Stockholm, July 19, 2016
PRESS RELEASE - NAXS 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.
First half-year 2016
- Net profit/loss for the first half-year amounted to MSEK 45.2 (58.4).
- Earnings per share amounted to SEK 3.04 (3.92).
- Net asset value amounted to MSEK 793 (SEK 53.30 per share) at June 30, 2016, compared to MSEK 785 (SEK 52.78 per share) at year-end 2015.
- Net cash amounted to MSEK 333 (SEK 22.37 per share) at June 30, 2016, compared to MSEK 351 (SEK 23.60 per share) at year-end 2015.
Second quarter 2016
- Net profit/loss for the quarter amounted to MSEK 20.0 (34.6).
- Earnings per share amounted to SEK 1.35 (2.33).
- NAXS paid a dividend of SEK 2.50 per share for the fiscal year 2015.
Comments by the CEO
NAXS continued to grow its net asset value during the second quarter, increasing it by 2.4% including the dividend paid.
The Annual General Meeting which took place on June 1 approved the payment of a dividend of SEK 2.50 per share for FY 2015. The dividend represents 4.7% of the net asset value per share at December 31, 2015 and an increase of over 8% in comparison to the dividend paid for FY 2014. With the FY 2015 dividend, NAXS has distributed in excess of SEK 7.70 per share over the last 5 years through dividends and share buy backs.
The Annual General Meeting also approved the change of the Company’s name from NAXS Nordic Access Buyout Fund AB to NAXS AB.
Lennart Svantesson
Financial summary
|
2016 1/1–6/30 |
2015 1/1–6/30 |
2016 4/1–6/30 |
2015 4/1–6/30 |
|
| Net profit/loss for the period, KSEK | 45 208 | 58 362 | 20 014 | 34 585 |
|
2016 06/30 |
2015 12/31 |
|
| Private equity fund investments, KSEK | 460 642 | 434 246 |
| Private equity fund investments in % of equity | 58 | 55 |
| Remaining commitments, KSEK | 80 495 | 104 748 |
| Total exposure to private equity fund investments, KSEK | 541 137 | 538 994 |
| Net cash, KSEK | 332 705 | 350 970 |
| Private equity fund investments per share, SEK | 30.98 | 29.20 |
| Net cash per share, SEK | 22.37 | 23.60 |
| Net asset value per share, SEK | 53.30 | 52.78 |
| Share price, SEK | 48.10 | 54.00 |
Contact information
Lennart Svantesson, CEO
Telephone: +46 73 311 00 11
Gösta Lundgren, CFO
Telephone: +46 70 710 47 88
This information is information that Naxs AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out above, at 8.30 CET on July 19, 2016.
This press release and further information is available on the Company’s website: www.naxs.se
NAXS 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
