Swedish investment company Investor AB (INVE-B.SK) Wednesday said global economic conditions remain soft due to the lingering debt crisis but that an uncertain business environment creates opportunities for long-term investors.

    MAIN FACTS:

-CEO Borje Ekholm said the U.S. economy has recovered but remain sluggish and that Chinese growth is softer and unlikely to provide a near-term life jacket for the world economy. Southern European weakness has spread north, he said.

-The company reported a 14% on-year rise in net asset value per share, up to SEK215 from SEK189 at the end of the third quarter in 2011. An average of four analysts expected a NAV/share of SEK217.

-The increase was driven by value gains in listed holdings like SEB (SEB-A.SK).

-Unlisted subsidiaries weighed on net asset value with Molnlycke Health Care being the biggest negative contributor due to the strengthening of the Swedish krona.

-Investor bought shares worth SEK239 million in power and automation company ABB Ltd. (ABB.SK) and SEK19 million in ship engine maker Wartsila Oyj (WRT1V.HE ).

-It plans to inject SEK500 million in unlisted subsidiary healtcare provider Aleris due to tight covenants.

-Medical technology holding Gambro's sales, profitability and strategic plan launched in spring will continue to be negatively affected by the earthquakes in Italy for a few more months.

-Future cash flow is expected to lower leverage to the 5-10% target range over a business cycle.

-Shares closed Tuesday at SEK146.60.

-Write to Anna Molin at anna.molin@dowjones.com; Twitter: @DowJonesNordics

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