Investor AB Reports Negative Total Shareholder Return of 4% for 3Q
By Dominic Chopping
STOCKHOLM--Investor AB on Thursday reported a negative third
quarter total shareholder return of 4% compared with a 19% positive
return in the same period last year.
The investment firm noted that while the world economy continued
to recover, it remained affected by the pandemic and supply chain
challenges, while the energy shortage, geopolitics, inflation
concerns and uncertainty about the Chinese economy are risks that
need to be monitored closely.
All these risks have recently contributed to increased
volatility in the financial markets, despite an improved macro
environment and low interest rates, it added.
Investor's net asset value per share rose to 196 Swedish kronor
($22.75) at the end of September from SEK187 at the end of June. On
an adjusted basis, NAV rose to SEK223 a share from SEK215.
Net profit attributable to shareholders for the third quarter
was SEK26.97 billion, down from SEK27.19 billion a year
"In the coming years, sustainability, digitalization, an
intensifying competition for talent and geopolitics will shape both
Investor and our companies," Chief Executive Johan Forssell
Investor said it has updated its leverage policy, now targeting
0-10% net debt to total adjusted assets, from 5%-10% net debt to
total reported assets previously.
Write to Dominic Chopping at firstname.lastname@example.org
(END) Dow Jones Newswires
October 18, 2021 06:44 ET (10:44 GMT)
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