Interim Report January-June 2011

Interim Report January-June 2011

Highlights during the second quarter

  · Aleris acquired Swedish healthcare provider Proxima and announced
the acquisition of Danish private hospital Hamlet. In total, Investor
will provide equity financing of approximately SEK 1,020 m., of which
SEK 769 m. has been provided during the second quarter.
  · Investor participated with its pro rata share, SEK 258 m., in Sobi's
new rights issue. Additional net purchases totaling SEK 99 m. were made
in Husqvarna.
  · The divestment of CaridianBCT was finalized, resulting in a positive
revaluation of Investor's holding in Gambro Holding of SEK 4.6 bn.,
including the investment in EQT IV. As a consequence, Gambro Holding's
debt was reduced to SEK 7.8 bn. from SEK 23.6 bn.
  · EQT funds contributed SEK 2.0 bn. to net asset value, driven by
several successful exits.
  · As previously communicated, Investor Growth Capital is a stand-alone
entity with a defined capital commitment from Investor as of July 1.
  · The restructuring and cost reduction programs, sharpening Investor's
strategic focus and reducing annual expenses by SEK 140 m., with full
effect as of year-end 2012, are progressing according to plan.

Financial information

  · Net asset value amounted to SEK 175,797 m. (SEK 231 per share) on
June 30, 2011, compared to SEK 169,386 m. (SEK 223 per share) at
year-end 2010, corresponding to a change, with dividend added back, of 6
percent for the first half of 2011 (6).
  · Consolidated net profit for the period, including unrealized change
in value, was SEK 10,080 m. (SEK 13.32 per share), compared to SEK 8,262
m. for the same period 2010 (SEK 10.84) per share).
  · Core Investments contributed positively by SEK 3,387 m. to net asset
value during the
period (8,180).
  · Financial Investments contributed positively by SEK 7,369 m. to net
asset value for the period (818).
  · Leverage (net debt/total assets) was 7.0 percent at the end of the
period (6.3).
  · The total return on the Investor share was 4 percent during the
first half of the year (-2). The total annual return averaged 5 percent
over the past 5-year period, 4 percent over the past 10-year period and
11 percent over the past 20-year period.

For further information:

Oscar Stege Unger, Head of Corporate Communications, Phone 46 8 614
2059, 46 70 624 2059
Magnus Dalhammar, Investor Relations Manager, Phone 46 8 614 2130, 46 73
524 2130