Stockholm, 2014-07-17 08:30 CEST (GLOBE NEWSWIRE) --
First half-year 2014
- Net profit for the period amounted to MSEK 44.7 (20.3).
- Earnings per share amounted to SEK 3.00 (1.36).
- Net asset value amounted to MSEK 667 (SEK 44.86 per share) at June 30, 2014, compared to MSEK 654 (SEK 43.92 per share) at year-end 2013.
- Net cash amounted to MSEK 128 (SEK 8.59 per share) at June 30, 2014, compared to MSEK 131 (SEK 8.80 per share) at year-end 2013.
Second quarter 2014
- Net profit/loss for the quarter amounted to MSEK 10.9 (25.0).
- Earnings per share amounted to SEK 0.73 (1.68).
- NAXS paid a dividend of SEK 2.00 per share for the fiscal year 2013.
Comments by the CEO
There were two highlights for NAXS during the second quarter: first, the 2014 annual general meeting approved the payment of a dividend of SEK 2.00 per share in May; second, the NAXS share continued on its positive trajectory and traded with a premium to NAV during most of the quarter, making the Company one of the best performers in the listed private equity sector in Europe. These developments, as well as our confidence in the quality of our portfolio, continue to foster our positive views on NAXS’ prospects.
Lennart Svantesson
Financial summary
|
2014 1/1–6/30 |
2013 1/1–6/30 |
2014 4/1–6/30 |
2013 4/1–6/30 |
|
| Net profit/loss for the period, KSEK | 44 656 | 20 281 | 10 876 | 24 998 |
|
2014 6/30 |
2013 12/31 |
|
| Private equity fund investments, KSEK | 537 832 | 522 428 |
| Private equity fund investments in % of equity | 81 | 80 |
| Remaining commitments, KSEK | 156 579 | 163 776 |
| Total exposure to private equity fund investments, KSEK | 694 411 | 686 204 |
| Net cash, KSEK | 127 840 | 131 008 |
| Private equity fund investments per share, SEK | 36.16 | 35,09 |
| Net cash per share, SEK | 8.59 | 8.80 |
| Net asset value per share, SEK | 44.86 | 43.92 |
| Share price, SEK | 47.10 | 38.80 |
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 8.30 CET on July 17, 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
