Investor 4Q NAV/Share SEK205; Buys SEK2.1 Billion of Shares
January 24 2012 - 3:13AM
Dow Jones News
Swedish investment firm Investor AB (INVE-B.SK) said Tuesday its
net asset value per share rose 8.5% at the end of the fourth
quarter from the third, adding that it bought SEK2.1 billion worth
of shares in the quarter in existing portfolio companies.
MAIN FACTS:
-NAV/share rose to SEK205 on Dec. 31, from SEK189 on Sept. 30,
and slightly above analysts' expectations of SEK203.
-The company said it invested SEK2.1 billion worth of shares in
existing holdings ABB Ltd. (ABB), Electrolux AB (ELUX-B.SK), and
Ericsson (ERIC-B.SK).
-The company said Molnlycke Health Care surpassed the EUR1
billion annual sales mark in the fourth quarter.
-CEO Borje Ekholm said the company is dedicated to holding its
core investments "for a long time."
-Investor Growth Capital distributed SEK229 million to Investor
in the fourth quarter.
-The company reported a net profit of SEK12.26 billion, down
from a profit of SEK17.49 billion a year ago.
-The company said cost savings, reducing annual management cost
by SEK 140 million with full run-rate effect by year-end 2012,
progressed according to plan.
-Investor said its board proposes a raised dividend to SEK6 from
SEK5 per share.
-Shares closed Monday at SEK137.00.
-By Jens Hansegard, Dow Jones Newswires; +46-8-5451-3095;
jens.hansegard@dowjones.com
Order free Annual Report for AstraZeneca PLC
Visit http://djnweurope.ar.wilink.com/?ticker=GB0009895292 or
call +44 (0)208 391 6028
Order free Annual Report for Saab AB
Visit http://djnweurope.ar.wilink.com/?ticker=SE0000112385 or
call +44 (0)208 391 6028
Husqvarna AB (PK) (USOTC:HSQVY)
Historical Stock Chart
From Jun 2024 to Jul 2024
Husqvarna AB (PK) (USOTC:HSQVY)
Historical Stock Chart
From Jul 2023 to Jul 2024