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Interim Management Statement January-March 2017

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Highlights during the first quarter

  • As previously communicated, Investor now provides supplementary estimated market values for the major wholly-owned subsidiaries and partner-owned investments within Patricia Industries. Based on these estimated market values, the adjusted net asset value* amounted to SEK 372,547 m. (SEK 487 per share).
  • Reported net asset value* amounted to SEK 330,197 m. (SEK 432 per share) on  March 31, 2017, an increase of SEK 30,120 m. (SEK 39 per share) during the quarter, corresponding to a change of 10 percent.
  • Listed Core Investments generated a total return* of 12 percent.
  • Within Patricia Industries, reported sales growth for the major wholly-owned subsidiaries was 15 percent, of which 3 percent organically.
  • The value change of Investor’s investments in EQT was 5 percent in constant currency. Net cash flow from EQT amounted to SEK 704 m.

Financial information, first quarter 2017

  • Reported net asset value growth, including dividend added back, amounted to 10 percent.
  • Contribution to growth of reported net asset value: Listed Core Investments SEK 29,840 m. (-8,549), Patricia Industries SEK 16 m. (-620), and EQT SEK 663 m. (67).
  • Leverage* (net debt/total assets) was 4.3 percent as of March 31, 2017 (5.3).
  • Consolidated net sales for the period was SEK 8,407 m. (7,295). Consolidated profit/loss for the period, which includes unrealized change in value, was SEK 30,404 m. (SEK 39.78 basic earnings per share), compared to SEK -9,688 m. (SEK -12.71 basic earnings per share) for the same period 2016.

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

This information is information that Investor AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 12:00 CET on April 24, 2017.

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.

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