Kinnevik’s Interim Report 1 January – 30 June 2024
”The second and largest part of the Tele2 divestment and our SEK 6.4bn extraordinary cash distribution were completed in the second quarter. Kinnevik now has a portfolio fully focused on growth companies and strong financial resources that enables us to capture the many opportunities that our portfolio and the state of growth markets provide. During the quarter, our core companies - Cityblock, Mews, Pleo, Spring Health and TravelPerk - continued to deliver strong operational performance as a group, providing support to our net asset value in the face of significant public market multiple contraction. We continue to pursue further, and in part opportunistic, investments in the companies where we hold a long-term strong conviction and can take advantage of our strong cash position and ability to invest for the long run, and see our capital reallocation intensifying during H2 2024.”
Georgi Ganev, CEO of Kinnevik
Key Events
Investment Activities
Financial Position
Key Events After the End of the Quarter
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/jdxb58ra
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/BI1b89053e3d6e4724a79c9524359f3dd7
This information is information that Kinnevik AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014) and the Securities Markets Act (Sw. lagen (2007:528) om värdepappersmarknaden). The information was submitted for publication, through the agency of the contact person set out below, at 2024-07-09 08:00 CEST.
For further information, visit www.kinnevik.com or contact:
Torun Litzén, Director Investor Relations Phone +46 (0)70 762 00 50 Email press@kinnevik.com
Email: press@kinnevik.com
Kinnevik’s ambition is to be Europe’s leading listed growth investor. We back the best digital companies for a reimagined everyday and to deliver significant returns. We understand complex and fast-changing consumer behaviours, and have a strong and expanding portfolio in healthcare, software, marketplaces and climate tech. As a long-term investor, we strongly believe that investing in sustainable business models and diverse teams will bring the greatest returns for shareholders. We back our companies at every stage of their journey and invest in Europe and the US. Kinnevik was founded in 1936 by the Stenbeck, Klingspor and von Horn families. Kinnevik’s shares are listed on Nasdaq Stockholm’s list for large cap companies under the ticker codes KINV A and KINV B.