Eyrir Invest estimated profit for 1H 2012 is 14-19 m EUR
Eyrir´s core assets are a 33% holding in Marel and 17% holding in Stork BV which owns and operates Stork Technical Services and Fokker Technologies. Shares in Marel are listed on Nasdaq OMX Iceland and Stork BV is an unlisted company with headquarters in the Netherlands. Eyrir Invest uses a fair value approach to value its shares in unlisted core holdings. Eyrir Invest’s profit in 1H 2012 is mostly determined by an increase in the share price of Marel and an adjustment in the valuation of Eyrir’s holding in Stork with respect to market circumstances.
Eyrir Invest’s financials are strong with total assets amounting to close to 400 m euro and an equity ratio exceeding 50%. Estimated net profit for 1H 2012 is 14 – 19 m euro. Eyrir Invest will publish its results in week 33.
About Eyrir Invest
Eyrir Invest is an international investment company that focuses on investments in industrial companies that have the potential to become true global leaders. Eyrir places great emphasis on aligning execution with good long-term strategic planning. Eyrir´s core assets are a 33% holding in Marel and 17% holding in Stork BV which owns and operates Stork Technical Services and Fokker Technologies. In recent years Eyrir has placed increased emphasis on venture capital investments. Eyrir´s „Buy and Build“ strategy has a proven track record as shareholder value has increased well above market returns since foundation.