Pomegranate Investment AB (publ) Annual Report for the period 1 May 2020 – 30 April 2021
NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO ANY U.S. PERSON
As stated in the recent AGM notice, the annual report and auditors report are available at the company’s office, Mäster Samuelsgatan 1, 1st floor, SE-111 44 Stockholm, Sweden and will be sent to shareholders that so request and inform the company of their postal address.
The annual report is now also made available on the Company’s website www.pomegranateinvestment.com
Management Comments
Florian Hellmich, CEO of Pomegranate Investment AB (publ), commented:
We are very excited that several companies in the portfolio have performed very well over the course of the last financial year, which as reported led to a 54.4% higher NAV as per April 30, 2021, compared with April 30, 2020. The increase has been primarily driven by the four largest portfolio companies – Digikala, Café Bazaar, Sheypoor and Griffon which are now all EBITDA positive and some even pay dividends. We also made the first new investment in a while, in – Takhfifan. The total sum of cash and liquid investments amounted to EUR 16.6 million as per April 30, 2021 and I remain constructive on the outlook and ready to deploy capital as and when attractive opportunities arise, not the least around our current portfolio companies.
For additional information, please visit the Company’s website at www.pomegranateinvestment.com or contact:
Investor Relations contact:
Gustav Wetterling, CFO
Tel: +46 8 545 015 50
Email: ir@pomegranateinvestment.com
About Pomegranate
Pomegranate Investment AB (publ) is based in Sweden and was founded in 2014 by a pioneering team with a long and successful track record of investing in high growth companies in emerging markets, particularly in the technology sector. Pomegranate is an investment company that has a strong position primarily in Iran’s consumer technology sector, which, with the easing of international sanctions, represents an extraordinary growth opportunity for European investors. We are entrepreneurs, we have invested in entrepreneurs and a significant proportion of our investors are entrepreneurs themselves.
This press release does not constitute an offer of any securities of Pomegranate Investment. This press release may not be distributed in the United States or to any “U.S. person”, including any U.S. citizen or permanent resident (‘green card holder’) or any entity organised in the United States, whether located inside or outside the United States. Pomegranate shares represent an investment in Iran that is not suitable for U.S. persons.