Kinnevik slumps to bottom of STOXX after Q3 disappointment

Kinnevik AB

20/10/2021 08:30

** Shares of Kinnevik  KINVb.ST  fall 5% after the Swedish
investment company's net asset value (NAV) fell from last
quarter and Q3 net result swung to loss  urn:newsml:reuters.com:*:nFWN2RF1I6
    ** Kinnevik's NAV fell 0.4% in the quarter to SEK 273 per
share
    ** It reported Q3 net loss of SEK 317 mln ($36.79 mln)
compared with profit of SEK 20.2 bln last year
    ** The stock, up 21% this year, is set for its worst day
since May
    ** Kinnevik is the worst performer on the pan-European STOXX
600 index  .STOXX 
    

($1 = 8.6170 Swedish crowns)

 (Reporting by Milla Nissi)
 ((milla.nissi@tr.com))