Stockholm, April 24, 2015
PRESS RELEASE
NAXS Nordic Access Buyout Fund AB (publ)
Interim Report January-March 2015
First quarter 2015
Net profit for the first quarter amounted to MSEK 23.8 (33.3).
Earnings per share amounted to SEK 1.60 (2.24).
Net asset value amounted to MSEK 772 (SEK 51.94 per share) at March 31, 2015, compared to MSEK 751 (SEK 50.53 per share) at year-end 2014.
Net cash amounted to MSEK 206.2 (SEK 13.86 per share) at March 31, 2015, compared to MSEK 167 (SEK 11.26 per share) at year-end 2014.
Comments by the CEO
NAXS stayed on a steady growth path during the first quarter of 2015. As market conditions remained favorable to exits, the quarter saw several new liquidity events. Together with a positive value development of the private equity fund investments, these liquidity events contributed to a NAV increase of 2.8% during the quarter, despite negative currency effects. NAXS’ balance sheet remains therefore robust and the Company’s well positioned to take advantage of future opportunities.
NAXS’ share price also experienced a sustained strong development during the quarter, and we are happy to note that the number of shareholders has continued to increase.
Lennart Svantesson
Financial summary
|
2015 1/1–03/31 |
2014 1/1–03/31 |
|
| Net profit/loss for the period, KSEK | 23 777 | 33 291 |
|
2015 03/31 |
2014 12/31 |
|
| Private equity fund investments, KSEK | 568 319 | 587 105 |
| Private equity fund investments in % of equity | 74 | 78 |
| Remaining commitments, KSEK | 132 354 | 137 019 |
| Total exposure to private equity fund investments, KSEK | 700 673 | 724 124 |
| Net cash, KSEK | 206 151 | 167 447 |
| Private equity fund investments per share, SEK | 38.22 | 39.48 |
| Net cash per share, SEK | 13.86 | 11.26 |
| Net asset value per share, SEK | 51.94 | 50.53 |
| Share price, SEK | 59.50 | 49.90 |
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 8:30 CET on April 24, 2015.
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
