Brief: Kinnevik Q4 Net Cash Position Rises To SEK 10.39 Billion

Kinnevik AB

02/02/2023 07:10

Feb 2 (Reuters) - Kinnevik AB  KINVb.ST :
    * KINNEVIK’S YEAR-END RELEASE 2022
    * NAV OF SEK 52.9BN (SEK 189 PER SHARE), DOWN SEK 5.1BN OR
9% IN
QUARTER AND SEK 19.5BN OR 27% FOR FULL YEAR
    * WE INVESTED SEK 2.6BN DURING Q4
    * INFLATION AND INCREASING INTEREST RATES HAVE LED TO STEEP
DECLINE IN INVESTOR RISK APPETITE WHICH HAS PARTICULARLY
AFFECTED VALUATIONS OF GROWTH COMPANIES, AND HAD SIGNIFICANT
NEGATIVE IMPACT ON KINNEVIK'S NET ASSET VALUE IN 2022
    * NAV SEK 188.90 PER SHARE AT DEC 31, 22 VERSUS SEK 259.86
PER
SHARE YEAR AGO
    * Q4 NET CASH POSITION SEK 10.39 BILLION VERSUS SEK 5.38
BILLION
YEAR AGO

Source text for Eikon:  ID:nMFN2gwm6n 
Further company coverage:  KINVb.ST 
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