Interim Management Statement January-March 2016

Highlights during the first quarter

  • Net asset value amounted to SEK 262,282 m. (SEK 344 per share) on March 31, 2016, a decrease of SEK 9,519 m. (SEK 13 per share) during the quarter, corresponding to a change of -4 percent. Over the past 20 years, annual average net asset value growth, with dividend added back, has been 9 percent.
  • Within Listed Core Investments, shares in Atlas Copco were acquired for SEK 125 m.
  • Net cash flow from EQT amounted to SEK 1.2 bn. The value change of Investor’s investments in EQT was flat in constant currency.
  • The wholly-owned subsidiaries within Patricia Industries reported strong organic growth.

Financial information

  • Consolidated profit/loss for the period, which includes unrealized change in value, was SEK -9,688 m. (SEK -12.71 basic earnings per share), compared to SEK 34,013 m. (SEK 44.66 basic earnings per share) for the same period 2015.
  • Listed Core Investments contributed SEK -8,549 m. to net asset value (30,715).
  • EQT contributed SEK 67 m. to net asset value (1,025).
  • Patricia Industries contributed SEK -620 m. to net asset value (2,447).
  • Leverage (net debt/total assets) was 4.0 percent as of March 31, 2016 (5.5).
  • Consolidated net sales for the period was SEK 7,295 m. (5,728).

For further information:

Stefan Stern, Head of Corporate Relations, Sustainability and Communications, Phone 46 8 614 2058, 46 70 636 7417
Magnus Dalhammar, Head of Investor Relations, Phone 46 8 614 2130, 46 73 524 2130

Our press releases can be accessed at www.investorab.com

Investor, founded by the Wallenberg family a hundred years ago, is the leading owner of high quality Nordic-based international companies. Through board participation, our industrial experience, network and financial strength, we strive to make our companies best-in-class. Our holdings include, among others, Atlas Copco, SEB, ABB, Ericsson and Mölnlycke Health Care.

About Us

Investor is the leading owner of Nordic-based international companies, founded by the Wallenberg family a hundred years ago. We own significant minority or majority interests in high quality companies. Through our participation on the boards of directors, we work for continuous improvement of the performance of the companies. With our industrial experience, network and financial strength we strive to make our companies best-in-class. Our cash flow allows us to support strategic initiatives in our companies, capture investment opportunities and provide our shareholders with a dividend. Our Core Investments include listed holdings Atlas Copco, SEB, ABB, Ericsson and the operating subsidiary Mölnlycke Health Care.