Interim Management Statement January-March 2023

“For us as an engaged long-term owner, our key priority is to contribute to our companies staying in the forefront, growing profitably in a sustainable manner and outperforming competition. During the first quarter of this year, our subsidiaries within Patricia Industries achieved strong operational performance, and I am particularly pleased with the development in Mölnlycke, which reported strong organic growth and significant margin expansion.”

Johan Forssell, President & CEO of Investor

Highlights during the first quarter

• Adjusted net asset value (NAV) amounted to SEK 723,621m (SEK 236 per share) on March 31, 2023, an increase of SEK 50,371m, or 7 percent, during the quarter. Total shareholder return amounted to 9 percent, compared to 9 percent for the SIXRX return index.
• Listed Companies generated a total return of 8 percent.
• Based on estimated market values, the total return for Patricia Industries, excluding cash, amounted to 13 percent
  (12 percent including cash), driven by earnings growth and multiple expansion.
• Within Patricia Industries, sales growth for the major subsidiaries amounted to 22 percent, of which 11 percent organically in constant currency. Reported and adjusted EBITA both grew by 35 percent.
• Mölnlycke reported organic sales growth of 13 percent in constant currency. The EBITA margin increased by 6 percentage points sequentially and by 2 percentage points compared to last year.
• The value change of Investments in EQT was -4 percent. Net cash flow to Investor amounted to SEK -749m.
• Leverage was 1.0 percent as of March 31, 2023 (1.5 percent as of December 31, 2022). Gross cash amounted to SEK 31,720m and the average maturity of Investor AB’s debt portfolio was 11.6 years on March 31, 2023.

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, 2023

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 2023.

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.