Definitive Year-End Report 1998

Definitive Year-End Report 1998 The increase in value for the portfolio of listed stocks was 5 percent in 1998 (general index: 10 percent). Since the start of 1999 through February 24, the listed portfolio has gained 5 percent (general index: 5 percent). 1 Net asset value at year-end was SEK 160 per share and CPN , an increase of 7 percent for the year. Net asset value per share and CPN at February 24, 1999, was SEK 168. The shareholding in PLM was sold for SEK 1.2 billion, generating a capital gain of SEK 712 M. Industrivärden acquired SEK 1.2 billion in stock in Skanska. Following the sale of all shares in Drott, Industrivärden's net involvement in Skanska increased by slightly more than SEK 800 M . Consolidated earnings after financial items totaled SEK 2,148 M (2,404). Of this total, gains on sales of stocks amounted to SEK 1,003 M (1,865), dividends from listed stocks SEK 1,067 M (426), and other earnings items SEK 78 M (113). The Board of Directors proposes a 20 percent increase in the dividend, to SEK 4.50. The average annual growth in the dividend for the last five-year period will thereby amount to 15 percent. 1 All values per share and CPN are calculated after the 1998 split, whereby four new shares and CPNs were received for each old share or CPN, respectively. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/02/26/19990226BIT00080/bit0002.pdf Full report