Stockholm, October 22, 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.
Nine months 2015
Net profit for the period amounted to MSEK 89.2 (104.4).
Earnings per share amounted to SEK 6.00 (7.02).
Net asset value amounted to MSEK 805 (SEK 54.16 per share) at September 30, 2015, compared to MSEK 751 (SEK 50.53 per share) at year-end 2014.
Net cash amounted to MSEK 311 (SEK 20.94 per share) at September 30, 2015, compared to MSEK 167 (SEK 11.26 per share) at year-end 2014.
- NAXS paid a dividend of SEK 2.30 per share for the fiscal year 2014.
Third quarter 2015
- Net profit/loss for the quarter amounted to MSEK 30.8 (59.7).
- Earnings per share amounted to SEK 2.07 (4.02).
Comments by the CEO
Despite a volatile environment, NAXS had another solid quarter, with a continued increase in NAV and a stable share price.
The NAV per share grew by 4% during the third quarter, and by 12% during the first nine months of 2015 (including the dividend paid).
Barring a substantial deterioration of the market conditions, we continue to hold positive views on the Company’s future developments.
Lennart Svantesson
Financial summary
|
2015 1/1–9/30 |
2014 1/1–9/30 |
2015 7/1–9/30 |
2014 7/1–9/30 |
|
| Net profit/loss for the period, KSEK | 89 184 | 104 368 | 30 821 | 59 712 |
|
2015 09/30 |
2014 12/31 |
|
| Private equity fund investments, KSEK | 494 499 | 587 105 |
| Private equity fund investments in % of equity | 61 | 78 |
| Remaining commitments, KSEK | 115 730 | 137 019 |
| Total exposure to private equity fund investments, KSEK | 610 229 | 724 124 |
| Net cash, KSEK | 311 406 | 167 447 |
| Private equity fund investments per share, SEK | 33.26 | 39.48 |
| Net cash per share, SEK | 20.94 | 11.26 |
| Net asset value per share, SEK | 54.16 | 50.53 |
| Share price, SEK | 54.00 | 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 October 22, 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
