Sweden's Investor AB Q2 adjusted NAV rises
Sweden's Investor AB Q2 adjusted NAV rises
Overview
Sweden investment holding firm's Q2 adjusted NAV rose 9% to SEK 1,214.7 bln
Total shareholder return for Q2 was 15%
Patricia Industries' major subsidiaries reported 6% sales growth and 16% adjusted EBITA growth
Outlook
Company did not provide specific guidance or outlook for future quarters in its press release
Result Drivers
LISTED COMPANIES - 14% total return from listed companies contributed to NAV growth
PATRICIA INDUSTRIES - Patricia Industries' major subsidiaries reported 6% sales growth and 16% adjusted EBITA growth
MÖLNLYCKE PERFORMANCE - Mölnlycke delivered organic sales growth and improved EBITA margin, distributing EUR 200m to Patricia Industries
Company press release: ID:nWkrb9pzDN
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Adjusted Net Asset Value |
| SEK 1.21 trln |
|
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 5 "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 SEK408.00, about 3.8% above its July 15 closing price of SEK393.25
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 17 three months ago
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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.)