Financial results for the fourth quarter
- The market value of the Group's securities in Major Listed Holdings increased by SEK 6,241 million to SEK 50,761 million at 31 December.
- Korsnäs' revenues amounted to SEK 1,821 million (1,722).
- Operating profit for Korsnäs was SEK 7 million (78) (comparable figures excluding restructuring costs).
- The Group's total revenue amounted to SEK 1,873 million (1,767) and operating profit was a loss of SEK 5 million (loss of 124).
- Net result after tax, including changes in fair value of financial assets, amounted to SEK 6,647 million (9,192).
- The earnings per share was SEK 25.18 (34.82).
Events during the fourth quarter
- The Group participated in the new share issue in connection to the initial public offering of Black Earth Farming. At the end of 2007, Kinnevik owned 20% of the company.
Financial results for 2007
- The market value of the Group's securities in Major Listed Holdings increased by SEK 14,606 million, corresponding to 40%, and amounted to SEK 50,761 million on 31 December.
- Korsnäs' revenues increased by 5% to SEK 7,519 million (7,134) (comparable figures pro forma including Frövi).
- Operating profit for Korsnäs amounted to SEK 836 million (865) (comparable figures pro forma including Frövi, excluding restructuring costs).
- The Group's total revenue amounted to SEK 7,673 million (6,305) and operating profit was SEK 885 million (478).
- Profit after tax, including changes in fair value of financial assets, amounted to SEK 16,179 million (11,549).
- The profit per share was SEK 61.29 (43.74).
- The Board proposes that the Annual General Meeting decide on a cash dividend amounting to SEK 2.00 (1.70) per share. The Board also proposes that the Annual General Meeting to be held on 15 May decide on a continued mandate to repurchase a maximum of 10% of the Company's own shares. A mandate to repurchase shares gives the Board flexibility to continuously decide on changes to the capital structure during the year.
