Brief: Kinnevik H1 Net Cash Position SEK 13.6 Billion

Kinnevik AB

11/07/2022 07:16

July 11 (Reuters) - Kinnevik AB  KINVb.ST :
    * JANUARY TO JUNE NAV OF SEK 61.1BN (SEK 218 PER SHARE),
DOWN SEK
6.7BN OR 10% IN QUARTER AND SEK 11.3BN OR 16% YEAR-TO-DATE (ADDS
PERIOD)
    * JANUARY TO JUNE NET CASH POSITION OF SEK 13.6BN, INCLUDING
PROCEEDS FROM OUR TELE2 SELL-DOWN AND RECEIVED DIVIDENDS (ADDS
PERIOD)
    * WHEREAS WE LAST YEAR HIGHLIGHTED THAT MULTIPLE EXPANSION
WAS
SUPPORTING OUR NET ASSET VALUE, WE NOW FACE A SIGNIFICANT
REVERSAL OF TREND
    * CORRECTION IN ECONOMIC ENVIRONMENT IS LIKELY TO HAVE A
NEGATIVE
IMPACT ON THOSE OF OUR COMPANIES THAT ARE LESS RESILIENT

Source text for Eikon:  ID:nGLF7FC4k7 
Further company coverage:  KINVb.ST 

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