Brief: Kinnevik Q3 Net Cash Position Up At SEK 12.2 Bln

Kinnevik AB

16/10/2024 07:25

Oct 16 (Reuters) - Kinnevik AB  KINVb.ST :
    * FULL WRITE-DOWN OF OUR REMAINING VILLAGEMD INVESTMENT AND
WEAKER
DOLLAR WEIGHED ON OUR NET ASSET VALUE
    * FAIR VALUE OF OUR UNLISTED PORTFOLIO DOWN BY 7 PERCENT IN
Q3,
DRIVEN BY WRITE-DOWN OF VILLAGEMD AND CURRENCY HEADWINDS
    * Q3 TOTAL INVESTMENTS SEK 1.26 BILLION VERSUS SEK 1.5
BILLION
YEAR AGO
    * Q3 NET CASH POSITION SEK 12.2 BILLION VERSUS SEK 7.6
BILLION
YEAR AGO
    * Q3 NET LOSS SEK 1.91 BILLION VERSUS LOSS SEK 3.28 BILLION
YEAR
AGO

Source text for Eikon:  ID:nMFNbQhk4s 
Further company coverage:  KINVb.ST 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))