Year-end Report 2006
Important events in the fourth quarter
The net asset value increased by SEK 10 bn. in the fourth quarter and amounted to SEK 159 bn. (SEK 208 per share) on December 31, 2006.
Additional shares were purchased in Husqvarna for SEK 114 m.
MAN’s revised bid for Scania was rejected because the offer does not reflect the value of Scania and the potential synergies of a combination.
Five new investments were made within Investor Growth Capital. EQT III’s holding in Symrise was listed on the Frankfurt Stock Exchange.
The net asset value amounted to SEK 159,320 m. (SEK 208 per share) on December 31, 2006, as against SEK 133,945 m. (SEK 175 per share) at year-end 2005.
The total return on Investor shares was 24 percent in 2006 (68), of which 10 percent was in the fourth quarter (15). The average total return has been 16 percent over the past 20 years.
Consolidated net income (including unrealized changes in value) totaled SEK 28,486 m. for the year (SEK 37.13 per share before dilution), compared with SEK 43,858 m. in 2005 (SEK 57.15 per share before dilution).
Core Investments had an impact of SEK 29,942 m. (39,427) on net income for the year. ABB, SEB and Atlas Copco had the greatest impact with SEK 7,730 m., SEK 7,272 m. and SEK 5,420 m., respectively. AstraZeneca, with SEK -510 m., was the only Core Investment that had a negative effect.
Private Equity Investments had an effect of SEK 664 m. on net income for the year (6,022).
The proposed dividend to shareholders is SEK 4.50 per share (3.50).