Development during the second quarter of 2007: * Total revenues amounted to SEK 597.2 million (377.5), corresponding to an increase of 58%. * Operating income amounted to SEK 99.7 million (37.7), corresponding to an increase of 164%. * Profit after tax amounted to SEK 73.8 million (39.9), corresponding to an increase of 85%. Development during the first six months of 2007: * Total revenues amounted to SEK 1,111.3 million (810.2), corresponding to an increase of 37%. * Operating income totaled SEK 210.0 million (133.5), corresponding to an increase of 57%. * Profit after tax amounted to SEK 156.1 million (109.7), corresponding to an increase of 42%. * Earnings per share rose to SEK 5.05 (4.16). Earnings per share after dilution amounted to SEK 5.04 (3.61). * Modern Insurances Non-Life showed continued growth, with a 20% increase in total income and a 13% increase in operating income. * Modern Insurances Life's sales of unit-linked insurance products amounted to SEK 6.6 billion during the first six months, an increase of 197% compared with the corresponding period in the preceding year. Embedded Value for unit-linked insurance operations amounted to SEK 806.5 million, an increase of SEK 277.3 million since 1 January 2007. * Combined fund assets in Invik Funds amounted to slightly more than SEK 21.6 billion at 30 June 2007, an increase of 95% compared with the same date in 2006. * Milestone's bid for all Invik shares was completed on 27 June 2007, and on the closing date, Milestone owned Invik shares corresponding to 99% of the voting rights and 98% of the share capital. * On 9 July Invik filed a request for delisting of the Invik B share from the OMX Nordic Exchange in Stockholm. The final trading day was set to 17 August 2007. * On 13 July Milestone initiated a compulsory redemption process regarding the remaining Invik shares not yet acquired by Milestone. For further information, please visit www.invik.se or contact: Anders Fällman, President and CEO +46 (0)8 562 000 20 Mattias Björk, CFO +46 (0)8 562 000 58 __________________________________ Invik is a finance group with a broad product profile focusing on insurance, banking and fund management. Invik is active in a number of carefully selected segments in which the Group can create high growth and build long-term, successful companies, while consistently focusing on profitability. Group companies are distinguished by their constant efforts to seek new avenues for growth in profitable niches in the financial sector. Invik is made up of five major financial operations: Modern Insurances Non-life, with its direct insurance operations focusing on individuals and small companies; Modern Insurances Life, which offers life, pension and endowment insurances; Assuransinvest manages the remaining run-off portfolio; Banque Invik, a private bank based in Luxembourg with operations in asset management, card operations and corporate services and Invik Funds, which pursues fund operations in Aktie-Ansvar and Modern Funds. Invik is listed on the OMX Nordic Exchange in Stockholm under the name INVKB. The full report with tables and the PDF version of the press release can be downloaded from the following links:
Interim report 1 January - June 30, 2007
| Source: Invik & Co. AB