Stockholm, January 29, 2015
PRESS RELEASE
NAXS Nordic Access Buyout Fund AB (publ)
Year-end Report 2014
January-December 2014
- Net profit for the year amounted to MSEK 128.0 (54.2).
- Earnings per share amounted to SEK 8.60 (3.64).
- Net asset value amounted to MSEK 751 (SEK 50.53 per share) at December 31, 2014, compared to MSEK 654 (SEK 43.92 per share) at year-end 2013.
- Net cash amounted to MSEK 167 (SEK 11.26 per share) at December 31, 2014, compared to MSEK 131 (SEK 8.80 per share) at year-end 2013.
- A dividend of SEK 2.00 per share was paid for the fiscal year 2013.
Fourth quarter 2014
- Net profit/loss for the quarter amounted to MSEK 23.6 (24.5).
- Earnings per share amounted to SEK 1.59 (1.64).
Distribution of profits
- The CEO and the Board of Directors will announce the proposal for the distribution of profits for the fiscal year 2014 ahead of the publication of the notice of the Annual General Meeting.
Comments by the CEO
NAXS continued to make solid progress during 2014, with the net asset value per share increasing by 19.6% (including the dividend paid) during the year. The private equity fund investments performed well, driven by a number of successful exits, positive currency effects and the generally positive value development of the remaining portfolio companies.
NAXS’ share price also experienced a strong development, with a 28.6% increase during 2014, and the Company’s share traded in-line with net asset value during the year, making NAXS one of the leading performers in the European listed private equity sector.
The exit proceeds received in 2014 have further strengthened NAXS’ balance sheet and the company continues to be well positioned to take advantage of future opportunities.
Lennart Svantesson
Financial summary
|
2014 1/1–12/31 |
2013 1/1–12/31 |
2014 10/1-12/31 |
2013 10/1–12/31 |
|
| Net profit/loss for the period, KSEK | 127 990 | 54 179 | 23 622 | 24 469 |
|
2014 12/31 |
2013 12/31 |
|
| Private equity fund investments, KSEK | 587 105 | 522 428 |
| Private equity fund investments in % of equity | 78 | 80 |
| Remaining commitments, KSEK | 137 019 | 163 776 |
| Total exposure to private equity fund investments, KSEK | 724 124 | 686 204 |
| Net cash, KSEK | 167 447 | 131 008 |
| Private equity fund investments per share, SEK | 39.48 | 35.09 |
| Net cash per share, SEK | 11.26 | 8.80 |
| Net asset value per share, SEK | 50.53 | 43.92 |
| Share price, SEK | 49.90 | 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 15.45 CET on January 29, 2015.
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
