Interim Management Statement January-September 2022

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“During the third quarter, all three business areas generated positive growth in adjusted net asset value, and our wholly-owned subsidiaries within Patricia Industries reported record sales and profit. Going forward, there is a clear risk that the macro environment will become more challenging, but we are well positioned, and know from history that significant long-term value can be created in tough times.”
Johan Forssell, President & CEO of Investor

Highlights during the third quarter

  • Adjusted net asset value (NAV) amounted to SEK 626,292m (SEK 204 per share) on September 30, 2022, an increase of SEK 15,802m, or 3 percent, during the quarter. Total shareholder return amounted to -3 percent, compared to -4 percent for the SIXRX return index. Year-to-date, adjusted net asset value growth amounted to -16 percent and total shareholder return to -27 percent, compared to -31 percent for SIXRX.
  • Listed Companies generated a total return of 2 percent. SEK 0.5bn was invested in Atlas Copco.
  • Based on estimated market values, the total return for Patricia Industries, excluding cash, amounted to 5 percent (5 percent including cash).
  • Within Patricia Industries, sales growth for the major subsidiaries amounted to 32 percent, of which 10 percent organically in constant currency. Adjusted EBITA grew by 34 percent.
  • Mölnlycke reported organic sales growth of 9 percent in constant currency. Organic growth in Gloves and Wound Care amounted to 15 percent and 9 percent respectively. The EBITA margin improved by almost 2 percentage points.
  • The value change of Investments in EQT was 2 percent. Net cash flow to Investor amounted to SEK 927m.
  • Leverage was 2.2 percent as of September 30, 2022 (1.9 percent as of December 31, 2021). Gross cash amounted to SEK 23,786m and the average maturity of Investor AB’s debt portfolio was 12.1 years on September 30, 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 12:00 CET on October 20, 2022.

For further information:

Viveka Hirdman-Ryrberg, Head of Corporate Communication and Sustainability 
Phone +46 70 550 3500

Magnus Dalhammar, Head of Investor Relations 
Phone +46 73 524 2130 

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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.