First Quarter 2024 Highlights
Interim Report Q1 2024
"With Kinnevik’s divestment of its entire stake in Tele2 to iliad/NJJ announced in the first quarter, we are completing our strategic transformation to a growth-focused investment firm that we commenced some six years ago. Our Board of Directors has decided to recommend a SEK 6.4bn extraordinary cash distribution, providing shareholders a significant yield while ensuring that Kinnevik has the financial strength and flexibility to capture the many opportunities that will arise over the coming years. Against a stabilizing market backdrop, our core growth companies continued to grow and improve profitability. However, WBA’s impairment charge related to VillageMD goodwill impacted NAV negatively in a meaningful way in the quarter."
Georgi Ganev, CEO of Kinnevik
Kinnevik in numbers
47.9bn
Sek, Net asset value
170
Nav per share
(0.5)%
Change in nav Q/Q
(14)%
Change in nav Y/Y
(22)%
1 year TSR
2%
5 year TSR
Conference Call 10am CET
Welcome to listed to the conference call presenting the first quarter results 2024.
Those who wish to participate in the teleconference are welcome to register via the below link. Participants will receive dial-in numbers and confirmation code upon registration. Please make sure to register and dial in a few minutes before the teleconference begins.