Year-End Report 2013

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| Source: NAXS Nordic Access Buyout Fund AB
multilang-release

Stockholm, January 29, 2014

 

PRESS RELEASE

NAXS Nordic Access Buyout Fund AB (publ)
Year-End Report 2013

January-December 2013

  • Net profit for the year amounted to MSEK 54,2 (54,9).
  • Earnings per share amounted to SEK 3.64 (3.66).
  • Net asset value amounted to MSEK 654 (SEK 43.92 per share) at December 31, 2013, compared to MSEK 609 (SEK 40.83 per share) at year-end 2012.
  • Net cash amounted to MSEK 131 (SEK 8.80 per share) at December 31, 2013, compared to MSEK 123 (SEK 8.22 per share) at year-end 2012.

Fourth quarter 2013

  • Net profit for the period amounted to MSEK 24,5 (16,7).
  • Earnings per share amounted to SEK 1.64 (1.12).

Dividend

  • The Board of Directors proposes to the Annual General Meeting a dividend of SEK 2.00 per share. In addition, the Board of Directors proposes to the Annual General Meeting to vote on a continued share repurchase mandate.

Comments by the CEO

 NAXS made good progress during 2013, with a net asset value per share growth (including the dividends paid) of 8.8%, a share price increase of more than 30%, as well as a high level of activity from its underlying funds.

The positive trends that influenced the financial markets and the private equity industry as a whole throughout 2013 were reflected in NAXS’ portfolio, notably in the number of liquidity events, with 10 exits and 9 recapitalizations taking place during the year.

The occurrence of such a significant number of liquidity events, generating average returns consistent with NAXS’ existing track record, leaves the Company with a robust balance sheet, and well positioned to take advantage of further opportunities.

Lennart Svantesson

Financial summary

  2013
1/1–12/31
2012
1/1–12/31
2013
10/1–12/31
2012
10/1–12/31
Net profit for the period, KSEK 54 179 54 913 24 469 16 684

 

 

  2013
12/31
2012
12/31
Private equity fund investments, KSEK 522 428 487 173
Private equity fund investments in % of equity 80 80
Remaining commitments, KSEK 163 776 212 544
Total exposure to private equity fund investments, KSEK 686 204 699 717
Net cash, KSEK 131 008 122 624
Private equity fund investments per share, SEK 35,09 32,64
Net cash per share, SEK 8,80 8,22
Net asset value per share, SEK 43,92 40,83
Share price, SEK 38,80 29,50

 

NAXS Nordic Access Buyout Fund AB discloses the information provided herein pursuant to the Swedish Securities Markets Act.

The report was submitted for publication at 07.30 CET on January 29, 2014.

Contact information

Lennart Svantesson, CEO

Telephone: +46 73 311 00 11

 

Please see the attached file for the full report.

This press release and further information is available on the Company’s website: www.naxs.se

NAXS Nordic Access Buyout Fund AB (publ)

Corp. Reg. No. 556712-2972

Grev Turegatan 10

114 46 Stockholm, Sweden

Tel: +46 8 611 33 25, E-mail: info@naxs.se