Interim Report January-June 2021

“Activity within our companies remained high during the quarter, with continued focus on handling supply chain issues and adapting to rapidly changing demand. At the same time, our companies are taking important steps forward within technology and sustainability to further strengthen their customer offerings.”
Johan Forssell, President & CEO of Investor

Highlights during the second quarter

• Adjusted net asset value (NAV) amounted to SEK 658,748m (SEK 215 per share) on June 30, 2021, an increase of SEK 33,180m, or 5 percent, with dividend added back, during the quarter. Total shareholder return amounted to 15 percent, compared to 7 percent for the SIXRX return index.
• Listed Companies generated a total return of 5 percent.
• Based on estimated market values, the total return for Patricia Industries, excluding cash, amounted to 3 percent (2 percent including cash). 
• Sales growth for the major subsidiaries amounted to 16 percent. Organic growth amounted to 25 percent in constant currency. EBITA grew by 32 percent.
• Mölnlycke reported organic sales growth of 18 percent in constant currency. Wound Care grew 20 percent organically in constant currency. Surgical grew 17 percent. The contribution from customer contract sales of Personal Protective Equipment was limited and slightly lower than during the second quarter last year. The EBITA margin improved by 1 percentage point. Mölnlycke distributed EUR 200m.
• Strategic add-on acquisitions were made by Permobil and BraunAbility. The previously announced divestment of Grand Group and the Grand Hôtel property was completed.
• The value of Investments in EQT increased by 9 percent. Net cash flow to Investor amounted to SEK 3.8bn.
• Leverage was 2.1 percent as of June 30, 2021 (4.1 as of December 31, 2020). Gross cash amounted to SEK 29,659m and the average maturity of Investor AB’s debt portfolio was 10.3 years on June 30, 2021.
• Investor’s Annual General Meeting approved the Board’s proposal of a SEK 14 per share dividend (corresponding to SEK 3.50 per share following the 4:1 share split) for fiscal 2020. The Board’s 4:1 share split proposal was also approved.

This disclosure contains information that Investor is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014) and the Swedish Securities Markets Act (2007:528). The information was submitted for publication, through the agency of the contact person, on 15-07-2021 14:00 CET.

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 and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at 14:00 CET on July 15, 2021.

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.