Industries was 4% (5% excluding cash), driven by cash flow, positive USD translation effect, and multiple expansion

EQT INVESTMENTS - Value change of investments in EQT was -13% in Q1, weighing on results

Company press release: ID:nWkr51Nqwz

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 Adjusted Net Asset ValueSEK 1,125.1 bln
Analyst Coverage The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 3 "hold" and 2 "sell" or "strong sell" The average consensus recommendation for the investment holding companies peer group is "buy." Wall Street's median 12-month price target for Investor AB is SEK370.00, about 3.1% below its April 20 closing price of SEK381.70 The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 13 three months ago 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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