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NAXS Interim financial report January-September 2022

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Nine months 2022

  • Net profit for the interim period amounted to MSEK 93.4 (107.7).
  • Earnings per share amounted to SEK 8.40 (9.66).
  • Net asset value amounted to MSEK 924 (SEK 83.38 per share) at September 30, 2022, compared to MSEK 823 (SEK 73.78 per share) at December 31, 2021.
  • Net cash amounted to MSEK 244 (SEK 22.01 per share) at September 30, 2022, compared to MSEK 266 (SEK 23.81 per share) at December 31, 2021.
  • The 2022 Annual General Meeting resolved to pay a dividend of 3.50 SEK per share for FY 2021.

Third quarter 2022

  • Net profit/loss for the quarter amounted to MSEK 34.7 (26.6).
  • Earnings per share amounted to SEK 3.13 (2.39).

CEO Comments

NAXS continued to experience a positive NAV development during the third quarter, with the NAV/share increasing by 5.9 percent. Over 12 months, the NAV/share has increased by 26.9 percent, including the dividend paid in April.

During the quarter, NAXS’s underlying funds made one new acquisition and exited one portfolio company. The relatively low level of activity in the portfolio during the quarter reflects the generally more challenging macroeconomic environment.

Gösta Lundgren

Financial summary

2022 2021 2022 2021
1/1-30/9 1/1-30/9 1/7-30/9 1/7-30/9
Net profit/loss, KSEK 93 385 107 698 34 716 26 647
2022
30/9		 2021
31/12
Private equity fund investments, KSEK 632 214 513 925
Private equity fund investments in % of equity 68 63
Remaining commitments, KSEK 180 013 86 012
Total exposure to private equity fund investments, KSEK 812 227 599 937
Other investments, KSEK 48 231 44 693
Net cash, KSEK 243 806 265 523
Private equity fund investments per share, SEK 57.07 46.08
Other investments per share, SEK 4.35 4.01
Net cash per share, SEK 22.01 23.81
Net asset value per share, SEK 83.38 73.78
Share price, SEK 58.10 64.80

Contakt:

Gösta Lundgren, Interim CEO
+ 46 70 7104788

gosta.lundgren@naxs.se

This information is information that NAXS AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 18.30 CET on October 25, 2022

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