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Interim Management Statement January-March 2022

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”The first quarter of 2022 will always be remembered for the unprovoked Russian invasion of Ukraine. The war is, first and foremost, a human tragedy, but it will most likely also have longer-term implications on geopolitics and business. We continue to work closely with our companies to support them in this unpredictable environment.”
Johan Forssell, President & CEO of Investor

Highlights during the first quarter

  • Adjusted net asset value (NAV) amounted to SEK 684,107m (SEK 223 per share) on March 31, 2022, a change of SEK -76,855m, or -10 percent, during the quarter. Total shareholder return amounted to -9 percent, compared to -14 percent for the SIXRX return index.

  • Listed Companies generated a total return of -10 percent.

  • Based on estimated market values, the total return for Patricia Industries, excluding cash, amounted to -5 percent
    (-5 percent including cash).

  • Within Patricia Industries, organic sales growth for the major subsidiaries amounted to 5 percent in constant currency. Adjusted EBITA declined by 3 percent. Excluding Mölnlycke, combined organic sales growth for the major subsidiaries amounted to 16 percent in constant currency and adjusted EBITA grew by 30 percent.

  • Mölnlycke reported organic sales growth of -7 percent in constant currency. Excluding the significant contribution from covid-19-related contract sales of Personal Protective Equipment during the first quarter 2021, organic growth was 6 percent in constant currency, driven by 11 percent organic growth within Wound Care.

  • The value change of Investments in EQT amounted to -15 percent. Net cash flow to Investor amounted to SEK 54m.

  • Leverage was 1.8 percent as of March 31, 2022 (1.9 as of December 31, 2021). Gross cash amounted to SEK 25,319m and the average maturity of Investor AB’s debt portfolio was 10.8 years on March 31, 2022

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 08:15 CET on April 21, 2022

For further information:

Viveka Hirdman-Ryrberg, Head of Corporate Communication and Sustainability, 
Phone +46 70 550 3500
viveka.hirdman-ryrberg@investorab.com

Magnus Dalhammar, Head of Investor Relations, 
Phone +46 73 524 2130
magnus.dalhammar@investorab.com

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 8:15 CET on April 21 2022.

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

Investor, founded by the Wallenberg family in 1916, is an engaged owner of high quality global companies. We have a long-term investment perspective. Through board participation, as well as industrial experience, our network and financial strength, we work continuously to support our companies to remain or become best-in-class. Our holdings include, among others, ABB, Atlas Copco, Ericsson, Mölnlycke and SEB.

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