Stockholm, October 22, 2013
PRESS RELEASE
NAXS Nordic Access Buyout Fund AB (publ)
Interim Report January–September 2013
Nine months 2013
- Net profit/loss for the period amounted to MSEK 29,7 (38,2).
- Earnings per share amounted to SEK 1.99 (2.56).
- Net asset value amounted to MSEK 630 (SEK 42.34 per share) at September 30, 2013, compared to MSEK 609 (SEK 40.83 per share) at year-end 2012.
- Net cash amounted to MSEK 129 (SEK 8.66 per share) at September 30, 2013, compared to MSEK 123 (SEK 8.22 per share) at year-end 2012.
Third quarter 2013
- Net profit/loss for the period amounted to MSEK 9.4 (5.5).
- Earnings per share amounted to SEK 0.63 (0.36).
Comments by the CEO
It is with satisfaction that we have noticed an increasing number of exits in NAXS’s portfolio. Year to date, the signing or closing of no less than 8 exits have been announced, including Intera’s divestment of Delete (closed in the third quarter) and Valedo’s divestment of BTI (closed in the fourth quarter, after the end of the reporting period). The 15 exits that have taken place since NAXS’s inception have generated an average annual gross return (IRR) of 21%.
NAXS’ net asset value continues to grow and has increased by 4.9% so far this year - including the dividend paid for FY 2012.
Lennart Svantesson
NAXS operates as a private equity fund-of-funds with investments in buyout funds with a Nordic focus. The objective is to make the Nordic private equity market accessible for a broader circle of investors, while offering liquidity through NAXS' listed shares.
Financial summary
|
2013 1/1–9/30 |
2012 1/1–9/30 |
2013 7/1–9/30 |
2012 7/1–9/30 |
|
| Net profit/loss for the period, KSEK | 29710 | 38 228 | 9 430 | 5 455 |
|
2013 9/30 |
2012 12/31 |
|
| Private equity fund investments, KSEK | 499 880 | 487 173 |
| Private equity fund investments in % of equity | 79 | 80 |
| Remaining commitments, KSEK | 186 586 | 212 544 |
| Total exposure to private equity fund investments, KSEK | 686 466 | 699 717 |
| Net cash, KSEK | 128 994 | 122 624 |
| Private equity fund investments per share, SEK | 33,57 | 32,64 |
| Net cash per share, SEK | 8,66 | 8,22 |
| Net asset value per share, SEK | 42,34 | 40,83 |
| Share price, SEK | 38,00 | 29,50 |
NAXS Nordic Access Buyout Fund AB discloses the information provided herein pursuant to the Swedish Securities Markets Act.
The report was submitted for publication at 11.15 CET on October 22, 2013.
Contact information
Lennart Svantesson, CEO
Telephone: +46 73 311 00 11
Please see the attached file for the full report.
This press release and further information is available on the Company’s website: www.naxs.se
NAXS Nordic Access Buyout Fund 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
