Emerging Technologies ET AB (publ) Interim Report, March - September 2000
Emerging Technologies ET AB (publ) Interim Report, March - September 2000 * Emerging Technologies implemented private placements totaling SEK 875.2 m net of issue expenses in the spring and summer. * The corporation's new owners include institutions such as pensions manager SPP, industrial holding company Industrivärden and Nordic financial services group Handelsbanken's mutual funds operation. * At the end of the period, the portfolio comprised 59 holdings divided into four segments: mobile Internet/wireless technology, infrastructure, e-business and services. * Emerging technology effected 18 new and follow-up investments in the period, totaling SEK 212.5 m. The corporation loaned a further SEK 90.9 m. This sum up to SEK 303.4 m. * Emerging Technologies initiated the divestiture of listed stocks, raising a total of SEK 261.2 m in the period, with a capital gain of SEK 62.0 m. * Earnings before tax for the period were SEK -755.6 m including write- downs of SEK 805.2 m. * Liquid assets were SEK 685.1 m at the end of the period. Contact: Karin Hallin, Investor Relations, +46 8 555 22000, karin.hallin@emergingtechnologies.se Peter Sandberg, CEO, +46 8 555 22000, peter.sandberg@emergingtechnologies.se Emerging Technologies is a major Northern European venture capitalist organization, active in the network economy. Emerging Technologies is building the corporations of the future alongside entrepreneurs, by providing capital, an expert team combining strategic, financial and technology skills, plus an international contact network. Emerging Technologies focuses on early-stage ventures, mainly in the high-growth mobile Internet/wireless technology and infrastructure sectors, plus e- business and services. ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2000/11/14/20001114BIT00990/bit0001.pdf http://www.bit.se/bitonline/2000/11/14/20001114BIT00990/bit0002.doc