”Disciplined capital allocation and using our strong financial position wisely to maximize the impact of our highest-conviction companies are crucial to long-term value creation. During the quarter, our dedication to these priorities and our unique ability to seize opportunities in the current market is manifested by our
Key Events
- Acquired secondary shares in
Spring Health , one of our highest-conviction and strongest performing businesses, increasing our ownership to 12 percent - Made use of market conditions to accrete ownership and capital commitments in TravelPerk, Instabee, Recursion and HungryPanda, totalling
SEK 0.6bn - New investment activity was limited, with smaller investments into
Charm Industrial , a clear emerging leader in the carbon removal space, and biotechnology company Enveda Babylon Health announced it had agreed to be taken private in a transaction supported by the company’s main creditor, leading to us writing off our investment in fullKinnevik beat its portfolio climate target in 2022, decreasing emissions intensity by 14 percent year-over-year, as announced in our Climate Progress Report published in June
Investment Management Activities
- We invested
SEK 2.2bn in the quarter, including:SEK 1,069m intoSpring Health SEK 258m into EnvedaSEK 254m into InstabeeSEK 203m into TravelPerkSEK 187m into MathemSEK 145m into RecursionSEK 108m intoCharm Industrial SEK 15m into HungyPanda
Financial Position
- NAV of
SEK 54.0bn (SEK 192 per share), downSEK 1.4bn or 3 percent in the quarter - Net cash position of
SEK 8.8bn , includingSEK 0.5bn in dividends received fromTele2 , corresponding to 19 percent of portfolio value
A conference call will be held today at 10.00 CEST to present the results.
Link to the webcast (listen only):
https://edge.media-server.com/mmc/p/2e7gcgkd
Those who wish to ask questions during the conference call are welcome to register via the below link. Participants will receive dial-in numbers and confirmation code upon registration. Please make sure to register and dial in a few minutes before the call begins.
Link to conference call (for participants):
https://register.vevent.com/register/BIb062ed0e47e1498986afe08040314541
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