Kinnevik AB Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024
July 09, 2024 at 02:00 am
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Kinnevik AB reported earnings results for the second quarter and six months ended June 30, 2024. For the second quarter, the company reported net loss was SEK 2,268 million compared to SEK 1,410 million a year ago. Basic loss per share from continuing operations was SEK 8.06 compared to SEK 5.02 a year ago. Diluted loss per share from continuing operations was SEK 8.06 compared to SEK 5.02 a year ago.
For the six months, net loss was SEK 2,504 million compared to net income of SEK 1,136 million a year ago. Basic loss per share from continuing operations was SEK 8.9 compared to basic earnings per share from continuing operations of SEK 4.05 a year ago. Diluted loss per share from continuing operations was SEK 8.9 compared to diluted earnings per share from continuing operations of SEK 4.05 a year ago.
Kinnevik AB is a Sweden-based investment company focused on building digital consumer businesses. The Company's operations are divided into four segments, namely: E-commerce and Marketplaces, Communication, Entertainment and Financial Services. The E-commerce and Marketplaces segment is represented by such investments, as Zalando, Global Fashion Group, Qliro Group, Home24, Lazada, Linio, Konga and Rocket Internet, among others. The Communication segment is represented by such investments, as Tele2 and MiIlicom. The Entertainment segment is represented by MTG and Metro investments. The Financial services segment is represented by Bayport, Betterment, Bima investments. The Company operates globally in more than 80 counties.
KINNEVIK AB 
