Stockholm, July 17, 2015
PRESS RELEASE - NAXS Nordic Access Buyout Fund AB (publ)
This announcement is not an offer of securities for sale in the United States nor in any other country, and securities may not be offered or sold in the United States absent registration or an exemption from registration under U.S. Securities Act of 1933, as amended, and the rules and regulations thereunder. Nor does it constitute or form part of, and may not be used for the purposes of, any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities by any person in any jurisdiction, nor shall it or the fact of its distribution form the basis of, or be relied upon in connection with, or act as any inducement to enter into, any contract or commitment to do so, in which (i) such offer or invitation is not authorised; or (ii) in which the person making such offer or invitation is not qualified to do so; or (iii) to any person to whom it is unlawful to make such offer or invitation.
Interim Report January-June 2015
First half-year 2015
- Net profit/loss for the first half-year amounted to MSEK 58.4 (44.7).
- Earnings per share amounted to SEK 3.92 (3.00).
- Net asset value amounted to MSEK 774 (SEK 52.06 per share) at June 30, 2015, compared to MSEK 751 (SEK 50.53 per share) at year-end 2014.
- Net cash amounted to MSEK 249 (SEK 16.74 per share) at June 30, 2015, compared to MSEK 167 (SEK 11.26 per share) at year-end 2014.
Second quarter 2015
- Net profit/loss for the quarter amounted to MSEK 34.6 (10.9).
- Earnings per share amounted to SEK 2.33 (0.73).
- NAXS paid a dividend of SEK 2.30 per share for the fiscal year 2014.
Comments by the CEO
NAXS continued to deliver a steady performance during the first half-year 2015, with the net asset value per share increasing by 7.6% during the period and by 21.2% over 12 months (including the dividend paid).
The highlight of the reporting period was the payment in June of a dividend of SEK 2.30 per share for FY 2014, representing 4.6% of the net asset value per share at December 31, 2014. This also represents an increase of 15% in comparison to the dividend paid for FY 2013.
Divestment activity was high in NAXS’ portfolio during the second quarter, with 3 full exits and a number of partial exits (including 2 initial public offerings), while 1 new acquisition was made, bringing the total number of portfolio companies acquired by NAXS’ underlying funds since inception to 107.
Lennart Svantesson
Financial summary
|
2015 1/1–6/30 |
2014 1/1–6/30 |
2015 4/1–6/30 |
2014 4/1–6/30 |
|
| Net profit/loss for the period, KSEK | 58 362 | 44 656 | 34 585 | 10 876 |
|
2015 06/30 |
2014 12/31 |
|
| Private equity fund investments, KSEK | 525 691 | 587 105 |
| Private equity fund investments in % of equity | 68 | 78 |
| Remaining commitments, KSEK |
123 102 |
137 019 |
| Total exposure to private equity fund investments, KSEK | 658 049 | 724 124 |
| Net cash, KSEK | 248 866 | 167 447 |
| Private equity fund investments per share, SEK | 35.35 | 39.48 |
| Net cash per share, SEK | 16.74 | 11.26 |
| Net asset value per share, SEK | 52.06 | 50.53 |
| Share price, SEK | 49.50 | 49.90 |
Contact information
Lennart Svantesson, CEO
Telephone: +46 73 311 00 11
This press release and further information is available on the Company’s website: www.naxs.se
NAXS Nordic Access Buyout Fund AB discloses the information provided herein pursuant to the Swedish Securities Markets Act.
This press release was submitted for publication at 08:30 CET on July 17, 2015.
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
