Interim Management Statement January-September 2019

“Investor had a strong quarter with adjusted net asset value growth of 8 percent. EQT AB was successfully listed on NASDAQ Stockholm and our subsidiaries reported high earnings growth. In the current macroeconomic environment, our focus is on securing agility in our companies and maintaining financial flexibility at Investor.”
Johan Forssell, CEO of Investor

Highlights during the third quarter

• Adjusted net asset value (NAV)* amounted to SEK 455,921m (SEK 596 per share) on September 30, 2019, an increase of SEK 34,319m, or 8 percent during the quarter. Total shareholder return amounted to 8 percent during the quarter, compared to 2 percent for the SIXRX return index.
• Listed Companies generated a total return* of 2 percent. Shares in ABB were purchased for a total SEK 1.3bn.
• Based on estimated market values, the value of Patricia Industries, excluding cash, increased by 13 percent.
• Pro forma sales growth for the major subsidiaries amounted to 14 percent, of which 6 percent organic in constant currency. Reported EBITA grew by 33 percent. Adjusting for material items affecting comparability, EBITA grew by 22 percent. Mölnlycke’s organic sales growth amounted to 7 percent in constant currency.
• EQT AB was successfully listed on NASDAQ Stockholm. As of September 30, 2019, the value of our holding in EQT AB amounted to SEK 15 bn. Adding our investments in EQT funds, our total investments in EQT amount to SEK 37bn.
• Leverage* (net debt/reported total assets) was 4.6 percent as of September 30, 2019 (6.1 as of December 31, 2018).

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 October 18 2019.

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.