Second Quarter 2024 Highlights
Interim Report Q2 2024
”The second and largest part of the Tele2 divestment and our SEK 6.4bn extraordinary cash distribution were completed in the second quarter. Kinnevik now has a portfolio fully focused on growth companies and strong financial resources that enables us to capture the many opportunities that our portfolio and the state of growth markets provide. During the quarter, our core companies - Cityblock, Mews, Pleo, Spring Health and TravelPerk - continued to deliver strong operational performance as a group, providing support to our net asset value in the face of significant public market multiple contraction. We continue to pursue further, and in part opportunistic, investments in the companies where we hold a long-term strong conviction and can take advantage of our strong cash position and ability to invest for the long run, and see our capital reallocation intensifying during H2 2024.”
Georgi Ganev, CEO of Kinnevik
Kinnevik in numbers
39.3bn
Sek, Net asset value
140
Nav per share
(4.7)%
Change in nav Q/Q
(16)%
Change in nav Y/Y
(29)%
1 year TSR
(1)%
5 year TSR
Conference Call 10am CET
Welcome to listed to the conference call presenting the first quarter results 2024.
(listen only)
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.
(for participants)