Interim Report January-September 2011

Highlights during the third quarter

• Purchases were made in ABB, Atlas Copco, Electrolux, Husqvarna and NASDAQ OMX for a total of SEK 1.1 bn.
  
  
• Mölnlycke Health Care continued to generate strong cash flow reducing net debt.
  
  
• Aleris’ integration of recent acquisitions progressed according to plan.
  
  
• Investor Growth Capital, now stand-alone and with a defined capital commitment, received SEK 1.1 bn. in capital contribution from Investor. The completion of successful exits resulted in a SEK 0.4 bn. distribution to Investor.
  
  
• Net cash flow from EQT totaled SEK 1.6 bn.
  
  
• Another EUR 200 m. was raised in debt financing maturing in 2023, further strengthening financial flexibility.
  
  
  

Financial information

• Net asset value amounted to SEK 144,024 m. (SEK 189 per share) on September 30, 2011, compared to SEK 169,386 m. (SEK 223 per share) at year-end 2010, corresponding to a change, with dividend added back, of -13 percent for the first nine months of 2011 (9).
  
  
• Consolidated net profit for the period, including unrealized change in value, was SEK -21,555 m. (SEK -28.25 per share), compared to SEK 13,119 m. for the same period 2010 (SEK 17.24 per share).
  
  
• Core Investments contributed negatively by SEK -28,717 m. to net asset value during the period (14,060).
  
  
• Financial Investments contributed positively by SEK 8,415 m. to net asset value for the period (-435).
  
  
• Leverage (net debt/total assets) was 9.1 percent at the end of the period (6.3).
  
  
• The total return on the Investor share was -12 percent during the period (6). The total annual return averaged -1 percent over the past 5-year period, 6 percent over the past 10-year period and 11 percent over the past 20-year period.
  
  
  
  

For further information:

Oscar Stege Unger, Head of Corporate Communications, Phone 46 8 614 2059, 46 70 624 2059
Magnus Dalhammar, Investor Relations Manager, Phone 46 8 614 2130, 46 73 524 2130

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

Investor AB is a Nordic-based industrial holding company founded almost one hundred years ago by the Wallenberg family. Today we have investment activities in Europe, the United States and Asia. The business concept is to generate attractive long-term returns for our shareholders by owning and developing companies with solid potential for value creation. We are an engaged owner and apply experience, knowledge and a unique network to develop listed and unlisted companies to make them best-in-class.