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
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted Net Asset Value
SEK 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.)