Kinnevik’s Year-End Release 2023

”2023 was a challenging year. Several of our companies did not meet our performance expectations, which is reflected in the weak development of our Net Asset Value during the year. On the other hand, we doubled down in our highest-conviction companies, taking advantage of our strong financial position and permanent capital allowing us to invest when many need to exit. We made selected new investments in our focus sectors, and we limited deployment into companies lacking traction. As a result, we headed into 2024 with a stronger and more concentrated portfolio, and with a SEK 7.9bn net cash position.”

Georgi Ganev, CEO of Kinnevik

Key Events

Investment Management Activities

Financial Position

A conference call will be held today at 10.00 CET to present the results.

Link to the webcast (listen only):

https://edge.media-server.com/mmc/p/xh6jdiin

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/BI5e87cb3471774ec0ae7eed47ba690114

This information is information that Kinnevik AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation (596/2014). The information was submitted for publication, through the agency of the contact person set out below, at 2024-02-01 08:00 CET.