Swedish PE investor NAXS' net asset value per share rises in Q3 on valuation gain
Swedish PE investor NAXS' net asset value per share rises in Q3 on valuation gain
Overview
Sweden investment company's nine-month net profit and EPS turned positive from year-ago losses
Net asset value per share rose 10% in the 9-month period, including dividend payment
Q3 NAV growth driven by substantial unrealized valuation increase in private equity fund investment
Outlook
Company intends to continue pursuing investment and divestment opportunities as markets shift
Result Drivers
PRIVATE EQUITY VALUATION - Substantial unrealized valuation increase in one private equity fund investment drove Q3 NAV growth, per CEO
LISTED HOLDINGS PERFORMANCE - Main listed holdings, Tången Industrikapital AB and Jacktel AS, also contributed to NAV increase, per CEO
DIVESTMENT IMPACT - Partial divestment of Jacktel AS holding for MSEK 4.1 during Q3
Company press release: ID:nWkr3hgGT
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
9M EPS |
| SEK 4.87 |
|
9M Net Income |
| SEK 53.3 mln |
|
9M Net Asset Value |
| SEK 582 mln |
|
Reuters Recommended Reads
Oct 23 - Finland's eQ Oyj nine-month revenue rises 4% on private equity fees
Oct 21 - Sweden fintech investor VEF posts Q3 net loss
Oct 22 - Blackstone sees widening credit spreads as a chance to capture higher returns
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)