Year-End Report
January 1–December 31, 2010
Net asset value on December 31 was SEK 149 per share, an increase of 37% for the year including reinvested dividends
The equities portfolio increased in value by SEK 15.0 billion to SEK 71.1 billion, or 28%. The Stockholm Stock Exchange rose 23%
The total return for the year was 40% for the Class A shares and 48% for the Class C shares, compared with 27% for the return index
Net income for the year was SEK 14.9 billion (20.7), or SEK 38.50 earnings per share (53.51)
In January 2011, Industrivärden issued six-year convertible bonds worth EUR 550 M, subject to approval by an Extraordinary General Meeting on February 9, 2011. The conversion price has been set at a premium to net asset value. In January 2010, five-year convertible bonds worth EUR 500 M were issued
During the year, shares were acquired for a total of SEK 2.5 billion, net, with accumulated growth in value of 41%
Additional purchases of shares in Volvo for SEK 1.8 billion at an average price of SEK 78/share
The holding in Munters was sold for SEK 0.8 billion, representing a total return of 50%
The Board of Directors proposes a dividend of SEK 4.00 (3.00) per share
