Overview
Sweden investment firm's Q1 NAV per share fell 15% in USD, 12% in SEK
Net result for Q1 was a loss, mainly from negative revaluations of BlaBlaCar and Voi
Company repurchased 487,358 common shares during the quarter
Outlook
Company did not provide specific guidance or outlook for future periods
Result Drivers
PORTFOLIO REVALUATIONS - Co said negative revaluations of BlaBlaCar and Voi drove net loss
LOWER PEER MULTIPLES - Co attributed NAV decline to lower peer multiples across portfolio, citing ongoing conflict in Middle East and rapid AI developments
Company press release: ID:nMFN7xw32y
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
-$0.65
Q1 Net Income
-$83.65 mln
Q1 Net Asset Value
$462.08 mln
Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the investment holding companies peer group is "buy."
Wall Street's median 12-month price target for VNV Global AB (publ) is SEK30.50, about 65.2% above its April 21 closing price of SEK18.46
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(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.)