Brief: Kinnevik Q3 Total Investments Up At SEK 1.5 Bln

Kinnevik AB

18/10/2023 07:07

Oct 18 (Reuters) - Kinnevik AB  KINVb.ST :
    * KINNEVIK’S INTERIM REPORT 1 JANUARY – 30 SEPTEMBER 2023
    * Q3 TOTAL INVESTMENTS SEK 1.5 BILLION VERSUS SEK 1.0
BILLION YEAR
AGO
    * MARKET ENVIRONMENT IN WHICH WE OPERATE CONTINUES TO BE
HIGHLY
CHALLENGING
    * THROUGH 2023, WE HAVE SEEN STEADY, MATERIAL DECLINE IN
SWEDISH
E-COMMERCE WITH FALLING ORDER VOLUMES AND MORE PRICE-SENSITIVE
CONSUMER
    * WEIGHS ON OUR ASSESSED FAIR VALUE OF BUSINESS AND LEADS TO
SIZEABLE WRITE-DOWN OF OUR INVESTMENT IN QUARTER

Source text for Eikon:  ID:nMFN40xHBY 
Further company coverage:  KINVb.ST 

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