Interim Report January-September 2011

Interim Report January-September 2011

 

Highlights during the third quarter

  · Purchases were made in ABB, Atlas Copco, Electrolux, Husqvarna and
NASDAQ OMX for a total of SEK 1.1 bn.

  · Mölnlycke Health Care continued to generate strong cash flow
reducing net debt.

  · Aleris' integration of recent acquisitions progressed according to
plan.

  · Investor Growth Capital, now stand-alone and with a defined capital
commitment, received SEK 1.1 bn. in capital contribution from Investor.
The completion of successful exits resulted in a SEK 0.4 bn.
distribution to Investor.

  · Net cash flow from EQT totaled SEK 1.6 bn.

  · Another EUR 200 m. was raised in debt financing maturing in 2023,
further strengthening financial flexibility.

Financial information

  · Net asset value amounted to SEK 144,024 m. (SEK 189 per share) on
September 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
-13 percent for the first nine months of 2011 (9).

  · Consolidated net profit for the period, including unrealized change
in value, was SEK -21,555 m. (SEK -28.25 per share), compared to SEK
13,119 m. for the same period 2010 (SEK 17.24 per share).

  · Core Investments contributed negatively by SEK -28,717 m. to net
asset value during the period (14,060).

  · Financial Investments contributed positively by SEK 8,415 m. to net
asset value for the period (-435).

  · Leverage (net debt/total assets) was 9.1 percent at the end of the
period (6.3).

  · The total return on the Investor share was -12 percent during the
period (6). The total annual return averaged -1 percent over the past
5-year period, 6 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