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VNV TO1 — VNV Global AB (publ) News Story

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Sweden's VNV Global NAV per share falls 12% in Q1

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

MetricBeat/MissActualConsensus 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.)

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