Brief: Kinnevik Q3 Net Asset Value Falls To SEK 58.0 Billion

Kinnevik AB

19/10/2022 07:07

Oct 19 (Reuters) - Kinnevik AB  KINVb.ST :
    * GEOPOLITICAL AND MACROECONOMIC UNREST CONTINUES TO PROVIDE
A
CHALLENGING MARKET BACKDROP FOR INVESTORS.
    * Q3 NET ASSET VALUE SEK 58.0 BILLION VERSUS SEK 75.8
BILLION YEAR
AGO
    * FOR KINNEVIK, PRESSURE ON MARKET MULTIPLES HAS HAD A
NEGATIVE
IMPACT ON VALUATIONS
    * Q3 NET CASH POSITION SEK 12.5 BILLION VERSUS SEK 1.8
BILLION
YEAR AGO
    * FUNDRAISING ENVIRONMENT IS CLEARLY MORE DEMANDING THAN
LAST YEAR
    * Q3 INVESTMENTS SEK 1.0 BILLION VERSUS SEK 2.3 BILLION YEAR
AGO
    * WE ARE LOOKING FOR OPPORTUNITIES FOR CONSOLIDATION,  SUCH
AS THE
PROPOSED COMBINATION OF BUDBEE AND INSTABOX
    * THE FULL EFFECT OF AN ECONOMIC DOWNTURN REMAINS TO BE SEEN

Source text for Eikon:  ID:nMFN3DBZs3 
Further company coverage:  KINVb.ST 
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